OLD OCEAN UNIT

Name: OLD OCEAN UNIT lease production and value, Sep 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 212103District 03Field 67011300CondensateGasSave Export

Value, all time

$13.9 M

Sep 2003 – Sep 2008

Value, last 12 filed months

$1.5 M

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	20,136 bbl	$1,069,445
Gas	Production	1,747,170 Mcf	$12,784,436
Total			$13,853,880

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 29.0516, -95.7325. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.05158, -95.73253 · 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

10,865 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 10,865 ft.

Completions filed

Sep 2008

1 of 1 wells

1 well


42-03903979	111	10,865 ft	Sep 2008	—	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 (61)

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

61 months


Sep 2008	2	271	101.76	7.88	$2,338
Aug 2008	73	4,824	114.22	8.48	$49,260
Jul 2008	40	6,262	131.08	11.39	$76,564
Jun 2008	101	11,705	131.33	13.03	$165,811
May 2008	161	14,157	123.17	11.57	$183,688
Apr 2008	145	9,507	110.31	10.45	$115,389
Mar 2008	209	10,595	101.90	9.66	$123,688
Feb 2008	514	12,341	92.53	8.77	$155,798
Jan 2008	0	15,435	90.38	8.21	$126,655
Dec 2007	342	16,541	88.33	7.30	$150,991
Nov 2007	440	19,756	91.67	7.29	$184,390
Oct 2007	141	23,937	82.85	6.92	$177,373
Sep 2007	438	23,268	75.84	6.24	$178,507
Aug 2007	229	11,497	69.06	6.39	$89,257
Jul 2007	541	25,173	70.90	6.39	$199,161
Jun 2007	455	25,691	62.00	7.55	$222,137
May 2007	569	23,136	58.74	7.85	$214,955
Apr 2007	100	21,300	59.61	7.81	$172,212
Mar 2007	146	25,201	56.92	7.30	$192,327
Feb 2007	135	25,257	55.10	8.22	$214,950
Jan 2007	177	29,978	50.30	6.73	$210,561
Dec 2006	197	30,418	56.65	6.92	$221,605
Nov 2006	189	32,196	54.20	7.62	$255,496
Oct 2006	195	34,282	54.90	6.01	$216,871
Sep 2006	183	34,019	60.08	5.04	$182,355
Aug 2006	291	36,100	68.71	7.34	$284,966
Jul 2006	291	36,802	69.37	6.34	$253,613
Jun 2006	269	34,700	66.28	6.38	$239,350
May 2006	199	37,344	66.01	6.42	$253,071
Apr 2006	191	36,361	64.39	7.36	$279,933
Mar 2006	208	39,200	56.70	7.08	$289,444
Feb 2006	172	33,216	57.59	7.75	$267,367
Jan 2006	206	36,623	60.59	8.93	$339,647
Dec 2005	213	36,910	54.94	13.42	$506,865
Nov 2005	319	35,509	54.69	10.59	$393,430
Oct 2005	463	36,862	58.34	13.80	$535,551
Sep 2005	252	30,878	61.45	12.08	$388,461
Aug 2005	183	36,113	61.51	9.80	$365,050
Jul 2005	285	36,940	55.69	7.84	$305,616
Jun 2005	266	35,763	52.33	7.38	$277,888
May 2005	259	36,977	45.22	6.65	$257,652
Apr 2005	292	36,238	49.20	7.36	$281,095
Mar 2005	278	37,630	50.37	7.15	$283,241
Feb 2005	308	34,058	45.22	6.31	$228,899
Jan 2005	443	37,780	43.16	6.32	$257,973
Dec 2004	647	38,098	39.86	6.75	$282,992
Nov 2004	604	35,843	45.28	6.33	$254,250
Oct 2004	562	35,995	49.70	6.52	$262,442
Sep 2004	533	31,534	43.24	5.28	$189,669
Aug 2004	565	35,909	42.37	5.55	$223,258
Jul 2004	522	34,648	38.28	6.08	$230,787
Jun 2004	585	32,947	36.10	6.43	$233,067
May 2004	572	34,909	37.48	6.49	$248,158
Apr 2004	559	34,088	34.47	5.86	$218,972
Mar 2004	658	35,007	34.36	5.53	$216,202
Feb 2004	569	33,341	32.45	5.51	$202,160
Jan 2004	684	34,194	32.03	6.30	$237,318
Dec 2003	613	33,487	30.26	6.30	$229,572
Nov 2003	540	29,856	28.80	4.60	$152,745
Oct 2003	518	33,868	28.17	4.76	$175,792
Sep 2003	295	24,695	26.31	4.75	$125,047

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.

Sep 2008 — as filed, then multipliedworked

Condensate             2 bbl  × $101.76 =       $204
Gas                  271 Mcf  × $  7.88 =     $2,135

────────────────────────────────────────────────────
Month total                                   $2,338

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/212103 is the state's own key, not one this site invented.