STILES 4B

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 9048District 10Field 61691235OilCasinghead gasSaveExport
Value, all time
$20.4 M
Oct 2012 – May 2026
Value, last 12 filed months
$146 k
at the published price for each month
Months reported
164
no gaps in the span
Streams
2
oil, casinghead 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 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
OilDisposition175,088 bbl$15,231,978
Casinghead gasProduction1,443,134 Mcf$5,165,913
Total$20,397,891

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 35.4584, -100.0748. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.45837, -100.07480 · 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
10,658 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 10,658 ft.

Completions filed
Oct 2012
1 of 1 wells

1 well

42-483335261804H10,658 ftOct 2012

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 (164)

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

164 months

May 2026102,166106.413.05$7,661
Apr 2026152,47198.932.87$8,575
Mar 2026142,57689.753.15$9,369
Feb 2026132,76763.503.75$11,203
Jan 2026192,60559.138.00$21,958
Dec 20251543,33656.664.41$23,449
Nov 2025132,79758.593.93$11,744
Oct 2025192,22259.383.30$8,472
Sep 202592,14362.743.08$7,159
Aug 2025142,59363.933.01$8,712
Jul 2025163,02166.743.32$11,083
Jun 20251342,35766.483.13$16,283
May 2025233,11260.553.23$11,452
Apr 2025202,47062.363.54$9,999
Mar 2025163,45867.704.27$15,843
Feb 2025142,74770.884.34$12,917
Jan 20251553,35674.324.28$25,879
Dec 2024173,37468.993.12$11,704
Nov 2024233,36969.052.20$8,995
Oct 20241713,39171.372.28$19,941
Sep 2024193,49469.612.36$9,584
Aug 2024143,37075.632.06$8,013
Jul 2024173,27379.932.15$8,385
Jun 20241952,82678.082.63$22,669
May 2024173,23878.812.20$8,458
Apr 2024173,12984.451.66$6,627
Mar 2024193,28980.301.55$6,608
Feb 2024213,25776.091.78$7,407
Jan 20241832,86773.023.30$22,817
Dec 2023203,36071.262.61$10,197
Nov 2023273,38377.892.81$11,601
Oct 2023253,55685.443.09$13,114
Sep 20231943,04589.042.74$25,602
Aug 2023123,32580.522.67$9,854
Jul 2023173,48274.852.64$10,471
Jun 2023143,48068.962.26$8,825
May 20232043,32570.622.23$21,813
Apr 2023143,49878.122.24$8,921
Mar 2023163,78272.852.39$10,217
Feb 2023163,65475.112.47$10,211
Jan 20232103,87876.533.39$29,209
Dec 2022202,89576.415.73$18,114
Nov 2022153,81485.005.65$22,810
Oct 2022103,08887.185.86$18,979
Sep 2022143,24684.888.16$27,688
Aug 20222023,46494.529.13$50,710
Jul 202273,258101.587.54$25,283
Jun 20221833,686115.097.98$50,465
May 2022163,845109.378.43$34,175
Apr 2022105,073104.226.84$35,729
Mar 2022113,534108.885.08$19,138
Feb 2022162,95991.054.86$15,834
Jan 2022113,69381.844.54$17,658
Dec 20211943,66371.323.90$28,119
Nov 20212053,81877.435.24$35,867
Oct 2021194,14379.795.71$25,189
Sep 2021144,11969.865.35$23,018
Aug 20211933,39166.024.22$27,054
Jul 2021123,35870.783.98$14,221
Jun 202192,41369.493.38$8,783
May 202192,58563.483.02$8,372
Apr 2021172,93260.362.76$9,114
Mar 2021193,97061.302.72$11,951
Feb 202141,60457.805.55$9,130
Jan 2021253,29650.412.81$10,523
Dec 20203894,70244.642.68$29,945
Nov 2020434,45738.772.71$13,730
Oct 2020464,98736.972.48$14,061
Sep 20202084,83937.091.99$17,349
Aug 20202164,65439.982.39$19,736
Jul 2020264,62538.371.83$9,439
Jun 2020344,82134.901.69$9,336
May 20202154,93816.921.81$12,599
Apr 2020375,06114.751.80$9,678
Mar 2020305,12130.341.86$10,416
