STILES 1

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 271041District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.9 M
Aug 2013 – May 2026
Value, last 12 filed months
$263 k
at the published price for each month
Months reported
154
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 Gas112014-02-13211875
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
CondensateDisposition65,088 bbl$4,806,386
GasProduction1,139,351 Mcf$4,083,418
Total$8,889,803

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 35.4437, -100.0858. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.44366, -100.08579 · 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
13,238 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 13,238 ft.

Completions filed
Aug 2013
1 of 1 wells

1 well

42-483337091701H13,238 ftAug 2013

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 (154)

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

154 months

May 20261333,323106.413.05$24,274
Apr 20261643,27398.932.87$25,617
Mar 20261153,23789.753.15$20,516
Feb 20261592,87463.503.75$20,875
Jan 20261073,03159.138.00$30,569
Dec 20252013,16156.664.41$25,339
Nov 20251093,17058.593.93$18,833
Oct 20251603,19659.383.30$20,063
Sep 20251093,11162.743.08$16,411
Aug 20251603,19063.933.01$19,846
Jul 20251673,11166.743.32$21,459
Jun 20251373,07866.483.13$18,738
May 20251603,16860.553.23$19,928
Apr 20251472,87962.363.54$19,368
Mar 20251583,02767.704.27$23,617
Feb 20251492,61570.884.34$21,912
Jan 20251732,88774.324.28$25,210
Dec 20241253,18368.993.12$18,559
Nov 20241543,13069.052.20$17,515
Oct 20241733,48471.372.28$20,295
Sep 20241493,55669.612.36$18,780
Aug 20241143,65875.632.06$16,171
Jul 20241383,68479.932.15$18,938
Jun 20241323,30978.082.63$19,022
May 20241203,56078.812.20$17,284
Apr 20241593,35984.451.66$19,001
Mar 20241163,35680.301.55$14,500
Feb 20241272,90276.091.78$14,840
Jan 20241532,94973.023.30$20,897
Dec 20231453,33471.262.61$19,037
Nov 20231253,35177.892.81$19,144
Oct 20231273,78685.443.09$22,539
Sep 20231143,67689.042.74$20,205
Aug 20231383,53880.522.67$20,568
Jul 2023623,68774.852.64$14,381
Jun 20231573,30668.962.26$18,293
May 20231173,64970.622.23$16,390
Apr 2023973,41978.122.24$15,229
Mar 20231133,46172.852.39$16,515
Feb 20231032,95775.112.47$15,027
Jan 20231003,48076.533.39$19,442
Dec 20221953,51376.415.73$35,026
Nov 20221613,66785.005.65$34,390
Oct 20222064,00487.185.86$41,438
Sep 20221883,90384.888.16$47,820
Aug 20221944,15794.529.13$56,278
Jul 20222744,399101.587.54$61,011
Jun 20221623,888115.097.98$49,660
May 20221842,727109.378.43$43,121
Apr 20222403,437104.226.84$48,514
Mar 20222143,377108.885.08$40,443
Feb 20221272,88391.054.86$25,571
Jan 20221323,30481.844.54$25,795
Dec 20211403,52271.323.90$23,718
Nov 20211363,52977.435.24$29,011
Oct 20211343,87179.795.71$32,810
Sep 20211494,24469.865.35$33,118
Aug 20212264,68966.024.22$34,711
Jul 20212124,66870.783.98$33,594
Jun 20212004,58669.493.38$29,402
May 20212094,75163.483.02$27,604
Apr 20212244,53260.362.76$26,022
Mar 20212344,93561.302.72$27,752
Feb 20211512,94757.805.55$25,078
Jan 20213474,62350.412.81$30,484
Dec 20204124,74444.642.68$31,084
Nov 20203544,73838.772.71$26,548
Oct 20203074,93436.972.48$23,578
Sep 20202434,01837.091.99$17,013
