STILES 17

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 266842District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.5 M
Nov 2012 – May 2026
Value, last 12 filed months
$232 k
at the published price for each month
Months reported
163
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 Gas112013-05-01209269
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
CondensateDisposition53,507 bbl$4,323,323
GasProduction1,995,450 Mcf$7,176,883
Total$11,500,206

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 35.4594, -100.0728. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.45942, -100.07276 · 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
13,106 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 13,106 ft.

Completions filed
Nov 2012
1 of 1 wells

1 well

42-483335081417H13,106 ftNov 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 (163)

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

163 months

May 2026523,627106.413.05$16,581
Apr 2026413,67898.932.87$14,611
Mar 2026603,89989.753.15$17,665
Feb 2026623,72163.503.75$17,892
Jan 2026463,76859.138.00$32,856
Dec 2025963,97656.664.41$22,987
Nov 2025953,91458.593.93$20,934
Oct 20251004,05159.383.30$19,326
Sep 2025403,94062.743.08$14,633
Aug 2025914,27563.933.01$18,706
Jul 2025764,19166.743.32$18,966
Jun 2025524,15466.483.13$16,454
May 20251204,25560.553.23$21,020
Apr 20251614,21562.363.54$24,974
Mar 20251724,43867.704.27$30,587
Feb 2025773,95770.884.34$22,634
Jan 20251144,27074.324.28$26,742
Dec 20241034,45468.993.12$21,009
Nov 20241254,34769.052.20$18,188
Oct 2024634,43771.372.28$14,619
Sep 2024474,21469.612.36$13,235
Aug 2024654,41075.632.06$14,017
Jul 2024554,50379.932.15$14,062
Jun 2024774,02478.082.63$16,611
May 20241134,44878.812.20$18,684
Apr 20241024,50284.451.66$16,084
Mar 20241584,83180.301.55$20,152
Feb 20242144,67176.091.78$24,615
Jan 2024834,73473.023.30$21,672
Dec 2023954,94071.262.61$19,667
Nov 2023454,83577.892.81$17,080
Oct 2023334,88085.443.09$17,885
Sep 2023234,96089.042.74$15,614
Aug 20231985,23880.522.67$29,944
Jul 2023625,09074.852.64$18,087
Jun 2023214,75068.962.26$12,176
May 2023264,87970.622.23$12,704
Apr 20231974,73978.122.24$25,994
Mar 2023215,08472.852.39$13,697
Feb 2023173,67375.112.47$10,333
Jan 2023234,47576.533.39$16,920
Dec 2022234,38376.415.73$26,868
Nov 2022194,37085.005.65$26,289
Oct 20222044,35687.185.86$43,327
Sep 2022225,04984.888.16$43,086
Aug 2022215,37794.529.13$51,062
Jul 2022115,387101.587.54$41,747
Jun 20221885,244115.097.98$63,469
May 2022225,599109.378.43$49,623
Apr 2022135,421104.226.84$38,421
Mar 20221945,208108.885.08$47,561
Feb 2022274,95091.054.86$26,510
Jan 2022185,65181.844.54$27,116
Dec 20212115,76271.323.90$37,515
Nov 2021305,69077.435.24$32,121
Oct 2021276,07379.795.71$36,855
Sep 20212065,92269.865.35$46,079
Aug 2021236,18366.024.22$27,614
Jul 2021236,23470.783.98$26,452
Jun 20212026,06569.493.38$34,540
May 2021236,33063.483.02$20,562
Apr 2021366,36560.362.76$19,730
Mar 20212206,49161.302.72$31,122
Feb 2021205,94057.805.55$34,111
Jan 2021386,53750.412.81$20,286
Dec 20202116,31244.642.68$26,307
Nov 2020446,48438.772.71$19,255
Oct 2020466,81636.972.48$18,594
Sep 20202206,70837.091.99$21,516
Aug 2020317,00039.982.39$17,935
Jul 20202106,87238.371.83$20,600
Jun 2020366,79334.901.69$12,739
May 2020376,95916.921.81$13,255
Apr 20202226,70914.751.80$15,380
