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 242354District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.7 M
May 2008 – May 2026
Value, last 12 filed months
$58 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 Gas112009-01-13187832
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
CondensateDisposition19,253 bbl$1,509,625
GasProduction1,850,033 Mcf$10,183,757
Total$11,693,382

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 35.4664, -100.0563. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.46636, -100.05634 · 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
16,550 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 16,550 ft.

Completions filed
Jun 2010
1 of 1 wells

1 well

42-48332480111816,550 ftJun 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 (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 20263682106.413.05$2,396
Apr 2026581998.932.87$2,845
Mar 202661,03089.753.15$3,782
Feb 202651,09563.503.75$4,424
Jan 202691,42659.138.00$11,937
Dec 2025951,02656.664.41$9,911
Nov 2025492058.593.93$3,847
Oct 2025689559.383.30$3,314
Sep 2025469862.743.08$2,399
Aug 2025245863.933.01$1,509
Jul 2025477966.743.32$2,850
Jun 20258697966.483.13$8,780
May 2025895460.553.23$3,568
Apr 202591,18062.363.54$4,742
Mar 202571,45067.704.27$6,663
Feb 202551,02470.884.34$4,799
Jan 202571,26474.324.28$5,928
Dec 202471,44668.993.12$4,996
Nov 2024101,40169.052.20$3,771
Oct 2024101,51771.372.28$4,175
Sep 202491,73369.612.36$4,724
Aug 202492,04175.632.06$4,893
Jul 2024101,94879.932.15$4,981
Jun 202461,71978.082.63$4,996
May 2024811,89178.812.20$10,541
Apr 2024101,81084.451.66$3,848
Mar 2024111,93780.301.55$3,876
Feb 2024131,91876.091.78$4,410
Jan 2024102,34673.023.30$8,467
Dec 2023132,06371.262.61$6,312
Nov 2023182,25277.892.81$7,725
Oct 2023162,29185.443.09$8,440
Sep 202392,00689.042.74$6,288
Aug 202351,67580.522.67$4,880
Jul 2023351,12774.852.64$5,597
Jun 2023379468.962.26$2,000
May 2023587170.622.23$2,293
Apr 202361,28378.122.24$3,340
Mar 202391,97472.852.39$5,380
Feb 20231151,33275.112.47$11,922
Jan 202371,38876.533.39$5,238
Dec 2022591,48876.415.73$13,033
Nov 202271,58085.005.65$9,516
Oct 202261,78087.185.86$10,961
Sep 202281,81484.888.16$15,488
Aug 202271,82594.529.13$17,319
Jul 202241,998101.587.54$15,475
Jun 202261,982115.097.98$16,501
May 202282,048109.378.43$18,146
Apr 202252,043104.226.84$14,490
Mar 20221922,052108.885.08$31,322
Feb 2022101,79391.054.86$9,622
Jan 202272,24981.844.54$10,778
Dec 2021112,28971.323.90$9,710
Nov 2021132,40477.435.24$13,596
Oct 2021112,55979.795.71$15,499
Sep 202192,51269.865.35$14,070
Aug 2021102,63966.024.22$11,798
Jul 2021112,82370.783.98$12,020
Jun 2021112,83969.493.38$10,362
May 2021102,87563.483.02$9,311
Apr 2021162,77460.362.76$8,618
Mar 20212043,18061.302.72$21,145
Feb 202192,38557.805.55$13,752
Jan 2021172,88750.412.81$8,970
Dec 2020142,74844.642.68$7,977
Nov 202093,06138.772.71$8,634
Oct 202093,25836.972.48$8,407
Sep 202093,26937.091.99$6,843
Aug 202073,45439.982.39$8,518
Jul 202063,49338.371.83$6,605
Jun 20201893,40434.901.69$12,350
May 202083,48816.921.81$6,465
Apr 202083,39614.751.80$6,246
Mar 202073,48830.341.86$6,687
Feb 202063,11249.881.98$6,463
Jan 202073,24657.252.09$7,200
Dec 201972,73459.012.30$6,713
Nov 20191791,61955.302.75$14,352
Oct 201931,40653.472.42$3,561
Sep 201921,37655.052.66$3,767
Aug 201922,07153.112.30$4,879
Jul 201911,09656.272.46$2,753
Jun 201911,59752.782.49$4,031
May 201912,03858.482.74$5,643
Apr 201922,71162.632.75$7,582
Mar 201922,87756.803.06$8,923
Feb 201922,29850.852.79$6,518
Jan 201911,35046.033.23$4,404
Dec 201818152846.594.19$10,643
Nov 201832,83752.934.24$12,180
Oct 201833,14061.443.40$10,854
Sep 201833,37759.543.11$10,674
Aug 201823,86859.403.07$11,980
Jul 201824,76765.142.93$14,107
Jun 201823,89360.183.08$12,099
May 20181833,95465.382.90$23,434
Apr 201833,18163.842.90$9,419
Mar 201833,28561.222.79$9,338
Feb 201832,82061.782.77$7,986
Jan 201833,64562.874.01$14,803
Dec 201743,72057.272.92$11,097
Nov 20171863,97555.423.12$22,704
Oct 201753,88249.292.98$11,829
