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 7584District 03Field 67011100CondensateGasSave Export

Value, all time

$4.9 M

Jan 1993 – Feb 2003

Value, last 12 filed months

$315 k

at the published price for each month

Months reported

122

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	26,598 bbl	$472,694
Gas	Production	3,570,721 Mcf	$4,429,034
Total			$4,901,728

1,949,625 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 29.0383, -95.7498. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.03829, -95.74981 · 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

12,902 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 12,902 ft.

Completions filed

Nov 2008

1 of 1 wells

1 well


42-03903960	79 C	12,902 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 (122)

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

122 months


Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	8	0	26.91	4.85	$215
Nov 2002	41	1,301	24.66	4.14	$6,393
Oct 2002	186	6,943	26.46	4.23	$34,284
Sep 2002	250	7,962	27.44	3.64	$35,803
Aug 2002	188	10,479	25.96	3.16	$38,038
Jul 2002	200	9,004	24.58	3.06	$32,484
Jun 2002	185	9,968	23.73	3.34	$37,666
May 2002	215	11,075	24.66	3.58	$44,995
Apr 2002	218	10,692	23.65	3.51	$42,709
Mar 2002	323	11,389	22.00	3.10	$42,443
Feb 2002	215	10,171	18.22	2.38	$28,080
Jan 2002	265	11,078	17.17	2.38	$30,868
Dec 2001	257	11,718	16.93	2.36	$32,057
Nov 2001	258	11,670	18.07	2.41	$32,734
Oct 2001	292	9,697	19.78	2.53	$30,298
Sep 2001	277	10,633	24.26	2.25	$30,658
Aug 2001	217	14,632	24.87	3.05	$50,071
Jul 2001	100	7,205	23.93	3.20	$25,428
Jun 2001	80	10,271	24.56	3.82	$41,243
May 2001	180	10,443	25.52	4.31	$49,575
Apr 2001	168	11,376	24.68	5.34	$64,841
Mar 2001	286	13,879	24.54	5.38	$81,638
Feb 2001	205	13,523	27.75	5.77	$83,677
Jan 2001	196	15,542	27.47	8.40	$135,918
Dec 2000	85	13,670	26.88	9.12	$126,989
Nov 2000	92	13,335	32.21	5.66	$78,413
Oct 2000	62	12,806	31.23	5.15	$67,830
Sep 2000	76	13,246	31.87	5.19	$71,123
Aug 2000	80	12,767	29.64	4.54	$60,343
Jul 2000	94	12,928	28.53	4.09	$55,554
Jun 2000	108	11,667	29.30	4.40	$54,467
May 2000	90	11,927	27.26	3.68	$46,342
Apr 2000	196	5,951	24.51	3.12	$23,347
Mar 2000	192	26,871	28.42	2.86	$82,301
Feb 2000	234	16,735	27.62	2.73	$52,091
Jan 2000	40	32,293	25.27	2.48	$81,114
Dec 1999	148	34,173	24.28	2.42	$86,419
Nov 1999	375	21,912	23.19	2.43	$62,030
Oct 1999	725	19,461	20.98	2.80	$69,774
Sep 1999	681	32,864	21.75	2.62	$100,878
Aug 1999	917	27,378	19.26	2.88	$96,390
Jul 1999	853	34,065	17.89	2.37	$96,075
Jun 1999	547	34,331	15.94	2.36	$89,812
May 1999	629	23,930	15.79	2.32	$65,474
Apr 1999	653	26,948	15.10	2.21	$69,363
Mar 1999	788	33,208	12.47	1.84	$70,874
Feb 1999	548	33,456	9.98	1.82	$66,285
Jan 1999	620	46,404	10.38	1.90	$94,601
Dec 1998	746	36,646	9.20	1.77	$71,848
Nov 1998	501	40,471	10.89	2.19	$93,914
Oct 1998	430	42,566	12.42	1.97	$89,162
