MineralRecord
Log inSign up

STILES 17

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.

Oil lease lease 8972District 10Field 61691235OilCasinghead gasSaveExport
Value, all time
$21.2 M
Jul 2013 – May 2026
Value, last 12 filed months
$214 k
at the published price for each month
Months reported
155
no gaps in the span
Streams
2
oil, casinghead 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.”

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
OilDisposition215,218 bbl$16,623,573
Casinghead gasProduction1,391,307 Mcf$4,610,222
Total$21,233,795

Wells on this lease (4)

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 35.4714, -100.0679. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

35.46997, -100.06796 · 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 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
10,538 ft
4 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.
4100.0%

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

Between 10,478 and 10,646 ft, median 10,538 ft, over the 4 wells that filed a depth.

Completions filed
Jul 2013 – Jun 2014
4 of 4 wells

4 wells

42-483338211717H10,582 ftJun 2014——
42-483338221817H10,646 ftJun 2014——
42-483336541617H10,478 ftJul 2013——
42-483336441517H10,493 ftJul 2013——

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 (155)

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

155 months

May 2026132,715106.413.05$9,653
Apr 2026162,78198.932.87$9,564
Mar 20262712,79089.753.15$33,109
Feb 20261702,69363.503.75$20,895
Jan 2026193,29959.138.00$27,509
Dec 2025173,07956.664.41$14,552
Nov 20252322,95658.593.93$25,199
Oct 2025263,33159.383.30$12,552
Sep 2025183,30662.743.08$11,302
Aug 2025163,40163.933.01$11,276
Jul 20251303,37166.743.32$19,852
Jun 20251203,25766.483.13$18,168
May 20251833,45060.553.23$22,232
Apr 20251063,28562.363.54$18,249
Mar 20252023,55167.704.27$28,832
Feb 2025153,19470.884.34$14,928
Jan 2025183,29674.324.28$15,440
Dec 20242023,37268.993.12$24,461
Nov 2024263,63569.052.20$9,787
Oct 20242633,95571.372.28$27,793
Sep 2024223,97369.612.36$10,925
Aug 2024163,92475.632.06$9,308
Jul 20241814,33379.932.15$23,769
Jun 20243554,12278.082.63$38,576
May 2024224,37478.812.20$11,350
Apr 2024275,17184.451.66$10,860
Mar 20242043,53380.301.55$21,840
Feb 20242063,68176.091.78$22,240
Jan 2024913,43973.023.30$17,985
Dec 2023243,92771.262.61$11,963
Nov 2023313,92277.892.81$13,426
Oct 20233834,00785.443.09$45,094
Sep 2023184,08789.042.74$12,781
Aug 20231974,36880.522.67$27,538
Jul 20233574,68374.852.64$39,093
Jun 2023194,34068.962.26$11,112
May 2023264,92170.622.23$12,797
Apr 20231874,81278.122.24$25,377
Mar 20233294,71172.852.39$35,242
Feb 20232064,90975.112.47$27,577
Jan 20232065,14976.533.39$33,209
Dec 20221984,90976.415.73$43,253
Nov 2022225,42785.005.65$32,512
Oct 20223915,47087.185.86$66,162
Sep 20222116,06084.888.16$67,382
Aug 2022236,28994.529.13$59,575
Jul 20221905,746101.587.54$62,637
Jun 20223685,591115.097.98$86,954
May 2022225,615109.378.43$49,758
Apr 20223665,824104.226.84$77,967
Mar 2022185,504108.885.08$29,900
Feb 20223665,27491.054.86$58,950
Jan 20223815,75581.844.54$57,295
Dec 2021306,28771.323.90$26,653
Nov 20215786,10977.435.24$76,746
Oct 2021265,97979.795.71$36,238
Sep 20212025,91369.865.35$45,752
Aug 20213876,12766.024.22$51,409
Jul 20212056,29770.783.98$39,585
Jun 2021236,12269.493.38$22,294
May 20212016,24163.483.02$31,593
Apr 20214056,48160.362.76$42,323
Mar 20212157,22561.302.72$32,809
Feb 20213913,55557.805.55$42,323
Jan 2021386,33350.412.81$19,713
