SMOKY MOUNTAINS 21-33 C
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.
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.
| Stream | Basis | Volume | Value |
|---|---|---|---|
| Oil | Disposition | 291,412 bbl | $19,242,688 |
| Casinghead gas | Production | 148,472 Mcf | $555,313 |
| Total | $19,798,001 | ||
Every month this lease reported (19)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
19 months
| May 2026 | 7,414 | 5,233 | 106.41 | 3.05 | $804,863 |
| Apr 2026 | 8,877 | 6,945 | 98.93 | 2.87 | $898,132 |
| Mar 2026 | 10,290 | 8,098 | 89.75 | 3.15 | $949,032 |
| Feb 2026 | 11,061 | 7,896 | 63.50 | 3.75 | $731,986 |
| Jan 2026 | 14,607 | 9,812 | 59.13 | 8.00 | $942,188 |
| Dec 2025 | 11,530 | 8,293 | 56.66 | 4.41 | $689,890 |
| Nov 2025 | 21,437 | 11,916 | 58.59 | 3.93 | $1,302,781 |
| Oct 2025 | 18,288 | 8,616 | 59.38 | 3.30 | $1,114,416 |
| Sep 2025 | 21,582 | 10,629 | 62.74 | 3.08 | $1,386,759 |
| Aug 2025 | 25,301 | 10,712 | 63.93 | 3.01 | $1,649,787 |
| Jul 2025 | 28,972 | 12,103 | 66.74 | 3.32 | $1,973,715 |
| Jun 2025 | 31,591 | 13,350 | 66.48 | 3.13 | $2,141,938 |
| May 2025 | 29,247 | 12,350 | 60.55 | 3.23 | $1,810,825 |
| Apr 2025 | 28,604 | 12,326 | 62.36 | 3.54 | $1,827,418 |
| Mar 2025 | 22,611 | 10,193 | 67.70 | 4.27 | $1,574,272 |
| Feb 2025 | 0 | 0 | 70.88 | 4.34 | $0 |
| Jan 2025 | 0 | 0 | 74.32 | 4.28 | $0 |
| Dec 2024 | 0 | 0 | 68.99 | 3.12 | $0 |
| Nov 2024 | 0 | 0 | 69.05 | 2.20 | $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.
Oil 7,414 bbl × $106.41 = $788,924 Casinghead gas 5,233 Mcf × $ 3.05 = $15,939 ──────────────────────────────────────────────────── Month total $804,863
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/62624 is the state's own key, not one this site invented.