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GEMINI 12-1

Operated by IKE OPERATING, LLC (P-5 101633) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 59929District 08Field 85280300OilCasinghead gasSave
Value, all time
$61.6 M
Jul 2022 – May 2026
Value, last 12 filed months
$7.1 M
at the published price for each month
Months reported
47
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition756,637 bbl$60,349,250
Casinghead gasProduction283,553 Mcf$1,262,029
Total$61,611,279

Every month this lease reported (47)

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

47 months

May 20265,4515,137106.413.05$595,687
Apr 20264,6793,50098.932.87$472,937
Mar 20265,8474,38889.753.15$538,588
Feb 20264,8213,38663.503.75$318,832
Jan 20265,1512,51459.138.00$324,685
Dec 20256,8773,65656.664.41$405,786
Nov 20257,0283,38858.593.93$425,073
Oct 202510,0374,19759.383.30$609,867
Sep 202510,6214,10162.743.08$678,980
Aug 202512,1514,29863.933.01$789,771
Jul 202517,1974,65166.743.32$1,163,147
Jun 202511,9485,53066.483.13$811,605
May 20254,2731,94860.553.23$265,027
Apr 20258,4554,99762.363.54$544,959
Mar 20253,2602,57267.704.27$231,680
Feb 20254,7143,79470.884.34$350,597
Jan 20256,0004,66874.324.28$465,893
Dec 20246,8023,61268.993.12$480,544
Nov 20246,5733,55469.052.20$461,679
Oct 20246,8213,61771.372.28$495,067
Sep 20246,2733,28769.612.36$444,435
Aug 20247,9752,22575.632.06$607,741
Jul 20246,3621,73179.932.15$512,230
Jun 20246,5661,91378.082.63$517,712
May 20248,4922,83278.812.20$675,481
Apr 20248,1903,45384.451.66$697,375
Mar 20248,7883,62580.301.55$711,278
Feb 202410,1074,22276.091.78$776,572
Jan 202412,1874,36673.023.30$904,292
Dec 20239,1614,32371.262.61$664,099
Nov 202315,3737,42777.892.81$1,218,255
Oct 202313,0016,75085.443.09$1,131,645
Sep 202319,9534,98189.042.74$1,790,238
Aug 202311,7326,13680.522.67$961,061
Jul 202319,4277,78374.852.64$1,474,672
Jun 202313,2034,61568.962.26$920,902
May 202315,6747,03170.622.23$1,122,559
Apr 202317,0495,71378.122.24$1,344,652
Mar 202320,4758,57472.852.39$1,512,123
Feb 202321,2478,71675.112.47$1,617,353
Jan 202328,78210,48776.533.39$2,238,213
Dec 202240,28215,51976.415.73$3,166,857
Nov 202253,23815,12685.005.65$4,610,634
Oct 202253,28913,17087.185.86$4,722,961
Sep 202276,53018,41284.888.16$6,646,176
Aug 2022104,57533,62894.529.13$10,191,357
Jul 202200101.587.54$0

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                5,451 bbl  × $106.41 =   $580,041
Casinghead gas     5,137 Mcf  × $  3.05 =    $15,646

────────────────────────────────────────────────────
Month total                                 $595,687

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. 08/O/59929 is the state's own key, not one this site invented.