STILES 18

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 240947District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.9 M
Jul 2008 – May 2026
Value, last 12 filed months
$119 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 Gas112008-12-12186921
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
CondensateDisposition21,316 bbl$1,629,857
GasProduction1,977,055 Mcf$8,270,307
Total$9,900,164

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

35.46028, -100.04750 · 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
16,625 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 16,625 ft.

Completions filed
May 2010
1 of 1 wells

1 well

42-48332599121816,625 ftMay 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 202691,626106.413.05$5,910
Apr 2026131,97198.932.87$6,942
Mar 2026122,27389.753.15$8,236
Feb 2026102,11463.503.75$8,563
Jan 2026131,92559.138.00$16,165
Dec 2025132,21856.664.41$10,525
Nov 20251362,20458.593.93$16,622
Oct 2025182,33559.383.30$8,786
Sep 2025132,31062.743.08$7,923
Aug 2025122,55263.933.01$8,461
Jul 2025812,37566.743.32$13,280
Jun 2025142,23266.483.13$7,914
May 2025182,33360.553.23$8,631
Apr 2025162,18962.363.54$8,754
Mar 2025102,32267.704.27$10,588
Feb 2025101,91870.884.34$9,035
Jan 20251132,15474.324.28$17,614
Dec 2024112,24568.993.12$7,766
Nov 2024162,22869.052.20$6,003
Oct 2024152,26671.372.28$6,240
Sep 2024862,22369.612.36$11,242
Aug 202492,27675.632.06$5,377
Jul 2024122,26179.932.15$5,813
Jun 202461,68778.082.63$4,912
May 20241282,16778.812.20$14,852
Apr 2024502,41184.451.66$8,223
Mar 2024142,57280.301.55$5,098
Feb 2024142,35176.091.78$5,259
Jan 2024111,95073.023.30$7,234
Dec 2023152,42271.262.61$7,392
Nov 2023202,48077.892.81$8,521
Oct 2023182,57785.443.09$9,494
Sep 20231572,52089.042.74$20,872
Aug 202392,63180.522.67$7,757
Jul 2023132,62974.852.64$7,918
Jun 2023112,54268.962.26$6,500
May 2023132,49370.622.23$6,471
Apr 2023102,49678.122.24$6,367
Mar 20231152,48172.852.39$14,315
Feb 2023112,28775.112.47$6,465
Jan 2023132,49176.533.39$9,434
Dec 2022142,55476.415.73$15,702
Nov 20221932,48285.005.65$30,419
Oct 2022133,56987.185.86$22,061
Sep 2022122,68084.888.16$22,897
Aug 202282,56994.529.13$24,204
Jul 202252,173101.587.54$16,897
Jun 202292,823115.097.98$23,555
May 2022112,898109.378.43$25,642
Apr 2022762,865104.226.84$27,510
Mar 202292,778108.885.08$15,082
Feb 2022132,44591.054.86$13,064
Jan 202292,90281.844.54$13,905
Dec 20212042,96671.323.90$26,114
Nov 2021152,84677.435.24$16,066
Oct 2021143,04079.795.71$18,487
Sep 2021102,94169.865.35$16,436
Aug 2021113,08966.024.22$13,764
Jul 2021113,09270.783.98$13,091
Jun 2021113,01869.493.38$10,967
May 20211902,94063.483.02$20,933
Apr 2021162,79760.362.76$8,681
Mar 2021163,30761.302.72$9,966
Feb 2021101,81557.805.55$10,648
Jan 2021172,97950.412.81$9,229
Dec 2020142,90244.642.68$8,389
Nov 202093,04238.772.71$8,582
Oct 2020103,32536.972.48$8,610
Sep 20201983,23937.091.99$13,793
Aug 202063,28639.982.39$8,077
Jul 202053,19838.371.83$6,029
Jun 202073,14434.901.69$5,559
May 202072,93716.921.81$5,448
Apr 202072,92114.751.80$5,374
Mar 202062,97530.341.86$5,704
Feb 20201742,83449.881.98$14,292
Jan 202063,05157.252.09$6,735
Dec 201983,04059.012.30$7,477
Nov 201972,98055.302.75$8,584
Oct 201983,08453.472.42$7,887
Sep 20191903,20555.052.66$18,976
Aug 201953,36853.112.30$8,027
Jul 201953,32556.272.46$8,461
Jun 201943,29452.782.49$8,417
May 201933,40758.482.74$9,512
Apr 201933,30962.632.75$9,290
Mar 201943,38856.803.06$10,602
Feb 20191972,95450.852.79$18,266
Jan 201943,28246.033.23$10,779
Dec 201843,34346.594.19$14,178
Nov 201853,18652.934.24$13,765
Oct 201843,63161.443.40$12,584
Sep 201843,60759.543.11$11,449
Aug 20181853,68059.403.07$22,274
Jul 201823,55565.142.93$10,553
Jun 201833,50260.183.08$10,956
May 201843,64065.382.90$10,820
Apr 201853,62263.842.90$10,826
Mar 20181873,76361.222.79$21,935
Feb 201843,83061.782.77$10,841
Jan 201854,18962.874.01$17,109
Dec 201754,62757.272.92$13,804
Nov 20171914,14755.423.12$23,517
Oct 201774,37649.292.98$13,402
