OLD OCEAN UNIT

Name: OLD OCEAN UNIT lease production and value, May 2001 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 (F-26) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 185090District 03Field 670118152 tax incentive programmesCondensateGasSave Export

Value, all time

$11.5 M

May 2001 – Jan 2014

Value, last 12 filed months

at the published price for each month

Months reported

153

no gaps in the span

Streams

condensate, gas

The OLD OCEAN (F-26) 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 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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2010-03-18	197585
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	34,655 bbl	$1,596,526
Gas	Production	2,085,540 Mcf	$9,919,713
Total			$11,516,239

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 29.0364, -95.6840. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.03638, -95.68402 · 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

13,000 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 13,000 ft.

Completions filed

Jul 2012

1 of 1 wells

1 well


42-03930574	226	13,000 ft	Jul 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 (153)

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

153 months


Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	11	0	86.77	3.42	$954
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	4	0	89.38	3.40	$358
Sep 2012	52	0	94.67	2.92	$4,923
Aug 2012	53	0	92.66	2.91	$4,911
Jul 2012	35	742	85.13	3.02	$5,221
Jun 2012	74	3,684	79.82	2.52	$15,187
May 2012	194	3,812	91.61	2.49	$27,258
Apr 2012	13	3,302	101.65	2.00	$7,915
Mar 2012	27	4,064	105.05	2.22	$11,867
Feb 2012	35	3,931	101.10	2.57	$13,642
Jan 2012	24	4,177	98.09	2.73	$13,774
Dec 2011	190	4,440	96.87	3.24	$32,790
Nov 2011	24	5,135	95.72	3.31	$19,301
Oct 2011	26	5,299	84.98	3.65	$21,543
Sep 2011	199	4,810	83.62	3.99	$35,812
Aug 2011	29	5,922	83.40	4.15	$26,991
Jul 2011	28	6,092	94.14	4.52	$30,155
Jun 2011	207	6,235	92.90	4.64	$48,160
May 2011	26	6,893	98.13	4.40	$32,914
Apr 2011	30	6,550	105.96	4.33	$31,562
Mar 2011	196	7,078	96.36	4.06	$47,604
Feb 2011	12	6,311	85.64	4.18	$27,408
Jan 2011	216	8,685	86.50	4.59	$58,538
Dec 2010	52	9,163	85.73	4.35	$44,296
Nov 2010	239	9,351	80.84	3.80	$54,811
Oct 2010	105	9,960	78.10	3.51	$43,149
Sep 2010	238	11,004	72.63	3.98	$61,076
Aug 2010	73	12,522	73.68	4.42	$60,718
Jul 2010	240	14,019	72.55	4.74	$83,813
Jun 2010	277	15,158	70.36	4.91	$93,922
May 2010	309	17,499	71.12	4.24	$96,088
Apr 2010	430	18,538	81.69	4.12	$111,553
Mar 2010	257	22,084	78.39	4.39	$117,066
Feb 2010	538	20,900	73.58	5.44	$153,331
Jan 2010	130	18,000	74.36	5.96	$117,020
Dec 2009	656	20,210	71.44	5.48	$157,691
Nov 2009	609	22,117	74.59	3.75	$128,397
Oct 2009	298	21,980	72.54	4.11	$111,960
Sep 2009	608	21,431	65.54	3.06	$105,529
Aug 2009	452	23,924	67.42	3.22	$107,473
Jul 2009	637	25,352	61.13	3.46	$126,772
Jun 2009	465	25,522	66.16	3.90	$130,173
May 2009	888	36,209	54.74	3.93	$190,757
Apr 2009	476	37,678	46.77	3.59	$157,432
Mar 2009	482	42,368	42.14	4.06	$192,283
Feb 2009	447	37,974	32.81	4.63	$190,600
Jan 2009	887	38,397	35.86	5.37	$238,038
Dec 2008	1,078	42,937	37.10	5.98	$296,634
Nov 2008	996	46,519	55.49	6.86	$374,405
Oct 2008	1,087	50,925	75.24	6.92	$434,288
Sep 2008	855	52,991	101.76	7.88	$504,420
Aug 2008	16	6,094	114.22	8.48	$53,523
Jul 2008	9	7,608	131.08	11.39	$87,831
Jun 2008	15	9,090	131.33	13.03	$120,437
May 2008	3	1,508	123.17	11.57	$17,824
Apr 2008	47	2,541	110.31	10.45	$31,750
Mar 2008	54	2,738	101.90	9.66	$31,963
