STILES 16

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 239388District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.9 M
May 2008 – May 2026
Value, last 12 filed months
$142 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 Gas112008-10-30186523
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
CondensateDisposition11,388 bbl$838,662
GasProduction2,094,515 Mcf$10,093,330
Total$10,931,992

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 35.4603, -100.0927. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.46032, -100.09272 · 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
16,618 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 16,618 ft.

Completions filed
Jun 2012
1 of 1 wells

1 well

42-48332478601616,618 ftJun 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 2026112,078106.413.05$7,500
Apr 2026142,28198.932.87$7,931
Mar 20261062,48289.753.15$17,330
Feb 2026112,24963.503.75$9,133
Jan 2026152,26959.138.00$19,034
Dec 2025142,39456.664.41$11,359
Nov 2025162,52058.593.93$10,832
Oct 20251092,69959.383.30$15,392
Sep 2025152,60762.743.08$8,963
Aug 2025143,05763.933.01$10,111
Jul 2025992,72966.743.32$15,654
Jun 2025162,59566.483.13$9,183
May 2025202,58960.553.23$9,579
Apr 2025192,50162.363.54$10,046
Mar 2025132,85967.704.27$13,083
Feb 2025122,35970.884.34$11,091
Jan 2025142,71874.324.28$12,670
Dec 20241822,73068.993.12$21,078
Nov 2024202,82369.052.20$7,587
Oct 2024192,87171.372.28$7,906
Sep 2024152,74569.612.36$7,534
Aug 2024122,83075.632.06$6,748
Jul 2024152,99879.932.15$7,634
Jun 2024662,11878.082.63$10,732
May 2024132,62878.812.20$6,802
Apr 2024152,71884.451.66$5,776
Mar 20241342,95780.301.55$15,329
Feb 2024152,53876.091.78$5,668
Jan 2024112,15573.023.30$7,910
Dec 2023182,75771.262.61$8,480
Nov 20231162,92277.892.81$17,239
Oct 2023202,89985.443.09$10,659
Sep 2023132,81289.042.74$8,848
Aug 2023113,24380.522.67$9,554
Jul 2023163,34674.852.64$10,037
Jun 2023123,03468.962.26$7,680
May 2023183,43870.622.23$8,929
Apr 20231932,97178.122.24$21,726
Mar 2023143,33172.852.39$8,992
Feb 2023152,95375.112.47$8,408
Jan 2023153,06676.533.39$11,535
Dec 2022162,99176.415.73$18,358
Nov 2022122,85585.005.65$17,140
Oct 20221632,86787.185.86$31,022
Sep 2022163,56984.888.16$30,494
Aug 2022143,52294.529.13$33,469
Jul 202273,521101.587.54$27,267
Jun 2022103,316115.097.98$27,603
May 2022953,114109.378.43$36,651
Apr 202283,059104.226.84$21,750
Mar 2022103,276108.885.08$17,719
Feb 2022162,89891.054.86$15,538
Jan 20222063,50981.844.54$32,782
Dec 2021183,72271.323.90$15,796
Nov 2021193,62377.435.24$20,444
Oct 2021163,52179.795.71$21,395
Sep 2021133,46369.865.35$19,438
Aug 2021133,62066.024.22$16,137
Jul 2021133,63570.783.98$15,395
Jun 20211943,40369.493.38$24,985
May 2021133,48663.483.02$11,345
Apr 2021203,54160.362.76$10,975
Mar 2021233,70361.302.72$11,471
Feb 2021123,40057.805.55$19,557
Jan 2021223,79350.412.81$11,768
Dec 20202093,69944.642.68$19,226
Nov 2020113,72538.772.71$10,508
Oct 2020113,97036.972.48$10,246
Sep 20201173,58037.091.99$11,467
Aug 202083,76139.982.39$9,290
Jul 202084,86438.371.83$9,184
Jun 202093,85734.901.69$6,834
May 20201964,21216.921.81$10,960
Apr 2020124,52414.751.80$8,340
Mar 2020105,34230.341.86$10,219
Feb 202083,99349.881.98$8,308
Jan 2020115,18157.252.09$11,483
Dec 2019145,28059.012.30$12,993
Nov 2019135,69855.302.75$16,392
Oct 2019145,86453.472.42$14,931
Sep 20191305,97855.052.66$23,042
Aug 2019106,28853.112.30$15,021
Jul 201996,23356.272.46$15,840
Jun 20191876,13552.782.49$25,153
May 201956,62358.482.74$18,442
Apr 201956,72662.632.75$18,814
Mar 201987,77756.803.06$24,268
Feb 201976,54350.852.79$18,625
Jan 201987,37146.033.23$24,163
Dec 201877,57946.594.19$32,048
Nov 201896,70252.934.24$28,874
Oct 20181897,48161.443.40$37,033
Sep 201877,17259.543.11$22,707
Aug 201847,96659.403.07$24,666
Jul 201824,29365.142.93$12,717
Jun 201833,58560.183.08$11,211
May 201876,36665.382.90$18,924
Apr 20181945,37963.842.90$27,988
Mar 2018119,43861.222.79$26,976
Feb 201877,16561.782.77$20,252
Jan 201855,07762.874.01$20,670
Dec 201775,91657.272.92$17,685
Nov 201767,08255.423.12$22,417