Sep 1998	511	44,397	12.59	2.08	$98,896
Aug 1998	367	47,830	11.30	1.91	$95,376
Jul 1998	349	57,481	11.74	2.24	$132,698
Jun 1998	318	53,079	11.24	2.24	$122,326
May 1998	130	57,190	12.62	2.21	$127,821
Apr 1998	180	67,324	13.04	2.51	$171,016
Mar 1998	98	23,332	12.80	2.31	$55,138
Feb 1998	92	22,568	13.95	2.30	$53,170
Jan 1998	129	24,803	14.70	2.15	$55,342
Dec 1997	120	27,134	16.32	2.41	$67,381
Nov 1997	100	21,114	18.19	3.09	$67,025
Oct 1997	72	23,285	19.25	3.15	$74,730
Sep 1997	169	19,965	17.74	2.95	$61,992
Aug 1997	85	23,071	17.86	2.55	$60,459
Jul 1997	71	28,388	17.58	2.25	$65,034
Jun 1997	170	29,406	17.24	2.26	$69,306
May 1997	72	42,277	18.97	2.31	$98,962
Apr 1997	112	29,681	17.88	2.08	$63,822
Mar 1997	103	25,069	18.95	1.94	$50,564
Feb 1997	162	17,924	20.49	2.21	$42,858
Jan 1997	126	23,118	23.48	3.54	$84,789
Dec 1996	126	22,742	23.32	—	$2,938
Nov 1996	146	21,444	21.97	—	$3,208
Oct 1996	124	24,196	23.31	—	$2,890
Sep 1996	77	25,470	22.22	—	$1,711
Aug 1996	80	13,908	20.26	—	$1,621
Jul 1996	144	23,755	19.55	—	$2,815
Jun 1996	87	21,860	18.73	—	$1,630
May 1996	104	25,627	19.43	—	$2,021
Apr 1996	88	24,387	21.51	—	$1,893
Mar 1996	96	22,943	19.38	—	$1,860
Feb 1996	139	20,399	16.98	—	$2,360
Jan 1996	83	28,695	17.07	—	$1,417
Dec 1995	109	36,782	17.19	—	$1,874
Nov 1995	130	35,777	16.00	—	$2,080
Oct 1995	53	35,910	15.43	—	$818
Sep 1995	90	40,075	16.18	—	$1,456
Aug 1995	104	39,467	15.92	—	$1,656
Jul 1995	94	38,613	15.24	—	$1,433
Jun 1995	91	36,843	16.41	—	$1,493
May 1995	64	42,318	17.56	—	$1,124
Apr 1995	150	48,451	17.73	—	$2,660
Mar 1995	217	36,864	16.44	—	$3,567
Feb 1995	328	37,148	16.58	—	$5,438
Jan 1995	184	57,529	15.92	—	$2,929
Dec 1994	189	41,281	15.03	—	$2,841
Nov 1994	293	41,280	15.90	—	$4,659
Oct 1994	218	41,281	15.58	—	$3,396
Sep 1994	168	50,869	15.29	—	$2,569
Aug 1994	437	36,693	16.13	—	$7,049
Jul 1994	134	39,914	17.56	—	$2,353
Jun 1994	197	39,914	17.09	—	$3,367
May 1994	213	45,344	15.88	—	$3,382
Apr 1994	179	41,502	14.14	—	$2,531
Mar 1994	237	47,305	12.46	—	$2,953
Feb 1994	283	44,572	12.50	—	$3,538
Jan 1994	165	49,087	12.66	—	$2,089
Dec 1993	161	50,612	12.33	—	$1,985
Nov 1993	219	48,531	14.49	—	$3,173
Oct 1993	224	50,886	15.85	—	$3,550
Sep 1993	88	48,323	15.03	—	$1,323
Aug 1993	155	54,830	15.66	—	$2,427
Jul 1993	171	55,126	15.46	—	$2,644
Jun 1993	212	51,882	16.79	—	$3,559
May 1993	260	70,237	17.68	—	$4,597
Apr 1993	226	74,271	18.05	—	$4,079
Mar 1993	130	76,826	18.14	—	$2,358
Feb 1993	130	47,105	17.90	—	$2,327
Jan 1993	145	40,751	16.93	—	$2,455

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.

Dec 2002 — as filed, then multipliedworked

Condensate             8 bbl  × $ 26.91 =       $215
Gas                    0 Mcf  × $  4.85 =         $0

────────────────────────────────────────────────────
Month total                                     $215

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/7584 is the state's own key, not one this site invented.