INDIANA DUNES 21-4 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.
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 | 235,418 bbl | $16,219,282 |
| Casinghead gas | Production | 77,634 Mcf | $260,429 |
| Total | $16,479,711 | ||
Every month this lease reported (22)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
22 months
| May 2026 | 4,149 | 2,337 | 106.41 | 3.05 | $448,613 |
| Apr 2026 | 4,745 | 2,370 | 98.93 | 2.87 | $476,224 |
| Mar 2026 | 4,966 | 2,620 | 89.75 | 3.15 | $453,950 |
| Feb 2026 | 4,867 | 2,076 | 63.50 | 3.75 | $316,840 |
| Jan 2026 | 6,429 | 3,428 | 59.13 | 8.00 | $407,564 |
| Dec 2025 | 5,265 | 2,520 | 56.66 | 4.41 | $309,437 |
| Nov 2025 | 6,859 | 3,152 | 58.59 | 3.93 | $414,245 |
| Oct 2025 | 6,898 | 2,722 | 59.38 | 3.30 | $418,599 |
| Sep 2025 | 7,589 | 2,746 | 62.74 | 3.08 | $484,583 |
| Aug 2025 | 8,221 | 2,634 | 63.93 | 3.01 | $533,509 |
| Jul 2025 | 7,294 | 1,851 | 66.74 | 3.32 | $492,938 |
| Jun 2025 | 7,100 | 2,303 | 66.48 | 3.13 | $479,213 |
| May 2025 | 11,653 | 3,822 | 60.55 | 3.23 | $717,943 |
| Apr 2025 | 12,732 | 3,590 | 62.36 | 3.54 | $806,687 |
| Mar 2025 | 14,638 | 4,382 | 67.70 | 4.27 | $1,009,696 |
| Feb 2025 | 18,569 | 5,740 | 70.88 | 4.34 | $1,341,087 |
| Jan 2025 | 16,868 | 317 | 74.32 | 4.28 | $1,254,986 |
| Dec 2024 | 20,040 | 5,469 | 68.99 | 3.12 | $1,399,630 |
| Nov 2024 | 21,838 | 7,814 | 69.05 | 2.20 | $1,525,093 |
| Oct 2024 | 23,247 | 8,280 | 71.37 | 2.28 | $1,678,028 |
| Sep 2024 | 21,451 | 7,461 | 69.61 | 2.36 | $1,510,845 |
| Aug 2024 | 0 | 0 | 75.63 | 2.06 | $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 4,149 bbl × $106.41 = $441,495 Casinghead gas 2,337 Mcf × $ 3.05 = $7,118 ──────────────────────────────────────────────────── Month total $448,613
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/63205 is the state's own key, not one this site invented.