Oct 201786,17749.292.98$18,825
Sep 201733,62147.523.09$11,322
Aug 201754,95145.373.00$15,102
Jul 201734,97043.873.09$15,475
Jun 201756,40542.493.09$19,986
May 201776,31745.373.26$20,932
Apr 201795,98347.933.21$19,646
Mar 2017107,20746.772.98$21,971
Feb 2017106,30950.452.95$19,132
Jan 201777,06549.413.42$24,500
Dec 201667,80748.763.72$29,357
Nov 201676,22542.492.64$16,759
Oct 201619310,55846.193.09$41,542
Sep 201667,59041.553.10$23,783
Aug 201648,45841.442.92$24,900
Jul 201628,15541.622.92$23,931
Jun 201647,95445.352.69$21,544
May 20161897,85642.521.99$23,678
Apr 2016127,41736.561.99$15,206
Mar 20162037,65133.011.79$20,427
Feb 201677,67526.472.06$16,024
Jan 2016118,40527.352.36$20,173
Dec 20151958,65932.362.00$23,640
Nov 2015137,87338.792.17$17,568
Oct 2015158,63043.552.43$21,595
Sep 20151887,52342.992.76$28,834
Aug 201537,58240.162.87$21,900
Jul 201517,39148.152.95$21,815
Jun 201548,50556.152.88$24,743
May 20151949,19855.212.96$37,895
Apr 201549,07349.822.71$24,756
Mar 20151899,46942.892.93$35,895
Feb 201508,85244.662.98$26,345
Jan 201509,24943.433.10$28,678
Dec 201438810,09854.693.59$57,485
Nov 201404,96970.464.25$21,127
Oct 2014010,38978.303.90$40,527
Sep 2014010,33186.164.05$41,793
Aug 2014010,32089.394.04$41,642
Jul 2014010,41796.564.18$43,539
Jun 201438010,61598.164.74$87,583
May 2014011,44894.734.73$54,110
Apr 201418411,24895.944.81$71,746
Mar 2014011,56495.895.06$58,477
Feb 201409,95397.406.19$61,629
Jan 2014011,34290.404.86$55,130
Dec 201361612,16891.824.35$109,546
Nov 201315411,64488.853.74$57,211
Oct 201318413,12097.423.78$67,510
Sep 2013013,063104.113.72$48,565
Aug 201318513,693104.253.52$67,521
Jul 2013014,100102.523.72$52,420
Jun 2013014,08194.403.93$55,386
May 2013015,91594.834.15$66,033
Apr 2013016,08793.964.28$68,894
Mar 201319017,95993.623.91$88,059
Feb 2013011,73191.233.42$40,119
Jan 2013013,19691.603.42$45,129
Dec 201237515,12286.773.42$84,258
Nov 201219015,71386.953.62$73,480
Oct 201219817,64189.383.40$77,671
Sep 201236919,88294.672.92$92,957
Aug 201237724,97192.662.91$107,552
Jul 201220234,12185.133.02$120,269
Jun 201219013,60079.822.52$49,425
May 201205,43291.612.49$13,517
Apr 201207,608101.652.00$15,192
Mar 201208,765105.052.22$19,477
Feb 201209,035101.102.57$23,222
Jan 201208,63198.092.73$23,598
Dec 201119,04796.873.24$29,407
Nov 201109,26695.723.31$30,682
Oct 201118610,45884.983.65$53,963
Sep 2011110,09683.623.99$40,324
Aug 2011110,77383.404.15$44,784
Jul 201109,27894.144.52$41,911
Jun 201109,54792.904.64$44,297
May 2011010,40498.134.40$45,828
Apr 2011010,374105.964.33$44,953
Mar 2011011,11696.364.06$45,101
Feb 201109,41685.644.18$39,359
Jan 2011011,57186.504.59$53,097
Dec 2010011,79185.734.35$51,264
Nov 2010012,07380.843.80$45,821
Oct 2010012,87778.103.51$45,184
Sep 2010112,69772.633.98$50,600
Aug 2010013,55573.684.42$59,904
Jul 2010113,59472.554.74$64,460
Jun 2010014,03370.364.91$68,908
May 201017714,71971.124.24$74,926
Apr 2010015,33681.694.12$63,226
Mar 2010015,91578.394.39$69,846
Feb 2010014,45773.585.44$78,680
Jan 2010017,30274.365.96$103,191
Dec 2009018,23171.445.48$99,974
Nov 2009016,87074.593.75$63,288
Oct 2009018,13672.544.11$74,543
Sep 2009018,33165.543.06$56,180
Aug 200917019,68967.423.22$74,830
Jul 2009019,61661.133.46$67,960
Jun 2009019,49466.163.90$75,929
May 2009021,45954.743.93$84,243
Apr 200916722,24146.773.59$87,600
Mar 2009024,83242.144.06$100,793
Feb 2009024,22432.814.63$112,230
Jan 200917829,37935.865.37$164,178
Dec 2008032,43037.105.98$193,839
Nov 200818335,38555.496.86$252,909
Oct 2008041,36475.246.92$286,321
Sep 200816648,400101.767.88$398,143
Aug 200835561,749114.228.48$564,366
Jul 2008072,171131.0811.39$821,987
Jun 200817978,956131.3313.03$1,052,512
May 2008043,430123.1711.57$502,671

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            11 bbl  × $106.41 =     $1,171
Gas                2,078 Mcf  × $  3.05 =     $6,329

────────────────────────────────────────────────────
Month total                                   $7,500

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/239388 is the state's own key, not one this site invented.