OLD OCEAN UNIT

Name: OLD OCEAN UNIT lease production and value, Jan 1993 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 (LARSEN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 42235District 03Field 67011900CondensateGasSave Export

Value, all time

$33.2 M

Jan 1993 – May 2007

Value, last 12 filed months

$1.0 M

at the published price for each month

Months reported

173

no gaps in the span

Streams

condensate, gas

The OLD OCEAN (LARSEN) 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 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.

Stream	Basis	Volume	Value
Condensate	Disposition	81,550 bbl	$2,418,780
Gas	Production	8,559,329 Mcf	$30,789,222
Total			$33,208,001

1,089,957 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 29.0389, -95.7261. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.03889, -95.72605 · 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

10,843 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 10,843 ft.

Completions filed

May 2008

1 of 1 wells

1 well


42-03903988	120 L	10,843 ft	May 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 (173)

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

173 months


May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	1	0	56.92	7.30	$57
Feb 2007	12	0	55.10	8.22	$661
Jan 2007	190	0	50.30	6.73	$9,557
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	371	21,629	60.08	5.04	$131,239
Aug 2006	725	37,125	68.71	7.34	$322,309
Jul 2006	697	36,429	69.37	6.34	$279,411
Jun 2006	685	36,453	66.28	6.38	$278,113
May 2006	654	38,382	66.01	6.42	$289,775
Apr 2006	499	29,787	64.39	7.36	$251,377
Mar 2006	571	33,704	56.70	7.08	$271,098
Feb 2006	799	28,113	57.59	7.75	$263,922
Jan 2006	516	28,732	60.59	8.93	$287,937
Dec 2005	571	30,940	54.94	13.42	$446,443
Nov 2005	649	29,818	54.69	10.59	$351,219
Oct 2005	745	34,119	58.34	13.80	$514,161
Sep 2005	585	29,577	61.45	12.08	$393,209
Aug 2005	551	34,036	61.51	9.80	$367,337
Jul 2005	596	31,830	55.69	7.84	$282,854
Jun 2005	576	34,660	52.33	7.38	$285,969
May 2005	706	41,570	45.22	6.65	$308,414
Apr 2005	553	42,449	49.20	7.36	$339,653
Mar 2005	866	41,532	50.37	7.15	$340,777
Feb 2005	1,112	42,557	45.22	6.31	$318,901
Jan 2005	938	47,918	43.16	6.32	$343,431
Dec 2004	697	41,239	39.86	6.75	$306,190
Nov 2004	734	42,656	45.28	6.33	$303,266
Oct 2004	624	50,967	49.70	6.52	$363,068
Sep 2004	45	246	43.24	5.28	$3,246
Aug 2004	384	12,852	42.37	5.55	$87,607
Jul 2004	989	68,168	38.28	6.08	$452,605
Jun 2004	893	48,110	36.10	6.43	$341,730
May 2004	1,030	64,002	37.48	6.49	$454,271
Apr 2004	925	55,471	34.47	5.86	$356,859
Mar 2004	1,146	61,000	34.36	5.53	$376,715
Feb 2004	995	60,231	32.45	5.51	$364,138
