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 131307District 03Field 67011100CondensateGasSave Export

Value, all time

$2.3 M

Jan 1993 – May 2000

Value, last 12 filed months

$297 k

at the published price for each month

Months reported

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	46,048 bbl	$816,658
Gas	Production	1,760,576 Mcf	$1,438,602
Total			$2,255,260

1,130,949 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 29.0588, -95.7262. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.05883, -95.72621 · 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

10,920 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 10,920 ft.

Completions filed

Jun 2005

1 of 1 wells

1 well


42-03903974	106	10,920 ft	Jun 2005	—	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 (89)

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

89 months


May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	957	1,608	24.28	2.42	$27,133
Nov 1999	842	6,832	23.19	2.43	$36,155
Oct 1999	1,100	8,644	20.98	2.80	$47,313
Sep 1999	1,020	10,096	21.75	2.62	$48,625
Aug 1999	1,371	9,885	19.26	2.88	$54,831
Jul 1999	1,180	11,158	17.89	2.37	$47,581
Jun 1999	764	9,790	15.94	2.36	$35,303
May 1999	944	18,474	15.79	2.32	$57,784
Apr 1999	985	19,072	15.10	2.21	$56,985
Mar 1999	1,176	20,885	12.47	1.84	$53,058
Feb 1999	819	20,255	9.98	1.82	$44,993
Jan 1999	940	23,875	10.38	1.90	$55,119
Dec 1998	1,127	21,236	9.20	1.77	$48,027
Nov 1998	776	23,609	10.89	2.19	$60,053
Oct 1998	693	26,333	12.42	1.97	$60,462
Sep 1998	810	33,866	12.59	2.08	$80,728
Aug 1998	546	4,230	11.30	1.91	$14,238
Jul 1998	522	542	11.74	2.24	$7,341
Jun 1998	500	14,392	11.24	2.24	$37,819
May 1998	94	40,707	12.62	2.21	$91,000
Apr 1998	87	24,346	13.04	2.51	$62,129
Mar 1998	48	40,865	12.80	2.31	$94,990
Feb 1998	45	27,235	13.95	2.30	$63,245
Jan 1998	64	43,502	14.70	2.15	$94,678
Dec 1997	62	12,564	16.32	2.41	$31,305
Nov 1997	57	11,549	18.19	3.09	$36,703
Oct 1997	45	12,951	19.25	3.15	$41,660
Sep 1997	145	10,888	17.74	2.95	$34,745
Aug 1997	107	11,681	17.86	2.55	$31,753
Jul 1997	139	13,670	17.58	2.25	$33,159
Jun 1997	574	13,408	17.24	2.26	$40,160
May 1997	526	19,851	18.97	2.31	$55,804
Apr 1997	1,226	15,471	17.88	2.08	$54,144
Mar 1997	1,124	14,591	18.95	1.94	$49,594
Feb 1997	1,765	14,000	20.49	2.21	$67,047
Jan 1997	1,374	17,566	23.48	3.54	$94,440
Dec 1996	1,384	18,481	23.32	—	$32,275
Nov 1996	1,602	18,547	21.97	—	$35,196
Oct 1996	1,351	19,725	23.31	—	$31,492
Sep 1996	835	18,375	22.22	—	$18,554
Aug 1996	870	20,287	20.26	—	$17,626
Jul 1996	955	22,904	19.55	—	$18,670
Jun 1996	953	22,030	18.73	—	$17,850
May 1996	915	22,042	19.43	—	$17,778
Apr 1996	1,159	20,502	21.51	—	$24,930
Mar 1996	1,042	22,978	19.38	—	$20,194
Feb 1996	1,517	22,860	16.98	—	$25,759
Jan 1996	900	24,731	17.07	—	$15,363
Dec 1995	1,188	23,611	17.19	—	$20,422
Nov 1995	1,414	25,329	16.00	—	$22,624
Oct 1995	574	24,521	15.43	—	$8,857
Sep 1995	973	23,634	16.18	—	$15,743
Aug 1995	1,102	25,358	15.92	—	$17,544
Jul 1995	946	26,065	15.24	—	$14,417
Jun 1995	837	26,620	16.41	—	$13,735
May 1995	447	27,279	17.56	—	$7,849
Apr 1995	8	32,039	17.73	—	$142
Mar 1995	6	27,293	16.44	—	$99
Feb 1995	8	24,708	16.58	—	$133
Jan 1995	4	27,492	15.92	—	$64
Dec 1994	10	26,354	15.03	—	$150
Nov 1994	10	26,354	15.90	—	$159
Oct 1994	398	26,355	15.58	—	$6,201
Sep 1994	6	31,115	15.29	—	$92
Aug 1994	13	29,291	16.13	—	$210
Jul 1994	4	25,870	17.56	—	$70
Jun 1994	3	25,870	17.09	—	$51
May 1994	6	23,740	15.88	—	$95
Apr 1994	5	25,003	14.14	—	$71
Mar 1994	4	26,966	12.46	—	$50
Feb 1994	6	16,478	12.50	—	$75
Jan 1994	3	19,543	12.66	—	$38
Dec 1993	3	21,233	12.33	—	$37
Nov 1993	4	21,268	14.49	—	$58
Oct 1993	5	22,908	15.85	—	$79
Sep 1993	2	21,841	15.03	—	$30
Aug 1993	3	26,284	15.66	—	$47
Jul 1993	3	24,278	15.46	—	$46
Jun 1993	2	22,816	16.79	—	$34
May 1993	3	21,672	17.68	—	$53
Apr 1993	3	20,091	18.05	—	$54
Mar 1993	2	22,311	18.14	—	$36
Feb 1993	3	20,516	17.90	—	$54
Jan 1993	3	15,381	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.

Dec 1999 — as filed, then multipliedworked

Condensate           957 bbl  × $ 24.28 =    $23,236
Gas                1,608 Mcf  × $  2.42 =     $3,897

────────────────────────────────────────────────────
Month total                                  $27,133

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/131307 is the state's own key, not one this site invented.