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 260348District 10Field 86125250CondensateGasSaveExport
Value, all time
$86.7 M
Feb 2010 – May 2026
Value, last 12 filed months
$1.0 M
at the published price for each month
Months reported
196
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.

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
CondensateDisposition408,047 bbl$32,451,284
GasProduction14,903,672 Mcf$54,241,441
Total$86,692,724

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.

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
no depth filed
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.

Completions filed
Mar 2010
1 of 1 wells

1 well

42-483815191668SLMar 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 (196)

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

196 months

May 202610616,875106.413.05$62,678
Apr 202632317,46698.932.87$82,077
Mar 202619718,24889.753.15$75,152
Feb 202629517,39163.503.75$83,954
Jan 202649916,39259.138.00$160,608
Dec 202511318,30056.664.41$87,167
Nov 202512918,04458.593.93$78,407
Oct 202533218,82459.383.30$81,924
Sep 202533218,48362.743.08$77,700
Aug 202515619,84563.933.01$69,801
Jul 202529919,75466.743.32$85,444
Jun 202525419,44666.483.13$77,727
May 202541319,91660.553.23$89,382
Apr 202539219,25662.363.54$92,671
Mar 202526620,14167.704.27$103,976
Feb 202521018,41570.884.34$94,821
Jan 202530820,17874.324.28$109,226
Dec 202445821,28468.993.12$98,033
Nov 202421320,91869.052.20$60,695
Oct 202444422,07371.372.28$82,046
Sep 202436321,68169.612.36$76,530
Aug 202438823,16075.632.06$77,138
Jul 202438423,59879.932.15$81,348
Jun 202449521,45778.082.63$95,167
May 202439023,00878.812.20$81,318
Apr 202452823,11484.451.66$82,940
Mar 202433224,22180.301.55$64,084
Feb 202443323,46376.091.78$74,797
Jan 202437423,43073.023.30$104,574
Dec 202317824,75271.262.61$77,305
Nov 202343324,51277.892.81$102,545
Oct 202387125,49485.443.09$153,125
Sep 202332024,24589.042.74$94,804
Aug 202319126,25880.522.67$85,564
Jul 202376226,25674.852.64$126,399
Jun 202322725,62268.962.26$73,521
May 202338526,71870.622.23$86,700
Apr 202353825,07578.122.24$98,140
Mar 202336525,86272.852.39$88,482
Feb 202336123,28475.112.47$84,526
Jan 202318828,18576.533.39$109,871
Dec 202270420,51676.415.73$171,330
Nov 202236623,74685.005.65$165,185
Oct 202217624,09787.185.86$156,643
Sep 202250525,49984.888.16$251,030
Aug 202250926,84294.529.13$293,102
Jul 202227727,550101.587.54$235,922
Jun 202228127,575115.097.98$252,312
May 202248229,057109.378.43$297,755
Apr 202246128,553104.226.84$243,279
Mar 202248929,827108.885.08$204,656
Feb 202229125,79491.054.86$151,824
Jan 202233332,24581.844.54$173,570
Dec 202156631,65171.323.90$163,778
Nov 202161231,43777.435.24$212,018
Oct 202157633,59879.795.71$237,934
Sep 202153232,17569.865.35$209,331
Aug 202137532,94466.024.22$163,801
Jul 202173933,37270.783.98$185,196
Jun 202140432,60569.493.38$138,299
May 202158133,89363.483.02$139,160
Apr 202161432,69860.362.76$127,256
Mar 202165036,24961.302.72$138,331
Feb 202145322,95357.805.55$153,526
Jan 202142231,96950.412.81$111,115
Dec 202053731,98244.642.68$109,538
Nov 202044431,37438.772.71$102,130
Oct 202090932,73436.972.48$114,735
Sep 202069331,90437.091.99$89,226
Aug 202064934,90939.982.39$109,208
Jul 202074834,53838.371.83$91,737
Jun 202067033,05234.901.69$79,251
May 202059933,69416.921.81$71,281
Apr 202076131,72514.751.80$68,469
Mar 202047733,87930.341.86$77,359
Feb 202074731,72149.881.98$100,089
Jan 202062934,96157.252.09$109,244
Dec 201945334,69359.012.30$106,677
Nov 201966034,23655.302.75$130,671
Oct 201992235,39653.472.42$134,906
Sep 201969034,65555.052.66$130,073
Aug 201964141,68653.112.30$130,103
Jul 201994140,20156.272.46$151,847
Jun 201947140,09752.782.49$124,749
May 201980239,19758.482.74$154,313
Apr 20191,14539,41062.632.75$180,116
Mar 201935140,58956.803.06$144,224
Feb 201988036,54650.852.79$146,792
Jan 201980343,16246.033.23$176,297
Dec 201869342,47446.594.19$210,059
Nov 201889239,32652.934.24$213,847
Oct 201871942,89761.443.40$189,943
Sep 201882242,15159.543.11$179,947
Aug 201880243,74559.403.07$181,785
Jul 201871943,72065.142.93$175,017
Jun 201856142,04760.183.08$163,136