Feb 20202164,56449.881.98$19,814
Jan 2020325,28057.252.09$12,892
Dec 2019405,14859.012.30$14,223
Nov 20192165,17255.302.75$26,171
Oct 20192145,20853.472.42$24,038
Sep 2019294,24555.052.66$12,877
Aug 2019262,54353.112.30$7,241
Jul 20192093,47456.272.46$20,307
Jun 2019235,28352.782.49$14,375
May 20191975,67858.482.74$27,080
Apr 2019131,81362.632.75$5,801
Mar 2019181,62556.803.06$5,998
Feb 20191782450.852.79$3,165
Jan 2019202,10046.033.23$7,700
Dec 2018162,24846.594.19$10,154
Nov 20181621,59552.934.24$15,333
Oct 20182076,04961.443.40$33,273
Sep 2018183,27159.543.11$11,238
Aug 20181642,15759.403.07$16,356
Jul 2018103,00065.142.93$9,447
Jun 20181923,54260.183.08$22,453
May 2018203,86865.382.90$12,528
Apr 20182054,47363.842.90$26,062
Mar 2018243,35461.222.79$10,816
Feb 2018202,39161.782.77$7,849
Jan 2018223,82462.874.01$16,715
Dec 20172114,29657.272.92$24,635
Nov 2017194,79055.423.12$15,990
Oct 20172045,72349.292.98$27,131
Sep 2017154,05347.523.09$13,226
Aug 2017224,86445.373.00$15,612
Jul 20171958,95743.873.09$36,207
Jun 20172068,43242.493.09$34,785
May 20172178,06945.373.26$36,178
Apr 2017408,39747.933.21$28,885
Mar 20172268,71546.772.98$36,573
Feb 20172268,63350.452.95$36,892
Jan 201740110,13049.413.42$54,446
Dec 201621110,95248.763.72$51,061
Nov 201640311,00242.492.64$46,217
Oct 201641012,08546.193.09$56,284
Sep 20162008,82041.553.10$35,658
Aug 201637911,93641.442.92$50,611
Jul 201637913,61741.622.92$55,595
Jun 201690613,52945.352.69$77,424
May 20163807,11942.521.99$30,332
Apr 20169225,37036.561.99$44,400
Mar 2016415,98633.011.79$12,092
Feb 20161985,87826.472.06$17,371
Jan 20163907,77227.352.36$29,042
Dec 20157457,97532.362.00$40,069
Nov 20153778,76238.792.17$33,614
Oct 2015355,89143.552.43$15,819
Sep 20159104,25742.992.76$50,863
Aug 20151874,46140.162.87$20,324
Jul 201534,28548.152.95$12,764
Jun 20153637,50656.152.88$42,021
May 20159538,47855.212.96$77,671
Apr 201586,41449.822.71$17,759
Mar 20159165,84542.892.93$56,441
Feb 20153667,90944.662.98$39,884
Jan 20151904,06043.433.10$20,840
Dec 20141,11110,26554.693.59$97,626
Nov 201494710,93470.464.25$113,215
Oct 20141,13110,70578.303.90$130,317
Sep 201402,06586.164.05$8,354
Aug 20148719,02889.394.04$114,288
Jul 201472710,77196.564.18$115,218
Jun 20147529,44098.164.74$118,532
May 20141,10111,33594.734.73$157,873
Apr 20141,12011,63995.944.81$163,426
Mar 201417213,85395.895.06$86,545
Feb 201402,00797.406.19$12,427
Jan 20142,87432,12190.404.86$415,941
Dec 20132,39130,32191.824.35$351,574
Nov 20132,66236,19788.853.74$371,833
Oct 20133,41537,68297.423.78$475,103
Sep 20133,78341,687104.113.72$548,830
Aug 20134,52846,227104.253.52$634,884
Jul 20135,72649,357102.523.72$770,526
Jun 20135,37651,56694.403.93$710,325
May 20137,80860,72694.834.15$992,390
Apr 20139,83765,83193.964.28$1,206,212
Mar 201312,62270,21293.623.91$1,456,402
Feb 201310,77846,02291.233.42$1,140,668
Jan 201318,17751,97591.603.42$1,842,763
Dec 201221,04139,20886.773.42$1,959,825
Nov 201221,56532,52386.953.62$1,992,971
Oct 201215,77024,84689.383.40$1,493,991

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                   10 bbl  × $106.41 =     $1,064
Casinghead gas     2,166 Mcf  × $  3.05 =     $6,597

────────────────────────────────────────────────────
Month total                                   $7,661

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/9048 is the state's own key, not one this site invented.