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 (CAMPBELL) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 117813District 03Field 67011200CondensateGasSave Export

Value, all time

$1.3 M

Jan 1993 – Feb 2000

Value, last 12 filed months

$243 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The OLD OCEAN (CAMPBELL) 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 37 leases and 37 wells, and the rule below applies to all of them.

Discovered

1946-12-28

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 640 acres.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA SUSPENDED PER OPERATOR REQUEST, EFF 4-1-93”

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	14,507 bbl	$229,716
Gas	Production	1,740,255 Mcf	$1,092,314
Total			$1,322,030

1,263,390 Mcf of this lease's gas, across 48 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 29.0526, -95.7531. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.05259, -95.75314 · 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

10,845 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 10,845 ft.

Completions filed

Jul 2008

1 of 1 wells

1 well


42-03902821	88 T	10,845 ft	Jul 2008	—	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 (86)

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

86 months


Feb 2000	0	0	27.62	2.73	$0
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	13	0	20.98	2.80	$273
Sep 1999	212	1,709	21.75	2.62	$9,087
Aug 1999	713	10,066	19.26	2.88	$42,678
Jul 1999	659	14,028	17.89	2.37	$45,069
Jun 1999	421	13,061	15.94	2.36	$37,562
May 1999	488	13,203	15.79	2.32	$38,350
Apr 1999	514	13,122	15.10	2.21	$36,735
Mar 1999	617	13,634	12.47	1.84	$32,758
Feb 1999	426	10,029	9.98	1.82	$22,482
Jan 1999	489	9,012	10.38	1.90	$22,198
Dec 1998	593	14,847	9.20	1.77	$31,784
Nov 1998	402	14,606	10.89	2.19	$36,302
Oct 1998	349	14,767	12.42	1.97	$33,414
Sep 1998	418	17,734	12.59	2.08	$42,196
Aug 1998	295	18,414	11.30	1.91	$38,455
Jul 1998	276	18,291	11.74	2.24	$44,162
Jun 1998	265	27,225	11.24	2.24	$63,888
May 1998	262	29,921	12.62	2.21	$69,322
Apr 1998	427	19,326	13.04	2.51	$53,986
Mar 1998	232	23,374	12.80	2.31	$56,950
Feb 1998	210	9,175	13.95	2.30	$24,024
Jan 1998	160	2,223	14.70	2.15	$7,142
Dec 1997	76	2,439	16.32	2.41	$7,121
Nov 1997	128	0	18.19	3.09	$2,328
Oct 1997	169	3,353	19.25	3.15	$13,815
Sep 1997	411	14,916	17.74	2.95	$51,366
Aug 1997	207	15,828	17.86	2.55	$44,133
Jul 1997	166	16,540	17.58	2.25	$40,083
Jun 1997	379	16,802	17.24	2.26	$44,459
May 1997	140	26,438	18.97	2.31	$63,688
Apr 1997	186	17,023	17.88	2.08	$38,781
Mar 1997	172	17,642	18.95	1.94	$37,470
Feb 1997	269	16,836	20.49	2.21	$42,650
Jan 1997	211	21,281	23.48	3.54	$80,283
Dec 1996	210	21,534	23.32	—	$4,897
Nov 1996	245	21,306	21.97	—	$5,383
Oct 1996	207	22,735	23.31	—	$4,825
Sep 1996	128	19,822	22.22	—	$2,844
Aug 1996	133	12,528	20.26	—	$2,695
Jul 1996	146	355	19.55	—	$2,854
Jun 1996	166	1,793	18.73	—	$3,109
May 1996	219	18,774	19.43	—	$4,255
Apr 1996	224	28,679	21.51	—	$4,818
Mar 1996	214	24,756	19.38	—	$4,147
Feb 1996	271	30,117	16.98	—	$4,602
Jan 1996	137	33,628	17.07	—	$2,339
Dec 1995	182	33,128	17.19	—	$3,129
Nov 1995	216	33,059	16.00	—	$3,456
Oct 1995	87	29,543	15.43	—	$1,342
Sep 1995	149	26,771	16.18	—	$2,411
Aug 1995	168	28,838	15.92	—	$2,675
Jul 1995	145	28,995	15.24	—	$2,210
Jun 1995	129	27,515	16.41	—	$2,117
May 1995	70	32,174	17.56	—	$1,229
Apr 1995	8	39,029	17.73	—	$142
Mar 1995	6	34,189	16.44	—	$99
Feb 1995	2	30,553	16.58	—	$33
Jan 1995	8	34,754	15.92	—	$127
Dec 1994	4	21,451	15.03	—	$60
Nov 1994	0	21,451	15.90	—	$0
Oct 1994	3	21,451	15.58	—	$47
Sep 1994	3	25,059	15.29	—	$46
Aug 1994	6	18,918	16.13	—	$97
Jul 1994	2	15,949	17.56	—	$35
Jun 1994	2	15,949	17.09	—	$34
May 1994	3	18,631	15.88	—	$48
Apr 1994	3	18,713	14.14	—	$42
Mar 1994	2	19,284	12.46	—	$25
Feb 1994	4	7,638	12.50	—	$50
Jan 1994	4	34,587	12.66	—	$51
Dec 1993	3	27,343	12.33	—	$37
Nov 1993	4	29,420	14.49	—	$58
Oct 1993	1	2,817	15.85	—	$16
Sep 1993	2	2,689	15.03	—	$30
Aug 1993	3	28,167	15.66	—	$47
Jul 1993	3	28,904	15.46	—	$46
Jun 1993	6	29,502	16.79	—	$101
May 1993	7	64,524	17.68	—	$124
Apr 1993	8	73,307	18.05	—	$144
Mar 1993	3	78,065	18.14	—	$54
Feb 1993	3	24,752	17.90	—	$54
Jan 1993	3	20,244	16.93	—	$51

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            13 bbl  × $ 20.98 =       $273
Gas                    0 Mcf  × $  2.80 =         $0

────────────────────────────────────────────────────
Month total                                     $273

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/117813 is the state's own key, not one this site invented.