Seagram was murdered by gunfire on July 31, 1996, while shielding his long-time friend and a fellow rapper Gangsta P. The album was produced by Mike Dean, Terry T and Tone Capone.

Along with a single, a music video was produced for the song, "If the World Was Mine",[2] although Seagram only appears briefly in it.

Akwanza Gleaves of Rap Pages wrote: "Souls on Ice gives uncompromising insight on the conditions of growing up poor in urban America and the activities some use as methods and means of survival.

"[4] The Source's Spence Dookey called it an "often poignant piece of work", commending Seagram for his "gritty tales of the East O streets" and narratives unique to gangsta rap genre.

"The rapper's passion for his music is clear, but unfortunately, the album doesn't display the innovation or progression to match it," wrote the journalist.