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 240874District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.1 M
Jul 2008 – May 2026
Value, last 12 filed months
$160 k
at the published price for each month
Months reported
215
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 Gas112008-12-12186922
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
CondensateDisposition20,294 bbl$1,551,041
GasProduction1,850,617 Mcf$7,513,329
Total$9,064,370

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 35.4723, -100.0876. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.47229, -100.08763 · 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
16,501 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 16,501 ft.

Completions filed
Nov 2010
1 of 1 wells

1 well

42-48332372401616,501 ftNov 2010

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 (215)

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

215 months

May 2026872,457106.413.05$16,741
Apr 2026182,61698.932.87$9,288
Mar 2026162,93089.753.15$10,664
Feb 20261202,70663.503.75$17,768
Jan 2026172,59959.138.00$21,792
Dec 2025162,88456.664.41$13,635
Nov 2025182,76658.593.93$11,915
Oct 2025232,92659.383.30$11,036
Sep 20251342,82762.743.08$17,106
Aug 2025153,32263.933.01$10,974
Jul 2025142,64966.743.32$9,716
Jun 2025162,58566.483.13$9,151
May 20251132,51960.553.23$14,984
Apr 2025151,99662.363.54$8,007
Mar 2025122,52967.704.27$11,607
Feb 2025122,29670.884.34$10,817
Jan 2025682,76974.324.28$16,901
Dec 2024142,91068.993.12$10,049
Nov 2024202,98369.052.20$7,939
Oct 2024213,04671.372.28$8,448
Sep 20241072,95369.612.36$14,430
Aug 2024133,20775.632.06$7,601
Jul 2024163,21279.932.15$8,174
Jun 20241352,43478.082.63$16,952
May 2024162,94478.812.20$7,733
Apr 2024183,23284.451.66$6,883
Mar 20241973,47780.301.55$21,192
Feb 2024193,23076.091.78$7,207
Jan 2024602,78373.023.30$13,559
Dec 2023213,47971.262.61$10,579
Nov 2023283,41177.892.81$11,758
Oct 2023243,48285.443.09$12,800
Sep 20231093,46289.042.74$19,174
Aug 2023133,80480.522.67$11,214
Jul 2023193,97074.852.64$11,910
Jun 20231183,74768.962.26$16,600
May 2023213,95470.622.23$10,290
Apr 20232043,77178.122.24$24,375
Mar 2023163,89172.852.39$10,477
Feb 2023173,56775.112.47$10,072
Jan 2023203,87676.533.39$14,661
Dec 20222133,84576.415.73$38,304
Nov 2022163,78985.005.65$22,753
Oct 2022184,88987.185.86$30,237
Sep 2022194,28384.888.16$36,578
Aug 2022184,67194.529.13$44,334
Jul 20221874,209101.587.54$50,740
Jun 2022124,197115.097.98$34,861
May 2022164,161109.378.43$36,840
Apr 20222004,156104.226.84$49,261
Mar 2022144,025108.885.08$21,957
Feb 2022224,23791.054.86$22,590
Jan 2022134,25281.844.54$20,358
Dec 20211394,41971.323.90$27,144
Nov 2021244,82977.435.24$27,147
Oct 2021204,63579.795.71$28,080
Sep 20211994,26169.865.35$36,702
Aug 2021174,62166.024.22$20,626
Jul 2021174,62570.783.98$19,620
Jun 2021174,44769.493.38$16,215
May 20212004,60363.483.02$26,586
Apr 2021254,30360.362.76$13,378
Mar 2021274,86561.302.72$14,873
Feb 2021164,12657.805.55$23,816
Jan 20212144,78250.412.81$24,226
Dec 2020234,68444.642.68$13,559
Nov 2020144,84838.772.71$13,664
Oct 2020155,05536.972.48$13,083
Sep 20201995,03237.091.99$17,400
Aug 2020105,22339.982.39$12,857
Jul 202095,12638.371.83$9,701
Jun 20201974,99934.901.69$15,325
May 2020114,92816.921.81$9,129
Apr 20201935,14014.751.80$12,121
Mar 2020115,35830.341.86$10,279
Feb 202095,06849.881.98$10,487
Jan 2020115,33957.252.09$11,814
Dec 2019145,43059.012.30$13,339
Nov 20192005,26155.302.75$25,531
Oct 2019135,55553.472.42$14,130
Sep 20191905,55255.052.66$25,213
Aug 201995,39953.112.30$12,919
Jul 201995,82056.272.46$14,824
Jun 20191975,63752.782.49$24,441
May 201955,78958.482.74$16,156
Apr 201945,58362.632.75$15,608
Mar 201965,47656.803.06$17,109
Feb 201964,91650.852.79$14,032
Jan 20191924,47946.033.23$23,297
Dec 201864,85046.594.19$20,579
Nov 201874,86452.934.24$20,980
Oct 201864,80461.443.40$16,693
Sep 201854,76959.543.11$15,120
Aug 201845,41359.403.07$16,837
Jul 201835,28865.142.93$15,699
Jun 201845,55060.183.08$17,318
May 201865,34265.382.90$15,888
Apr 201875,66963.842.90$16,892
Mar 201886,12261.222.79$17,551
Feb 201864,81461.782.77$13,687
