JILL 54

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 276584District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.5 M
Jun 2014 – May 2026
Value, last 12 filed months
$194 k
at the published price for each month
Months reported
144
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 Gas112016-05-18213980
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
CondensateDisposition19,829 bbl$1,211,885
GasProduction967,625 Mcf$3,281,045
Total$4,492,930

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 35.3732, -100.0209. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.37320, -100.02088 · 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
12,904 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 12,904 ft.

Completions filed
Jun 2014
1 of 1 wells

1 well

42-483338158054H12,904 ftJun 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 (144)

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

144 months

May 2026173,461106.413.05$12,351
Apr 2026353,12498.932.87$12,428
Mar 2026563,56589.753.15$16,254
Feb 2026203,24163.503.75$13,425
Jan 2026263,60859.138.00$30,394
Dec 2025823,56656.664.41$20,384
Nov 2025413,54858.593.93$16,333
Oct 2025633,57859.383.30$15,566
Sep 2025483,64162.743.08$14,215
Aug 2025424,09263.933.01$15,021
Jul 2025363,42666.743.32$13,761
Jun 2025313,64266.483.13$13,456
May 2025523,55360.553.23$14,633
Apr 2025413,26662.363.54$14,129
Mar 2025303,46767.704.27$16,829
Feb 2025342,53470.884.34$13,410
Jan 2025353,24774.324.28$16,494
Dec 2024512,95468.993.12$12,739
Nov 2024543,05369.052.20$10,441
Oct 2024423,10271.372.28$10,074
Sep 2024182,91569.612.36$8,145
Aug 2024382,63375.632.06$8,307
Jul 2024272,92579.932.15$8,437
Jun 20241163,02578.082.63$17,025
May 2024103,22278.812.20$7,871
Apr 202472,33384.451.66$4,462
Mar 2024292,80580.301.55$6,663
Feb 2024212,85076.091.78$6,681
Jan 2024162,65273.023.30$9,914
Dec 2023323,39371.262.61$11,138
Nov 2023223,70477.892.81$12,113
Oct 2023353,12985.443.09$12,651
Sep 2023162,80889.042.74$9,105
Aug 2023183,41380.522.67$10,572
Jul 2023303,26274.852.64$10,863
Jun 2023353,04268.962.26$9,284
May 2023162,91170.622.23$7,614
Apr 2023393,23978.122.24$10,295
Mar 2023113,21172.852.39$8,486
Feb 2023453,01075.112.47$10,802
Jan 2023902,91676.533.39$16,766
Dec 2022363,03876.415.73$20,156
Nov 2022411,89485.005.65$14,179
Oct 2022293,35587.185.86$22,201
Sep 2022272,49984.888.16$22,693
Aug 2022192,41194.529.13$23,801
Jul 2022112,518101.587.54$20,108
Jun 2022142,556115.097.98$22,001
May 2022123,115109.378.43$27,581
Apr 2022343,001104.226.84$24,063
Mar 2022432,867108.885.08$19,236
Feb 2022362,53991.054.86$15,614
Jan 2022653,49681.844.54$21,183
Dec 20211344,01471.323.90$25,208
Nov 2021384,25677.435.24$25,230
Oct 2021604,32379.795.71$29,488
Sep 2021744,03569.865.35$26,761
Aug 2021734,72766.024.22$24,770
Jul 2021494,45970.783.98$21,224
Jun 2021494,44969.493.38$18,445
May 2021165,08363.483.02$16,355
Apr 2021344,19660.362.76$13,627
Mar 2021686,51361.302.72$21,864
Feb 2021303,37057.805.55$20,431
Jan 20212056,63850.412.81$28,989
Dec 2020165,34244.642.68$15,007
Nov 2020204,45338.772.71$12,828
Oct 2020254,82936.972.48$12,893
Sep 2020284,68437.091.99$10,365
Aug 20202034,64339.982.39$19,190
Jul 2020214,07338.371.83$8,239
Jun 2020234,04434.901.69$7,638
May 2020753,46316.921.81$7,553
Apr 2020333,22414.751.80$6,304
Mar 2020233,84130.341.86$7,828
Feb 20201953,05249.881.98$15,772
Jan 2020244,03957.252.09$9,835
Dec 2019353,86059.012.30$10,960
Nov 2019243,70655.302.75$11,521
Oct 2019533,55553.472.42$11,432
Sep 2019483,56355.052.66$12,110
Aug 2019293,94153.112.30$10,622
Jul 20191093,69656.272.46$15,226
Jun 2019284,08152.782.49$11,644
May 2019774,53658.482.74$16,933
Apr 2019604,55962.632.75$16,298
Mar 2019314,92356.803.06$16,836
Feb 2019423,66750.852.79$12,375
Jan 20192254,30646.033.23$24,257
Dec 2018195,75046.594.19$24,951
Nov 2018223,66352.934.24$16,685
Oct 20182323,51461.443.40$26,195
Sep 20182103,63859.543.11$23,810
Aug 20182534,14859.403.07$27,748
Jul 20181253,49865.142.93$18,398
Jun 20181485,15860.183.08$24,777
May 20181114,75065.382.90$21,036
Apr 20181125,22463.842.90$22,304
Mar 20181205,39461.222.79$22,379
Feb 2018824,67561.782.77$17,998
Jan 20182155,84962.874.01$36,968
Dec 20171625,50257.272.92$25,352
Nov 20171405,77855.423.12$25,777
Oct 20171665,36649.292.98$24,193
Sep 20172914,11247.523.09$26,523
Aug 2017804,50445.373.00$17,161
Jul 20171894,70543.873.09$22,817
Jun 20171484,75542.493.09$20,969
May 20171334,84845.373.26$21,855
Apr 2017645,25547.933.21$19,944
Mar 20172655,34146.772.98$28,330
Feb 20172144,93150.452.95$25,356
Jan 20172306,03949.413.42$32,010
Dec 20162475,84548.763.72$33,804
Nov 20161935,99642.492.64$24,056
Oct 20161896,32546.193.09$28,276
Sep 20161086,34341.553.10$24,155
Aug 2016666,95041.442.92$23,059
Jul 2016806,91441.622.92$23,548
Jun 20162016,87645.352.69$27,583
May 20161797,94942.521.99$23,438
Apr 20162147,85736.561.99$23,467
Mar 20163098,63233.011.79$25,686
Feb 201626310,75626.472.06$29,158
Jan 201629210,12027.352.36$31,914
Dec 201535610,15532.362.00$31,844
Nov 201536710,64438.792.17$37,305
Oct 201531311,90743.552.43$42,524
Sep 201531012,29742.992.76$47,247
Aug 201534813,99040.162.87$54,162
Jul 201524714,94048.152.95$55,893
Jun 201536514,81856.152.88$63,213
May 201528515,88855.212.96$62,691
Apr 201552915,77349.822.71$69,046
Mar 201516618,23642.892.93$60,637
Feb 201534416,72844.662.98$65,149
Jan 201538820,13043.433.10$79,267
Dec 201454922,57054.693.59$111,082
Nov 201448723,67670.464.25$134,981
Oct 201472128,65578.303.90$168,236
Sep 201477333,10286.164.05$200,514
Aug 201496342,08189.394.04$255,884
Jul 20141,34858,36696.564.18$374,109
Jun 201474758,21198.164.74$349,064

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            17 bbl  × $106.41 =     $1,809
Gas                3,461 Mcf  × $  3.05 =    $10,542

────────────────────────────────────────────────────
Month total                                  $12,351

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/276584 is the state's own key, not one this site invented.