Feb 2008	111	2,868	92.53	8.77	$35,425
Jan 2008	10	3,603	90.38	8.21	$30,469
Dec 2007	83	4,276	88.33	7.30	$38,555
Nov 2007	31	3,554	91.67	7.29	$28,756
Oct 2007	32	3,203	82.85	6.92	$24,822
Sep 2007	31	4,141	75.84	6.24	$28,208
Aug 2007	42	5,181	69.06	6.39	$35,996
Jul 2007	36	4,172	70.90	6.39	$29,203
Jun 2007	27	3,764	62.00	7.55	$30,086
May 2007	32	3,308	58.74	7.85	$27,835
Apr 2007	25	3,189	59.61	7.81	$26,381
Mar 2007	36	3,632	56.92	7.30	$28,570
Feb 2007	29	3,149	55.10	8.22	$27,470
Jan 2007	38	3,775	50.30	6.73	$27,305
Dec 2006	42	3,788	56.65	6.92	$28,586
Nov 2006	38	3,816	54.20	7.62	$31,128
Oct 2006	38	3,899	54.90	6.01	$25,534
Sep 2006	35	3,870	60.08	5.04	$21,597
Aug 2006	25	4,169	68.71	7.34	$32,318
Jul 2006	26	4,342	69.37	6.34	$29,344
Jun 2006	24	4,105	66.28	6.38	$27,797
May 2006	40	4,468	66.01	6.42	$31,347
Apr 2006	40	4,540	64.39	7.36	$35,992
Mar 2006	41	4,609	56.70	7.08	$34,970
Feb 2006	35	3,938	57.59	7.75	$32,540
Jan 2006	51	5,350	60.59	8.93	$50,883
Dec 2005	47	4,801	54.94	13.42	$66,990
Nov 2005	33	4,884	54.69	10.59	$53,519
Oct 2005	36	5,413	58.34	13.80	$76,777
Sep 2005	29	4,776	61.45	12.08	$59,471
Aug 2005	47	5,494	61.51	9.80	$56,715
Jul 2005	35	6,060	55.69	7.84	$49,482
Jun 2005	26	5,569	52.33	7.38	$42,466
May 2005	31	5,848	45.22	6.65	$40,298
Apr 2005	25	6,034	49.20	7.36	$45,643
Mar 2005	40	6,246	50.37	7.15	$46,704
Feb 2005	37	5,524	45.22	6.31	$36,540
Jan 2005	73	7,722	43.16	6.32	$51,971
Dec 2004	127	7,278	39.86	6.75	$54,197
Nov 2004	119	6,935	45.28	6.33	$49,290
Oct 2004	121	7,506	49.70	6.52	$54,916
Sep 2004	134	8,070	43.24	5.28	$48,435
Aug 2004	136	8,625	42.37	5.55	$53,637
Jul 2004	132	8,644	38.28	6.08	$57,645
Jun 2004	155	8,626	36.10	6.43	$61,087
May 2004	156	9,395	37.48	6.49	$66,863
Apr 2004	160	9,523	34.47	5.86	$61,305
Mar 2004	196	10,297	34.36	5.53	$63,678
Feb 2004	172	10,479	32.45	5.51	$63,317
Jan 2004	216	11,422	32.03	6.30	$78,873
Dec 2003	208	11,655	30.26	6.30	$79,740
Nov 2003	201	12,078	28.80	4.60	$61,289
Oct 2003	201	12,249	28.17	4.76	$63,963
Sep 2003	189	12,238	26.31	4.75	$63,095
Aug 2003	255	13,510	29.76	5.13	$76,891
Jul 2003	232	13,958	29.41	5.17	$78,998
Jun 2003	191	14,484	28.56	5.98	$92,112
May 2003	169	15,552	26.59	5.97	$97,381
Apr 2003	172	16,447	26.67	5.41	$93,521
Mar 2003	364	17,279	31.14	6.10	$116,668
Feb 2003	185	16,811	33.48	7.93	$139,436
Jan 2003	357	20,174	30.31	5.58	$123,433
Dec 2002	368	24,098	26.91	4.85	$126,869
Nov 2002	372	27,397	24.66	4.14	$122,514
Oct 2002	725	33,489	26.46	4.23	$160,813
Sep 2002	542	39,858	27.44	3.64	$159,764
Aug 2002	884	49,795	25.96	3.16	$180,508
Jul 2002	771	50,760	24.58	3.06	$174,366
Jun 2002	769	59,879	23.73	3.34	$218,139
May 2002	1,502	83,440	24.66	3.58	$336,088
Apr 2002	2,504	120,795	23.65	3.51	$483,490
Mar 2002	1,178	71,940	22.00	3.10	$249,126
Feb 2002	555	21,461	18.22	2.38	$61,097
Jan 2002	313	22,201	17.17	2.38	$58,117
Dec 2001	195	2,424	16.93	2.36	$9,033
Nov 2001	0	8,732	18.07	2.41	$21,005
Oct 2001	381	13,674	19.78	2.53	$42,116
Sep 2001	377	18,279	24.26	2.25	$50,298
Aug 2001	381	28,877	24.87	3.05	$97,642
Jul 2001	778	48,658	23.93	3.20	$174,181
Jun 2001	397	50,748	24.56	3.82	$203,819
May 2001	0	3,247	25.52	4.31	$13,986

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 2012 — as filed, then multipliedworked

Condensate            11 bbl  × $ 86.77 =       $954
Gas                    0 Mcf  × $  3.42 =         $0

────────────────────────────────────────────────────
Month total                                     $954

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/185090 is the state's own key, not one this site invented.