ICE 24
ICE 24 is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Williams Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from February 2025 to August 2026, totalling 4,577 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 $1.3M, with roughly $224K 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 296 barrels a month. Its strongest month on the record we hold was February 2025, at 723 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 ICE 24
- Who operates ICE 24?
- ICE 24 is operated by Williams Oil Company, Railroad Commission of Texas operator number 925440.
- Where is ICE 24?
- ICE 24 is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 62880.
- Is ICE 24 still producing?
- ICE 24 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ICE 24 is August 2026.
- How much has ICE 24 produced?
- ICE 24 has reported 4,577 barrels of oil (bbl) to the Railroad Commission of Texas between February 2025 and August 2026, from 1 wellbore.
- How much is ICE 24 worth?
- The remaining production from ICE 24 is estimated to be worth about $1.3M in total as of 26 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ICE 24 is a fraction of it. The estimate fits an Arps decline curve to the production ICE 24 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ICE 24 is an estimate of value, not an offer and not an appraisal.
- How much income does ICE 24 generate in a year?
- ICE 24 is forecast to net about $224K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ICE 24 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Williams Oil Company |
|---|---|
| Field | Estes Block 34 (Wolfcamp, Gas) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 62880 |
| Wellbores | 1 |
| Reported production | 4,577 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where ICE 24 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.