STILES 68

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 238865District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.2 M
May 2008 – May 2026
Value, last 12 filed months
$190 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 Gas112008-11-24185979
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
CondensateDisposition17,710 bbl$1,500,394
GasProduction2,025,511 Mcf$10,693,554
Total$12,193,948

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 35.4351, -100.0475. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.43511, -100.04751 · 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
16,819 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 16,819 ft.

Completions filed
Jul 2012
1 of 1 wells

1 well

42-483325851468R16,819 ftJul 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 (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 2026173,783106.413.05$13,331
Apr 2026233,49598.932.87$12,305
Mar 2026224,47289.753.15$16,059
Feb 2026153,18763.503.75$12,905
Jan 20261993,43859.138.00$39,264
Dec 2025243,79656.664.41$18,113
Nov 2025234,24258.593.93$18,004
Oct 2025242,75259.383.30$10,520
Sep 2025223,88762.743.08$13,340
Aug 2025173,88663.933.01$12,802
Jul 2025152,67966.743.32$9,883
Jun 2025253,85466.483.13$13,720
May 20251283,30260.553.23$18,424
Apr 2025222,87662.363.54$11,562
Mar 2025132,93967.704.27$13,425
Feb 2025193,25370.884.34$15,467
Jan 2025193,94574.324.28$18,291
Dec 2024213,86768.993.12$13,519
Nov 2024983,75469.052.20$15,020
Oct 2024314,72071.372.28$12,981
Sep 2024152,93469.612.36$7,981
Aug 2024112,61975.632.06$6,237
Jul 2024152,80379.932.15$7,216
Jun 202492,72778.082.63$7,886
May 2024142,68678.812.20$7,008
Apr 2024152,76984.451.66$5,861
Mar 2024162,82480.301.55$5,648
Feb 2024203,16576.091.78$7,167
Jan 2024132,72773.023.30$9,942
Dec 2023182,96971.262.61$9,034
Nov 2023232,87377.892.81$9,858
Oct 2023192,78685.443.09$10,225
Sep 20231682,60389.042.74$22,078
Aug 202392,55080.522.67$7,541
Jul 2023132,68574.852.64$8,066
Jun 2023112,64368.962.26$6,728
May 2023162,91570.622.23$7,623
Apr 2023133,37978.122.24$8,577
Mar 2023143,58272.852.39$9,592
Feb 2023142,71875.112.47$7,753
Jan 2023163,13076.533.39$11,828
Dec 20221713,67976.415.73$34,143
Nov 2022153,59585.005.65$21,573
Oct 2022133,74487.185.86$23,087
Sep 2022173,93584.888.16$33,567
Aug 2022143,77894.529.13$35,806
Jul 202273,744101.587.54$28,949
Jun 2022103,497115.097.98$29,047
May 2022123,121109.378.43$27,632
Apr 2022833,450104.226.84$32,240
Mar 2022113,609108.885.08$19,518
Feb 2022183,36891.054.86$18,003
Jan 2022113,64881.844.54$17,454
Dec 20212084,26471.323.90$31,460
Nov 2021213,89277.435.24$22,008
Oct 2021194,26379.795.71$25,874
Sep 2021143,92769.865.35$21,991
Aug 2021153,88766.024.22$17,396
Jul 2021164,17270.783.98$17,746
Jun 2021164,24469.493.38$15,459
May 2021184,70963.483.02$15,353
Apr 20212144,45660.362.76$25,209
Mar 2021345,46361.302.72$16,927
Feb 2021163,89257.805.55$22,517
Jan 2021274,72950.412.81$14,651
Dec 2020254,85944.642.68$14,116
Nov 2020145,08738.772.71$14,311
Oct 20201784,70636.972.48$18,244
Sep 2020145,02037.091.99$10,514
Aug 2020115,42539.982.39$13,379
Jul 202095,12738.371.83$9,703
Jun 20201055,55634.901.69$13,056
May 2020125,32416.921.81$9,865
Apr 2020125,08714.751.80$9,356
Mar 2020105,08230.341.86$9,737
Feb 202084,40749.881.98$9,128
Jan 20202035,22757.252.09$22,571
Dec 2019155,63259.012.30$13,863
Nov 2019135,54955.302.75$15,983
Oct 2019104,90053.472.42$12,386
Sep 201904,59555.052.66$12,210
Aug 201905,17253.112.30$11,918
Jul 20191824,91956.272.46$22,342
Jun 201905,02852.782.49$12,526
May 201945,23358.482.74$14,574
Apr 201945,07462.632.75$14,208
Mar 201954,15356.803.06$13,001
Feb 201953,64750.852.79$10,437
Jan 20192015,27446.033.23$26,277
Dec 201865,01346.594.19$21,261
Nov 201884,87152.934.24$21,063
Oct 201865,42961.443.40$18,817
Sep 201854,75859.543.11$15,086
Aug 201834,70659.403.07$14,609
Jul 201834,75865.142.93$14,145
Jun 201844,73760.183.08$14,816
May 201854,84365.382.90$14,375
Apr 20181734,21163.842.90$23,260
Mar 201865,11861.222.79$14,630
Feb 201854,23861.782.77$12,032
Jan 201854,25262.874.01$17,362
Dec 201754,50457.272.92$13,445
