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 (CAMPBELL) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 46098District 03Field 67011200CondensateGasSave Export

Value, all time

$498 k

Jan 1993 – Jul 1998

Value, last 12 filed months

$192 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The OLD OCEAN (CAMPBELL) 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 37 leases and 37 wells, and the rule below applies to all of them.

Discovered

1946-12-28

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 640 acres.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA SUSPENDED PER OPERATOR REQUEST, EFF 4-1-93”

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	3,904 bbl	$70,616
Gas	Production	776,007 Mcf	$427,638
Total			$498,253

596,809 Mcf of this lease's gas, across 41 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 29.0386, -95.7356. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.03862, -95.73557 · 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

100.0%

1 of 1 wells

Median depth

11,079 ft

1 wells filed one

Completion to plug

4.0 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

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 11,079 ft.

Completions filed

Aug 2008

1 of 1 wells

Plug dates filed

Aug 2012

1 of 1 wells

Last completion to plug: a median of 4.0 years across the 1 well that filed both dates, with the middle half between 4.0 years and 4.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-03903985	117	11,079 ft	Aug 2008	Aug 2012	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 (67)

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

67 months


Jul 1998	0	1,241	11.74	2.24	$2,776
Jun 1998	0	0	11.24	2.24	$0
May 1998	27	0	12.62	2.21	$341
Apr 1998	48	0	13.04	2.51	$626
Mar 1998	53	0	12.80	2.31	$678
Feb 1998	106	2,193	13.95	2.30	$6,521
Jan 1998	147	8,048	14.70	2.15	$19,503
Dec 1997	138	8,804	16.32	2.41	$23,479
Nov 1997	116	9,095	18.19	3.09	$30,198
Oct 1997	80	11,749	19.25	3.15	$38,547
Sep 1997	195	11,006	17.74	2.95	$35,981
Aug 1997	99	12,517	17.86	2.55	$33,746
Jul 1997	82	14,256	17.58	2.25	$33,474
Jun 1997	198	15,857	17.24	2.26	$39,206
May 1997	86	25,501	18.97	2.31	$60,500
Apr 1997	135	18,553	17.88	2.08	$41,056
Mar 1997	125	19,292	18.95	1.94	$39,779
Feb 1997	195	19,289	20.49	2.21	$46,545
Jan 1997	153	1,797	23.48	3.54	$9,953
Dec 1996	152	167	23.32	—	$3,545
Nov 1996	174	92	21.97	—	$3,823
Oct 1996	142	477	23.31	—	$3,310
Sep 1996	82	7,442	22.22	—	$1,822
Aug 1996	75	7,307	20.26	—	$1,520
Jul 1996	59	11,217	19.55	—	$1,153
Jun 1996	0	0	18.73	—	$0
May 1996	0	0	19.43	—	$0
Apr 1996	0	0	21.51	—	$0
Mar 1996	0	0	19.38	—	$0
Feb 1996	129	0	16.98	—	$2,190
Jan 1996	100	141	17.07	—	$1,707
Dec 1995	106	2,325	17.19	—	$1,822
Nov 1995	157	5,201	16.00	—	$2,512
Oct 1995	64	5,489	15.43	—	$988
Sep 1995	108	9,607	16.18	—	$1,747
Aug 1995	123	10,753	15.92	—	$1,958
Jul 1995	106	13,933	15.24	—	$1,615
Jun 1995	95	14,263	16.41	—	$1,559
May 1995	52	15,783	17.56	—	$913
Apr 1995	12	18,920	17.73	—	$213
Mar 1995	9	16,325	16.44	—	$148
Feb 1995	10	14,648	16.58	—	$166
Jan 1995	8	16,660	15.92	—	$127
Dec 1994	14	14,415	15.03	—	$210
Nov 1994	13	14,415	15.90	—	$207
Oct 1994	4	14,415	15.58	—	$62
Sep 1994	0	7,059	15.29	—	$0
Aug 1994	0	419	16.13	—	$0
Jul 1994	0	0	17.56	—	$0
Jun 1994	4	0	17.09	—	$68
May 1994	4	11,495	15.88	—	$64
Apr 1994	2	3,599	14.14	—	$28
Mar 1994	6	8,647	12.46	—	$75
Feb 1994	5	10,940	12.50	—	$63
Jan 1994	3	8,263	12.66	—	$38
Dec 1993	3	7,622	12.33	—	$37
Nov 1993	9	9,275	14.49	—	$130
Oct 1993	13	28,966	15.85	—	$206
Sep 1993	6	28,438	15.03	—	$90
Aug 1993	10	37,019	15.66	—	$157
Jul 1993	8	36,540	15.46	—	$124
Jun 1993	10	21,986	16.79	—	$168
May 1993	8	32,679	17.68	—	$141
Apr 1993	10	32,365	18.05	—	$181
Mar 1993	7	32,687	18.14	—	$127
Feb 1993	9	31,040	17.90	—	$161
Jan 1993	10	33,775	16.93	—	$169

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.

Jul 1998 — as filed, then multipliedworked

Condensate             0 bbl  × $ 11.74 =         $0
Gas                1,241 Mcf  × $  2.24 =     $2,776

────────────────────────────────────────────────────
Month total                                   $2,776

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/46098 is the state's own key, not one this site invented.