Mar 2020316,83930.341.86$13,635
Feb 20202136,51749.881.98$23,532
Jan 2020336,99057.252.09$16,531
Dec 20192297,09759.012.30$29,867
Nov 2019366,90155.302.75$20,973
Oct 2019397,08053.472.42$19,209
Sep 20192067,00055.052.66$29,941
Aug 20192107,19053.112.30$27,721
Jul 20191867,10456.272.46$27,942
Jun 2019246,72352.782.49$18,015
May 20192037,10358.482.74$31,336
Apr 20192036,77562.632.75$31,350
Mar 2019226,90156.803.06$22,381
Feb 2019225,88150.852.79$17,540
Jan 20192186,70646.033.23$31,683
Dec 2018226,81246.594.19$29,536
Nov 20182176,58852.934.24$39,401
Oct 20182166,95661.443.40$36,908
Sep 2018217,06559.543.11$23,208
Aug 20182017,62159.403.07$35,310
Jul 2018117,61665.142.93$23,046
Jun 20181975,99160.183.08$30,289
May 2018226,56865.382.90$20,491
Apr 20182036,13163.842.90$30,744
Mar 20182116,53961.222.79$31,141
Feb 20182085,85361.782.77$29,040
Jan 2018226,58662.874.01$27,789
Dec 20172097,09957.272.92$32,709
Nov 20171897,04855.423.12$32,453
Oct 2017327,56449.292.98$24,146
Sep 20172027,64847.523.09$33,211
Aug 2017208,01045.373.00$24,973
Jul 20171988,30143.873.09$34,314
Jun 2017198,31142.493.09$26,466
May 20173938,87445.373.26$46,790
Apr 2017348,93447.933.21$30,322
Mar 20172009,05146.772.98$36,359
Feb 2017338,40550.452.95$26,481
Jan 20172089,39649.413.42$42,400
Dec 2016199,36448.763.72$35,787
Nov 20161909,35442.492.64$32,808
Oct 20161999,63946.193.09$38,979
Sep 20161959,37341.553.10$37,164
Aug 20161959,68041.442.92$36,388
Jul 20163569,41441.622.92$42,346
Jun 20161958,56345.352.69$31,842
May 20162088,83342.521.99$26,431
Apr 2016288,49936.561.99$17,946
Mar 20162239,87433.011.79$25,075
Feb 20162059,40126.472.06$24,827
Jan 201621610,22627.352.36$30,086
Dec 20152009,70432.362.00$25,894
Nov 201522210,77938.792.17$31,973
Oct 201522311,28143.552.43$37,086
Sep 201520011,37542.992.76$39,975
Aug 201537812,31340.162.87$50,549
Jul 201538011,19948.152.95$51,279
Jun 2015510,01256.152.88$29,144
May 201537310,89255.212.96$52,784
Apr 201519310,24749.822.71$37,349
Mar 201519311,29542.892.93$41,425
Feb 201519211,23944.662.98$42,024
Jan 201538714,50443.433.10$61,779
Dec 201438217,36654.693.59$83,259
Nov 201457217,58070.464.25$115,050
Oct 201456519,09278.303.90$118,717
Sep 201438619,22286.164.05$111,019
Aug 201438420,95189.394.04$118,866
Jul 201456523,82796.564.18$154,144
Jun 201455222,61298.164.74$161,295
May 201475925,15494.734.73$190,792
Apr 201457525,76795.944.81$179,082
Mar 201494528,33495.895.06$233,895
Feb 201457727,06497.406.19$223,780
Jan 201456831,75990.404.86$205,719
Dec 201379032,78491.824.35$215,295
Nov 20131,14635,72388.853.74$235,365
Oct 201380139,27697.423.78$226,472
Sep 20131,51741,488104.113.72$312,176
Aug 201393146,025104.253.52$259,185
Jul 20131,84944,889102.523.72$356,445
Jun 20131,43047,07794.403.93$320,165
May 20132,04354,49694.834.15$419,846
Apr 20132,22959,98093.964.28$466,307
Mar 20133,20570,06793.623.91$574,215
Feb 20132,57675,18891.233.42$492,145
Jan 20133,34175,86891.603.42$565,497
Dec 20125,605133,30286.773.42$942,260
Nov 20122,57757,03886.953.62$430,831

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            52 bbl  × $106.41 =     $5,533
Gas                3,627 Mcf  × $  3.05 =    $11,047

────────────────────────────────────────────────────
Month total                                  $16,581

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/266842 is the state's own key, not one this site invented.