STILES 3

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) in the STILES RANCH (GRANITE WASH CONS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 231443District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.0 M
Aug 2007 – May 2026
Value, last 12 filed months
$22 k
at the published price for each month
Months reported
226
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 906 leases and 906 wells, and the rule below applies to all of them.

Discovered
2008-06-24
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2011-10-11.

The Commission's schedule remark for this field reads: FIELD. EFFECTIVE 4/12/16.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112008-05-19179764
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition8,228 bbl$632,658
GasProduction1,475,022 Mcf$8,343,095
Total$8,975,753

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 35.4464, -100.0478. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.44635, -100.04784 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
16,771 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 16,771 ft.

Completions filed
Feb 2012
1 of 1 wells

1 well

42-483323481303R16,771 ftFeb 2012

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (226)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

226 months

May 20261264106.413.05$911
Apr 2026230498.932.87$1,070
Mar 2026236789.753.15$1,335
Feb 2026131363.503.75$1,237
Jan 2026231859.138.00$2,662
Dec 2025235156.664.41$1,662
Nov 2025230858.593.93$1,327
Oct 2025336159.383.30$1,371
Sep 2025126662.743.08$881
Aug 2025123563.933.01$772
Jul 2025227866.743.32$1,055
Jun 202510531266.483.13$7,957
May 2025230460.553.23$1,104
Apr 2025226462.363.54$1,060
Mar 2025131167.704.27$1,395
Feb 2025124770.884.34$1,143
Jan 2025125274.324.28$1,153
Dec 2024120368.993.12$703
Nov 2024226769.052.20$725
Oct 2024226771.372.28$752
Sep 2024231069.612.36$872
Aug 2024118075.632.06$447
Jul 2024347579.932.15$1,259
Jun 2024243178.082.63$1,291
May 2024464678.812.20$1,735
Apr 2024476684.451.66$1,609
Mar 20249984580.301.55$9,255
Feb 2024475676.091.78$1,653
Jan 2024366373.023.30$2,405
Dec 2023579471.262.61$2,429
Nov 2023779877.892.81$2,786
Oct 2023579485.443.09$2,879
Sep 2023248689.042.74$1,507
Aug 2023142180.522.67$1,206
Jul 2023123374.852.64$690
Jun 2023359468.962.26$1,548
May 202312869770.622.23$10,592
Apr 2023384778.122.24$2,130
Mar 2023384172.852.39$2,231
Feb 2023475875.112.47$2,169
Jan 2023481076.533.39$3,050
Dec 2022478276.415.73$4,786
Nov 2022378185.005.65$4,665
Oct 202241,01387.185.86$6,289
Sep 2022487284.888.16$7,458
Aug 202213289394.529.13$20,627
Jul 20222800101.587.54$6,237
Jun 20223890115.097.98$7,445
May 20223888109.378.43$7,817
Apr 20222892104.226.84$6,308
Mar 20223855108.885.08$4,667
Feb 2022368691.054.86$3,606
Jan 2022264981.844.54$3,109
Dec 2021475971.323.90$3,245
Nov 20216675477.435.24$9,059
Oct 2021478279.795.71$4,787
Sep 2021379369.865.35$4,453
Aug 2021384966.024.22$3,781
Jul 202118584870.783.98$16,471
Jun 2021384769.493.38$3,072
May 2021387963.483.02$2,843
Apr 2021585860.362.76$2,669
Mar 2021590661.302.72$2,768
Feb 2021360757.805.55$3,541
Jan 2021590350.412.81$2,790
Dec 2020488744.642.68$2,552
Nov 2020394738.772.71$2,679
Oct 202031,03236.972.48$2,669
Sep 202021,04137.091.99$2,147
Aug 2020143239.982.39$1,070
Jul 2020136338.371.83$701
Jun 2020138634.901.69$687
May 20201804716.921.81$3,131
Apr 2020163714.751.80$1,164
Mar 2020146330.341.86$890
Feb 2020150249.881.98$1,044
Jan 2020282757.252.09$1,847
Dec 2019289959.012.30$2,190
Nov 2019289655.302.75$2,575
Oct 201931,06253.472.42$2,729
Sep 201921,00555.052.66$2,781
Aug 2019297553.112.30$2,353
Jul 201921,06056.272.46$2,720
Jun 20191861,09652.782.49$12,547
May 201911,11558.482.74$3,114
Apr 201911,14562.632.75$3,212
Mar 201911,12456.803.06$3,499
Feb 201911,10550.852.79$3,136
Jan 201911,22846.033.23$4,010
Dec 201811,23746.594.19$5,224
Nov 201821,01752.934.24$4,415
Oct 201811,28461.443.40$4,425
Sep 201811,30559.543.11$4,115
Aug 201811,42359.403.07$4,423
Jul 201811,30465.142.93$3,888
Jun 20181831,34860.183.08$15,161
May 201811,36265.382.90$4,016
Apr 201821,30363.842.90$3,907
Mar 201821,57961.222.79$4,523
Feb 201811,31161.782.77$3,688
Jan 2018173662.874.01$3,014
Dec 2017196257.272.92$2,868
Nov 201711,26355.423.12$3,994
Oct 201721,55949.292.98$4,750
