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

Gas lease lease 69258District 03Field 67011100CondensateGasSave Export

Value, all time

$743 k

Jan 1993 – Dec 2000

Value, last 12 filed months

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The OLD OCEAN (ARMSTRONG) 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 173 leases and 262 wells, and the rule below applies to all of them.

Discovered

1936-12-31

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 1976-10-01.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 01/01/97.”

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	2,028 bbl	$33,795
Gas	Production	1,404,748 Mcf	$709,623
Total			$743,418

1,113,317 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 29.0396, -95.7325. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.03956, -95.73254 · 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

10,660 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 10,660 ft.

Completions filed

Dec 2000

1 of 1 wells

1 well


42-03903986	118 C	10,660 ft	Dec 2000	—	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 (96)

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

96 months


Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	0	0	17.89	2.37	$0
Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	62	0	12.59	2.08	$781
Aug 1998	106	11,327	11.30	1.91	$22,802
Jul 1998	89	11,427	11.74	2.24	$26,610
Jun 1998	80	11,692	11.24	2.24	$27,057
May 1998	48	10,934	12.62	2.21	$24,730
Apr 1998	73	10,842	13.04	2.51	$28,115
Mar 1998	40	11,619	12.80	2.31	$27,345
Feb 1998	37	12,571	13.95	2.30	$29,419
Jan 1998	52	14,176	14.70	2.15	$31,311
Dec 1997	49	15,506	16.32	2.41	$38,186
Nov 1997	41	13,764	18.19	3.09	$43,253
Oct 1997	29	16,109	19.25	3.15	$51,299
Sep 1997	68	8,857	17.74	2.95	$27,378
Aug 1997	34	14,989	17.86	2.55	$38,900
Jul 1997	28	15,967	17.58	2.25	$36,369
Jun 1997	65	16,317	17.24	2.26	$37,951
May 1997	27	25,404	18.97	2.31	$59,157
Apr 1997	41	18,807	17.88	2.08	$39,904
Mar 1997	37	16,861	18.95	1.94	$33,397
Feb 1997	59	15,646	20.49	2.21	$35,722
Jan 1997	46	18,616	23.48	3.54	$66,975
Dec 1996	46	18,313	23.32	—	$1,073
Nov 1996	54	17,636	21.97	—	$1,186
Oct 1996	45	18,928	23.31	—	$1,049
Sep 1996	28	19,235	22.22	—	$622
Aug 1996	29	20,041	20.26	—	$588
Jul 1996	59	22,549	19.55	—	$1,153
Jun 1996	32	22,072	18.73	—	$599
May 1996	37	21,661	19.43	—	$719
Apr 1996	32	19,816	21.51	—	$688
Mar 1996	35	27,965	19.38	—	$678
Feb 1996	51	35,276	16.98	—	$866
Jan 1996	30	29,123	17.07	—	$512
Dec 1995	40	22,439	17.19	—	$688
Nov 1995	48	22,932	16.00	—	$768
Oct 1995	19	22,044	15.43	—	$293
Sep 1995	33	21,371	16.18	—	$534
Aug 1995	37	23,048	15.92	—	$589
Jul 1995	32	24,369	15.24	—	$488
Jun 1995	30	23,655	16.41	—	$492
May 1995	18	24,493	17.56	—	$316
Apr 1995	9	28,444	17.73	—	$160
Mar 1995	6	24,023	16.44	—	$99
Feb 1995	8	21,346	16.58	—	$133
Jan 1995	5	25,670	15.92	—	$80
Dec 1994	12	22,364	15.03	—	$180
Nov 1994	10	22,365	15.90	—	$159
Oct 1994	35	22,365	15.58	—	$545
Sep 1994	6	27,636	15.29	—	$92
Aug 1994	13	26,721	16.13	—	$210
Jul 1994	4	22,404	17.56	—	$70
Jun 1994	4	22,404	17.09	—	$68
May 1994	6	24,093	15.88	—	$95
Apr 1994	5	22,077	14.14	—	$71
Mar 1994	6	23,777	12.46	—	$75
Feb 1994	6	22,221	12.50	—	$75
Jan 1994	4	23,080	12.66	—	$51
Dec 1993	4	21,799	12.33	—	$49
Nov 1993	4	21,308	14.49	—	$58
Oct 1993	5	21,619	15.85	—	$79
Sep 1993	2	20,685	15.03	—	$30
Aug 1993	3	24,339	15.66	—	$47
Jul 1993	4	23,398	15.46	—	$62
Jun 1993	3	23,589	16.79	—	$50
May 1993	5	25,088	17.68	—	$88
Apr 1993	3	22,935	18.05	—	$54
Mar 1993	2	23,100	18.14	—	$36
Feb 1993	3	21,839	17.90	—	$54
Jan 1993	5	25,662	16.93	—	$85

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 1998 — as filed, then multipliedworked

Condensate            62 bbl  × $ 12.59 =       $781
Gas                    0 Mcf  × $  2.08 =         $0

────────────────────────────────────────────────────
Month total                                     $781

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/69258 is the state's own key, not one this site invented.