Dec 20204236,49444.642.68$36,257
Nov 20202606,80938.772.71$28,509
Oct 20202686,59836.972.48$26,261
Sep 20204116,48537.091.99$28,156
Aug 20204367,23939.982.39$34,697
Jul 20202437,58438.371.83$23,166
Jun 20204557,73934.901.69$28,961
May 20202707,59616.921.81$18,353
Apr 20204287,17614.751.80$19,261
Mar 20204166,85930.341.86$25,353
Feb 20205926,68149.881.98$42,762
Jan 2020705,42657.252.09$15,374
Dec 20194386,27559.012.30$40,306
Nov 20194156,37955.302.75$40,496
Oct 20192727,16153.472.42$31,863
Sep 20195738,06555.052.66$52,975
Aug 20195136,91353.112.30$43,175
Jul 20193808,46156.272.46$42,197
Jun 20193697,31252.782.49$37,691
May 20194978,51858.482.74$52,407
Apr 20197149,68162.632.75$71,347
Mar 20193979,28856.803.06$50,990
Feb 20195476,57650.852.79$46,177
Jan 20195608,69846.033.23$53,856
Dec 20185749,93146.594.19$68,308
Nov 20185828,80652.934.24$68,118
Oct 201889411,40561.443.40$93,682
Sep 20186398,05459.543.11$63,078
Aug 20186508,52459.403.07$64,749
Jul 20181,0059,16865.142.93$92,345
Jun 20189618,79560.183.08$84,894
May 20188049,40965.382.90$79,859
Apr 20187788,79763.842.90$75,186
Mar 20188529,80961.222.79$79,496
Feb 20186019,21561.782.77$62,620
Jan 20184949,08462.874.01$67,478
Dec 20178866,35757.272.92$69,313
Nov 201751410,68355.423.12$61,799
Oct 201764910,66849.292.98$63,819
Sep 201769910,07447.523.09$64,318
Aug 20171,11111,94245.373.00$86,285
Jul 201772512,62943.873.09$70,795
Jun 201793013,05142.493.09$79,808
May 201772813,81545.373.26$78,113
Apr 201761613,96847.933.21$74,385
Mar 20171,28914,26846.772.98$102,858
Feb 201798513,73650.452.95$90,250
Jan 20171,42814,00549.413.42$118,438
Dec 201673111,84148.763.72$79,726
Nov 20161,25116,45042.492.64$96,655
Oct 20161,43120,46146.193.09$129,328
Sep 20161,55322,63241.553.10$134,701
Aug 20161,82419,36841.442.92$132,225
Jul 20161,10417,38641.622.92$96,791
Jun 20161,42915,95145.352.69$107,647
May 20161,12813,84942.521.99$75,536
Apr 20161,47212,99536.561.99$79,690
Mar 20161,45213,63133.011.79$72,385
Feb 20161,66414,34626.472.06$73,651
Jan 20162,47915,38227.352.36$104,169
Dec 20151,75413,72832.362.00$84,235
Nov 20152,29914,77738.792.17$121,205
Oct 20152,05717,97043.552.43$133,188
Sep 20152,16418,36942.992.76$143,700
Aug 20152,35420,47640.162.87$153,354
Jul 20152,54822,10748.152.95$187,793
Jun 20153,04221,28956.152.88$232,182
May 20153,74317,09755.212.96$257,180
Apr 20152,87016,01549.822.71$186,329
Mar 20152,84815,90142.892.93$168,816
Feb 20152,93413,40744.662.98$170,934
Jan 20152,46812,57843.433.10$146,185
Dec 20142,98712,52154.693.59$208,326
Nov 20143,53911,33470.464.25$297,548
Oct 20144,09411,37478.303.90$364,930
Sep 20143,1877,91186.164.05$306,595
Aug 20144,6249,75889.394.04$452,714
Jul 20144,55410,16196.564.18$482,203
Jun 20141,27578398.164.74$128,863
May 20145,14419,39794.734.73$578,972
Apr 20145,29317,85795.944.81$593,687
Mar 20146,43616,25895.895.06$699,361
Feb 20145,51812,01097.406.19$611,819
Jan 20144,1948,27590.404.86$419,360
Dec 20132,6013,07291.824.35$252,201
Nov 20134,48212,31088.853.74$444,244
Oct 201314,02536,92197.423.78$1,505,853
Sep 201314,95534,571104.113.72$1,685,491
Aug 201326,00437,994104.253.52$2,844,755
Jul 201313,9393,352102.523.72$1,441,488

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
Oil                   13 bbl  × $106.41 =     $1,383
Casinghead gas     2,715 Mcf  × $  3.05 =     $8,269

────────────────────────────────────────────────────
Month total                                   $9,653

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/O/8972 is the state's own key, not one this site invented.