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STILES 68

Stiles 68 is an oil lease in Wheeler County, Texas, operated by Formentera Operations LLC in the Mills Ranch (Granite Wash Cons.) field.

4 wells

6,657bbl oil, last 12 months−18% vs prior year
Operator
Formentera Operations LLC
County
Wheeler County
Field
Mills Ranch (Granite Wash Cons.)
RRC lease
10-09453

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Where it sits

This county

Wheeler CountyWheelerGrayHemphillRobertsWheeler County
Wheeler County
Gas, last 12 months
57,995 mcf
Oil in Jul 2026
510 bbl

Production by month

Oil output fell 18% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for STILES 68, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 6,657 bbl in the 12 months through Jul 2026, against 8,155 bbl in the 12 months before.Last 12 months: 6,657 bblbbl per monthmcf per month002502,0005004,0007506,0001,0008,0001,25010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 18% over the last 12 monthsMonthly oil production and gas for STILES 68, Aug 2023 to Jul 2026. Oil output fell 18% over the last 12 months. 6,657 bbl in the 12 months through Jul 2026, against 8,155 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002502,0005004,0007506,0001,0008,0001,25010kJan 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 68 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 68 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% · 47,366 mcf

  • Lease fuel (1)

    18% · 10,629 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.

4 wells on this lease

Wells on STILES 68
API numberWell no.Status
42-483-334652468HActive
42-483-335062568HShut-in
42-483-335192668HActive
42-483-335542768HActive

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.OilGathers100Dec 1, 2015Nov 19, 2025
Enable Gas Gathering, LLCCasinghead gasGathers100Dec 1, 2015Oct 1, 2023
Tapstone Energy, LLCCasinghead gasBuys100Dec 1, 2015Jul 1, 2021

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

Who buys my oilOil price check

40 acres on the newest permit

The wells on this lease state different acreage

The permits state between 40 and 320 acres.

Permits for Stiles 68
API numberWell no.Acreson the permit
42-483-335542768H40
42-483-335192668H320
42-483-335062568H320
42-483-334652468H40

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

Unit decimal checker

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36 months, newest first

Ledger for STILES 68
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations5104854,0963,3020$80.46$2.89
Jun 2026Formentera Operations4233093,8653,1280$84.81$3.15
May 2026Formentera Operations4906424,0623,2820$102.13$2.94
Apr 2026Formentera Operations5093704,2113,4270$100.32$2.77
Mar 2026Formentera Operations5846884,8363,9570$91.38$3.04
Feb 2026Formentera Operations6277864,3633,5850$64.51$3.62
Jan 2026Formentera Operations5704555,3124,3390$60.04$7.72
Dec 2025Formentera Operations6847405,6794,6520$57.97$4.26
Nov 2025Formentera Operations5934655,5474,5230$60.06$3.79
Oct 2025Formentera Operations6407595,5674,5500$60.89$3.19
Sep 2025Formentera Operations5253345,2724,3220$63.96$2.97
Aug 2025Formentera Operations5025495,1854,2990$64.86$2.91
Jul 2025Formentera Operations5284265,2564,1870$68.39$3.20
Jun 2025Formentera Operations5336084,9653,9150$68.17$3.02
May 2025Formentera Operations6367015,9214,8810$62.17$3.12
Apr 2025Formentera Operations5724975,2864,3500$63.54$3.42
Mar 2025Formentera Operations7179606,0995,0510$68.24$4.12
Feb 2025Formentera Operations6584664,9684,0850$71.53$4.19
Jan 2025Formentera Operations8581,0295,5874,5600$75.74$4.13
Dec 2024Formentera Operations8265845,7494,7580$70.12$3.01
Nov 2024Formentera Operations6597675,5364,5040$69.95$2.12
Oct 2024Formentera Operations6816355,7204,6890$71.99$2.20
Sep 2024Formentera Operations6897575,4034,4700$70.24$2.28
Aug 2024Formentera Operations7988025,1434,2870$76.68$1.99
Jul 2024Formentera Operations8158505,3384,4350$81.80$2.07
Jun 2024Formentera Operations9318194,7903,8880$79.77$2.54
May 2024Formentera Operations1,0551,0575,6244,6100$80.02$2.12
Apr 2024Formentera Operations9299835,6934,6930$85.35$1.60
Mar 2024Formentera Operations1,1041,3306,3775,2620$81.28$1.49
Feb 2024Formentera Operations1,1261,0406,3305,2370$77.25$1.72
Jan 2024Formentera Operations7329335,1354,1970$74.15$3.18
Dec 2023Formentera Operations1,0668057,3076,0330$71.90$2.52
Nov 2023Formentera Operations9801,0107,2305,9760$77.69$2.71
Oct 2023Formentera Operations6898096,6845,5540$85.64$2.98
Sep 2023Formentera Operations5965626,2065,1970$89.43$2.64
Aug 2023Formentera Operations7876146,6685,5280$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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Nearby

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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