Sep 201744,23547.523.09$13,265
Aug 201754,58845.373.00$14,011
Jul 201735,00543.873.09$15,583
Jun 201754,74442.493.09$14,859
May 201765,08445.373.26$16,863
Apr 201795,28447.933.21$17,401
Mar 20171965,96646.772.98$26,968
Feb 201795,35450.452.95$16,262
Jan 201766,15749.413.42$21,346
Dec 201655,90048.763.72$22,209
Nov 20161925,97842.492.64$23,966
Oct 201686,47446.193.09$20,376
Sep 20161906,53741.553.10$28,163
Aug 201636,47541.442.92$19,059
Jul 201626,42541.622.92$18,872
Jun 201636,28345.352.69$17,011
May 20161906,58042.521.99$21,180
Apr 2016116,41936.561.99$13,183
Mar 2016126,69333.011.79$12,403
Feb 20161946,38826.472.06$18,318
Jan 201696,69827.352.36$16,083
Dec 2015106,81332.362.00$13,959
Nov 20151966,87738.792.17$22,508
Oct 2015157,38543.552.43$18,574
Sep 201556,99342.992.76$19,505
Aug 20151897,55740.162.87$29,298
Jul 201527,56148.152.95$22,364
Jun 20151887,46756.152.88$32,083
May 201588,13355.212.96$24,478
Apr 201547,97849.822.71$21,792
Mar 20151898,33842.892.93$32,576
Feb 201507,68544.662.98$22,872
Jan 20151879,03043.433.10$36,120
Dec 201408,93654.693.59$32,092
Nov 20141939,14770.464.25$52,490
Oct 201409,80378.303.90$38,241
Sep 20141849,65886.164.05$54,924
Aug 201409,56389.394.04$38,588
Jul 20141919,41196.564.18$57,777
Jun 201407,94698.164.74$37,639
May 201408,88294.734.73$41,981
Apr 20142179,34495.944.81$65,755
Mar 201407,77695.895.06$39,322
Feb 20141958,19497.406.19$69,730
Jan 201409,41390.404.86$45,754
Dec 20132329,59291.824.35$63,070
Nov 20131919,60388.853.74$52,869
Oct 201337613,20297.423.78$86,525
Sep 201318813,215104.113.72$68,703
Aug 201318813,005104.253.52$65,411
Jul 201318312,799102.523.72$66,345
Jun 201319513,91194.403.93$73,126
May 201336414,33794.834.15$94,003
Apr 201338316,04193.964.28$104,684
Mar 201338519,95593.623.91$114,125
Feb 201318610,67991.233.42$53,490
Jan 2013112,99991.603.42$44,547
Dec 201219613,20486.773.42$62,167
Nov 201219313,31586.953.62$65,048
Oct 2012013,14589.383.40$44,689
Sep 201218911,16894.672.92$50,485
Aug 201218615,23192.662.91$61,529
Jul 201236915,23285.133.02$77,426
Jun 2012214,70679.822.52$37,205
May 201217715,89691.612.49$55,769
Apr 201219416,765101.652.00$53,196
Mar 2012015,449105.052.22$34,329
Feb 2012015,667101.102.57$40,268
Jan 201219318,65798.092.73$69,941
Dec 2011118,01396.873.24$58,454
Nov 2011318,95595.723.31$63,052
Oct 201137019,38684.983.65$102,173
Sep 201119119,34683.623.99$93,081
Aug 201138020,85683.404.15$118,230
Jul 201156221,78794.144.52$151,324
Jun 201118922,37492.904.64$121,371
May 201137223,87098.134.40$141,647
Apr 2011025,241105.964.33$109,376
Mar 201119522,75196.364.06$111,099
Feb 201137424,17485.644.18$133,076
Jan 201118429,60886.504.59$151,781
Dec 201075131,95285.734.35$203,303
Nov 201018234,30280.843.80$144,900
Oct 201057339,05578.103.51$181,791
Sep 201054333,45372.633.98$172,563
Aug 201087148,66073.684.42$279,221
Jul 20101,39062,20072.554.74$395,454
Jun 20101,26580,73470.364.91$485,442
May 201034620,56671.124.24$111,709
Apr 201008,97381.694.12$36,993
Mar 201009,64078.394.39$42,307
Feb 201009,09773.585.44$49,509
Jan 2010010,52174.365.96$62,748
Dec 2009010,97671.445.48$60,190
Nov 2009010,87974.593.75$40,813
Oct 2009012,00272.544.11$49,331
Sep 200917912,38865.543.06$49,698
Aug 2009013,69167.423.22$44,064
Jul 2009014,19961.133.46$49,192
Jun 2009015,12866.163.90$58,924
May 200918214,93354.743.93$68,586
Apr 2009014,89746.773.59$53,443
Mar 2009016,76942.144.06$68,065
Feb 200918515,95832.814.63$80,003
Jan 200918219,21835.865.37$109,746
Dec 2008022,04237.105.98$131,748
Nov 2008024,18555.496.86$165,918
Oct 200818530,68975.246.92$226,348
Sep 200819338,768101.767.88$325,019
Aug 200817559,733114.228.48$526,705
Jul 2008020,663131.0811.39$235,340

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             9 bbl  × $106.41 =       $958
Gas                1,626 Mcf  × $  3.05 =     $4,953

────────────────────────────────────────────────────
Month total                                   $5,910

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/240947 is the state's own key, not one this site invented.