OLD OCEAN UNIT

Name: OLD OCEAN UNIT lease production and value, Jun 2002 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 189750District 03Field 670118152 tax incentive programmesCondensateGasSave Export

Value, all time

$7.7 M

Jun 2002 – Apr 2020

Value, last 12 filed months

$1 k

at the published price for each month

Months reported

215

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	197587
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	14,876 bbl	$782,546
Gas	Production	1,214,377 Mcf	$6,954,959
Total			$7,737,505

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 29.0105, -95.7301. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.01052, -95.73011 · 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

12,574 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 12,574 ft.

Completions filed

Jun 2019

1 of 1 wells

1 well


42-03932765	239	12,574 ft	Jun 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 (215)

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

215 months


Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	29	0	49.88	1.98	$1,447
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	1	22	50.85	2.79	$112
Jan 2019	0	13	46.03	3.23	$42
Dec 2018	0	14	46.59	4.19	$59
Nov 2018	0	14	52.93	4.24	$59
Oct 2018	0	16	61.44	3.40	$54
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	17	59.40	3.07	$52
Jul 2018	0	30	65.14	2.93	$88
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	27	65.38	2.90	$78
Apr 2018	0	35	63.84	2.90	$102
Mar 2018	0	30	61.22	2.79	$84
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	42	62.87	4.01	$168
Dec 2017	0	24	57.27	2.92	$70
Nov 2017	0	30	55.42	3.12	$94
Oct 2017	0	9	49.29	2.98	$27
Sep 2017	0	36	47.52	3.09	$111
Aug 2017	0	46	45.37	3.00	$138
Jul 2017	0	34	43.87	3.09	$105
Jun 2017	0	48	42.49	3.09	$148
May 2017	0	41	45.37	3.26	$134
Apr 2017	0	55	47.93	3.21	$177
Mar 2017	1	100	46.77	2.98	$345
Feb 2017	0	68	50.45	2.95	$201
Jan 2017	0	62	49.41	3.42	$212
Dec 2016	1	78	48.76	3.72	$339
Nov 2016	1	66	42.49	2.64	$217
Oct 2016	1	81	46.19	3.09	$297
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	95	41.44	2.92	$278
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	1	147	45.35	2.69	$440
May 2016	0	0	42.52	1.99	$0
Apr 2016	17	2,425	36.56	1.99	$5,450
Mar 2016	165	5,168	33.01	1.79	$14,718
Feb 2016	44	6,143	26.47	2.06	$13,842
Jan 2016	42	7,438	27.35	2.36	$18,735
Dec 2015	43	7,894	32.36	2.00	$17,191
Nov 2015	26	8,119	38.79	2.17	$18,605
Oct 2015	20	2,111	43.55	2.43	$5,994
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	1	68	40.16	2.87	$235
Jul 2015	5	0	48.15	2.95	$241
Jun 2015	7	1,049	56.15	2.88	$3,417
May 2015	17	2,153	55.21	2.96	$7,302
Apr 2015	17	1,907	49.82	2.71	$6,008
Mar 2015	12	1,926	42.89	2.93	$6,167
Feb 2015	16	1,758	44.66	2.98	$5,947
Jan 2015	15	2,042	43.43	3.10	$6,983
Dec 2014	22	1,980	54.69	3.59	$8,314
Nov 2014	13	1,985	70.46	4.25	$9,356
Oct 2014	9	2,192	78.30	3.90	$9,256
Sep 2014	197	1,995	86.16	4.05	$25,044
