STILES 17

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 280121District 10Field 861252502 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.8 M
Jan 2016 – May 2026
Value, last 12 filed months
$340 k
at the published price for each month
Months reported
125
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 Gas112016-10-06219318
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
CondensateDisposition71,321 bbl$3,342,280
GasProduction2,184,294 Mcf$6,448,692
Total$9,790,972

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 35.4599, -100.0608. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.45990, -100.06076 · 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
12,762 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 12,762 ft.

Completions filed
Jan 2016
1 of 1 wells

1 well

42-483339121917H12,762 ftJan 2016

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 (125)

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

125 months

May 2026305,955106.413.05$21,330
Apr 2026955,56698.932.87$25,371
Mar 2026935,64089.753.15$26,110
Feb 20261235,88463.503.75$29,877
Jan 2026454,71259.138.00$40,347
Dec 2025836,14356.664.41$31,814
Nov 2025685,87358.593.93$27,044
Oct 20251525,82559.383.30$28,276
Sep 2025585,60262.743.08$20,876
Aug 20251665,90263.933.01$28,405
Jul 20251845,76366.743.32$31,386
Jun 20251815,49466.483.13$29,222
May 20252676,09660.553.23$35,871
Apr 20251795,63562.363.54$31,128
Mar 20251336,23867.704.27$35,630
Feb 20251555,32670.884.34$34,106
Jan 20252735,72974.324.28$44,802
Dec 20242366,17068.993.12$35,540
Nov 20242426,11569.052.20$30,154
Oct 20242006,09871.372.28$28,186
Sep 20242175,81369.612.36$28,849
Aug 20242396,26775.632.06$31,008
Jul 20242316,61479.932.15$32,661
Jun 20241956,12778.082.63$31,364
May 20241966,78478.812.20$30,361
Apr 20241227,13684.451.66$22,143
Mar 2024437,37180.301.55$14,842
Feb 20241676,98276.091.78$25,160
Jan 20241607,79173.023.30$37,375
Dec 202377,94971.262.61$21,251
Nov 20231546,82277.892.81$31,148
Oct 20233346,63985.443.09$49,033
Sep 20233066,31489.042.74$44,515
Aug 20232327,06680.522.67$37,567
Jul 20233047,26174.852.64$41,937
Jun 20234796,14168.962.26$46,901
May 20232046,68270.622.23$29,290
Apr 20231987,20078.122.24$31,580
Mar 20231618,54072.852.39$32,166
Feb 20232077,87475.112.47$34,963
Jan 20231188,23876.533.39$36,939
Dec 20221817,78976.415.73$58,454
Nov 20222268,32585.005.65$66,215
Oct 20222718,36087.185.86$72,647
Sep 20223118,63384.888.16$96,875
Aug 20222229,21594.529.13$105,090
Jul 20221499,286101.587.54$85,171
Jun 20222568,753115.097.98$99,287
May 20223149,579109.378.43$115,122
Apr 20221758,373104.226.84$75,490
Mar 20221989,220108.885.08$68,363
Feb 20221798,30891.054.86$56,665
Jan 20221979,26581.844.54$58,164
Dec 20211979,57371.323.90$51,376
Nov 20211818,85777.435.24$60,398
Oct 20211789,83279.795.71$70,381
Sep 20211839,50069.865.35$63,618
Aug 20211889,95766.024.22$54,436
Jul 202116210,19070.783.98$52,044
Jun 202116310,01869.493.38$45,194
May 202117410,42363.483.02$42,499
Apr 202121110,67660.362.76$42,185
Mar 202118011,24761.302.72$41,591
Feb 20211028,88057.805.55$55,161
Jan 202118611,21750.412.81$40,899
Dec 202034711,11044.642.68$45,214
Nov 20207611,15938.772.71$33,149
Oct 202018211,76336.972.48$35,882
Sep 202017811,56437.091.99$29,626
Aug 202020312,35739.982.39$37,589
Jul 202033212,61638.371.83$35,765
Jun 202017311,92034.901.69$26,186
May 202021812,69616.921.81$26,729
Apr 202022612,35314.751.80$25,623
Mar 202018412,59230.341.86$28,956
Feb 202017912,01649.881.98$32,728
Jan 202021713,48657.252.09$40,673
Dec 201924913,34159.012.30$45,436
Nov 201925613,74055.302.75$51,951
Oct 201937314,18453.472.42$54,249
Sep 201958813,68755.052.66$68,740
Aug 201946513,58653.112.30$56,003
Jul 201954912,51656.272.46$61,682
Jun 201942212,86252.782.49$54,315
May 201936413,80358.482.74$59,111
Apr 201934113,37362.632.75$58,142
Mar 201920614,12856.803.06$54,962
Feb 20192613,20150.852.79$38,182
Jan 201922014,91346.033.23$58,268
Dec 201821315,75146.594.19$75,849
Nov 201822415,68552.934.24$78,317
Oct 201822116,57361.443.40$69,895
Sep 201840016,90259.543.11$76,347
Aug 201820518,39259.403.07$68,577
Jul 201838518,70965.142.93$79,931
Jun 201838818,65660.183.08$80,753
May 201840619,67865.382.90$83,626
Apr 201859119,24563.842.90$93,555
Mar 201841619,94961.222.79$81,062
Feb 201840817,98361.782.77$74,949
Jan 201859820,49262.874.01$119,755
Dec 201748120,83957.272.92$88,428
Nov 201759119,26455.423.12$92,825
Oct 201762619,68849.292.98$89,598
Sep 201791820,36747.523.09$106,502
Aug 20171,04421,91745.373.00$113,214
Jul 201782823,37643.873.09$108,493
Jun 201778123,52742.493.09$105,819
May 20171,01025,35645.373.26$128,570
Apr 201785326,43847.933.21$125,793
Mar 20171,10129,14146.772.98$138,441
Feb 20171,05229,46450.452.95$140,069
Jan 20171,02835,59549.413.42$172,486
Dec 20161,26539,13748.763.72$207,382
Nov 20161,53041,14542.492.64$173,811
Oct 20161,39846,68446.193.09$208,839
Sep 20161,97249,67441.553.10$235,957
Aug 20161,89055,51941.442.92$240,678
Jul 20161,79962,19441.622.92$256,751
Jun 20162,35969,93645.352.69$294,817
May 20162,42584,74342.521.99$271,838
Apr 20163,87196,58636.561.99$333,830
Mar 20164,935111,82633.011.79$363,521
Feb 20167,471111,45626.472.06$427,761
Jan 20167,043104,58827.352.36$439,910

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            30 bbl  × $106.41 =     $3,192
Gas                5,955 Mcf  × $  3.05 =    $18,138

────────────────────────────────────────────────────
Month total                                  $21,330

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/280121 is the state's own key, not one this site invented.