Aug 20202024,26439.982.39$18,246
Jul 20202774,39438.371.83$18,648
Jun 20203294,87034.901.69$19,714
May 20203015,46716.921.81$15,014
Apr 20204304,41314.751.80$14,305
Mar 20203744,94130.341.86$20,519
Feb 20204094,58849.881.98$29,488
Jan 20203344,87557.252.09$29,333
Dec 20192764,98059.012.30$27,762
Nov 20192554,90355.302.75$27,588
Oct 20192145,04353.472.42$23,639
Sep 20191955,15155.052.66$24,422
Aug 20191805,16153.112.30$21,453
Jul 20191995,13356.272.46$23,825
Jun 20191514,17452.782.49$18,368
May 20191584,20558.482.74$20,763
Apr 20191543,90162.632.75$20,376
Mar 20191883,79256.803.06$22,290
Feb 20192153,56450.852.79$20,884
Jan 20192303,42746.033.23$21,650
Dec 20182012,89046.594.19$21,461
Nov 20181603,35552.934.24$22,685
Oct 20182434,22861.443.40$29,297
Sep 20182524,31459.543.11$28,412
Aug 20182374,47359.403.07$27,795
Jul 20181994,60865.142.93$26,473
Jun 20182634,43460.183.08$29,470
May 20182652,96165.382.90$25,915
Apr 20183144,82663.842.90$34,045
Mar 20183275,27561.222.79$34,720
Feb 20182384,62461.782.77$27,494
Jan 20182025,43562.874.01$34,490
Dec 20171515,77557.272.92$25,520
Nov 20171646,41855.423.12$29,103
Oct 20172736,07949.292.98$31,594
Sep 20172616,06147.523.09$31,115
Aug 20173447,16545.373.00$37,134
Jul 20171677,32143.873.09$29,928
Jun 20172556,98242.493.09$32,390
May 20172936,34745.373.26$34,006
Apr 20172147,20547.933.21$33,397
Mar 20172477,54746.772.98$34,070
Feb 20172416,55350.452.95$31,507
Jan 20172568,42049.413.42$41,435
Dec 20162568,11648.763.72$42,697
Nov 20164276,99042.492.64$36,627
Oct 20163987,12446.193.09$40,399
Sep 20165137,09941.553.10$43,327
Aug 20164117,74741.442.92$39,687
Jul 20163567,84441.622.92$37,755
Jun 20163937,64845.352.69$38,364
May 20163527,92642.521.99$30,748
Apr 20163898,14236.561.99$30,433
Mar 20163648,47733.011.79$27,223
Feb 20163738,35326.472.06$27,111
Jan 20165459,75927.352.36$37,980
Dec 20153358,20532.362.00$27,262
Nov 20154919,20138.792.17$38,987
Oct 20155469,93343.552.43$47,882
Sep 20154419,80542.992.76$46,005
Aug 201551410,48040.162.87$50,746
Jul 201552710,62048.152.95$56,652
Jun 201558610,28856.152.88$62,563
May 201569710,67655.212.96$70,034
Apr 201556510,47649.822.71$56,502
Mar 201562010,68742.892.93$57,955
Feb 20156089,76944.662.98$56,228
Jan 201560013,82643.433.10$68,927
Dec 201467113,47954.693.59$85,105
Nov 201472914,34570.464.25$112,358
Oct 201480415,05578.303.90$121,682
Sep 201488315,43286.164.05$138,509
Aug 20141,05616,40389.394.04$160,584
Jul 20141,15017,54496.564.18$184,371
Jun 20141,21819,42798.164.74$211,582
May 20141,40114,51494.734.73$201,318
Apr 20143,03138,24695.944.81$474,724
Mar 20141,70123,23295.895.06$280,588
Feb 20141,55226,17897.406.19$313,259
Jan 20142,33132,05390.404.86$366,523
Dec 20132,46932,82991.824.35$369,657
Nov 20132,86737,87488.853.74$396,317
Oct 20133,40949,97197.423.78$520,963
Sep 20134,15061,883104.113.72$662,121
Aug 20132,00020,458104.253.52$280,566

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           133 bbl  × $106.41 =    $14,153
Gas                3,323 Mcf  × $  3.05 =    $10,121

────────────────────────────────────────────────────
Month total                                  $24,274

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/271041 is the state's own key, not one this site invented.