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

Gas lease lease 124841District 03Field 67011100CondensateGasSave Export

Value, all time

$2.4 M

Jan 1993 – Feb 2005

Value, last 12 filed months

$69

at the published price for each month

Months reported

146

no gaps in the span

Streams

condensate, gas

The OLD OCEAN (ARMSTRONG) 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 173 leases and 262 wells, and the rule below applies to all of them.

Discovered

1936-12-31

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 40 acres. The field rule took effect on 1976-10-01.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 01/01/97.”

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	7,030 bbl	$133,551
Gas	Production	1,371,657 Mcf	$2,311,736
Total			$2,445,287

663,759 Mcf of this lease's gas, across 42 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 29.0247, -95.7903. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.02473, -95.79029 · 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

100.0%

1 of 1 wells

Median depth

10,948 ft

1 wells filed one

Completion to plug

7.5 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

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

1100.0%

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 10,948 ft.

Completions filed

Feb 2005

1 of 1 wells

Plug dates filed

Aug 2012

1 of 1 wells

Last completion to plug: a median of 7.5 years across the 1 well that filed both dates, with the middle half between 7.5 years and 7.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-32100755	35	10,948 ft	Feb 2005	Aug 2012	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 (146)

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

146 months


Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	2	0	34.36	5.53	$69
Feb 2004	7	502	32.45	5.51	$2,993
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	6	54	26.67	5.41	$452
Mar 2003	8	542	31.14	6.10	$3,553
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	1	4	26.91	4.85	$46
Nov 2002	1	57	24.66	4.14	$260
Oct 2002	0	14	26.46	4.23	$59
Sep 2002	2	0	27.44	3.64	$55
Aug 2002	36	128	25.96	3.16	$1,340
Jul 2002	113	2,339	24.58	3.06	$9,939
Jun 2002	112	2,649	23.73	3.34	$11,501
May 2002	193	5,504	24.66	3.58	$24,486
Apr 2002	203	6,047	23.65	3.51	$26,040
Mar 2002	265	5,337	22.00	3.10	$22,389
Feb 2002	161	4,027	18.22	2.38	$12,500
Jan 2002	262	4,397	17.17	2.38	$14,944
Dec 2001	388	11,436	16.93	2.36	$33,608
Nov 2001	401	11,592	18.07	2.41	$35,131
Oct 2001	201	10,892	19.78	2.53	$31,520
Sep 2001	139	8,694	24.26	2.25	$22,945
Aug 2001	64	7,435	24.87	3.05	$24,292
Jul 2001	56	5,478	23.93	3.20	$18,854
Jun 2001	24	3,841	24.56	3.82	$15,278
May 2001	1	10,174	25.52	4.31	$43,848
Apr 2001	2	11,467	24.68	5.34	$61,229
Mar 2001	13	11,184	24.54	5.38	$60,449
Feb 2001	29	11,650	27.75	5.77	$67,991
Jan 2001	36	13,505	27.47	8.40	$114,414
Dec 2000	0	14,726	26.88	9.12	$134,338
Nov 2000	0	15,168	32.21	5.66	$85,821
Oct 2000	0	16,553	31.23	5.15	$85,173
Sep 2000	0	12,311	31.87	5.19	$63,851
Aug 2000	0	19,073	29.64	4.54	$86,606
Jul 2000	0	20,745	28.53	4.09	$84,842
Jun 2000	0	20,878	29.30	4.40	$91,806
May 2000	0	21,888	27.26	3.68	$80,542
Apr 2000	0	15,706	24.51	3.12	$48,940
Mar 2000	0	4,506	28.42	2.86	$12,886
Feb 2000	0	12,447	27.62	2.73	$33,937
