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Texas oil lease

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STILES 1

Stiles 1 is an oil lease in Wheeler County, Texas, operated by Formentera Operations LLC in the Mills Ranch (Granite Wash Cons.) field.

6 wells

3,099bbl oil, last 12 months−7% vs prior year
Operator
Formentera Operations LLC
County
Wheeler County
Field
Mills Ranch (Granite Wash Cons.)
RRC lease
10-08755

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Where it sits

This county

Wheeler CountyWheelerGrayHemphillRobertsWheeler County
Wheeler County
Gas, last 12 months
95,300 mcf
Oil in Jul 2026
252 bbl

Production by month

Oil output fell 7% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 7% over the last 12 monthsMonthly oil production and gas for STILES 1, Aug 2023 to Jul 2026. Oil output fell 7% over the last 12 months. 3,099 bbl in the 12 months through Jul 2026, against 3,331 bbl in the 12 months before.Last 12 months: 3,099 bblbbl per monthmcf per month001005,00020010k30015k40020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 7% over the last 12 monthsMonthly oil production and gas for STILES 1, Aug 2023 to Jul 2026. Oil output fell 7% over the last 12 months. 3,099 bbl in the 12 months through Jul 2026, against 3,331 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001005,00020010k30015k40020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

82% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
82% of the gas went to a transmission line in the last 12 monthsShare of STILES 1 gas by disposition code each month, Aug 2023 to Jul 2026. 82% of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
82% of the gas went to a transmission line in the last 12 monthsShare of STILES 1 gas by disposition code each month, Aug 2023 to Jul 2026. 82% of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    82% · 77,763 mcf

  • Lease fuel (1)

    18% · 17,537 mcf

Who has run this lease

The operator changed once, most recently in Jun 2021

Operators of this lease over timeTapstone Energy, LLC, Jan 2020 to May 2021; Formentera Operations LLC, Jun 2021 to Jul 20262020202120222023202420252026Changed Jun 2021Tapstone Energy, LLCJan 2020 to May 2021Formentera Operations LLCJun 2021 to now
Operators of this lease over timeTapstone Energy, LLC, Jan 2020 to May 2021; Formentera Operations LLC, Jun 2021 to Jul 20262020202120222023202420252026Changed Jun 2021Tapstone Energy, LLCJan 2020 to May 2021Formentera Operations LLCJun 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

6 wells on this lease

Wells on STILES 1
API numberWell no.Status
42-483-334841201HShut-in
42-483-335041301HActive
42-483-335601401HShut-in
42-483-335611501HActive
42-483-336151801HActive
42-483-336201601HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers50Nov 19, 2025–
Plains Marketing, L.p.OilGathers50Nov 19, 2025–
Formentera Operations LLCCasinghead gasBuys100Jul 1, 2021–
Energy Transfer CompanyCasinghead gasGathers100Oct 1, 2023–
Plains Marketing, L.p.OilGathers100Jan 1, 2015Nov 19, 2025
Enable Gas Gathering, LLCCasinghead gasGathers100Jan 1, 2015Oct 1, 2023
Tapstone Energy, LLCCasinghead gasBuys100Jan 1, 2015Jul 1, 2021

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

640 acres on the newest permit

Permits for Stiles 1
API numberWell no.Acreson the permit
42-483-336201601H640
42-483-336151801H640
42-483-335601401H640
42-483-335611501H640
42-483-335041301H640
42-483-334841201H640

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for STILES 1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations2522378,3406,7240$80.46$2.89
Jun 2026Formentera Operations2442748,1736,6130$84.81$3.15
May 2026Formentera Operations2462408,2966,7010$102.13$2.94
Apr 2026Formentera Operations2593319,0927,3910$100.32$2.77
Mar 2026Formentera Operations2742147,7236,3270$91.38$3.04
Feb 2026Formentera Operations2222876,2495,1410$64.51$3.62
Jan 2026Formentera Operations2731917,2975,9430$60.04$7.72
Dec 2025Formentera Operations3003517,5876,2150$57.97$4.26
Nov 2025Formentera Operations2362007,5456,1520$60.06$3.79
Oct 2025Formentera Operations2693067,8966,4560$60.89$3.19
Sep 2025Formentera Operations2572048,2056,7230$63.96$2.97
Aug 2025Formentera Operations2672768,8977,3770$64.86$2.91
Jul 2025Formentera Operations2562747,2655,8030$68.39$3.20
Jun 2025Formentera Operations2512457,4665,9000$68.17$3.02
May 2025Formentera Operations2902957,8346,4570$62.17$3.12
Apr 2025Formentera Operations2762768,1896,7370$63.54$3.42
Mar 2025Formentera Operations2853039,6397,9800$68.24$4.12
Feb 2025Formentera Operations2632788,0606,6730$71.53$4.19
Jan 2025Formentera Operations3433508,7587,1420$75.74$4.13
Dec 2024Formentera Operations2972368,9977,4330$70.12$3.01
Nov 2024Formentera Operations2792739,3337,5910$69.95$2.12
Oct 2024Formentera Operations2923049,1637,5120$71.99$2.20
Sep 2024Formentera Operations3252949,7308,0490$70.24$2.28
Aug 2024Formentera Operations1741806,7305,6110$76.68$1.99
Jul 2024Formentera Operations2542599,5337,9200$81.80$2.07
Jun 2024Formentera Operations2452789,1347,4130$79.77$2.54
May 2024Formentera Operations2782679,6177,8820$80.02$2.12
Apr 2024Formentera Operations2582828,7407,1990$85.35$1.60
Mar 2024Formentera Operations2782309,3407,7060$81.28$1.49
Feb 2024Formentera Operations2552549,3807,7570$77.25$1.72
Jan 2024Formentera Operations2242817,8716,3500$74.15$3.18
Dec 2023Formentera Operations3163089,6978,0050$71.90$2.52
Nov 2023Formentera Operations31936810,7338,8700$77.69$2.71
Oct 2023Formentera Operations30827013,34611,0900$85.64$2.98
Sep 2023Formentera Operations21723112,15810,1790$89.43$2.64
Aug 2023Formentera Operations22526812,21110,1230$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorFormentera Operations LLCFieldMills Ranch (Granite Wash Cons.)CountyWheeler County

Formentera Operations LLC in Wheeler County

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Mills Ranch (Granite Wash Cons.) field

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