OLD OCEAN UNIT

Name: OLD OCEAN UNIT lease production and value, Jun 1996 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 160005District 03Field 67011100CondensateGasSave Export

Value, all time

$3.3 M

Jun 1996 – Aug 2001

Value, last 12 filed months

$500 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	9,414 bbl	$174,997
Gas	Production	1,260,637 Mcf	$3,082,268
Total			$3,257,265

123,981 Mcf of this lease's gas, across 6 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 29.0493, -95.7613. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.04925, -95.76133 · 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

10,890 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 10,890 ft.

Completions filed

Dec 2019

1 of 1 wells

1 well


42-03902818	58	10,890 ft	Dec 2019	—	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 (63)

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

63 months


Aug 2001	0	0	24.87	3.05	$0
Jul 2001	19	104	23.93	3.20	$787
Jun 2001	60	3,491	24.56	3.82	$14,824
May 2001	99	7,295	25.52	4.31	$33,948
Apr 2001	80	6,527	24.68	5.34	$36,798
Mar 2001	133	6,090	24.54	5.38	$36,006
Feb 2001	117	7,819	27.75	5.77	$48,340
Jan 2001	149	10,472	27.47	8.40	$92,045
Dec 2000	102	10,647	26.88	9.12	$99,869
Nov 2000	98	9,053	32.21	5.66	$54,378
Oct 2000	65	7,444	31.23	5.15	$40,333
Sep 2000	80	7,728	31.87	5.19	$42,631
Aug 2000	102	10,651	29.64	4.54	$51,387
Jul 2000	97	10,168	28.53	4.09	$44,352
Jun 2000	64	3,575	29.30	4.40	$17,595
May 2000	68	7,661	27.26	3.68	$30,044
Apr 2000	86	549	24.51	3.12	$3,819
Mar 2000	148	10,039	28.42	2.86	$32,915
Feb 2000	217	8,928	27.62	2.73	$30,336
Jan 2000	198	13,512	25.27	2.48	$38,520
Dec 1999	257	14,298	24.28	2.42	$40,894
Nov 1999	158	12,987	23.19	2.43	$35,274
Oct 1999	168	11,820	20.98	2.80	$36,664
Sep 1999	157	14,824	21.75	2.62	$42,237
Aug 1999	215	8,770	19.26	2.88	$29,360
Jul 1999	196	12,333	17.89	2.37	$32,765
Jun 1999	129	14,119	15.94	2.36	$35,407
May 1999	222	12,242	15.79	2.32	$31,919
Apr 1999	292	14,007	15.10	2.21	$35,337
Mar 1999	347	14,208	12.47	1.84	$30,446
Feb 1999	248	14,692	9.98	1.82	$29,182
Jan 1999	283	16,047	10.38	1.90	$33,426
Dec 1998	338	16,810	9.20	1.77	$32,919
Nov 1998	235	18,845	10.89	2.19	$43,749
Oct 1998	209	14,898	12.42	1.97	$31,933
Sep 1998	241	27,739	12.59	2.08	$60,804
Aug 1998	143	31,547	11.30	1.91	$61,787
Jul 1998	113	33,550	11.74	2.24	$76,387
Jun 1998	101	31,493	11.24	2.24	$71,594
May 1998	165	19,400	12.62	2.21	$44,885
Apr 1998	281	18,249	13.04	2.51	$49,384
Mar 1998	152	27,663	12.80	2.31	$65,832
Feb 1998	138	18,904	13.95	2.30	$45,388
Jan 1998	185	37,310	14.70	2.15	$83,115
Dec 1997	157	38,104	16.32	2.41	$94,435
Nov 1997	109	26,688	18.19	3.09	$84,402
Oct 1997	42	0	19.25	3.15	$809
Sep 1997	257	152,657	17.74	2.95	$455,642
Aug 1997	129	52,007	17.86	2.55	$135,168
Jul 1997	100	59,862	17.58	2.25	$136,264
Jun 1997	214	54,508	17.24	2.26	$126,725
May 1997	61	104,469	18.97	2.31	$242,324
Apr 1997	51	36,914	17.88	2.08	$77,796
Mar 1997	72	0	18.95	1.94	$1,364
Feb 1997	132	543	20.49	2.21	$3,902
Jan 1997	107	12,396	23.48	3.54	$46,390
Dec 1996	117	14,348	23.32	—	$2,728
Nov 1996	169	16,577	21.97	—	$3,713
Oct 1996	204	20,897	23.31	—	$4,755
Sep 1996	216	22,789	22.22	—	$4,800
Aug 1996	191	21,195	20.26	—	$3,870
Jul 1996	131	28,175	19.55	—	$2,561
Jun 1996	0	0	18.73	—	$0

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.

Jul 2001 — as filed, then multipliedworked

Condensate            19 bbl  × $ 23.93 =       $455
Gas                  104 Mcf  × $  3.20 =       $333

────────────────────────────────────────────────────
Month total                                     $787

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/160005 is the state's own key, not one this site invented.