Sep 201733,99847.523.09$12,486
Aug 201744,26245.373.00$12,986
Jul 201724,98943.873.09$15,490
Jun 201734,12042.493.09$12,847
May 20171894,47845.373.26$23,188
Apr 201764,68347.933.21$15,328
Mar 201764,69946.772.98$14,301
Feb 201764,53450.452.95$13,690
Jan 201755,49449.413.42$19,030
Dec 20161934,40448.763.72$25,806
Nov 201655,76142.492.64$15,447
Oct 201665,80146.193.09$18,204
Sep 201645,63941.553.10$17,651
Aug 201635,97241.442.92$17,588
Jul 20161866,24641.622.92$26,007
Jun 201636,04945.352.69$16,383
May 201666,27442.521.99$12,747
Apr 20161995,90136.561.99$19,025
Mar 201695,51033.011.79$10,182
Feb 201655,60326.472.06$11,695
Jan 20161975,91327.352.36$19,368
Dec 201586,35432.362.00$12,976
Nov 20151926,18538.792.17$20,853
Oct 2015116,31443.552.43$15,800
Sep 201546,03042.992.76$16,805
Aug 20151836,05540.162.87$24,742
Jul 201516,01248.152.95$17,754
Jun 201535,94156.152.88$17,296
May 20151936,84055.212.96$30,871
Apr 201536,58949.822.71$17,983
Mar 201506,82642.892.93$20,032
Feb 20151936,32944.662.98$27,456
Jan 201506,54143.433.10$20,281
Dec 20141956,67854.693.59$34,648
Nov 201407,07470.464.25$30,078
Oct 20141783,32378.303.90$26,900
Sep 20141237,15686.164.05$39,547
Aug 201403,66989.394.04$14,805
Jul 201404,65496.564.18$19,452
Jun 20141844,58598.164.74$39,780
May 201405,36894.734.73$25,372
Apr 201405,36595.944.81$25,801
Mar 20141944,84795.895.06$43,113
Feb 201403,97397.406.19$24,601
Jan 201404,83190.404.86$23,482
Dec 2013445,41391.824.35$27,611
Nov 20133827,34988.853.74$61,413
Oct 201326,53397.423.78$24,885
Sep 201305,646104.113.72$20,990
Aug 20131839,213104.253.52$51,532
Jul 20133719,825102.523.72$74,562
Jun 20131898,24694.403.93$50,277
May 201319,27994.834.15$38,594
Apr 20131869,52093.964.28$58,247
Mar 201319311,22393.623.91$61,983
Feb 20131857,77291.233.42$43,457
Jan 2013210,90491.603.42$37,474
Dec 201237511,82286.773.42$72,972
Nov 201219511,56186.953.62$58,863
Oct 201255414,10589.383.40$97,469
Sep 20123779,79694.672.92$64,279
Aug 2012010,97792.662.91$31,923
Jul 201218211,47785.133.02$50,163
Jun 2012111,34279.822.52$28,651
May 201219012,67591.612.49$48,945
Apr 201219613,950101.652.00$47,779
Mar 201208,268105.052.22$18,372
Feb 201238711,109101.102.57$67,679
Jan 2012112,45198.092.73$34,140
Dec 201119013,38196.873.24$61,756
Nov 201119913,26195.723.31$62,959
Oct 201138313,83584.983.65$83,025
Sep 201119613,68383.623.99$70,927
Aug 201118614,78083.404.15$76,839
Jul 201155115,40594.144.52$121,459
Jun 201118814,24492.904.64$83,556
May 201118016,89398.134.40$92,074
Apr 2011017,093105.964.33$74,069
Mar 201138816,99096.364.06$106,322
Feb 201158617,96085.644.18$125,257
Jan 201118121,20386.504.59$112,952
Dec 201074223,09985.734.35$164,040
Nov 201036024,84980.843.80$123,413
Oct 201053626,14978.103.51$133,616
Sep 201053125,36372.633.98$139,498
Aug 20101,09437,99173.684.42$248,502
Jul 20101,59552,95572.554.74$366,538
Jun 201077657,53670.364.91$337,124
May 201004,33771.124.24$18,368
Apr 201009,81581.694.12$40,464
Mar 201006,56878.394.39$28,825
Feb 201009,61473.585.44$52,323
Jan 2010011,66074.365.96$69,541
Dec 2009013,41471.445.48$73,559
Nov 2009011,28674.593.75$42,339
Oct 2009012,98772.544.11$53,380
Sep 2009012,92165.543.06$39,600
Aug 2009015,61167.423.22$50,244
Jul 2009012,95861.133.46$44,893
Jun 200917914,02666.163.90$66,474
May 2009016,66154.743.93$65,407
Apr 2009021,04646.773.59$75,503
Mar 2009018,98642.144.06$77,064
Feb 2009015,87932.814.63$73,567
Jan 20091829,43635.865.37$57,207
Dec 2008021,00537.105.98$125,550
Nov 200818518,06155.496.86$134,171
Oct 2008030,92075.246.92$214,028
Sep 2008039,935101.767.88$314,572
Aug 200817854,365114.228.48$481,511
Jul 200835575,436131.0811.39$905,706
Jun 20080123,832131.3313.03$1,613,857
May 20080118,557123.1711.57$1,372,213

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                  682 Mcf  × $  3.05 =     $2,077

────────────────────────────────────────────────────
Month total                                   $2,396

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/242354 is the state's own key, not one this site invented.