OLD OCEAN UNIT

Name: OLD OCEAN UNIT lease production and value, Aug 2003 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 (CHENAULT) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 203069District 03Field 67011300CondensateGasSave Export

Value, all time

$7.0 M

Aug 2003 – May 2009

Value, last 12 filed months

$456 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The OLD OCEAN (CHENAULT) 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 57 leases and 62 wells, and the rule below applies to all of them.

Discovered

1938-12-31

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 1976-09-27.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 07/01/2007.”

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	10,075 bbl	$540,077
Gas	Production	879,601 Mcf	$6,432,714
Total			$6,972,791

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 29.0511, -95.7399. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.05113, -95.73991 · 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

10,801 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 10,801 ft.

Completions filed

May 2009

1 of 1 wells

1 well


42-03903965	86	10,801 ft	May 2009	—	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 (70)

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

70 months


May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	37	75.24	6.92	$256
Sep 2008	105	6,327	101.76	7.88	$60,523
Aug 2008	104	9,265	114.22	8.48	$90,474
Jul 2008	55	11,210	131.08	11.39	$134,885
Jun 2008	82	12,187	131.33	13.03	$169,598
May 2008	332	16,680	123.17	11.57	$233,952
Apr 2008	145	17,611	110.31	10.45	$200,115
Mar 2008	291	14,787	101.90	9.66	$172,556
Feb 2008	404	14,447	92.53	8.77	$164,091
Jan 2008	10	7,484	90.38	8.21	$62,315
Dec 2007	170	7,905	88.33	7.30	$72,738
Nov 2007	90	17,392	91.67	7.29	$135,068
Oct 2007	113	19,125	82.85	6.92	$141,745
Sep 2007	78	17,983	75.84	6.24	$118,204
Aug 2007	87	18,404	69.06	6.39	$123,572
Jul 2007	94	18,551	70.90	6.39	$125,167
Jun 2007	75	17,918	62.00	7.55	$139,903
May 2007	92	15,883	58.74	7.85	$130,027
Apr 2007	83	17,650	59.61	7.81	$142,709
Mar 2007	114	19,691	56.92	7.30	$150,272
Feb 2007	66	12,264	55.10	8.22	$104,398
Jan 2007	57	9,564	50.30	6.73	$67,203
Dec 2006	65	10,086	56.65	6.92	$73,462
Nov 2006	80	13,575	54.20	7.62	$107,743
Oct 2006	62	10,959	54.90	6.01	$69,309
Sep 2006	57	10,523	60.08	5.04	$56,431
Aug 2006	88	10,975	68.71	7.34	$86,602
Jul 2006	110	13,969	69.37	6.34	$96,233
Jun 2006	103	13,325	66.28	6.38	$91,892
May 2006	68	12,715	66.01	6.42	$86,183
Apr 2006	62	11,744	64.39	7.36	$90,434
Mar 2006	51	9,680	56.70	7.08	$71,454
Feb 2006	46	8,977	57.59	7.75	$72,231
Jan 2006	60	10,749	60.59	8.93	$99,660
Dec 2005	83	14,298	54.94	13.42	$196,373
Nov 2005	113	12,627	54.69	10.59	$139,880
Oct 2005	159	12,668	58.34	13.80	$184,041
Sep 2005	83	10,200	61.45	12.08	$128,306
Aug 2005	53	10,519	61.51	9.80	$106,313
Jul 2005	87	11,318	55.69	7.84	$93,619
Jun 2005	88	11,813	52.33	7.38	$91,797
May 2005	97	13,843	45.22	6.65	$96,458
Apr 2005	83	10,301	49.20	7.36	$79,904
Mar 2005	64	7,423	50.37	7.15	$56,334
Feb 2005	102	11,250	45.22	6.31	$75,622
Jan 2005	149	14,316	43.16	6.32	$96,939
Dec 2004	151	8,410	39.86	6.75	$62,795
Nov 2004	168	9,996	45.28	6.33	$70,886
Oct 2004	159	10,474	49.70	6.52	$76,141
Sep 2004	135	7,961	43.24	5.28	$47,903
Aug 2004	160	9,295	42.37	5.55	$58,373
Jul 2004	202	13,010	38.28	6.08	$86,888
Jun 2004	261	14,522	36.10	6.43	$102,842
May 2004	284	16,411	37.48	6.49	$117,227
Apr 2004	362	21,630	34.47	5.86	$139,197
Mar 2004	471	25,336	34.36	5.53	$156,295
Feb 2004	404	24,039	32.45	5.51	$145,556
Jan 2004	545	27,273	32.03	6.30	$189,266
Dec 2003	481	26,438	30.26	6.30	$181,158
Nov 2003	414	23,250	28.80	4.60	$118,761
Oct 2003	385	24,992	28.17	4.76	$129,798
Sep 2003	394	18,826	26.31	4.75	$99,778
Aug 2003	439	17,520	29.76	5.13	$102,937

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.

Oct 2008 — as filed, then multipliedworked

Condensate             0 bbl  × $ 75.24 =         $0
Gas                   37 Mcf  × $  6.92 =       $256

────────────────────────────────────────────────────
Month total                                     $256

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/203069 is the state's own key, not one this site invented.