May 20181,00242,76965.382.90$189,575
Apr 201867543,03963.842.90$167,940
Mar 201889342,18861.222.79$172,241
Feb 201863138,06861.782.77$144,284
Jan 20181,08843,68662.874.01$243,554
Dec 201751743,07457.272.92$155,450
Nov 201784245,08655.423.12$187,258
Oct 201791345,59649.292.98$181,046
Sep 201799944,94647.523.09$186,233
Aug 201789146,86545.373.00$181,226
Jul 201777046,70843.873.09$177,981
Jun 20171,23645,91642.493.09$194,273
May 201769645,85145.373.26$181,208
Apr 20171,17045,15547.933.21$201,098
Mar 20171,36446,13446.772.98$201,443
Feb 201782642,26250.452.95$166,454
Jan 20171,18549,13349.413.42$226,527
Dec 20161,15949,32748.763.72$240,149
Nov 201666348,81342.492.64$157,250
Oct 20161,51651,41346.193.09$228,904
Sep 201699950,51141.553.10$198,124
Aug 20161,37651,94241.442.92$208,918
Jul 20161,11154,35441.622.92$205,189
Jun 20161,34452,24045.352.69$201,258
May 20161,26154,68042.521.99$162,488
Apr 20161,15654,35536.561.99$150,486
Mar 20161,53056,83133.011.79$152,461
Feb 20161,29957,22926.472.06$152,484
Jan 20161,60861,68727.352.36$189,829
Dec 20151,46855,62032.362.00$158,823
Nov 20151,46159,02838.792.17$184,605
Oct 20151,78961,10943.552.43$226,197
Sep 20151,67959,05742.992.76$235,084
Aug 20151,33861,74040.162.87$231,082
Jul 20151,90062,28448.152.95$274,916
Jun 20151,71761,53656.152.88$273,809
May 20151,92066,84555.212.96$303,560
Apr 20151,81965,71949.822.71$268,496
Mar 20151,88470,69842.892.93$288,283
Feb 20151,66465,97644.662.98$270,671
Jan 20151,97972,12843.433.10$309,590
Dec 20141,87676,95954.693.59$378,986
Nov 20142,45280,07870.464.25$513,247
Oct 20142,32385,66878.303.90$516,078
Sep 20142,74983,98086.164.05$576,590
Aug 20141,85878,09589.394.04$481,209
Jul 20142,27274,05096.564.18$528,884
Jun 20141,89677,33998.164.74$552,457
May 20142,44882,16194.734.73$620,238
Apr 20142,03079,94695.944.81$579,228
Mar 20142,25866,98895.895.06$555,265
Feb 20142,02274,10897.406.19$655,820
Jan 20141,70569,68390.404.86$492,842
Dec 20132,35359,88891.824.35$476,834
Nov 20133,428117,03788.853.74$742,095
Oct 20131,52197,13297.423.78$515,273
Sep 20132,04569,533104.113.72$471,411
Aug 20131,32260,521104.253.52$351,010
Jul 20132,165112,481102.523.72$640,131
Jun 20132,839108,36094.403.93$694,226
May 20133,161133,06594.834.15$851,855
Apr 20133,990145,12393.964.28$996,403
Mar 20134,687168,10393.623.91$1,096,562
Feb 20134,197159,84991.233.42$929,562
Jan 20134,973176,51491.603.42$1,059,189
Dec 20125,358209,10386.773.42$1,180,079
Nov 20126,972214,73686.953.62$1,384,625
Oct 20129,206262,53889.383.40$1,715,377
Sep 201211,453282,20394.672.92$1,907,837
Aug 201211,248283,53392.662.91$1,866,799
Jul 20122,233118,06285.133.02$546,737
Jun 20122,997135,99579.822.52$581,797
May 20123,178137,80191.612.49$634,030
Apr 20123,987160,908101.652.00$726,580
Mar 20123,069152,124105.052.22$660,430
Feb 20123,806149,110101.102.57$768,035
Jan 20124,433173,85598.092.73$910,166
Dec 20114,035168,96896.873.24$938,283
Nov 20115,770204,65895.723.31$1,229,984
Oct 20116,124221,33384.983.65$1,327,960
Sep 20116,659246,30383.623.99$1,538,540
Aug 20112,79171,31383.404.15$528,670
Jul 20118,655282,42994.144.52$2,090,581
Jun 20116,398289,20592.904.64$1,936,251
May 20118,407311,04298.134.40$2,195,063
Apr 20119,107334,830105.964.33$2,415,890
Mar 201111,187363,06196.364.06$2,551,041
Feb 201111,307327,13585.644.18$2,335,749
Jan 20115,894130,58186.504.59$1,109,038
Dec 20107,133156,01785.734.35$1,289,835
Nov 20103,441125,77580.843.80$755,528
Oct 20106,540169,98178.103.51$1,107,219
Sep 20105,850184,20572.633.98$1,157,924
Aug 20107,339199,84373.684.42$1,423,916
Jul 20107,048213,25272.554.74$1,521,398
Jun 20108,892242,94070.364.91$1,818,574
May 201011,417293,12871.124.24$2,053,439
Apr 201014,501362,73581.694.12$2,680,031
Mar 201017,907419,82978.394.39$3,246,221
Feb 20102,32452,69273.585.44$457,769

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           106 bbl  × $106.41 =    $11,279
Gas               16,875 Mcf  × $  3.05 =    $51,399

────────────────────────────────────────────────────
Month total                                  $62,678

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/260348 is the state's own key, not one this site invented.