Sep 201711,54547.523.09$4,817
Aug 201721,67845.373.00$5,132
Jul 201711,73643.873.09$5,403
Jun 201721,71042.493.09$5,364
May 201721,87945.373.26$6,223
Apr 201742,21247.933.21$7,296
Mar 201742,50946.772.98$7,673
Feb 20171872,28650.452.95$16,184
Jan 201732,69949.413.42$9,376
Dec 201622,71048.763.72$10,186
Nov 201632,92342.492.64$7,857
Oct 201642,90146.193.09$9,150
Sep 201622,70041.553.10$8,455
Aug 201622,88741.442.92$8,525
Jul 20161843,08741.622.92$16,686
Jun 201622,93345.352.69$7,968
May 201633,08542.521.99$6,270
Apr 201653,00336.561.99$6,162
Mar 201663,23533.011.79$6,002
Feb 201633,15826.472.06$6,596
Jan 20161933,44027.352.36$13,412
Dec 201563,70532.362.00$7,609
Nov 201573,85038.792.17$8,616
Oct 201594,36243.552.43$10,977
Sep 20151923,96842.992.76$19,199
Aug 201524,38240.162.87$12,668
Jul 201514,60248.152.95$13,601
Jun 20151884,56656.152.88$23,719
May 201544,65455.212.96$13,976
Apr 201523,78449.822.71$10,341
Mar 20151883,61742.892.93$18,678
Feb 201503,18344.662.98$9,473
Jan 201504,18243.433.10$12,967
Dec 201403,12354.693.59$11,216
Nov 201403,75370.464.25$15,957
Oct 20141934,85678.303.90$34,055
Sep 201404,77086.164.05$19,297
Aug 201405,16889.394.04$20,854
Jul 20141895,40696.564.18$40,845
Jun 201405,19498.164.74$24,603
May 20141784,63794.734.73$38,779
Apr 201403,52395.944.81$16,943
Mar 201404,47195.895.06$22,609
Feb 201403,74497.406.19$23,183
Jan 20141954,85890.404.86$41,241
Dec 201316,58891.824.35$28,779
Nov 201303,82888.853.74$14,310
Oct 20133846,86697.423.78$63,358
Sep 201305,481104.113.72$20,377
Aug 201305,997104.253.52$21,125
Jul 201328,044102.523.72$30,111
Jun 20131977,08794.403.93$46,473
May 20131817,42494.834.15$47,967
Apr 201317,08293.964.28$30,423
Mar 20133758,95593.623.91$70,147
Feb 201339,42991.233.42$32,520
Jan 201319511,86491.603.42$58,436
Dec 20121884,89386.773.42$33,048
Nov 20121908,72586.953.62$48,148
Oct 20121969,67289.383.40$50,400
Sep 201218710,56794.672.92$48,542
Aug 201218811,63792.662.91$51,262
Jul 201217112,16085.133.02$51,290
Jun 201219113,43779.822.52$49,094
May 201237114,63991.612.49$70,414
Apr 2012015,491101.652.00$30,932
Mar 201218416,004105.052.22$54,891
Feb 2012010,173101.102.57$26,147
Jan 201201,41498.092.73$3,866
Dec 201105,32996.873.24$17,265
Nov 201102,66195.723.31$8,811
Oct 201105,03584.983.65$18,370
Sep 201106,88683.623.99$27,446
Aug 201106,79283.404.15$28,182
Jul 201107,04994.144.52$31,842
Jun 201103,14892.904.64$14,606
May 201103,79898.134.40$16,730
Apr 201104,785105.964.33$20,735
Mar 201101,82996.364.06$7,421
Feb 201106,02985.644.18$25,201
Jan 201108,84686.504.59$40,592
Dec 2010010,02785.734.35$43,595
Nov 201009,95980.843.80$37,798
Oct 201003,27878.103.51$11,502
Sep 2010953,81372.633.98$22,074
Aug 201005,60473.684.42$24,766
Jul 201005,70672.554.74$27,026
Jun 20101817,96870.364.91$51,861
May 2010010,47971.124.24$44,381
Apr 2010012,75781.694.12$52,593
Mar 2010012,02778.394.39$52,783
Feb 201009,75173.585.44$53,068
Jan 2010010,05674.365.96$59,975
Dec 2009010,69671.445.48$58,654
Nov 200908,48674.593.75$31,835
Oct 2009015,12872.544.11$62,180
Sep 2009011,74365.543.06$35,989
Aug 2009016,09567.423.22$51,802
Jul 2009012,79261.133.46$44,318
Jun 200918113,12966.163.90$63,112
May 200908,83154.743.93$34,668
Apr 2009017,37446.773.59$62,329
Mar 2009012,50342.144.06$50,750
Feb 200908,65032.814.63$40,075
Jan 200909,78835.865.37$52,571
Dec 2008014,03037.105.98$83,859
Nov 200818210,90555.496.86$84,911
Oct 2008021,29075.246.92$147,369
Sep 2008011,069101.767.88$87,192
Aug 200818218,427114.228.48$177,105
Jul 2008024,169131.0811.39$275,271
Jun 2008027,661131.3313.03$360,496
May 2008018,863123.1711.57$218,326
Apr 2008024,564110.3110.45$256,813
Mar 2008035,388101.909.66$341,992
Feb 2008037,73192.538.77$330,923
Jan 2008044,44690.388.21$364,712
Dec 200718356,66888.337.30$429,952
Nov 2007072,61691.677.29$529,494
Oct 2007183105,97382.856.92$748,705
Sep 2007384176,86775.846.24$1,133,508
Aug 2007013,40769.066.39$85,643

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate             1 bbl  × $106.41 =       $106
Gas                  264 Mcf  × $  3.05 =       $804

────────────────────────────────────────────────────
Month total                                     $911

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 10/G/231443 is the state's own key, not one this site invented.