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 7587District 03Field 67011100CondensateGasSave Export

Value, all time

$8.0 M

Jan 1993 – May 2004

Value, last 12 filed months

$367 k

at the published price for each month

Months reported

137

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	27,985 bbl	$637,086
Gas	Production	4,267,225 Mcf	$7,409,887
Total			$8,046,974

1,663,904 Mcf of this lease's gas, across 47 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 29.0477, -95.7540. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.04765, -95.75404 · 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

10,365 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 10,365 ft.

Completions filed

Jan 2009

1 of 1 wells

1 well


42-03902820	84	10,365 ft	Jan 2009	—	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 (137)

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

137 months


May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	7	0	34.36	5.53	$241
Feb 2004	33	1,784	32.45	5.51	$10,900
Jan 2004	63	2,544	32.03	6.30	$18,044
Dec 2003	100	5,445	30.26	6.30	$37,338
Nov 2003	98	5,492	28.80	4.60	$28,059
Oct 2003	116	6,494	28.17	4.76	$34,177
Sep 2003	167	8,676	26.31	4.75	$45,599
Aug 2003	247	9,663	29.76	5.13	$56,919
Jul 2003	482	10,151	29.41	5.17	$66,665
Jun 2003	363	9,843	28.56	5.98	$69,258
May 2003	471	9,880	26.59	5.97	$71,534
Apr 2003	495	8,833	26.67	5.41	$60,964
Mar 2003	425	9,565	31.14	6.10	$71,543
Feb 2003	413	8,389	33.48	7.93	$80,317
Jan 2003	773	10,274	30.31	5.58	$80,780
Dec 2002	1,301	12,390	26.91	4.85	$95,148
Nov 2002	922	12,744	24.66	4.14	$75,458
Oct 2002	919	12,850	26.46	4.23	$78,661
Sep 2002	283	11,432	27.44	3.64	$49,323
Aug 2002	188	11,765	25.96	3.16	$42,107
Jul 2002	208	11,097	24.58	3.06	$39,089
Jun 2002	187	10,663	23.73	3.34	$40,033
May 2002	264	15,201	24.66	3.58	$60,991
Apr 2002	289	16,275	23.65	3.51	$63,998
Mar 2002	458	17,924	22.00	3.10	$65,689
Feb 2002	356	15,507	18.22	2.38	$43,326
Jan 2002	475	17,378	17.17	2.38	$49,440
Dec 2001	443	16,597	16.93	2.36	$46,742
Nov 2001	484	14,523	18.07	2.41	$43,681
Oct 2001	496	15,359	19.78	2.53	$48,652
Sep 2001	493	15,090	24.26	2.25	$45,933
Aug 2001	602	15,547	24.87	3.05	$62,439
Jul 2001	733	14,498	23.93	3.20	$63,892
Jun 2001	418	14,234	24.56	3.82	$64,699
May 2001	238	15,508	25.52	4.31	$72,872
Apr 2001	212	16,038	24.68	5.34	$90,800
Mar 2001	320	16,480	24.54	5.38	$96,457
Feb 2001	233	15,752	27.75	5.77	$97,309
Jan 2001	246	17,658	27.47	8.40	$155,063
Dec 2000	152	17,914	26.88	9.12	$167,506
Nov 2000	159	17,146	32.21	5.66	$102,133
Oct 2000	119	17,373	31.23	5.15	$93,109
Sep 2000	137	17,098	31.87	5.19	$93,045
Aug 2000	153	18,270	29.64	4.54	$87,494
Jul 2000	178	19,082	28.53	4.09	$83,119
Jun 2000	201	18,603	29.30	4.40	$87,691
May 2000	137	19,370	27.26	3.68	$75,011
Apr 2000	150	18,037	24.51	3.12	$59,880
Mar 2000	152	18,392	28.42	2.86	$56,916
Feb 2000	216	18,531	27.62	2.73	$56,491
Jan 2000	193	18,626	25.27	2.48	$51,079
Dec 1999	287	19,708	24.28	2.42	$54,735
Nov 1999	148	19,829	23.19	2.43	$51,696
Oct 1999	158	15,128	20.98	2.80	$45,729
Sep 1999	147	15,271	21.75	2.62	$43,190
Aug 1999	189	22,586	19.26	2.88	$68,588
Jul 1999	169	19,423	17.89	2.37	$49,102
