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STILES 3

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) in the MILLS 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 276098District 10Field 616912352 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.8 M
Mar 2014 – May 2026
Value, last 12 filed months
$67 k
at the published price for each month
Months reported
147
no gaps in the span
Streams
2
condensate, gas

The MILLS 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 274 leases and 400 wells, and the rule below applies to all of them.

Discovered
2010-02-23
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 20 acres. The field rule took effect on 2013-07-09.

The Commission's schedule remark for this field reads: “ DESIGNATED AS UFT FIELD PER DOCKET #01-0299858.”

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 Gas112016-05-16217984
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
CondensateDisposition56,304 bbl$4,112,296
GasProduction508,813 Mcf$1,713,967
Total$5,826,263

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 35.4452, -100.0494. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.44521, -100.04937 · 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
11,422 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 11,422 ft.

Completions filed
Mar 2014
1 of 1 wells

1 well

42-483338093003H11,422 ftMar 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 (147)

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

147 months

May 20264790106.413.05$2,832
Apr 2026468198.932.87$2,350
Mar 20262987089.753.15$5,343
Feb 2026961,04463.503.75$10,011
Jan 202671,40459.138.00$11,643
Dec 202561,10756.664.41$5,226
Nov 202571,08058.593.93$4,651
Oct 2025683559.383.30$3,116
Sep 2025580262.743.08$2,781
Aug 2025493163.933.01$3,062
Jul 20251121,17466.743.32$11,367
Jun 202581,24766.483.13$4,433
May 2025101,30560.553.23$4,824
Apr 202591,18762.363.54$4,767
Mar 202561,21967.704.27$5,609
Feb 202571,28870.884.34$6,087
Jan 20251181,38274.324.28$14,683
Dec 202471,36968.993.12$4,756
Nov 202491,31369.052.20$3,508
Oct 202491,34171.372.28$3,702
Sep 202471,30969.612.36$3,582
Aug 202461,47275.632.06$3,491
Jul 2024981,53279.932.15$11,122
Jun 20241901,46478.082.63$18,691
May 202481,56978.812.20$4,080
Apr 202481,55084.451.66$3,247
Mar 202471,30980.301.55$2,585
Feb 202481,23776.091.78$2,815
Jan 202451,20473.023.30$4,335
Dec 202381,31871.262.61$4,011
Nov 2023101,31577.892.81$4,471
Oct 20231931,44285.443.09$20,942
Sep 202371,54889.042.74$4,857
Aug 202351,51780.522.67$4,457
Jul 202371,53774.852.64$4,584
Jun 202361,47868.962.26$3,752
May 202381,57570.622.23$4,073
Apr 202361,55778.122.24$3,953
Mar 20231911,62872.852.39$17,810
Feb 202381,45175.112.47$4,179
Jan 202391,61976.533.39$6,173
Dec 202291,66476.415.73$10,221
Nov 202261,56585.005.65$9,346
Oct 20221941,63287.185.86$26,483
Sep 202261,46584.888.16$12,469
Aug 202261,67794.529.13$15,873
Jul 202231,646101.587.54$12,719
Jun 202251,602115.097.98$13,355
May 202261,681109.378.43$14,832
Apr 20221881,661104.226.84$30,951
Mar 20221871,704108.885.08$29,011
Feb 202281,44691.054.86$7,754
Jan 202261,73681.844.54$8,368
Dec 202191,79971.323.90$7,656
Nov 202191,74177.435.24$9,814
Oct 202181,80179.795.71$10,929
Sep 20211901,66469.865.35$22,177
Aug 202161,72766.024.22$7,685
