OLD OCEAN UNIT

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the OLD OCEAN (F-26) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 128379District 03Field 67011815NGPA filingCondensateGasSaveExport
Value, all time
$29.7 M
Jan 1993 – Feb 2021
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
338
no gaps in the span
Streams
2
condensate, gas

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 14 leases and 14 wells, and the rule below applies to all of them.

Discovered
1988-05-31
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2004-03-23.

The Commission's schedule remark for this field reads: EFF. 7/29/08 PER DOCKET #03-0257497.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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.

StreamBasisVolumeValue
CondensateDisposition136,330 bbl$8,315,626
GasProduction3,990,567 Mcf$21,392,156
Total$29,707,781

107,490 Mcf of this lease's gas, across 23 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 29.0160, -95.7338. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.01601, -95.73377 · centre of the wells drawn, derived

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
15,500 ft
1 wells filed one
Completion to plug
4 months
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 15,500 ft.

Completions filed
Apr 2020
1 of 1 wells
Plug dates filed
Aug 2020
1 of 1 wells

Last completion to plug: a median of 4 months across the 1 well that filed both dates, with the middle half between 4 months and 4 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-0393223123315,500 ftApr 2020Aug 2020Yes

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 (338)

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

338 months

Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 202070044.642.68$3,125
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 201803863.842.90$110
Mar 201802961.222.79$81
Feb 201801561.782.77$41
Jan 201891762.874.01$634
Dec 201711157.272.92$89
Nov 2017515455.423.12$757
Oct 2017712249.292.98$709
Sep 20173146647.523.09$2,912
Aug 20172979,09345.373.00$40,794
Jul 201729112,34543.873.09$50,879
Jun 201729311,25942.493.09$47,209
May 201746312,55145.373.26$61,965
Apr 201725111,71047.933.21$49,638
Mar 201747412,64846.772.98$59,907
Feb 201727411,44950.452.95$47,628
Jan 201732814,25849.413.42$64,952
Dec 201648813,02248.763.72$72,274
Nov 201630712,77042.492.64$46,813
Oct 201633012,19446.193.09$52,925
Sep 201649812,06541.553.10$58,101
Aug 201635613,13541.442.92$53,164
Jul 201648113,46941.622.92$59,407
Jun 201625413,94745.352.69$48,978
May 201628213,60742.521.99$39,083
Apr 201644912,72536.561.99$41,751
Mar 201628213,03733.011.79$32,697
Feb 201647812,21526.472.06$37,860
Jan 201629013,96127.352.36$40,940
Dec 201544813,71232.362.00$41,941
Nov 201541613,10338.792.17$44,535
Oct 201535115,10143.552.43$51,930
Sep 201529715,14042.992.76$54,531
Aug 201533416,05440.162.87$59,528
Jul 201550316,25748.152.95$72,098
Jun 201531415,93556.152.88$63,569
May 201516315,50955.212.96$54,835
Apr 201553915,81049.822.71$69,644
Mar 201531516,76242.892.93$62,702
Feb 201553315,42044.662.98$69,697
Jan 201534417,13443.433.10$68,066
Dec 201451017,19854.693.59$89,656
Nov 201428516,65470.464.25$90,891
Oct 201447019,03878.303.90$111,067
Sep 201412213,83286.164.05$66,468
Aug 201427911,52689.394.04$71,449
Jul 201453716,14896.564.18$119,345
Jun 201435414,62398.164.74$104,016
May 201450715,73994.734.73$122,419
Apr 201434815,43095.944.81$107,592
Mar 201445916,19995.895.06$125,929
Feb 201460514,43197.406.19$148,284
Jan 201458616,40290.404.86$132,700
Dec 201368116,62791.824.35$134,931
Nov 201355016,31588.853.74$109,858
Oct 201346816,91597.423.78$109,520
Sep 201351615,847104.113.72$112,636
Aug 201349017,243104.253.52$111,823
Jul 201352217,205102.523.72$117,479
Jun 201343515,91094.403.93$103,645
May 201350417,79894.834.15$121,640
Apr 201344018,10793.964.28$118,887
Mar 201369419,38793.623.91$140,831
Feb 201330217,85491.233.42$88,611
Jan 201365619,78091.603.42$127,735
Dec 201250719,56686.773.42$110,911
Nov 201269418,90886.953.62$128,884
Oct 201252623,57889.383.40$127,172
Sep 201253924,71294.672.92$123,147
Aug 201253922,62092.662.91$115,726
Jul 201262222,69285.133.02$121,499
Jun 201273920,14079.822.52$109,720
May 201250820,83391.612.49$98,377
Apr 201247617,722101.652.00$83,773
Mar 201265418,381105.052.22$109,547
Feb 201266517,530101.102.57$112,288
Jan 201253018,03998.092.73$101,308
Dec 201168017,82296.873.24$123,610
Nov 201146618,20895.723.31$104,897
Oct 201169518,71484.983.65$127,340
Sep 201164317,46283.623.99$123,368
Aug 201153118,93183.404.15$122,836
Jul 201168319,32994.144.52$151,611
Jun 201170018,76692.904.64$152,102
May 201165719,88998.134.40$152,079
Apr 201164419,566105.964.33$153,023