Jan 2004	1,294	66,511	32.03	6.30	$460,442
Dec 2003	1,269	70,994	30.26	6.30	$485,779
Nov 2003	1,170	72,609	28.80	4.60	$367,346
Oct 2003	1,037	65,884	28.17	4.76	$342,796
Sep 2003	921	59,367	26.31	4.75	$306,187
Aug 2003	694	63,465	29.76	5.13	$346,211
Jul 2003	890	59,979	29.41	5.17	$336,317
Jun 2003	666	61,622	28.56	5.98	$387,703
May 2003	863	57,151	26.59	5.97	$364,292
Apr 2003	1,075	65,295	26.67	5.41	$381,739
Mar 2003	871	67,875	31.14	6.10	$440,892
Feb 2003	728	60,238	33.48	7.93	$501,813
Jan 2003	916	66,859	30.31	5.58	$400,974
Dec 2002	973	70,179	26.91	4.85	$366,815
Nov 2002	687	70,254	24.66	4.14	$307,579
Oct 2002	902	71,808	26.46	4.23	$327,552
Sep 2002	869	70,106	27.44	3.64	$278,695
Aug 2002	534	73,426	25.96	3.16	$246,194
Jul 2002	600	71,578	24.58	3.06	$233,903
Jun 2002	499	70,271	23.73	3.34	$246,423
May 2002	563	75,016	24.66	3.58	$282,741
Apr 2002	574	73,795	23.65	3.51	$272,767
Mar 2002	832	76,513	22.00	3.10	$255,702
Feb 2002	545	66,153	18.22	2.38	$167,088
Jan 2002	643	71,929	17.17	2.38	$181,921
Dec 2001	574	68,206	16.93	2.36	$170,984
Nov 2001	586	65,435	18.07	2.41	$167,994
Oct 2001	732	69,298	19.78	2.53	$189,725
Sep 2001	629	66,428	24.26	2.25	$164,810
Aug 2001	510	72,846	24.87	3.05	$235,094
Jul 2001	556	71,499	23.93	3.20	$241,893
Jun 2001	394	67,934	24.56	3.82	$269,467
May 2001	371	70,570	25.52	4.31	$313,435
Apr 2001	330	71,874	24.68	5.34	$391,615
Mar 2001	513	73,997	24.54	5.38	$410,429
Feb 2001	401	73,430	27.75	5.77	$434,604
Jan 2001	530	82,632	27.47	8.40	$708,565
Dec 2000	428	79,481	26.88	9.12	$736,570
Nov 2000	453	76,358	32.21	5.66	$446,625
Oct 2000	332	77,848	31.23	5.15	$410,935
Sep 2000	382	76,036	31.87	5.19	$406,535
Aug 2000	430	82,895	29.64	4.54	$389,151
Jul 2000	485	81,154	28.53	4.09	$345,737
Jun 2000	572	83,160	29.30	4.40	$382,435
May 2000	386	84,355	27.26	3.68	$320,928
Apr 2000	451	81,496	24.51	3.12	$264,996
Mar 2000	482	84,049	28.42	2.86	$254,058
Feb 2000	839	86,466	27.62	2.73	$258,923
Jan 2000	1,169	84,775	25.27	2.48	$239,825
Dec 1999	2,005	89,701	24.28	2.42	$266,092
Nov 1999	1,358	87,276	23.19	2.43	$243,921
Oct 1999	1,480	93,162	20.98	2.80	$292,250
Sep 1999	1,373	84,130	21.75	2.62	$250,187
Aug 1999	1,835	96,658	19.26	2.88	$313,292
Jul 1999	1,601	109,427	17.89	2.37	$288,243
Jun 1999	1,038	77,225	15.94	2.36	$198,959
May 1999	1,268	96,670	15.79	2.32	$244,395
Apr 1999	1,323	92,766	15.10	2.21	$224,809
Mar 1999	1,586	98,492	12.47	1.84	$200,838
Feb 1999	1,101	78,552	9.98	1.82	$153,779
Jan 1999	1,258	92,818	10.38	1.90	$189,408
Dec 1998	1,506	97,411	9.20	1.77	$186,596
Nov 1998	1,028	93,320	10.89	2.19	$215,166
Oct 1998	907	103,594	12.42	1.97	$215,263
Sep 1998	1,056	111,257	12.59	2.08	$245,001
Aug 1998	642	117,218	11.30	1.91	$230,830