Jan 2000	0	6,817	25.27	2.48	$16,910
Dec 1999	0	7,213	24.28	2.42	$17,482
Nov 1999	0	27	23.19	2.43	$66
Oct 1999	0	2,378	20.98	2.80	$6,667
Sep 1999	0	8,427	21.75	2.62	$22,069
Aug 1999	0	10,609	19.26	2.88	$30,507
Jul 1999	0	8,763	17.89	2.37	$20,789
Jun 1999	0	9,522	15.94	2.36	$22,492
May 1999	0	10,917	15.79	2.32	$25,339
Apr 1999	0	10,648	15.10	2.21	$23,511
Mar 1999	0	10,232	12.47	1.84	$18,810
Feb 1999	0	6,795	9.98	1.82	$12,352
Jan 1999	0	6,127	10.38	1.90	$11,641
Dec 1998	0	6,121	9.20	1.77	$10,854
Nov 1998	0	10,971	10.89	2.19	$23,980
Oct 1998	0	9,915	12.42	1.97	$19,525
Sep 1998	0	10,809	12.59	2.08	$22,511
Aug 1998	0	11,885	11.30	1.91	$22,669
Jul 1998	0	15,479	11.74	2.24	$34,631
Jun 1998	0	16,534	11.24	2.24	$36,991
May 1998	116	14,027	12.62	2.21	$32,412
Apr 1998	210	12,103	13.04	2.51	$33,060
Mar 1998	114	11,974	12.80	2.31	$29,112
Feb 1998	106	11,333	13.95	2.30	$27,535
Jan 1998	147	14,595	14.70	2.15	$33,610
Dec 1997	138	15,966	16.32	2.41	$40,748
Nov 1997	116	5,332	18.19	3.09	$18,577
Oct 1997	81	4,010	19.25	3.15	$14,190
Sep 1997	195	10,130	17.74	2.95	$33,392
Aug 1997	98	14,031	17.86	2.55	$37,596
Jul 1997	80	15,767	17.58	2.25	$36,834
Jun 1997	189	14,107	17.24	2.26	$35,101
May 1997	78	23,366	18.97	2.31	$55,420
Apr 1997	115	6,196	17.88	2.08	$14,961
Mar 1997	107	7,255	18.95	1.94	$16,096
Feb 1997	167	11,288	20.49	2.21	$28,322
Jan 1997	130	13,279	23.48	3.54	$50,056
Dec 1996	130	16,132	23.32	—	$3,032
Nov 1996	152	14,067	21.97	—	$3,339
Oct 1996	127	15,277	23.31	—	$2,960
Sep 1996	79	15,651	22.22	—	$1,755
Aug 1996	82	15,934	20.26	—	$1,661
Jul 1996	90	17,168	19.55	—	$1,760
Jun 1996	90	15,555	18.73	—	$1,686
May 1996	107	16,991	19.43	—	$2,079
Apr 1996	91	16,703	21.51	—	$1,957
Mar 1996	99	14,213	19.38	—	$1,919
Feb 1996	143	17,393	16.98	—	$2,428
Jan 1996	85	18,210	17.07	—	$1,451
Dec 1995	112	18,342	17.19	—	$1,925
Nov 1995	133	17,463	16.00	—	$2,128
Oct 1995	54	19,690	15.43	—	$833
Sep 1995	92	19,099	16.18	—	$1,489
Aug 1995	104	19,060	15.92	—	$1,656
Jul 1995	89	21,274	15.24	—	$1,356
Jun 1995	79	22,182	16.41	—	$1,296
May 1995	42	23,410	17.56	—	$738
Apr 1995	0	0	17.73	—	$0
Mar 1995	0	19,925	16.44	—	$0
Feb 1995	0	20,805	16.58	—	$0
Jan 1995	0	4,656	15.92	—	$0
Dec 1994	0	0	15.03	—	$0
Nov 1994	0	0	15.90	—	$0
Oct 1994	0	0	15.58	—	$0
Sep 1994	0	0	15.29	—	$0
Aug 1994	0	0	16.13	—	$0
Jul 1994	3	4,063	17.56	—	$53
Jun 1994	4	4,063	17.09	—	$68
May 1994	8	6,993	15.88	—	$127
Apr 1994	7	14,529	14.14	—	$99
Mar 1994	11	15,228	12.46	—	$137
Feb 1994	12	17,283	12.50	—	$150
Jan 1994	7	16,722	12.66	—	$89
Dec 1993	6	206	12.33	—	$74
Nov 1993	11	14,854	14.49	—	$159
Oct 1993	9	18,131	15.85	—	$143
Sep 1993	4	15,934	15.03	—	$60
Aug 1993	7	17,451	15.66	—	$110
Jul 1993	8	20,770	15.46	—	$124
Jun 1993	7	18,067	16.79	—	$118
May 1993	8	17,058	17.68	—	$141
Apr 1993	7	17,492	18.05	—	$126
Mar 1993	4	16,234	18.14	—	$73
Feb 1993	6	12,356	17.90	—	$107
Jan 1993	8	17,125	16.93	—	$135

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.

Mar 2004 — as filed, then multipliedworked

Condensate             2 bbl  × $ 34.36 =        $69
Gas                    0 Mcf  × $  5.53 =         $0

────────────────────────────────────────────────────
Month total                                      $69

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/124841 is the state's own key, not one this site invented.