CONGAREE 21-33 A

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 62890District 08Field 85280300OilCasinghead gasSave
Value, all time
$23.1 M
Nov 2024 – May 2026
Value, last 12 filed months
$17.5 M
at the published price for each month
Months reported
19
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
OilDisposition342,332 bbl$22,614,737
Casinghead gasProduction147,619 Mcf$527,757
Total$23,142,494

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 20269,7115,729106.413.05$1,050,797
Apr 202610,7636,63698.932.87$1,083,827
Mar 202612,7097,77389.753.15$1,165,113
Feb 202613,4997,88963.503.75$886,773
Jan 202615,0446,95259.138.00$945,153
Dec 202513,5186,02856.664.41$792,534
Nov 202520,4818,14558.593.93$1,231,963
Oct 202522,6258,26859.383.30$1,370,797
Sep 202528,60111,10762.743.08$1,828,602
Aug 202532,54610,76463.933.01$2,113,117
Jul 202534,96414,82566.743.32$2,382,645
Jun 202539,42917,18166.483.13$2,674,994
May 202542,15718,87160.553.23$2,613,603
Apr 202536,71912,86062.363.54$2,335,361
Mar 20259,5664,59167.704.27$667,214
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$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.

May 2026 — as filed, then multipliedworked
Oil                9,711 bbl  × $106.41 = $1,033,348
Casinghead gas     5,729 Mcf  × $  3.05 =    $17,450

────────────────────────────────────────────────────
Month total                               $1,050,797

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/62890 is the state's own key, not one this site invented.