Jul 1998	538	120,492	11.74	2.24	$275,889
Jun 1998	508	109,194	11.24	2.24	$250,006
May 1998	127	105,033	12.62	2.21	$233,341
Apr 1998	147	66,954	13.04	2.51	$169,659
Mar 1998	81	67,413	12.80	2.31	$156,723
Feb 1998	76	70,988	13.95	2.30	$164,271
Jan 1998	104	37,564	14.70	2.15	$82,471
Dec 1997	98	98,287	16.32	2.41	$238,579
Nov 1997	82	39,201	18.19	3.09	$122,554
Oct 1997	57	87,582	19.25	3.15	$276,965
Sep 1997	135	69,763	17.74	2.95	$208,536
Aug 1997	68	49,897	17.86	2.55	$128,688
Jul 1997	53	86	17.58	2.25	$1,125
Jun 1997	119	17,124	17.24	2.26	$40,704
May 1997	39	39,146	18.97	2.31	$91,108
Apr 1997	43	28,363	17.88	2.08	$59,843
Mar 1997	41	25,210	18.95	1.94	$49,663
Feb 1997	63	23,375	20.49	2.21	$52,854
Jan 1997	50	26,622	23.48	3.54	$95,408
Dec 1996	50	27,648	23.32	—	$1,166
Nov 1996	57	27,025	21.97	—	$1,252
Oct 1996	49	27,851	23.31	—	$1,142
Sep 1996	30	27,064	22.22	—	$667
Aug 1996	31	26,561	20.26	—	$628
Jul 1996	34	30,480	19.55	—	$665
Jun 1996	34	29,608	18.73	—	$637
May 1996	41	28,421	19.43	—	$797
Apr 1996	35	26,018	21.51	—	$753
Mar 1996	38	27,841	19.38	—	$736
Feb 1996	54	28,889	16.98	—	$917
Jan 1996	32	29,217	17.07	—	$546
Dec 1995	43	28,423	17.19	—	$739
Nov 1995	51	29,422	16.00	—	$816
Oct 1995	21	28,372	15.43	—	$324
Sep 1995	35	27,038	16.18	—	$566
Aug 1995	40	29,035	15.92	—	$637
Jul 1995	36	29,778	15.24	—	$549
Jun 1995	33	29,362	16.41	—	$542
May 1995	20	29,479	17.56	—	$351
Apr 1995	18	35,409	17.73	—	$319
Mar 1995	11	28,471	16.44	—	$181
Feb 1995	10	24,417	16.58	—	$166
Jan 1995	15	27,767	15.92	—	$239
Dec 1994	23	30,567	15.03	—	$346
Nov 1994	21	30,568	15.90	—	$334
Oct 1994	8	30,567	15.58	—	$125
Sep 1994	17	35,829	15.29	—	$260
Aug 1994	30	33,682	16.13	—	$484
Jul 1994	7	30,331	17.56	—	$123
Jun 1994	9	30,331	17.09	—	$154
May 1994	13	32,979	15.88	—	$206
Apr 1994	0	31,150	14.14	—	$0
Mar 1994	0	4,013	12.46	—	$0
Feb 1994	0	1	12.50	—	$0
Jan 1994	0	1	12.66	—	$0
Dec 1993	0	1,733	12.33	—	$0
Nov 1993	2	1	14.49	—	$29
Oct 1993	5	7,998	15.85	—	$79
Sep 1993	2	10,783	15.03	—	$30
Aug 1993	2	14,990	15.66	—	$31
Jul 1993	3	9,715	15.46	—	$46
Jun 1993	2	10,015	16.79	—	$34
May 1993	4	10,924	17.68	—	$71
Apr 1993	2	12,548	18.05	—	$36
Mar 1993	2	11,550	18.14	—	$36
Feb 1993	3	12,738	17.90	—	$54
Jan 1993	3	13,347	16.93	—	$51

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.

Mar 2007 — as filed, then multipliedworked

Condensate             1 bbl  × $ 56.92 =        $57
Gas                    0 Mcf  × $  7.30 =         $0

────────────────────────────────────────────────────
Month total                                      $57

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/42235 is the state's own key, not one this site invented.