STILES 1

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 238623District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.5 M
May 2008 – May 2026
Value, last 12 filed months
$34 k
at the published price for each month
Months reported
217
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 Gas222008-11-21 – 2009-11-202 dockets
NGPA2none

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
CondensateDisposition5,694 bbl$457,420
GasProduction534,214 Mcf$3,052,975
Total$3,510,395

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 35.4312, -100.0830. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.43120, -100.08301 · 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
16,785 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 16,785 ft.

Completions filed
Sep 2009
1 of 1 wells

1 well

42-48332531110116,785 ftSep 2009

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 (217)

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

217 months

May 20263631106.413.05$2,241
Apr 2026468598.932.87$2,361
Mar 2026474589.753.15$2,705
Feb 2026366363.503.75$2,677
Jan 2026464859.138.00$5,419
Dec 2025472556.664.41$3,426
Nov 2025568758.593.93$2,990
Oct 2025674459.383.30$2,815
Sep 2025471162.743.08$2,439
Aug 2025379163.933.01$2,576
Jul 2025355566.743.32$2,040
Jun 2025456266.483.13$2,024
May 2025569460.553.23$2,546
Apr 2025567462.363.54$2,700
Mar 2025368067.704.27$3,106
Feb 2025358070.884.34$2,730
Jan 2025469074.324.28$3,250
Dec 2024474568.993.12$2,601
Nov 2024580969.052.20$2,124
Oct 2024579771.372.28$2,175
Sep 2024478969.612.36$2,144
Aug 2024375275.632.06$1,779
Jul 2024481879.932.15$2,076
Jun 2024260178.082.63$1,739
May 2024471178.812.20$1,878
Apr 2024477784.451.66$1,627
Mar 2024583180.301.55$1,686
Feb 2024574576.091.78$1,709
Jan 2024361573.023.30$2,247
Dec 2023580871.262.61$2,466
Nov 2023678677.892.81$2,674
Oct 2023683385.443.09$3,084
Sep 2023477389.042.74$2,470
Aug 2023380380.522.67$2,388
Jul 2023481374.852.64$2,447
Jun 2023376268.962.26$1,928
May 2023472870.622.23$1,904
Apr 2023249278.122.24$1,257
Mar 2023250372.852.39$1,349
Feb 2023246375.112.47$1,292
Jan 2023350976.533.39$1,954
Dec 2022350976.415.73$3,145
Nov 2022252585.005.65$3,134
Oct 2022377787.185.86$4,818
Sep 2022359684.888.16$5,120
Aug 2022262994.529.13$5,930
Jul 20221629101.587.54$4,846
Jun 20222610115.097.98$5,096
May 20222611109.378.43$5,371
Apr 20221577104.226.84$4,050
Mar 20221591108.885.08$3,109
Feb 2022345491.054.86$2,479
Jan 2022275581.844.54$3,590
Dec 2021476871.323.90$3,280
Nov 2021473477.435.24$4,154
Oct 2021375379.795.71$4,542
Sep 2021029769.865.35$1,589
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 2020263837.091.99$1,344
Aug 2020155839.982.39$1,371
Jul 2020147838.371.83$911
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 201904453.112.30$101
Jul 201905856.272.46$143
Jun 2019172252.782.49$1,851
May 2019058558.482.74$1,603
Apr 2019151562.632.75$1,479
Mar 2019155956.803.06$1,769
Feb 2019146050.852.79$1,335
Jan 2019156446.033.23$1,867
Dec 2018138646.594.19$1,662
Nov 2018147452.934.24$2,061
Oct 2018149561.443.40$1,743
Sep 2018045259.543.11$1,405
Aug 2018031259.403.07$957
Jul 2018023965.142.93$701
Jun 201818660.183.08$325
May 2018169265.382.90$2,073
Apr 201818569863.842.90$13,835
Mar 2018167561.222.79$1,942
Feb 2018052061.782.77$1,438
Jan 201809662.874.01$385
Dec 2017158857.272.92$1,775
Nov 2017164355.423.12$2,061
Oct 2017167949.292.98$2,075
Sep 2017168947.523.09$2,175
Aug 2017191645.373.00$2,797
Jul 201711,35143.873.09$4,215
Jun 201711,12442.493.09$3,513
May 201711,09745.373.26$3,625
Apr 201721,04447.933.21$3,449
Mar 201721,12046.772.98$3,435
