MineralRecord
Log inSign up

STILES 4

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 274539District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$19.8 M
Dec 2013 – May 2026
Value, last 12 filed months
$336 k
at the published price for each month
Months reported
150
no gaps in the span
Streams
2
condensate, gas

The STILES RANCH (GRANITE WASH CONS) field

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 Gas112016-10-21217970
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
CondensateDisposition119,147 bbl$8,849,109
GasProduction2,921,182 Mcf$10,955,176
Total$19,804,286

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 35.4584, -100.0619. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.45837, -100.06189 · 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
12,643 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 12,643 ft.

Completions filed
Dec 2013
1 of 1 wells

1 well

42-483337612104H12,643 ftDec 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 (150)

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

150 months

May 2026944,604106.413.05$24,026
Apr 20261154,97598.932.87$25,654
Mar 2026985,00289.753.15$24,549
Feb 20261244,30663.503.75$24,023
Jan 2026904,20659.138.00$38,961
Dec 20251164,94756.664.41$28,405
Nov 20251105,00358.593.93$26,089
Oct 20251695,55959.383.30$28,407
Sep 20251185,88662.743.08$25,514
Aug 20251605,79863.933.01$27,708
Jul 20252255,75966.743.32$34,109
Jun 20251455,90266.483.13$28,105
May 20251805,82460.553.23$29,724
Apr 20252275,72962.363.54$34,454
Mar 20251006,63967.704.27$35,107
Feb 20251665,91970.884.34$37,460
Jan 20252046,35074.324.28$42,331
Dec 20241476,39668.993.12$30,106
Nov 20241786,51569.052.20$26,614
Oct 20241926,93271.372.28$29,518
Sep 20241736,80069.612.36$28,120
Aug 20241367,34775.632.06$25,447
Jul 20241647,31079.932.15$28,800
Jun 20241626,52878.082.63$29,844
May 20241557,01678.812.20$27,640
Apr 20241956,88584.451.66$27,891
Mar 20241527,26880.301.55$23,436
Feb 20241736,60476.091.78$24,943
Jan 20241986,14973.023.30$34,735
Dec 20232057,00971.262.61$32,907
Nov 20231796,88777.892.81$33,278
Oct 20231936,67385.443.09$37,091
Sep 20231696,57889.042.74$33,039
Aug 20231846,96480.522.67$33,430
Jul 20231307,40674.852.64$29,296
Jun 20232027,22968.962.26$30,256
May 20231627,36570.622.23$27,845
Apr 20231437,20678.122.24$27,296
Mar 20231997,24172.852.39$31,826
Feb 20232086,38575.112.47$31,366
Jan 20231847,12576.533.39$38,219
Dec 20222266,94676.415.73$57,063
Nov 20221726,68885.005.65$52,382
Oct 20222077,20487.185.86$60,289
Sep 20222027,93984.888.16$81,957
Aug 20222078,30894.529.13$95,394
Jul 20222438,239101.587.54$86,823
Jun 20221837,825115.097.98$83,483
May 20222327,748109.378.43$90,713
Apr 20222406,925104.226.84$72,363
Mar 20223217,028108.885.08$70,627
Feb 20222506,27091.054.86$53,227
Jan 20222807,35681.844.54$56,294
Dec 20212727,36571.323.90$48,116
Nov 20213377,35977.435.24$64,632
Oct 20213098,12879.795.71$71,097
Sep 20213178,04069.865.35$65,167
Aug 20214178,40566.024.22$63,004
Jul 20213638,62470.783.98$60,035
Jun 20213738,36169.493.38$54,185
May 20213938,56663.483.02$50,797
Apr 20214208,63360.362.76$49,165
Mar 202150310,09061.302.72$58,248
Feb 20211737,69157.805.55$52,669
Jan 20213238,84350.412.81$41,134
Dec 20203429,08644.642.68$39,576
Nov 20205749,03038.772.71$46,694
