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 47200District 03Field 67011900CondensateGasSave Export

Value, all time

$1.3 M

Jan 1993 – Jun 2000

Value, last 12 filed months

$42 k

at the published price for each month

Months reported

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	7,782 bbl	$130,228
Gas	Production	1,616,870 Mcf	$1,145,547
Total			$1,275,776

1,143,120 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 29.0367, -95.7388. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.03670, -95.73883 · 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

11,012 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 11,012 ft.

Completions filed

Nov 2008

1 of 1 wells

1 well


42-03903959	78	11,012 ft	Nov 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 (90)

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

90 months


Jun 2000	0	2,130	29.30	4.40	$9,366
May 2000	0	1,664	27.26	3.68	$6,123
Apr 2000	0	1,132	24.51	3.12	$3,527
Mar 2000	0	1,499	28.42	2.86	$4,287
Feb 2000	0	1,638	27.62	2.73	$4,466
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	1,138	23.19	2.43	$2,770
Oct 1999	0	1,270	20.98	2.80	$3,561
Sep 1999	0	1,025	21.75	2.62	$2,684
Aug 1999	0	954	19.26	2.88	$2,743
Jul 1999	0	1,071	17.89	2.37	$2,541
Jun 1999	0	787	15.94	2.36	$1,859
May 1999	0	746	15.79	2.32	$1,731
Apr 1999	0	438	15.10	2.21	$967
Mar 1999	0	368	12.47	1.84	$677
Feb 1999	0	2,219	9.98	1.82	$4,034
Jan 1999	0	9,452	10.38	1.90	$17,958
Dec 1998	0	2,510	9.20	1.77	$4,451
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	0	10,012	12.59	2.08	$20,851
Aug 1998	0	24,165	11.30	1.91	$46,091
Jul 1998	0	25,370	11.74	2.24	$56,760
Jun 1998	0	26,043	11.24	2.24	$58,265
May 1998	140	23,919	12.62	2.21	$54,540
Apr 1998	253	21,041	13.04	2.51	$56,014
Mar 1998	139	19,037	12.80	2.31	$45,744
Feb 1998	130	17,321	13.95	2.30	$41,637
Jan 1998	180	19,625	14.70	2.15	$44,934
Dec 1997	169	21,469	16.32	2.41	$54,522
Nov 1997	141	19,409	18.19	3.09	$62,505
Oct 1997	99	21,865	19.25	3.15	$70,777
Sep 1997	235	18,446	17.74	2.95	$58,675
Aug 1997	119	21,129	17.86	2.55	$56,104
Jul 1997	94	20,476	17.58	2.25	$47,661
Jun 1997	213	20,571	17.24	2.26	$50,105
May 1997	76	32,378	18.97	2.31	$76,186
Apr 1997	95	19,140	17.88	2.08	$41,563
Mar 1997	88	20,700	18.95	1.94	$41,808
Feb 1997	138	18,898	20.49	2.21	$44,515
Jan 1997	108	22,695	23.48	3.54	$82,869
Dec 1996	107	23,206	23.32	—	$2,495
Nov 1996	125	22,659	21.97	—	$2,746
Oct 1996	105	26,429	23.31	—	$2,448
Sep 1996	65	19,654	22.22	—	$1,444
Aug 1996	68	22,531	20.26	—	$1,378
Jul 1996	74	24,345	19.55	—	$1,447
Jun 1996	74	23,035	18.73	—	$1,386
May 1996	88	22,785	19.43	—	$1,710
Apr 1996	74	20,777	21.51	—	$1,592
Mar 1996	81	22,525	19.38	—	$1,570
Feb 1996	118	22,930	16.98	—	$2,004
Jan 1996	70	24,275	17.07	—	$1,195
Dec 1995	92	23,635	17.19	—	$1,581
Nov 1995	111	23,753	16.00	—	$1,776
Oct 1995	45	22,858	15.43	—	$694
Sep 1995	79	21,693	16.18	—	$1,278
Aug 1995	92	23,186	15.92	—	$1,465
Jul 1995	87	23,624	15.24	—	$1,326
Jun 1995	95	22,865	16.41	—	$1,559
May 1995	80	23,672	17.56	—	$1,405
Apr 1995	186	27,555	17.73	—	$3,298
Mar 1995	145	23,408	16.44	—	$2,384
Feb 1995	128	20,943	16.58	—	$2,122
Jan 1995	187	24,004	15.92	—	$2,977
Dec 1994	252	21,219	15.03	—	$3,788
Nov 1994	223	21,219	15.90	—	$3,546
Oct 1994	85	21,220	15.58	—	$1,324
Sep 1994	174	26,006	15.29	—	$2,660
Aug 1994	297	24,713	16.13	—	$4,791
Jul 1994	79	21,070	17.56	—	$1,387
Jun 1994	94	21,071	17.09	—	$1,606
May 1994	124	22,365	15.88	—	$1,969
Apr 1994	99	20,694	14.14	—	$1,400
Mar 1994	131	22,525	12.46	—	$1,632
Feb 1994	154	21,215	12.50	—	$1,925
Jan 1994	83	22,808	12.66	—	$1,051
Dec 1993	83	21,609	12.33	—	$1,023
Nov 1993	113	21,787	14.49	—	$1,637
Oct 1993	113	22,418	15.85	—	$1,791
Sep 1993	45	20,978	15.03	—	$676
Aug 1993	77	24,009	15.66	—	$1,206
Jul 1993	86	23,290	15.46	—	$1,330
Jun 1993	111	23,077	16.79	—	$1,864
May 1993	132	32,061	17.68	—	$2,334
Apr 1993	114	31,979	18.05	—	$2,058
Mar 1993	85	33,872	18.14	—	$1,542
Feb 1993	111	31,661	17.90	—	$1,987
Jan 1993	124	33,907	16.93	—	$2,099

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.

Jun 2000 — as filed, then multipliedworked

Condensate             0 bbl  × $ 29.30 =         $0
Gas                2,130 Mcf  × $  4.40 =     $9,366

────────────────────────────────────────────────────
Month total                                   $9,366

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/47200 is the state's own key, not one this site invented.