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 275331District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$16.9 M
Jul 2014 – May 2026
Value, last 12 filed months
$608 k
at the published price for each month
Months reported
143
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 Gas112015-03-30214402
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
CondensateDisposition90,887 bbl$5,472,373
GasProduction3,528,712 Mcf$11,401,026
Total$16,873,400

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 35.4307, -100.0777. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.43066, -100.07775 · 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
13,314 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 13,314 ft.

Completions filed
Jul 2014
1 of 1 wells

1 well

42-483338532001H13,314 ftJul 2014

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 (143)

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

143 months

May 20261479,558106.413.05$44,754
Apr 20261759,44498.932.87$44,414
Mar 202614710,20689.753.15$45,336
Feb 20262229,31763.503.75$49,039
Jan 202614810,03159.138.00$88,978
Dec 202522910,34356.664.41$58,623
Nov 202515010,15558.593.93$48,662
Oct 202523610,64659.383.30$49,197
Sep 202514710,37162.743.08$41,134
Aug 202517711,09163.933.01$44,752
Jul 202517710,97266.743.32$48,187
Jun 202516710,67366.483.13$44,495
May 202520310,96760.553.23$47,741
Apr 202518910,61562.363.54$49,396
Mar 202524311,15667.704.27$64,068
Feb 20251879,83170.884.34$55,929
Jan 202521510,68174.324.28$61,679
Dec 202416311,23468.993.12$46,311
Nov 202422011,08569.052.20$39,561
Oct 202422311,52771.372.28$42,213
Sep 202420111,33369.612.36$40,787
Aug 202415011,58975.632.06$35,260
Jul 202419911,61879.932.15$40,845
Jun 20242019,67178.082.63$41,167
May 202420310,69578.812.20$39,511
Apr 202423210,81284.451.66$37,532
Mar 202416411,26480.301.55$30,574
Feb 202419010,59476.091.78$33,353
Jan 202428610,90173.023.30$56,832
Dec 202320811,47471.262.61$44,777
Nov 202323011,29177.892.81$49,615
Oct 202320611,83385.443.09$54,132
Sep 202319111,23789.042.74$47,740
Aug 202318012,13680.522.67$46,932
Jul 202319612,38774.852.64$47,395
Jun 202328312,00268.962.26$46,622
May 202323312,53270.622.23$44,368
Apr 202320612,06478.122.24$43,089
Mar 202318912,42272.852.39$43,496
Feb 202323411,46575.112.47$45,845
Jan 202323012,10576.533.39$58,610
Dec 202232412,35276.415.73$95,522
Nov 202222812,08285.005.65$87,597
Oct 202224712,41287.185.86$94,314
Sep 202222912,75784.888.16$123,582
Aug 202223013,19094.529.13$142,127
Jul 202226513,245101.587.54$126,814
Jun 202223713,019115.097.98$131,132
May 202236413,425109.378.43$153,024
Apr 202231513,229104.226.84$123,284
Mar 202234213,154108.885.08$104,012
Feb 202219611,98591.054.86$76,079
Jan 202220813,12881.844.54$76,593
Dec 202128713,80971.323.90$74,312
Nov 202128413,54977.435.24$92,944
Oct 202125614,20679.795.71$101,597
Sep 202122813,78069.865.35$89,664
Aug 202127214,47866.024.22$79,063
Jul 202125314,55070.783.98$75,847
Jun 202128214,90369.493.38$69,978
May 202131114,54663.483.02$63,637
Apr 202132014,44360.362.76$59,155
Mar 202131416,17261.302.72$63,187
Feb 202114912,77157.805.55$79,465
Jan 202124914,86350.412.81$54,321
Dec 202025514,87544.642.68$51,181
Nov 202024614,94338.772.71$49,982
Oct 202026315,87536.972.48$49,068
Sep 202026915,41037.091.99$40,659
Aug 202025816,81639.982.39$50,423
Jul 202027517,06638.371.83$41,699
Jun 202021416,78134.901.69$35,834
May 202020317,42016.921.81$35,048
Apr 202024316,96614.751.80$34,197
Mar 202024317,72030.341.86$40,265
Feb 202018316,92549.881.98$42,651
Jan 202023718,46157.252.09$52,239
Dec 201929818,45959.012.30$60,121
Nov 201931518,10555.302.75$67,221
Oct 201932818,80653.472.42$63,021
Sep 201940018,13255.052.66$70,202
Aug 201943019,09953.112.30$66,848
Jul 201943419,27556.272.46$71,839
Jun 201929818,92652.782.49$62,877
May 201927819,45158.482.74$69,559
Apr 201924419,22162.632.75$68,153
Mar 201933919,51456.803.06$79,009
Feb 201934818,22750.852.79$68,590
Jan 201925720,08546.033.23$76,668
Dec 201835720,28746.594.19$101,543
Nov 201831319,50552.934.24$99,214
Oct 201839520,85061.443.40$95,119
Sep 201839520,05759.543.11$85,855
Aug 201843120,53559.403.07$88,573
Jul 201851921,14965.142.93$95,814
Jun 201852821,13760.183.08$96,812
May 201847522,29365.382.90$95,723
Apr 201857021,95063.842.90$100,061
Mar 201869323,67661.222.79$108,407
Feb 201839820,17661.782.77$80,398
Jan 201841616,66562.874.01$92,969
Dec 201753422,61457.272.92$96,649
Nov 201749823,52655.423.12$100,962
Oct 201762923,99949.292.98$102,609
Sep 201775523,91247.523.09$109,701
Aug 201773025,36945.373.00$109,339
Jul 201780926,29143.873.09$116,659
Jun 201769926,26642.493.09$110,791
May 201771924,11345.373.26$111,311
Apr 201761127,17547.933.21$116,560
Mar 201764528,27246.772.98$114,521
Feb 201766526,46750.452.95$111,696
Jan 201761529,26049.413.42$130,421
Dec 201663829,86148.763.72$142,276
Nov 201686129,71642.492.64$115,163
Oct 201677031,17046.193.09$131,890
Sep 20161,02931,61941.553.10$140,794
Aug 201684234,22641.442.92$134,981
Jul 201675536,98941.622.92$139,592
Jun 201683036,97645.352.69$136,952
May 201670938,94642.521.99$107,690
Apr 201693938,29036.561.99$110,567
Mar 201695240,66233.011.79$104,374
Feb 20161,09340,25726.472.06$112,007
Jan 20161,34944,54127.352.36$142,206
Dec 20151,04145,68932.362.00$125,129
Nov 20151,28345,63538.792.17$148,674
Oct 20151,16149,70743.552.43$171,180
Sep 20151,19548,35742.992.76$184,762
Aug 20151,31352,60040.162.87$203,823
Jul 20151,42356,14348.152.95$233,863
Jun 20151,57058,17856.152.88$255,875
May 20152,13166,62055.212.96$314,545
Apr 20151,79269,11549.822.71$276,342
Mar 20152,04170,02042.892.93$293,027
Feb 20152,44474,28744.662.98$330,241
Jan 20152,65984,02943.433.10$376,023
Dec 20143,13494,38354.693.59$510,362
Nov 20143,934103,77870.464.25$718,437
Oct 20145,718126,05878.303.90$939,467
Sep 20145,870143,78786.164.05$1,087,441
Aug 20146,392142,86589.394.04$1,147,858
Jul 20141954,73096.564.18$38,599

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           147 bbl  × $106.41 =    $15,642
Gas                9,558 Mcf  × $  3.05 =    $29,112

────────────────────────────────────────────────────
Month total                                  $44,754

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/275331 is the state's own key, not one this site invented.