OLD OCEAN UNIT

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the OLD OCEAN (LARSEN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 250503District 03Field 67011900CondensateGasSaveExport
Value, all time
$25.7 M
Feb 2009 – Apr 2019
Value, last 12 filed months
$0
at the published price for each month
Months reported
123
no gaps in the span
Streams
2
condensate, gas

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 162 leases and 164 wells, and the rule below applies to all of them.

Discovered
1941-02-17
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: SUSPENDED 11-19-79

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.

StreamBasisVolumeValue
CondensateDisposition115,270 bbl$8,314,045
GasProduction4,739,714 Mcf$17,340,845
Total$25,654,889

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 29.0361, -95.7314. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.03609, -95.73143 · centre of the wells drawn, derived

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
10,804 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 10,804 ft.

Completions filed
Feb 2022
1 of 1 wells

1 well

42-0393300925010,804 ftFeb 2022Yes

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 (123)

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

123 months

Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 201736047.523.09$1,711
Aug 20171222145.373.00$5,598
Jul 20173569,31943.873.09$44,388
Jun 201747420,47442.493.09$83,349
May 201767024,65445.373.26$110,854
Apr 201739815,59247.933.21$69,151
Mar 201785527,77046.772.98$122,845
Feb 201771725,33650.452.95$110,980
Jan 201771120,74149.413.42$106,040
Dec 201685332,29448.763.72$161,817
Nov 201683427,96442.492.64$109,383
Oct 20161,16434,03146.193.09$158,930
Sep 201694836,37641.553.10$152,178
Aug 20161,23944,78841.442.92$182,320
Jul 201697048,42441.622.92$181,980
Jun 20161,12652,63545.352.69$192,433
May 20161,77067,89542.521.99$210,442
Apr 20162,29470,27536.561.99$223,789
Mar 20162,37077,83633.011.79$217,872
Feb 20162,53379,48626.472.06$231,078
Jan 20161,66658,93427.352.36$184,906
Dec 201553516,25632.362.00$49,848
Nov 201531817,07838.792.17$49,349
Oct 201548215,38543.552.43$58,324
Sep 201534718,24842.992.76$65,253
Aug 201541217,75440.162.87$67,544
Jul 201540020,51848.152.95$79,687
Jun 201518910,47656.152.88$40,813
May 201524110,31955.212.96$43,803
Apr 201532911,99349.822.71$48,851
Mar 201531216,63742.892.93$62,206
Feb 201536814,87944.662.98$60,718
Jan 201530515,27443.433.10$60,605
Dec 201430014,91054.693.59$69,954
Nov 201450317,23070.464.25$108,701
Oct 201425713,02378.303.90$70,925
Sep 201430118,60886.164.05$101,212
Aug 201426711,92189.394.04$71,970
Jul 20141539,59796.564.18$54,885
Jun 20143419,67998.164.74$79,321
May 201425910,14394.734.73$72,477
Apr 20142569,90495.944.81$72,190
Mar 201436614,12295.895.06$106,508
Feb 201442716,45497.406.19$143,473
Jan 201471425,65690.404.86$189,252
Dec 20131,23945,97491.824.35$313,958
Nov 201382845,96488.853.74$245,394
Oct 201381440,47797.423.78$232,277
Sep 201379939,073104.113.72$228,447
Aug 201334310,155104.253.52$71,530
Jul 201376618,644102.523.72$147,844
Jun 201366843,40394.403.93$233,781
May 201395516,54994.834.15$159,226
Apr 20133869,21993.964.28$75,750
Mar 201383511,70793.623.91$123,981
Feb 201377611,77291.233.42$111,054
Jan 201359018,62591.603.42$117,740
Dec 20125967,51986.773.42$77,431
Nov 201290539,99186.953.62$223,656
Oct 201287841,18389.383.40$218,485
Sep 201289741,33694.672.92$205,554
Aug 201265440,25192.662.91$177,656
Jul 20121,01241,90385.133.02$212,732
Jun 20121,31142,05579.822.52$210,582
May 20121,13848,24891.612.49$224,309
Apr 20121,02242,401101.652.00$188,553
Mar 20121,26848,568105.052.22$241,125
Feb 20121,09648,764101.102.57$236,141
Jan 20121,34158,84198.092.73$292,415
Dec 20111,39564,40196.873.24$343,776
Nov 20111,18154,63895.723.31$293,967
Oct 20111,33556,53884.983.65$319,729
Sep 20111,62480,85683.623.99$458,075
Aug 20111,24259,54583.404.15$350,654
Jul 20111,16556,60394.144.52$365,362
Jun 20111,44659,09492.904.64$408,522
May 20111,39064,11398.134.40$418,807
Apr 20111,52763,904105.964.33$438,715
Mar 20111,71867,62596.364.06$439,924
Feb 20111,06953,53985.644.18$315,341
Jan 20111,53769,01586.504.59$449,645
Dec 20101,66173,56685.734.35$462,244
Nov 20101,59274,57980.843.80$411,749
Oct 20101,63771,23978.103.51$377,820
Sep 20101,87676,10872.633.98$439,123
Aug 20102,10282,35273.684.42$518,818
Jul 20102,21580,26972.554.74$540,892
Jun 20101,55072,35670.364.91$464,355
May 20102,24482,35471.124.24$508,381
Apr 20101,88883,04281.694.12$496,587
Mar 20102,21479,31578.394.39$521,643
Feb 20102,14975,92473.585.44$571,329
Jan 20103,10198,38374.365.96$817,355
Dec 20092,29291,58171.445.48$665,948
Nov 20093,684134,47374.593.75$779,265
Oct 20093,478156,60872.544.11$895,992
Sep 20092,541155,94265.543.06$644,460
Aug 20094,142173,35467.423.22$837,193
Jul 20093,444176,37761.133.46$821,590
Jun 20092,465157,44366.163.90$776,325
May 200944535,89754.743.93$165,282
Apr 20091765346.773.59$3,138
Mar 20092139,77642.144.06$48,657
Feb 2009864,72132.814.63$24,694

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 2017 — as filed, then multipliedworked
Condensate            36 bbl  × $ 47.52 =     $1,711
Gas                    0 Mcf  × $  3.09 =         $0

────────────────────────────────────────────────────
Month total                                   $1,711

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/250503 is the state's own key, not one this site invented.