Feb 201711,14150.452.95$3,419
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 2016166642.492.64$1,804
Oct 201621,26246.193.09$3,992
Sep 201611,26241.553.10$3,955
Aug 201611,30041.442.92$3,843
Jul 2016089841.622.92$2,626
Jun 2016022345.352.69$599
May 201618865842.521.99$9,304
Apr 2016013336.561.99$265
Mar 2016014533.011.79$260
Feb 2016018926.472.06$390
Jan 2016143627.352.36$1,058
Dec 2015184432.362.00$1,722
Nov 201521,09738.792.17$2,455
Oct 201521,18643.552.43$2,965
Sep 2015184842.992.76$2,382
Aug 201501,07940.162.87$3,099
Jul 2015079748.152.95$2,347
Jun 2015084656.152.88$2,439
May 2015186355.212.96$2,606
Apr 201518580749.822.71$11,401
Mar 2015082142.892.93$2,409
Feb 2015080344.662.98$2,390
Jan 2015030843.433.10$955
Dec 2014072954.693.59$2,618
Nov 2014076770.464.25$3,261
Oct 2014077378.303.90$3,015
Sep 2014069386.164.05$2,803
Aug 2014077889.394.04$3,139
Jul 2014091796.564.18$3,833
Jun 201401,03098.164.74$4,879
May 2014096694.734.73$4,566
Apr 2014097695.944.81$4,694
Mar 201401,00095.895.06$5,057
Feb 2014059597.406.19$3,684
Jan 201419232290.404.86$18,922
Dec 201317665691.824.35$19,017
Nov 201301,21588.853.74$4,542
Oct 20131851,40297.423.78$23,321
Sep 201301,266104.113.72$4,707
Aug 20130948104.253.52$3,339
Jul 201301,404102.523.72$5,220
Jun 20131852,29094.403.93$26,472
May 201312,92494.834.15$12,227
Apr 201301,18293.964.28$5,062
Mar 201311,53893.623.91$6,112
Feb 201332,02791.233.42$7,206
Jan 20131781,78691.603.42$22,413
Dec 201232,02486.773.42$7,183
Nov 201251,85586.953.62$7,159
Oct 201202,20189.383.40$7,483
Sep 201212,36594.672.92$6,997
Aug 201232,46892.662.91$7,455
Jul 20121882,73885.133.02$24,275
Jun 201222,79679.822.52$7,203
May 201213,05991.612.49$7,703
Apr 201202,212101.652.00$4,417
Mar 20121841,283105.052.22$22,180
Feb 201202,959101.102.57$7,605
Jan 201202,22398.092.73$6,078
Dec 201101,63096.873.24$5,281
Nov 20111862,38895.723.31$25,711
Oct 201112,49784.983.65$9,195
Sep 201112,73583.623.99$10,985
Aug 20111823,81583.404.15$31,008
Jul 201103,87794.144.52$17,513
Jun 201102,74792.904.64$12,746
May 20111914,06598.134.40$36,648
Apr 201103,365105.964.33$14,581
Mar 201105,78996.364.06$23,488
Feb 201105,83685.644.18$24,394
Jan 201106,15486.504.59$28,239
Dec 20103466,06485.734.35$56,027
Nov 201015,89880.843.80$22,466
Oct 20101817,86478.103.51$41,730
Sep 201087,63272.633.98$30,952
Aug 20103527,90973.684.42$60,888
Jul 201057,88972.554.74$37,729
Jun 201088,25170.364.91$41,079
May 20101778,86271.124.24$50,121
Apr 201009,21381.694.12$37,982
Mar 20103419,62978.394.39$68,989
Feb 201018110,03373.585.44$67,921
Jan 201018012,95674.365.96$90,656
Dec 200936715,42171.445.48$110,783
Nov 200935416,25674.593.75$87,389
Oct 200935324,05172.544.11$124,462
Sep 200905,04765.543.06$15,468
Aug 200903,20267.423.22$10,306
Jul 200903,09261.133.46$10,712
Jun 200904,91666.163.90$19,148
May 200906,05254.743.93$23,759
Apr 200907,49546.773.59$26,888
Mar 200908,19142.144.06$33,247
Feb 200906,84532.814.63$31,713
Jan 200908,77335.865.37$47,120
Dec 200809,18537.105.98$54,900
Nov 2008010,27255.496.86$70,470
Oct 2008012,06575.246.92$83,514
Sep 2008010,822101.767.88$85,246
Aug 2008011,701114.228.48$99,260
Jul 2008018,437131.0811.39$209,987
Jun 2008030,729131.3313.03$400,480
May 200817741,485123.1711.57$501,961

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             3 bbl  × $106.41 =       $319
Gas                  631 Mcf  × $  3.05 =     $1,922

────────────────────────────────────────────────────
Month total                                   $2,241

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/238623 is the state's own key, not one this site invented.