OLD OCEAN UNIT

Name: OLD OCEAN UNIT lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the OLD OCEAN (F- 8) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 109084District 03Field 67011700CondensateGasSave Export

Value, all time

$982 k

Jan 1993 – Jan 2000

Value, last 12 filed months

$130 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The OLD OCEAN (F- 8) field

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 20 leases and 22 wells, and the rule below applies to all of them.

Discovered

1960-11-22

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,867 ft

minimum

From a lease line

933 ft

minimum

A drilling unit in this field needs at least 160 acres.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA SUSPENDED PER OPERATOR REQUEST, EFF 10-1-93”

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
Condensate	Disposition	10,845 bbl	$173,280
Gas	Production	866,414 Mcf	$809,052
Total			$982,332

526,968 Mcf of this lease's gas, across 47 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 29.0445, -95.7462. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.04452, -95.74617 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule

100.0%

1 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

10,760 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

00.0%

BothOn the schedule and plugged. Neither fact cancels the other.

00.0%

NeitherNo plug date, and not on the schedule.

00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 10,760 ft.

Completions filed

Oct 1999

1 of 1 wells

1 well


42-03903962	81	10,760 ft	Oct 1999	—	Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (85)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

85 months


Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	9	0	20.98	2.80	$189
Sep 1999	91	647	21.75	2.62	$3,674
Aug 1999	239	5,498	19.26	2.88	$20,413
Jul 1999	224	7,173	17.89	2.37	$21,024
Jun 1999	145	6,821	15.94	2.36	$18,423
May 1999	169	6,977	15.79	2.32	$18,862
Apr 1999	176	6,813	15.10	2.21	$17,701
Mar 1999	207	7,127	12.47	1.84	$15,683
Feb 1999	147	6,964	9.98	1.82	$14,126
Jan 1999	166	7,968	10.38	1.90	$16,862
Dec 1998	202	7,775	9.20	1.77	$15,646
Nov 1998	141	7,574	10.89	2.19	$18,090
Oct 1998	136	7,608	12.42	1.97	$16,671
Sep 1998	158	9,144	12.59	2.08	$21,033
Aug 1998	97	9,518	11.30	1.91	$19,250
Jul 1998	85	10,265	11.74	2.24	$23,963
Jun 1998	80	10,453	11.24	2.24	$24,285
May 1998	436	10,096	12.62	2.21	$27,778
Apr 1998	774	9,166	13.04	2.51	$33,057
Mar 1998	429	8,688	12.80	2.31	$25,556
Feb 1998	396	7,902	13.95	2.30	$23,692
Jan 1998	551	9,355	14.70	2.15	$28,258
Dec 1997	513	10,233	16.32	2.41	$33,045
Nov 1997	430	9,829	18.19	3.09	$38,176
Oct 1997	299	11,115	19.25	3.15	$40,766
Sep 1997	714	9,417	17.74	2.95	$40,492
Aug 1997	351	10,499	17.86	2.55	$33,091
Jul 1997	271	11,589	17.58	2.25	$30,804
Jun 1997	567	12,408	17.24	2.26	$37,782
May 1997	148	21,256	18.97	2.31	$51,877
Apr 1997	91	16,203	17.88	2.08	$35,374
Mar 1997	85	17,184	18.95	1.94	$34,933
Feb 1997	132	18,413	20.49	2.21	$43,322
Jan 1997	103	27,768	23.48	3.54	$100,709
Dec 1996	103	22,159	23.32	—	$2,402
Nov 1996	121	29,631	21.97	—	$2,658
Oct 1996	101	37,912	23.31	—	$2,354
Sep 1996	62	39,877	22.22	—	$1,378
Aug 1996	65	7,882	20.26	—	$1,317
Jul 1996	72	8,546	19.55	—	$1,408
Jun 1996	71	8,822	18.73	—	$1,330
May 1996	85	8,882	19.43	—	$1,652
Apr 1996	72	8,103	21.51	—	$1,549
Mar 1996	78	8,695	19.38	—	$1,512
Feb 1996	114	9,181	16.98	—	$1,936
Jan 1996	68	9,653	17.07	—	$1,161
Dec 1995	89	9,648	17.19	—	$1,530
Nov 1995	107	9,484	16.00	—	$1,712
Oct 1995	43	9,439	15.43	—	$663
Sep 1995	73	9,202	16.18	—	$1,181
Aug 1995	84	9,461	15.92	—	$1,337
Jul 1995	73	9,921	15.24	—	$1,113
Jun 1995	68	9,747	16.41	—	$1,116
May 1995	41	10,203	17.56	—	$720
Apr 1995	29	11,883	17.73	—	$514
Mar 1995	22	9,983	16.44	—	$362
Feb 1995	27	8,883	16.58	—	$448
Jan 1995	22	10,126	15.92	—	$350
Dec 1994	39	9,308	15.03	—	$586
Nov 1994	34	9,308	15.90	—	$541
Oct 1994	19	9,307	15.58	—	$296
Sep 1994	11	10,904	15.29	—	$168
Aug 1994	39	5,569	16.13	—	$629
Jul 1994	13	9,253	17.56	—	$228
Jun 1994	15	9,253	17.09	—	$256
May 1994	20	10,045	15.88	—	$318
Apr 1994	16	9,358	14.14	—	$226
Mar 1994	21	9,932	12.46	—	$262
Feb 1994	24	9,548	12.50	—	$300
Jan 1994	14	10,245	12.66	—	$177
Dec 1993	14	9,776	12.33	—	$173
Nov 1993	18	9,939	14.49	—	$261
Oct 1993	19	10,414	15.85	—	$301
Sep 1993	5	9,841	15.03	—	$75
Aug 1993	8	8,906	15.66	—	$125
Jul 1993	11	5,407	15.46	—	$170
Jun 1993	2	10,973	16.79	—	$34
May 1993	5	0	17.68	—	$88
Apr 1993	6	4,001	18.05	—	$108
Mar 1993	8	5,732	18.14	—	$145
Feb 1993	14	10,805	17.90	—	$251
Jan 1993	18	11,821	16.93	—	$305

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.

Oct 1999 — as filed, then multipliedworked

Condensate             9 bbl  × $ 20.98 =       $189
Gas                    0 Mcf  × $  2.80 =         $0

────────────────────────────────────────────────────
Month total                                     $189

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. 03/G/109084 is the state's own key, not one this site invented.