PINNACLES 33-45 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 | 260,499 bbl | $17,558,450 |
| Casinghead gas | Production | 312,140 Mcf | $1,201,736 |
| Total | $18,760,186 | ||
Every month this lease reported (17)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
17 months
| May 2026 | 8,315 | 19,245 | 106.41 | 3.05 | $943,416 |
| Apr 2026 | 8,640 | 17,598 | 98.93 | 2.87 | $905,257 |
| Mar 2026 | 8,986 | 19,637 | 89.75 | 3.15 | $868,339 |
| Feb 2026 | 10,017 | 23,180 | 63.50 | 3.75 | $723,012 |
| Jan 2026 | 14,838 | 28,655 | 59.13 | 8.00 | $1,106,551 |
| Dec 2025 | 12,113 | 19,317 | 56.66 | 4.41 | $771,575 |
| Nov 2025 | 11,676 | 15,433 | 58.59 | 3.93 | $744,694 |
| Oct 2025 | 16,265 | 24,251 | 59.38 | 3.30 | $1,045,961 |
| Sep 2025 | 20,903 | 27,665 | 62.74 | 3.08 | $1,396,577 |
| Aug 2025 | 25,589 | 30,551 | 63.93 | 3.01 | $1,728,009 |
| Jul 2025 | 23,888 | 21,677 | 66.74 | 3.32 | $1,666,149 |
| Jun 2025 | 24,248 | 16,380 | 66.48 | 3.13 | $1,663,255 |
| May 2025 | 16,511 | 11,669 | 60.55 | 3.23 | $1,037,459 |
| Apr 2025 | 16,398 | 10,441 | 62.36 | 3.54 | $1,059,573 |
| Mar 2025 | 13,824 | 8,566 | 67.70 | 4.27 | $972,447 |
| Feb 2025 | 14,972 | 9,160 | 70.88 | 4.34 | $1,100,977 |
| Jan 2025 | 13,316 | 8,715 | 74.32 | 4.28 | $1,026,934 |
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 8,315 bbl × $106.41 = $884,799 Casinghead gas 19,245 Mcf × $ 3.05 = $58,617 ──────────────────────────────────────────────────── Month total $943,416
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/63311 is the state's own key, not one this site invented.