IKARD, LULA
IKARD, LULA is a Texas oil lease in Archer County, Railroad Commission district 09, operated by Rogers Drilling Co. It has 2 wellbores on file with the Commission. Reported production runs from July 2009 to June 2026, totalling 15,640 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $67K, with roughly $13K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 20 barrels a month, about 10 per wellbore. Its strongest month on the record we hold was August 2017, at 262 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about IKARD, LULA
- Who operates IKARD, LULA?
- IKARD, LULA is operated by Rogers Drilling Co., Railroad Commission of Texas operator number 724980.
- Where is IKARD, LULA?
- IKARD, LULA is a Texas oil lease in Archer County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 31419.
- Is IKARD, LULA still producing?
- IKARD, LULA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for IKARD, LULA is June 2026.
- How much has IKARD, LULA produced?
- IKARD, LULA has reported 15,640 barrels of oil (bbl) to the Railroad Commission of Texas between July 2009 and June 2026, from 2 wellbores.
- How much is IKARD, LULA worth?
- The remaining production from IKARD, LULA is estimated to be worth about $67K in total as of 26 August 2026, within a range of $37K to $97K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in IKARD, LULA is a fraction of it. The estimate fits an Arps decline curve to the production IKARD, LULA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for IKARD, LULA is an estimate of value, not an offer and not an appraisal.
- How much income does IKARD, LULA generate in a year?
- IKARD, LULA is forecast to net about $13K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in IKARD, LULA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rogers Drilling Co. |
|---|---|
| Field | Archer County Regular |
| County | Archer County, Texas |
| RRC district | 09 |
| Lease number | 31419 |
| Wellbores | 2 |
| Reported production | 15,640 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $67K |
Where IKARD, LULA sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.