Aug 2014	14	1,973	89.39	4.04	$9,213
Jul 2014	26	1,916	96.56	4.18	$10,519
Jun 2014	29	1,784	98.16	4.74	$11,297
May 2014	22	1,954	94.73	4.73	$11,320
Apr 2014	17	1,912	95.94	4.81	$10,826
Mar 2014	20	2,061	95.89	5.06	$12,340
Feb 2014	15	1,868	97.40	6.19	$13,028
Jan 2014	15	2,183	90.40	4.86	$11,967
Dec 2013	111	2,218	91.82	4.35	$19,850
Nov 2013	11	2,381	88.85	3.74	$9,878
Oct 2013	10	1,245	97.42	3.78	$5,680
Sep 2013	179	2,005	104.11	3.72	$26,090
Aug 2013	10	2,106	104.25	3.52	$8,461
Jul 2013	14	1,818	102.52	3.72	$8,194
Jun 2013	7	1,746	94.40	3.93	$7,529
May 2013	12	1,990	94.83	4.15	$9,395
Apr 2013	6	2,029	93.96	4.28	$9,253
Mar 2013	16	2,036	93.62	3.91	$9,465
Feb 2013	11	1,893	91.23	3.42	$7,477
Jan 2013	7	2,262	91.60	3.42	$8,377
Dec 2012	186	2,314	86.77	3.42	$24,053
Nov 2012	14	2,230	86.95	3.62	$9,301
Oct 2012	12	2,019	89.38	3.40	$7,937
Sep 2012	11	2,051	94.67	2.92	$7,027
Aug 2012	16	1,997	92.66	2.91	$7,290
Jul 2012	23	2,207	85.13	3.02	$8,625
Jun 2012	19	2,127	79.82	2.52	$6,875
May 2012	185	2,397	91.61	2.49	$22,912
Apr 2012	19	2,374	101.65	2.00	$6,672
Mar 2012	20	2,524	105.05	2.22	$7,710
Feb 2012	22	2,373	101.10	2.57	$8,323
Jan 2012	21	2,425	98.09	2.73	$8,690
Dec 2011	22	2,504	96.87	3.24	$10,243
Nov 2011	15	2,633	95.72	3.31	$10,154
Oct 2011	18	2,657	84.98	3.65	$11,224
Sep 2011	16	2,507	83.62	3.99	$11,330
Aug 2011	196	2,721	83.40	4.15	$27,637
Jul 2011	16	2,874	94.14	4.52	$14,489
Jun 2011	17	2,837	92.90	4.64	$14,743
May 2011	16	3,075	98.13	4.40	$15,115
Apr 2011	14	2,931	105.96	4.33	$14,184
Mar 2011	18	3,160	96.36	4.06	$14,556
Feb 2011	11	2,748	85.64	4.18	$12,429
Jan 2011	18	3,232	86.50	4.59	$16,388
Dec 2010	197	3,344	85.73	4.35	$31,428
Nov 2010	21	3,369	80.84	3.80	$14,484
Oct 2010	22	3,529	78.10	3.51	$14,101
Sep 2010	18	3,806	72.63	3.98	$16,453
Aug 2010	22	4,460	73.68	4.42	$21,331
Jul 2010	27	4,149	72.55	4.74	$21,611
Jun 2010	185	2,713	70.36	4.91	$26,339
May 2010	15	2,873	71.12	4.24	$13,235
Apr 2010	7	2,958	81.69	4.12	$12,767
Mar 2010	11	3,473	78.39	4.39	$16,104
Feb 2010	12	3,109	73.58	5.44	$17,803
Jan 2010	39	3,066	74.36	5.96	$21,186
Dec 2009	181	4,876	71.44	5.48	$39,669
Nov 2009	2	2	74.59	3.75	$157
Oct 2009	50	3,049	72.54	4.11	$16,159
Sep 2009	8	3,518	65.54	3.06	$11,306
Aug 2009	10	3,131	67.42	3.22	$10,751
Jul 2009	11	2,991	61.13	3.46	$11,035
Jun 2009	182	3,011	66.16	3.90	$23,769
May 2009	45	4,202	54.74	3.93	$18,959
Apr 2009	9	5,563	46.77	3.59	$20,378
Mar 2009	4	1,951	42.14	4.06	$8,088
Feb 2009	7	3,591	32.81	4.63	$16,867
Jan 2009	8	4,147	35.86	5.37	$22,560
Dec 2008	191	4,032	37.10	5.98	$31,186
Nov 2008	10	4,195	55.49	6.86	$29,334
Oct 2008	2	4,817	75.24	6.92	$33,494
Sep 2008	199	7,238	101.76	7.88	$77,265
Aug 2008	1	101	114.22	8.48	$971
Jul 2008	15	4,019	131.08	11.39	$47,740
Jun 2008	21	4,075	131.33	13.03	$55,866
May 2008	9	5,316	123.17	11.57	$62,637
Apr 2008	219	2,635	110.31	10.45	$51,706
Mar 2008	79	5,120	101.90	9.66	$57,530
Feb 2008	82	1,714	92.53	8.77	$22,620
Jan 2008	0	3,275	90.38	8.21	$26,874
Dec 2007	82	9,334	88.33	7.30	$75,400
