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STILES 68

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 276587District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.5 M
Feb 2014 – May 2026
Value, last 12 filed months
$492 k
at the published price for each month
Months reported
148
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 Gas112016-07-22213643
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
CondensateDisposition34,003 bbl$2,722,941
GasProduction200,743 Mcf$804,221
Total$3,527,162

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 35.4432, -100.0427. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.44315, -100.04272 · 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
13,511 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 13,511 ft.

Completions filed
Feb 2014
1 of 1 wells

1 well

42-483337943168H13,511 ftFeb 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 (148)

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

148 months

May 20264192,212106.413.05$51,323
Apr 20263122,14298.932.87$37,013
Mar 20264021,67189.753.15$41,342
Feb 20267642,60963.503.75$58,299
Jan 20262392,85859.138.00$36,990
Dec 20255213,19656.664.41$43,625
Nov 20254153,03858.593.93$36,243
Oct 20255223,13959.383.30$41,370
Sep 20253012,87762.743.08$27,737
Aug 20255082,82563.933.01$40,993
Jul 20254822,83866.743.32$41,577
Jun 20253913,09466.483.13$35,674
May 20253793,18260.553.23$33,234
Apr 20254683,06262.363.54$40,034
Mar 20252693,57867.704.27$33,483
Feb 20252732,95870.884.34$32,190
Jan 20252842,89074.324.28$33,472
Dec 20242133,00768.993.12$24,081
Nov 20242612,80469.052.20$24,186
Oct 20242592,93271.372.28$25,174
Sep 20242652,84469.612.36$25,171
Aug 20242032,73375.632.06$20,993
Jul 20241972,72879.932.15$21,602
Jun 20242172,67878.082.63$23,997
May 20242162,70478.812.20$22,968
Apr 20242292,78884.451.66$23,965
Mar 20242472,94780.301.55$24,388
Feb 20242612,82076.091.78$24,889
Jan 20241881,97473.023.30$20,237
Dec 20231873,03571.262.61$21,249
Nov 20233362,89877.892.81$34,307
Oct 20233582,83185.443.09$39,328
Sep 20234162,71889.042.74$44,474
Aug 20237072,79680.522.67$64,401
Jul 20237032,99174.852.64$60,521
Jun 20236483,09468.962.26$51,674
May 20238743,31670.622.23$69,108
Apr 20231,1673,28978.122.24$98,526
Mar 20239023,23772.852.39$73,457
Feb 20237583,27875.112.47$65,016
Jan 20234763,38676.533.39$47,899
Dec 20229702,91676.415.73$90,824
Nov 20228683,51685.005.65$93,632
Oct 20227773,23487.185.86$86,702
Sep 20227833,36284.888.16$93,907
Aug 20227713,59994.529.13$105,724
Jul 20221,1663,527101.587.54$145,043
Jun 20228113,644115.097.98$122,407
May 20221,0453,673109.378.43$145,266
Apr 20221,2153,602104.226.84$151,256
Mar 20221,0994,254108.885.08$141,254
Feb 20221,0453,97391.054.86$114,451
Jan 20228754,47481.844.54$91,912
Dec 20216664,28271.323.90$64,195
Nov 20214904,07777.435.24$59,291
Oct 20214064,13979.795.71$56,044
Sep 20214944,06669.865.35$56,268
Aug 20215064,06166.024.22$50,546
Jul 20215474,02970.783.98$54,760
Jun 20217573,86669.493.38$65,673
May 20218415,04063.483.02$68,596
Apr 20216345,41260.362.76$53,197
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0

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           419 bbl  × $106.41 =    $44,586
Gas                2,212 Mcf  × $  3.05 =     $6,737

────────────────────────────────────────────────────
Month total                                  $51,323

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/276587 is the state's own key, not one this site invented.