Jan 201865,85362.874.01$23,844
Dec 201776,05457.272.92$18,088
Nov 20171946,06155.423.12$29,652
Oct 2017106,43749.292.98$19,699
Sep 201756,33647.523.09$19,799
Aug 201776,37345.373.00$19,465
Jul 201746,81743.873.09$21,221
Jun 20171866,69142.493.09$28,560
May 201787,11745.373.26$23,589
Apr 2017127,40047.933.21$24,341
Mar 20172067,49646.772.98$32,000
Feb 20171996,79750.452.95$30,108
Jan 201787,54749.413.42$26,197
Dec 201667,65348.763.72$28,783
Nov 201666,06342.492.64$16,288
Oct 201697,16646.193.09$22,561
Sep 201667,13441.553.10$22,369
Aug 20161767,67941.442.92$29,749
Jul 201627,84541.622.92$23,025
Jun 20161837,66245.352.69$28,878
May 20161947,83242.521.99$23,843
Apr 2016137,63836.561.99$15,683
Mar 2016137,03333.011.79$13,046
Feb 20161987,83426.472.06$21,408
Jan 2016117,81527.352.36$18,778
Dec 2015138,57132.362.00$17,575
Nov 20152058,24038.792.17$25,811
Oct 2015178,65243.552.43$21,735
Sep 201568,41242.992.76$23,462
Aug 20151898,76340.162.87$32,762
Jul 201528,79848.152.95$26,007
Jun 20151938,54656.152.88$35,474
May 20153889,05755.212.96$48,189
Apr 201548,62549.822.71$23,543
Mar 201508,95842.892.93$26,289
Feb 20151958,37344.662.98$33,628
Jan 201507,62343.433.10$23,636
Dec 201408,43354.693.59$30,286
Nov 20141913,63770.464.25$28,922
Oct 201407,67978.303.90$29,955
Sep 20141957,86386.164.05$48,610
Aug 201408,29389.394.04$33,463
Jul 20141878,75796.564.18$54,657
Jun 201408,05998.164.74$38,175
May 20141778,86094.734.73$58,645
Apr 20143748,52995.944.81$76,899
Mar 201409,33595.895.06$47,205
Feb 201408,62997.406.19$53,431
Jan 201409,70190.404.86$47,154
Dec 2013929,58891.824.35$50,198
Nov 20132869,69288.853.74$61,643
Oct 20131989,68997.423.78$55,907
Sep 201329,553104.113.72$35,724
Aug 201349,522104.253.52$33,959
Jul 201318210,312102.523.72$56,996
Jun 2013210,02494.403.93$39,617
May 201318310,33194.834.15$60,218
Apr 2013011,06993.964.28$47,404
Mar 201319112,42393.623.91$66,491
Feb 201318811,57891.233.42$56,747
Jan 2013412,11391.603.42$41,792
Dec 201212413,22086.773.42$55,974
Nov 201219513,03786.953.62$64,214
Oct 2012013,45489.383.40$45,739
Sep 201219013,43094.672.92$57,181
Aug 201218314,28392.662.91$58,494
Jul 201219014,30285.133.02$59,378
Jun 201218614,35879.822.52$51,015
May 201217915,41491.612.49$54,753
Apr 201219114,798101.652.00$48,964
Mar 201218614,587105.052.22$51,953
Feb 201219114,286101.102.57$56,029
Jan 201219816,00998.092.73$63,192
Dec 201119216,51796.873.24$72,110
Nov 201119016,32095.723.31$72,227
Oct 201119217,20284.983.65$79,078
Sep 201118116,98483.623.99$82,830
Aug 201136319,76283.404.15$112,273
Jul 201139514,33294.144.52$101,926
Jun 201117318,25592.904.64$100,773
May 201136919,88398.134.40$123,791
Apr 201118420,407105.964.33$107,926
Mar 201138622,93396.364.06$130,242
Feb 201137728,46185.644.18$151,253
Jan 201118825,39686.504.59$132,799
Dec 201091442,26185.734.35$262,097
Nov 201060657,17880.843.80$265,998
Oct 20101875,36578.103.51$33,430
Sep 201008,45772.633.98$33,654
Aug 20101788,99273.684.42$52,854
Jul 201018,96472.554.74$42,530
Jun 201019,04670.364.91$44,490
May 201009,61471.124.24$40,717
Apr 201009,75281.694.12$40,204
Mar 2010010,54678.394.39$46,283
Feb 201009,39773.585.44$51,142
Jan 2010010,38174.365.96$61,913
Dec 2009011,24071.445.48$61,637
Nov 2009011,28074.593.75$42,317
Oct 2009012,15972.544.11$49,977
Sep 200911312,40865.543.06$45,433
Aug 2009013,54567.423.22$43,595
Jul 2009013,60061.133.46$47,117
Jun 200917813,71266.163.90$65,185
May 2009014,97054.743.93$58,768
Apr 2009015,46246.773.59$55,470
Mar 200918217,17142.144.06$77,367
Feb 200917415,53832.814.63$77,696
Jan 200936916,70035.865.37$102,928
Dec 2008018,88137.105.98$112,854
Nov 200818720,23255.496.86$149,175
Oct 200816123,08675.246.92$171,914
Sep 200854325,863101.767.88$258,981
Aug 200837432,712114.228.48$320,215
Jul 200835447,242131.0811.39$584,462

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            87 bbl  × $106.41 =     $9,258
Gas                2,457 Mcf  × $  3.05 =     $7,484

────────────────────────────────────────────────────
Month total                                  $16,741

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/240874 is the state's own key, not one this site invented.