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STILES 68

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 9453District 10Field 61691235OilCasinghead gasSaveExport
Value, all time
$14.8 M
Dec 2015 – May 2026
Value, last 12 filed months
$711 k
at the published price for each month
Months reported
126
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
OilDisposition189,015 bbl$10,436,664
Casinghead gasProduction1,388,159 Mcf$4,408,310
Total$14,844,974

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 35.4411, -100.0497. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

35.44003, -100.04972 · 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
10,714 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 10,690 and 10,738 ft, median 10,714 ft, over the 4 wells that filed a depth.

Completions filed
Jul 2012 – Dec 2012
4 of 4 wells

4 wells

42-483335542768H10,690 ftDec 2012——
42-483335062568H10,738 ftDec 2012——
42-483335192668H10,733 ftDec 2012——
42-483334652468H10,695 ftJul 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 (126)

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

126 months

May 20266424,062106.413.05$80,687
Apr 20263704,21198.932.87$48,688
Mar 20266884,83689.753.15$76,979
Feb 20267864,36363.503.75$66,274
Jan 20264555,31259.138.00$69,389
Dec 20257405,67956.664.41$66,992
Nov 20254655,54758.593.93$49,024
Oct 20257595,56759.383.30$63,467
Sep 20253345,27262.743.08$37,177
Aug 20255495,18563.933.01$50,729
Jul 20254265,25666.743.32$45,856
Jun 20256084,96566.483.13$55,954
May 20257015,92160.553.23$61,584
Apr 20254975,28662.363.54$49,722
Mar 20259606,09967.704.27$91,024
Feb 20254664,96870.884.34$54,595
Jan 20251,0295,58774.324.28$100,380
Dec 20245845,74968.993.12$58,235
Nov 20247675,53669.052.20$65,132
Oct 20246355,72071.372.28$58,370
Sep 20247575,40369.612.36$65,469
Aug 20248025,14375.632.06$71,269
Jul 20248505,33879.932.15$79,399
Jun 20248194,79078.082.63$76,564
May 20241,0575,62478.812.20$95,666
Apr 20249835,69384.451.66$92,460
Mar 20241,3306,37780.301.55$116,652
Feb 20241,0406,33076.091.78$90,424
Jan 20249335,13573.023.30$85,061
Dec 20238057,30771.262.61$76,441
Nov 20231,0107,23077.892.81$98,968
Oct 20238096,68485.443.09$89,756
Sep 20235626,20689.042.74$67,014
Aug 20236146,66880.522.67$67,262
Jul 20236506,92074.852.64$66,934
Jun 20237446,77968.962.26$66,616
May 20237097,15270.622.23$66,000
Apr 20238707,04578.122.24$83,729
Mar 20238477,70772.852.39$80,148
Feb 20239266,86275.112.47$86,471
Jan 20239057,54376.533.39$94,813
Dec 20221,0547,69976.415.73$124,644
Nov 20228057,94785.005.65$113,295
Oct 20228676,92187.185.86$116,168
Sep 20228817,80084.888.16$138,456
Aug 20227848,23694.529.13$149,275
Jul 20221,0948,670101.587.54$176,518
Jun 20227449,126115.097.98$158,427
May 20228728,914109.378.43$170,543
Apr 20221,1138,737104.226.84$175,737
Mar 20221,1968,772108.885.08$174,751
Feb 20221,1978,41991.054.86$149,893
Jan 20221,0669,27481.844.54$129,324
Dec 20219919,00871.323.90$105,801
Nov 20211,1569,02377.435.24$136,761
Oct 20219299,67879.795.71$129,424
Sep 20211,0009,99269.865.35$123,326
Aug 20211,22810,27566.024.22$124,439
Jul 20211,21910,30970.783.98$127,332
Jun 20211,17010,27769.493.38$116,046
May 20211,32011,06863.483.02$117,193
Apr 20211,42011,26660.362.76$116,788
Mar 20211,17413,34061.302.72$108,210
Feb 20217607,75557.805.55$86,952
Jan 20211,11611,45850.412.81$88,458
Dec 20201,08811,77244.642.68$80,064
Nov 20201,09011,46938.772.71$73,301
Oct 20201,20111,73336.972.48$73,480
Sep 20201,06011,49337.091.99$62,198
Aug 20201,34411,67139.982.39$81,570
Jul 20201,29111,84438.371.83$71,152
Jun 202091312,77134.901.69$53,451
May 20201,70913,04616.921.81$52,592
Apr 20201,77713,26314.751.80$50,142
Mar 20201,54412,18530.341.86$69,463
Feb 20201,44411,00149.881.98$93,816
Jan 20201,60612,35157.252.09$117,816
Dec 20191,28812,96259.012.30$105,874
Nov 201999812,33055.302.75$89,106
Oct 20191,16513,10053.472.42$93,975
Sep 20191,20211,96055.052.66$97,951
Aug 20191,33213,14353.112.30$101,029
Jul 20191,59213,06256.272.46$121,715
Jun 20191,65612,97852.782.49$119,734
May 20191,63013,27558.482.74$131,700
Apr 20191,73712,33262.632.75$142,710
Mar 20191,20212,69356.803.06$107,141
Feb 20191,73011,15550.852.79$119,118
Jan 20191,56913,18146.033.23$114,772
Dec 20182,27514,20346.594.19$165,438
Nov 20181,57311,85752.934.24$133,500
Oct 20182,08214,41161.443.40$176,888
Sep 20181,94214,40159.543.11$160,385
Aug 20182,12214,45959.403.07$170,386
Jul 20182,13914,27965.142.93$181,199
Jun 20181,97612,78660.183.08$158,257
May 20181,84613,93365.382.90$161,108
Apr 20181,85214,05863.842.90$159,011
Mar 20182,28914,49061.222.79$180,514
Feb 20181,95111,78161.782.77$153,120
Jan 20182,20212,91662.874.01$190,224
Dec 20172,33114,15657.272.92$174,853
Nov 20171,80513,48755.423.12$142,090
Oct 20172,00715,39049.292.98$144,844
Sep 20172,01615,62747.523.09$144,045
Aug 20172,79317,60445.373.00$179,608
Jul 20172,25817,16443.873.09$152,049
Jun 20172,96817,40542.493.09$179,844
May 20172,52818,93345.373.26$176,481
Apr 20172,72317,75347.933.21$187,529
Mar 20173,35418,41946.772.98$211,823
Feb 20173,33717,29150.452.95$219,405
Jan 20172,94216,85849.413.42$202,998
Dec 20162,50615,68148.763.72$180,570
Nov 20162,81119,58142.492.64$171,218
Oct 20162,90022,69346.193.09$204,078
Sep 20162,59622,67941.553.10$178,183
Aug 20163,08623,01041.442.92$195,173
Jul 20163,26624,20041.622.92$206,700
Jun 20163,66323,66145.352.69$229,666
May 20164,11724,78942.521.99$224,411
Apr 20163,70521,19836.561.99$177,661
Mar 20163,42621,46233.011.79$151,595
Feb 20163,32216,79326.472.06$122,588
Jan 20164,52116,04027.352.36$161,574
Dec 20154,97812,92032.362.00$186,946

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                  642 bbl  × $106.41 =    $68,315
Casinghead gas     4,062 Mcf  × $  3.05 =    $12,372

────────────────────────────────────────────────────
Month total                                  $80,687

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/9453 is the state's own key, not one this site invented.