Nov 2007	300	5,586	91.67	7.29	$68,232
Oct 2007	28	5,073	82.85	6.92	$37,435
Sep 2007	90	5,160	75.84	6.24	$39,045
Aug 2007	98	5,249	69.06	6.39	$40,298
Jul 2007	268	4,692	70.90	6.39	$48,973
Jun 2007	72	4,340	62.00	7.55	$37,224
May 2007	111	5,277	58.74	7.85	$47,925
Apr 2007	19	4,461	59.61	7.81	$35,952
Mar 2007	212	5,251	56.92	7.30	$50,410
Feb 2007	27	5,432	55.10	8.22	$46,117
Jan 2007	33	5,976	50.30	6.73	$41,860
Dec 2006	225	6,328	56.65	6.92	$56,526
Nov 2006	35	6,317	54.20	7.62	$50,017
Oct 2006	38	7,166	54.90	6.01	$45,181
Sep 2006	217	7,070	60.08	5.04	$48,650
Aug 2006	20	6,975	68.71	7.34	$52,570
Jul 2006	19	6,859	69.37	6.34	$44,823
Jun 2006	199	7,279	66.28	6.38	$59,658
May 2006	36	7,182	66.01	6.42	$48,521
Apr 2006	223	7,086	64.39	7.36	$66,515
Mar 2006	37	7,593	56.70	7.08	$55,879
Feb 2006	33	6,863	57.59	7.75	$55,096
Jan 2006	222	7,849	60.59	8.93	$83,569
Dec 2005	45	8,315	54.94	13.42	$114,021
Nov 2005	210	8,694	54.69	10.59	$103,540
Oct 2005	28	8,722	58.34	13.80	$121,960
Sep 2005	122	5,978	61.45	12.08	$79,705
Aug 2005	43	9,038	61.51	9.80	$91,189
Jul 2005	205	9,353	55.69	7.84	$84,778
Jun 2005	40	9,259	52.33	7.38	$70,434
May 2005	207	9,876	45.22	6.65	$75,047
Apr 2005	30	9,974	49.20	7.36	$74,889
Mar 2005	217	10,749	50.37	7.15	$87,838
Feb 2005	65	9,955	45.22	6.31	$65,774
Jan 2005	182	11,201	43.16	6.32	$78,670
Dec 2004	185	11,844	39.86	6.75	$87,334
Nov 2004	0	12,159	45.28	6.33	$76,972
Oct 2004	181	13,834	49.70	6.52	$99,126
Sep 2004	0	14,637	43.24	5.28	$77,340
Aug 2004	166	14,007	42.37	5.55	$84,782
Jul 2004	178	14,957	38.28	6.08	$97,815
Jun 2004	0	15,397	36.10	6.43	$99,049
May 2004	178	16,800	37.48	6.49	$115,780
Apr 2004	177	16,975	34.47	5.86	$105,549
Mar 2004	174	18,919	34.36	5.53	$110,603
Feb 2004	0	19,042	32.45	5.51	$104,914
Jan 2004	350	21,328	32.03	6.30	$145,569
Dec 2003	0	23,237	30.26	6.30	$146,431
Nov 2003	351	24,680	28.80	4.60	$123,517
Oct 2003	352	25,905	28.17	4.76	$133,214
Sep 2003	0	24,965	26.31	4.75	$118,568
Aug 2003	338	27,440	29.76	5.13	$150,818
Jul 2003	530	33,412	29.41	5.17	$188,355
Jun 2003	178	32,777	28.56	5.98	$201,187
May 2003	526	34,901	26.59	5.97	$222,439
Apr 2003	708	36,809	26.67	5.41	$217,919
Mar 2003	357	38,675	31.14	6.10	$246,881
Feb 2003	719	33,208	33.48	7.93	$287,275
Jan 2003	361	39,168	30.31	5.58	$229,579
Dec 2002	0	2,893	26.91	4.85	$14,042
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	37	0	26.46	4.23	$979
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	122	0	25.96	3.16	$3,167
Jul 2002	194	16,501	24.58	3.06	$55,291
Jun 2002	355	81,047	23.73	3.34	$278,978

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.

Feb 2020 — as filed, then multipliedworked

Condensate            29 bbl  × $ 49.88 =     $1,447
Gas                    0 Mcf  × $  1.98 =         $0

────────────────────────────────────────────────────
Month total                                   $1,447

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/189750 is the state's own key, not one this site invented.