Jun 1999	119	22,853	15.94	2.36	$55,878
May 1999	138	27,132	15.79	2.32	$65,153
Apr 1999	143	28,039	15.10	2.21	$64,071
Mar 1999	170	36,566	12.47	1.84	$69,340
Feb 1999	118	32,405	9.98	1.82	$60,083
Jan 1999	135	49,299	10.38	1.90	$95,067
Dec 1998	157	47,606	9.20	1.77	$85,865
Nov 1998	104	50,075	10.89	2.19	$110,582
Oct 1998	76	53,465	12.42	1.97	$106,228
Sep 1998	87	67,901	12.59	2.08	$142,507
Aug 1998	67	71,432	11.30	1.91	$137,003
Jul 1998	74	70,886	11.74	2.24	$159,460
Jun 1998	75	71,533	11.24	2.24	$160,882
May 1998	51	69,888	12.62	2.21	$154,840
Apr 1998	80	67,431	13.04	2.51	$169,980
Mar 1998	44	66,040	12.80	2.31	$153,079
Feb 1998	41	61,097	13.95	2.30	$141,042
Jan 1998	58	60,250	14.70	2.15	$130,679
Dec 1997	55	64,174	16.32	2.41	$155,628
Nov 1997	47	54,094	18.19	3.09	$167,911
Oct 1997	34	57,635	19.25	3.15	$182,194
Sep 1997	91	50,705	17.74	2.95	$151,442
Aug 1997	55	57,359	17.86	2.55	$147,520
Jul 1997	58	62,467	17.58	2.25	$141,379
Jun 1997	199	62,849	17.24	2.26	$145,294
May 1997	155	121,090	18.97	2.31	$282,477
Apr 1997	342	87,737	17.88	2.08	$188,852
Mar 1997	316	79,163	18.95	1.94	$159,496
Feb 1997	494	69,969	20.49	2.21	$164,467
Jan 1997	387	92,251	23.48	3.54	$335,628
Dec 1996	387	99,382	23.32	—	$9,025
Nov 1996	450	81,024	21.97	—	$9,887
Oct 1996	379	91,340	23.31	—	$8,834
Sep 1996	235	80,869	22.22	—	$5,222
Aug 1996	244	80,072	20.26	—	$4,943
Jul 1996	268	50,811	19.55	—	$5,239
Jun 1996	267	18,808	18.73	—	$5,001
May 1996	319	33,236	19.43	—	$6,198
Apr 1996	269	31,305	21.51	—	$5,786
Mar 1996	292	41,252	19.38	—	$5,659
Feb 1996	426	11,313	16.98	—	$7,233
Jan 1996	253	12,130	17.07	—	$4,319
Dec 1995	333	12,052	17.19	—	$5,724
Nov 1995	306	13,591	16.00	—	$4,896
Oct 1995	161	16,531	15.43	—	$2,484
Sep 1995	273	15,697	16.18	—	$4,417
Aug 1995	309	27,502	15.92	—	$4,919
Jul 1995	265	32,790	15.24	—	$4,039
Jun 1995	235	30,547	16.41	—	$3,856
May 1995	124	34,353	17.56	—	$2,177
Apr 1995	4	0	17.73	—	$71
Mar 1995	8	35,474	16.44	—	$132
Feb 1995	9	30,597	16.58	—	$149
Jan 1995	2	33,131	15.92	—	$32
Dec 1994	0	6,332	15.03	—	$0
Nov 1994	2	6,332	15.90	—	$32
Oct 1994	5	6,332	15.58	—	$78
Sep 1994	6	31,228	15.29	—	$92
Aug 1994	14	31,549	16.13	—	$226
Jul 1994	4	25,363	17.56	—	$70
Jun 1994	4	25,363	17.09	—	$68
May 1994	7	28,337	15.88	—	$111
Apr 1994	5	26,791	14.14	—	$71
Mar 1994	5	27,323	12.46	—	$62
Feb 1994	5	22,951	12.50	—	$63
Jan 1994	4	17,659	12.66	—	$51
Dec 1993	6	34,067	12.33	—	$74
Nov 1993	7	38,703	14.49	—	$101
Oct 1993	8	38,000	15.85	—	$127
Sep 1993	4	38,107	15.03	—	$60
Aug 1993	6	47,706	15.66	—	$94
Jul 1993	6	45,048	15.46	—	$93
Jun 1993	6	45,847	16.79	—	$101
May 1993	5	40,584	17.68	—	$88
Apr 1993	5	33,676	18.05	—	$90
Mar 1993	5	46,697	18.14	—	$91
Feb 1993	5	44,103	17.90	—	$90
Jan 1993	7	41,999	16.93	—	$119

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 2004 — as filed, then multipliedworked

Condensate             7 bbl  × $ 34.36 =       $241
Gas                    0 Mcf  × $  5.53 =         $0

────────────────────────────────────────────────────
Month total                                     $241

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/7587 is the state's own key, not one this site invented.