GLACIER 24-1 I
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 | 227,206 bbl | $15,584,266 |
| Casinghead gas | Production | 59,592 Mcf | $224,713 |
| Total | $15,808,979 | ||
Every month this lease reported (11)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
11 months
| May 2026 | 21,455 | 6,929 | 106.41 | 3.05 | $2,304,131 |
| Apr 2026 | 10,696 | 1,863 | 98.93 | 2.87 | $1,063,502 |
| Mar 2026 | 14,696 | 1,911 | 89.75 | 3.15 | $1,324,985 |
| Feb 2026 | 18,332 | 4,907 | 63.50 | 3.75 | $1,182,485 |
| Jan 2026 | 20,202 | 4,968 | 59.13 | 8.00 | $1,234,278 |
| Dec 2025 | 24,755 | 4,996 | 56.66 | 4.41 | $1,424,667 |
| Nov 2025 | 27,672 | 7,080 | 58.59 | 3.93 | $1,649,102 |
| Oct 2025 | 30,161 | 8,036 | 59.38 | 3.30 | $1,817,518 |
| Sep 2025 | 30,597 | 11,512 | 62.74 | 3.08 | $1,955,077 |
| Aug 2025 | 28,640 | 7,390 | 63.93 | 3.01 | $1,853,234 |
| Jul 2025 | 0 | 0 | 66.74 | 3.32 | $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 21,455 bbl × $106.41 = $2,283,027 Casinghead gas 6,929 Mcf × $ 3.05 = $21,105 ──────────────────────────────────────────────────── Month total $2,304,131
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/63877 is the state's own key, not one this site invented.