AQUILA 13-24 B

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 60984District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$28.5 M
Jan 2024 – May 2026
Value, last 12 filed months
$10.8 M
at the published price for each month
Months reported
29
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 16,587 leases and 43,997 wells, and the rule below applies to all of them.

Discovered
1952-12-22
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2018-02-13.

The Commission's schedule remark for this field reads: SPRABERRY (TREND AREA) FIELD EFFECTIVE 10/1/2019.

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
OilDisposition383,138 bbl$27,745,999
Casinghead gasProduction260,801 Mcf$763,435
Total$28,509,434

Every month this lease reported (29)

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

29 months

May 202610,0036,604106.413.05$1,084,534
Apr 20269,0225,17098.932.87$907,383
Mar 202611,1374,41189.753.15$1,013,438
Feb 202610,1443,44463.503.75$657,060
Jan 202610,6663,45159.138.00$658,281
Dec 202511,0483,98356.664.41$643,558
Nov 202514,2325,62758.593.93$855,947
Oct 202517,3566,04859.383.30$1,050,587
Sep 202518,0826,53162.743.08$1,154,560
Aug 202516,6185,22963.933.01$1,078,153
Jul 202516,7286,77866.743.32$1,138,897
Jun 20258,5013,25966.483.13$575,343
May 20257,4325,22660.553.23$466,900
Apr 20259,3807,32362.363.54$610,883
Mar 20259,09416,80267.704.27$687,380
Feb 20259,25415,38470.884.34$722,703
Jan 202510,97315,71674.324.28$882,757
Dec 202411,5159,67268.993.12$824,610
Nov 202411,2408,30869.052.20$794,387
Oct 202413,1388,83171.372.28$957,806
Sep 20247,7644,38369.612.36$550,815
Aug 202412,80011,28675.632.06$991,354
Jul 202416,71713,00979.932.15$1,364,115
Jun 202420,00413,98578.082.63$1,598,749
May 202416,72312,33578.812.20$1,345,057
Apr 20249,2198,69684.451.66$792,973
Mar 202430,73423,55480.301.55$2,504,334
Feb 202429,32321,51976.091.78$2,269,569
Jan 20244,2914,23773.023.30$327,301

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               10,003 bbl  × $106.41 = $1,064,419
Casinghead gas     6,604 Mcf  × $  3.05 =    $20,115

────────────────────────────────────────────────────
Month total                               $1,084,534

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/60984 is the state's own key, not one this site invented.