Mar 201169020,58496.364.06$150,005
Feb 201158618,91685.644.18$129,254
Jan 201166021,56986.504.59$156,065
Dec 201066021,67385.734.35$150,811
Nov 201064021,35080.843.80$132,768
Oct 201065020,56778.103.51$122,932
Sep 201063420,78572.633.98$128,761
Aug 201098422,24173.684.42$170,792
Jul 201044820,09672.554.74$127,687
Jun 201040221,34570.364.91$133,097
May 201076622,70071.124.24$150,617
Apr 201077522,95781.694.12$157,954
Mar 201078723,42278.394.39$164,484
Feb 201047420,87573.585.44$148,486
Jan 20101,20819,95774.365.96$208,852
Dec 20091,03823,14271.445.48$201,060
Nov 200942919,51274.593.75$105,198
Oct 200978720,08172.544.11$139,627
Sep 200975618,68165.543.06$106,801
Aug 200942719,59467.423.22$91,852
Jul 200976019,47861.133.46$113,940
Jun 200961418,75466.163.90$113,669
May 200997624,90254.743.93$151,185
Apr 200958825,37846.773.59$118,544
Mar 200983926,33842.144.06$142,261
Feb 200995423,72932.814.63$141,237
Jan 200964026,25135.865.37$163,945
Dec 200877526,12337.105.98$184,893
Nov 200842025,50255.496.86$198,259
Oct 200873725,67975.246.92$233,201
Sep 20081,00020,434101.767.88$262,720
Aug 20081,02625,915114.228.48$337,027
Jul 200842325,977131.0811.39$351,310
Jun 200875525,146131.3313.03$426,873
May 200898825,761123.1711.57$419,857
Apr 200886125,016110.3110.45$356,516
Mar 200896927,356101.909.66$363,111
Feb 20081,40523,74292.538.77$338,236
Jan 200888720,12390.388.21$245,291
Dec 20071,13243,65788.337.30$418,772
Nov 20071,07725,13391.677.29$281,991
Oct 200777122,23282.856.92$217,767
Sep 200792421,59075.846.24$204,888
Aug 20071,14622,18669.066.39$220,866
Jul 20071,18122,44870.906.39$227,129
Jun 20071,08921,92762.007.55$233,033
May 200777122,87758.747.85$224,788
Apr 200775722,45659.617.81$220,398
Mar 200778623,46656.927.30$216,087
Feb 200760621,53255.108.22$210,298
Jan 200761723,86350.306.73$191,558
Dec 200679824,24056.656.92$212,910
Nov 200678023,48154.207.62$221,142
Oct 200676424,61254.906.01$189,955
Sep 200677524,32460.085.04$169,087
Aug 200689525,36968.717.34$247,702
Jul 200688525,50969.376.34$223,190
Jun 200654325,04066.286.38$195,842
May 200695025,59066.016.42$227,125
Apr 200677025,20064.397.36$235,064
Mar 200675327,48556.707.08$237,369
Feb 200678628,00857.597.75$262,359
Jan 200679730,99660.598.93$325,187
Dec 200580029,43954.9413.42$438,888
Nov 200596028,57854.6910.59$355,098
Oct 200595427,92558.3413.80$440,903
Sep 200553823,70261.4512.08$319,357
Aug 200575826,80861.519.80$309,258
Jul 20051,09327,33355.697.84$275,259
Jun 200563726,42952.337.38$228,408
May 200589727,95445.226.65$226,489
Apr 20051,04829,74749.207.36$270,514
Mar 200593231,11450.377.15$269,562
Feb 200595828,24645.226.31$221,607
Jan 20051,15731,47443.166.32$248,921
Dec 20042,51731,36639.866.75$312,082
Nov 200498131,60145.286.33$244,467
Oct 20042,63633,28649.706.52$347,871
Sep 20041,42934,81043.245.28$245,723
Aug 20042,60835,67642.375.55$308,526
Jul 20041,52736,23838.286.08$278,932
Jun 20042,22135,31736.106.43$307,373
May 20041,65737,32037.486.49$304,482
Apr 20041,79636,89334.475.86$278,044
Mar 20041,84538,38734.365.53$275,680
Feb 20042,55336,84232.455.51$285,830
Jan 20041,64439,95932.036.30$304,385
Dec 20033,04039,24730.266.30$339,311
Nov 20031,31639,78528.804.60$220,719
Oct 20032,32047,36228.174.76$290,780
Sep 20031,58553,67526.314.75$296,623
Aug 20031,88055,15529.765.13$338,879
Jul 20031,25757,25929.415.17$333,046
Jun 20032,23956,15028.565.98$399,889
May 20031,10635,26326.595.97$240,023
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 19960020.26$0
Jul 19960019.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 19950015.24$0
Jun 19950016.41$0
May 19950017.56$0
Apr 19950017.73$0
Mar 19950016.44$0
Feb 19950016.58$0
Jan 19950015.92$0
Dec 1994010815.03$0
Nov 1994410815.90$64
Oct 1994210815.58$31
Sep 1994212115.29$31
Aug 1994510716.13$81
Jul 1994331,21417.56$579
Jun 1994101,21417.09$171
May 19945665815.88$889
Apr 1994152,99514.14$212
Mar 199431012.46$386
Feb 19941052,06912.50$1,313
Jan 1994871,56512.66$1,101
Dec 1993865,84312.33$1,060
Nov 19931415,47814.49$2,043
Oct 19931527,39315.85$2,409
Sep 1993866,90815.03$1,293
Aug 199316310,32315.66$2,553
Jul 199327113,45915.46$4,190
Jun 19939419,91316.79$1,578
May 1993474,79217.68$831
Apr 1993252,29218.05$451
Mar 1993301,53718.14$544
Feb 19931193,49117.90$2,130
Jan 199324215,79416.93$4,097

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.

Dec 2020 — as filed, then multipliedworked
Condensate            70 bbl  × $ 44.64 =     $3,125
Gas                    0 Mcf  × $  2.68 =         $0

────────────────────────────────────────────────────
Month total                                   $3,125

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/128379 is the state's own key, not one this site invented.