Jul 202161,69970.783.98$7,190
Jun 202171,88769.493.38$6,866
May 20211861,89563.483.02$17,526
Apr 2021111,76560.362.76$5,533
Mar 2021112,27761.302.72$6,861
Feb 202151,24657.805.55$7,202
Jan 20211991,51350.412.81$14,284
Dec 2020131,68744.642.68$5,094
Nov 2020191,70038.772.71$5,338
Oct 2020202,03436.972.48$5,781
Sep 20202052,00337.091.99$11,592
Aug 2020122,10739.982.39$5,505
Jul 2020112,28838.371.83$4,598
Jun 2020132,40234.901.69$4,514
May 20201942,23516.921.81$7,338
Apr 2020262,37714.751.80$4,673
Mar 2020232,46630.341.86$5,275
Feb 2020202,53649.881.98$6,021
Jan 20202132,79557.252.09$18,049
Dec 2019312,73659.012.30$8,134
Nov 20192152,67155.302.75$19,237
Oct 2019312,90653.472.42$8,686
Sep 2019252,75355.052.66$8,692
Aug 20191992,82753.112.30$17,083
Jul 2019202,85256.272.46$8,141
Jun 20191962,86652.782.49$17,485
May 2019123,02058.482.74$8,978
Apr 20191922,32162.632.75$18,409
Mar 2019173,34156.803.06$11,196
Feb 20192033,22050.852.79$19,314
Jan 2019183,55246.033.23$12,295
Dec 20182073,54846.594.19$24,494
Nov 2018223,43052.934.24$15,698
Oct 20181973,75361.443.40$24,857
Sep 2018163,71159.543.11$12,486
Aug 20181933,85359.403.07$23,280
Jul 20181813,81865.142.93$22,984
Jun 2018113,86360.183.08$12,548
May 20181993,99065.382.90$24,585
Apr 20182013,93963.842.90$24,258
Mar 20182024,08461.222.79$23,748
Feb 2018183,81361.782.77$11,659
Jan 20183884,35162.874.01$41,838
Dec 20172094,56857.272.92$25,315
Nov 2017184,40855.423.12$14,743
Oct 20174044,56749.292.98$33,540
Sep 20171994,77747.523.09$24,204
Aug 20172044,95745.373.00$24,148
Jul 20171924,12143.873.09$21,146
Jun 20172043,92242.493.09$20,776
May 20173863,92645.373.26$30,325
Apr 2017324,11747.933.21$14,756
Mar 20173954,05546.772.98$30,573
Feb 20172103,81050.452.95$21,844
Jan 20172094,31449.413.42$25,075
Dec 20162054,25448.763.72$25,833
Nov 20163774,26442.492.64$27,294
Oct 20163894,63646.193.09$32,294
Sep 20163814,51041.553.10$29,814
Aug 20161964,66841.442.92$21,773
Jul 20165515,01341.622.92$37,592
Jun 20161924,95045.352.69$22,002
May 20163895,08742.521.99$26,669
Apr 20163915,22336.561.99$24,694
Mar 20164065,39233.011.79$23,075
Feb 20165805,18126.472.06$26,044
Jan 20165685,93027.352.36$29,555
Dec 20155906,39032.362.00$31,881
Nov 20154126,27638.792.17$29,584
Oct 20157936,71443.552.43$50,827
Sep 20157416,66642.992.76$50,243
Aug 20155657,04540.162.87$42,927
Jul 20159367,24548.152.95$66,406
Jun 20159247,43956.152.88$73,328
May 20159368,11455.212.96$75,657
Apr 20151,1217,74749.822.71$76,816
Mar 20151,2807,81542.892.93$77,834
Feb 20151,1217,03744.662.98$71,007
Jan 20151,5297,51443.433.10$89,703
Dec 20141,3277,35854.693.59$98,999
Nov 20141,5196,86170.464.25$136,201
Oct 20141,5005,43378.303.90$138,644
Sep 20141941,11086.164.05$21,205
Aug 20143,22410,23289.394.04$329,481
Jul 20143,47114,39396.564.18$395,317
Jun 20144,46115,29098.164.74$510,319
May 20146,26721,24894.734.73$694,103
Apr 20148,13123,50195.944.81$893,107
Mar 20141,6835,39495.895.06$188,659

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             4 bbl  × $106.41 =       $426
Gas                  790 Mcf  × $  3.05 =     $2,406

────────────────────────────────────────────────────
Month total                                   $2,832

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/276098 is the state's own key, not one this site invented.