Nov 201743,86555.423.12$12,274
Oct 201785,10649.292.98$15,629
Sep 201745,18747.523.09$16,204
Aug 20171935,47745.373.00$25,212
Jul 201735,29443.873.09$16,476
Jun 201744,13442.493.09$12,933
May 201765,29045.373.26$17,536
Apr 201785,37047.933.21$17,630
Mar 201774,61446.772.98$14,094
Feb 201753,30550.452.95$10,011
Jan 201732,00449.413.42$7,000
Dec 201654,69248.763.72$17,711
Nov 20161895,97542.492.64$23,831
Oct 201675,78946.193.09$18,213
Sep 201655,27541.553.10$16,564
Aug 201635,92741.442.92$17,457
Jul 20161896,05941.622.92$25,585
Jun 201635,96845.352.69$16,165
May 201676,09542.521.99$12,433
Apr 2016115,96636.561.99$12,281
Mar 20162006,24933.011.79$17,813
Feb 201665,57626.472.06$11,666
Jan 201685,50427.352.36$13,232
Dec 2015106,81132.362.00$13,955
Nov 20151986,54138.792.17$21,857
Oct 2015136,73043.552.43$16,897
Sep 201557,00842.992.76$19,546
Aug 201537,02940.162.87$20,311
Jul 20151857,03448.152.95$29,623
Jun 201547,14856.152.88$20,831
May 20151967,79455.212.96$33,856
Apr 201547,85049.822.71$21,446
Mar 20151918,76242.892.93$33,906
Feb 201508,21744.662.98$24,455
Jan 20151899,45343.433.10$37,519
Dec 201409,66454.693.59$34,707
Nov 201409,79470.464.25$41,643
Oct 201419011,48578.303.90$59,680
Sep 201419012,08486.164.05$65,256
Aug 2014015,46189.394.04$62,387
Jul 20141909,38096.564.18$57,551
Jun 201406,36898.164.74$30,164
May 20141866,62594.734.73$48,933
Apr 201406,87795.944.81$33,072
Mar 20141937,79795.895.06$57,935
Feb 201409,01297.406.19$55,802
Jan 20141947,68790.404.86$54,902
Dec 201320011,21991.824.35$67,217
Nov 201320010,93288.853.74$58,637
Oct 201339965197.423.78$41,331
Sep 2013215,795104.113.72$58,930
Aug 201338117,900104.253.52$102,774
Jul 201319214,432102.523.72$73,338
Jun 201319014,71994.403.93$75,832
May 201336415,22994.834.15$97,704
Apr 2013210,32093.964.28$44,384
Mar 201318910,18093.623.91$57,527
Feb 2013312,54891.233.42$43,187
Jan 201319915,13691.603.42$69,992
Dec 201237617,81986.773.42$93,569
Nov 201218620,04186.953.62$88,821
Oct 201256724,50789.383.40$133,994
Sep 201273933,46394.672.92$167,620
Aug 201254648,28592.662.91$191,013
Jul 201220111,38585.133.02$51,503
Jun 201202,57379.822.52$6,481
May 20121765,53991.612.49$29,906
Apr 201204,658101.652.00$9,301
Mar 201203,148105.052.22$6,995
Feb 201205,237101.102.57$13,460
Jan 201206,31098.092.73$17,252
Dec 201105,81096.873.24$18,823
Nov 2011010,95695.723.31$36,278
Oct 201105,47584.983.65$19,976
Sep 201106,75483.623.99$26,920
Aug 201104,65083.404.15$19,294
Jul 201104,71494.144.52$21,294
Jun 201104,79792.904.64$22,258
May 201105,64998.134.40$24,883
Apr 201108,501105.964.33$36,837
Mar 20111807,59596.364.06$48,160
Feb 201105,66785.644.18$23,688
Jan 201106,90986.504.59$31,704
Dec 201009,72085.734.35$42,260
Nov 201009,82880.843.80$37,301
Oct 2010010,40578.103.51$36,510
Sep 2010010,67772.633.98$42,489
Aug 201017210,29673.684.42$58,175
Jul 2010111,06672.554.74$52,487
Jun 2010012,34870.364.91$60,634
May 201018614,57771.124.24$74,965
Apr 2010015,01481.694.12$61,898
Mar 2010014,88578.394.39$65,325
Feb 201001,43973.585.44$7,832
Jan 2010016,02474.365.96$95,569
Dec 2009015,84971.445.48$86,912
Nov 200917215,13474.593.75$69,605
Oct 2009015,91672.544.11$65,419
Sep 200917916,58765.543.06$62,567
Aug 2009017,21067.423.22$55,390
Jul 2009015,09361.133.46$52,290
Jun 200917715,51166.163.90$72,126
May 2009017,72954.743.93$69,600
Apr 200917421,99146.773.59$87,031
Mar 200917123,62142.144.06$103,084
Feb 200917723,39632.814.63$114,201
Jan 2009028,22635.865.37$151,602
Dec 200840126,60137.105.98$173,875
Nov 2008035,74355.496.86$245,210
Oct 200818247,03075.246.92$339,234
Sep 200853756,911101.767.88$502,938
Aug 200868878,806114.228.48$747,096
Jul 20081,07795,185131.0811.39$1,225,276
Jun 20081,592139,306131.3313.03$2,024,601
May 2008043,751123.1711.57$506,387

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            17 bbl  × $106.41 =     $1,809
Gas                3,783 Mcf  × $  3.05 =    $11,522

────────────────────────────────────────────────────
Month total                                  $13,331

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/238865 is the state's own key, not one this site invented.