Oct 20203509,22336.972.48$35,798
Sep 20203129,00837.091.99$29,507
Aug 20204499,30539.982.39$40,144
Jul 202040710,72638.371.83$35,193
Jun 202039011,09234.901.69$32,360
May 202056910,71716.921.81$29,076
Apr 202062810,12514.751.80$27,532
Mar 202040810,64730.341.86$32,142
Feb 202026810,03149.881.98$33,236
Jan 202043010,94357.252.09$47,540
Dec 201934911,18959.012.30$46,378
Nov 201927111,11055.302.75$45,547
Oct 201945811,56153.472.42$52,450
Sep 201956011,60855.052.66$61,674
Aug 201975211,52653.112.30$66,499
Jul 201978511,47056.272.46$72,389
Jun 201972410,65352.782.49$64,751
May 201969711,05958.482.74$71,066
Apr 201956711,53062.632.75$67,227
Mar 201931410,58656.803.06$50,251
Feb 201917510,24850.852.79$37,513
Jan 201917811,43146.033.23$45,095
Dec 201822911,60146.594.19$59,224
Nov 201825111,02752.934.24$60,009
Oct 201842712,32361.443.40$68,109
Sep 201861811,59659.543.11$72,836
Aug 201840112,78759.403.07$63,032
Jul 201829013,56065.142.93$58,647
Jun 201832013,40060.183.08$60,488
May 201830114,24165.382.90$60,990
Apr 201835213,87163.842.90$62,709
Mar 201832214,30761.222.79$59,584
Feb 201824612,78261.782.77$50,554
Jan 201829614,68062.874.01$77,466
Dec 201741214,54657.272.92$66,092
Nov 201711713,46855.423.12$48,482
Oct 201718315,25149.292.98$54,524
Sep 201719614,86447.523.09$55,203
Aug 201739816,67645.373.00$68,159
Jul 201732817,12343.873.09$67,253
Jun 201729316,90142.493.09$64,628
May 201728916,60345.373.26$67,294
Apr 201729816,78947.933.21$68,203
Mar 201741517,38246.772.98$71,272
Feb 201741816,33250.452.95$69,310
Jan 201749918,02049.413.42$86,262
Dec 201641118,19248.763.72$87,766
Nov 201639719,03742.492.64$67,209
Oct 201641619,32546.193.09$78,934
Sep 201654219,70541.553.10$83,618
Aug 201645920,60541.442.92$79,277
Jul 201641821,03141.622.92$78,899
Jun 201660020,67045.352.69$82,726
May 201643722,02742.521.99$62,438
Apr 201657521,31036.561.99$63,451
Mar 201662822,80033.011.79$61,634
Feb 201687922,17926.472.06$69,036
Jan 20161,26820,97527.352.36$84,272
Dec 201597822,87132.362.00$77,422
Nov 20151,05423,54438.792.17$91,912
Oct 201590625,50543.552.43$101,346
Sep 20151,00927,33442.992.76$118,776
Aug 20151,04629,97440.162.87$128,107
Jul 20151,15131,56848.152.95$148,391
Jun 20151,17832,36956.152.88$159,460
May 20151,48735,96055.212.96$188,375
Apr 20151,25836,74849.822.71$162,135
Mar 20151,16438,46442.892.93$162,805
Feb 20151,38436,58344.662.98$170,687
Jan 20151,18743,04543.433.10$185,018
Dec 20141,74547,01354.693.59$264,275
Nov 20141,99348,29170.464.25$345,752
Oct 20142,29156,49178.303.90$399,754
Sep 20142,29158,91186.164.05$435,713
Aug 20142,64769,50189.394.04$517,060
Jul 20142,63874,61496.564.18$566,582
Jun 20142,69175,39198.164.74$621,267
May 20144,53990,88094.734.73$859,529
Apr 20144,41699,61795.944.81$902,741
Mar 20146,270121,37095.895.06$1,214,974
Feb 20147,093124,30997.406.19$1,460,580
Jan 201411,502175,84990.404.86$1,894,534
Dec 201315,756196,28391.824.35$2,301,426

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            94 bbl  × $106.41 =    $10,003
Gas                4,604 Mcf  × $  3.05 =    $14,023

────────────────────────────────────────────────────
Month total                                  $24,026

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/274539 is the state's own key, not one this site invented.