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 7653District 03Field 67011900CondensateGasSave Export

Value, all time

$26.8 M

Jan 1993 – Mar 2008

Value, last 12 filed months

$117 k

at the published price for each month

Months reported

183

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	61,572 bbl	$1,848,871
Gas	Production	7,602,892 Mcf	$24,903,074
Total			$26,751,945

1,360,575 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 29.0348, -95.7527. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.03485, -95.75271 · 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

10,761 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 10,761 ft.

Completions filed

Oct 2009

1 of 1 wells

1 well


42-03902829	61 L	10,761 ft	Oct 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 (183)

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

183 months


Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	77	30	90.38	8.21	$7,205
Dec 2007	4	209	88.33	7.30	$1,879
Nov 2007	15	914	91.67	7.29	$8,040
Oct 2007	50	2,667	82.85	6.92	$22,603
Sep 2007	25	1,818	75.84	6.24	$13,248
Aug 2007	42	2,751	69.06	6.39	$20,474
Jul 2007	43	2,680	70.90	6.39	$20,168
Jun 2007	2	166	62.00	7.55	$1,377
May 2007	45	2,436	58.74	7.85	$21,757
Apr 2007	1	64	59.61	7.81	$559
Mar 2007	32	1,705	56.92	7.30	$14,271
Feb 2007	1	76	55.10	8.22	$680
Jan 2007	1	44	50.30	6.73	$346
Dec 2006	1	62	56.65	6.92	$486
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	23	54.90	6.01	$138
Sep 2006	207	12,067	60.08	5.04	$73,220
Aug 2006	829	42,437	68.71	7.34	$368,445
Jul 2006	891	46,564	69.37	6.34	$357,153
Jun 2006	790	42,036	66.28	6.38	$320,714
May 2006	838	49,187	66.01	6.42	$371,343
Apr 2006	775	46,278	64.39	7.36	$390,531
Mar 2006	654	38,569	56.70	7.08	$310,263
Feb 2006	251	8,810	57.59	7.75	$82,742
Jan 2006	101	5,612	60.59	8.93	$56,253
Dec 2005	104	5,619	54.94	13.42	$81,095
Nov 2005	142	6,527	54.69	10.59	$76,876
Oct 2005	195	8,927	58.34	13.80	$134,531
Sep 2005	223	11,247	61.45	12.08	$149,556
Aug 2005	94	5,818	61.51	9.80	$62,780
Jul 2005	112	5,995	55.69	7.84	$53,260
Jun 2005	393	23,657	52.33	7.38	$195,179
May 2005	366	21,557	45.22	6.65	$159,930
Apr 2005	217	16,657	49.20	7.36	$133,280
Mar 2005	374	17,955	50.37	7.15	$147,304
Feb 2005	498	20,217	45.22	6.31	$150,128
Jan 2005	565	26,250	43.16	6.32	$190,343
Dec 2004	418	23,242	39.86	6.75	$173,570
Nov 2004	423	24,989	45.28	6.33	$177,344
Oct 2004	435	25,844	49.70	6.52	$189,996
Sep 2004	468	32,459	43.24	5.28	$191,746
Aug 2004	232	13,654	42.37	5.55	$85,619
Jul 2004	291	19,009	38.28	6.08	$126,794
Jun 2004	355	19,932	36.10	6.43	$141,038
May 2004	385	21,473	37.48	6.49	$153,888
Apr 2004	562	33,278	34.47	5.86	$214,330
Mar 2004	780	40,680	34.36	5.53	$251,767
Feb 2004	708	43,278	32.45	5.51	$261,420
Jan 2004	738	39,467	32.03	6.30	$272,266
Dec 2003	731	46,454	30.26	6.30	$314,856
Nov 2003	324	24,527	28.80	4.60	$122,037
Oct 2003	152	9,062	28.17	4.76	$47,414
Sep 2003	157	9,645	26.31	4.75	$49,938
Aug 2003	148	12,723	29.76	5.13	$69,670
Jul 2003	297	19,810	29.41	5.17	$111,169
Jun 2003	299	34,810	28.56	5.98	$216,806
May 2003	501	47,247	26.59	5.97	$295,513
Apr 2003	604	49,636	26.67	5.41	$284,504
Mar 2003	535	56,574	31.14	6.10	$361,537
Feb 2003	484	50,015	33.48	7.93	$412,617
Jan 2003	646	56,024	30.31	5.58	$332,308
Dec 2002	716	59,425	26.91	4.85	$307,702
Nov 2002	557	63,261	24.66	4.14	$275,444
Oct 2002	729	70,010	26.46	4.23	$315,370
Sep 2002	571	70,078	27.44	3.64	$270,416
Aug 2002	365	71,287	25.96	3.16	$235,039
Jul 2002	420	71,923	24.58	3.06	$230,535
Jun 2002	345	70,603	23.73	3.34	$243,877
May 2002	390	74,730	24.66	3.58	$277,450
Apr 2002	411	74,940	23.65	3.51	$272,933
Mar 2002	636	82,499	22.00	3.10	$269,963
Feb 2002	434	74,347	18.22	2.38	$184,532
Jan 2002	525	84,572	17.17	2.38	$209,930
Dec 2001	470	80,762	16.93	2.36	$198,911
Nov 2001	540	76,786	18.07	2.41	$194,468
Oct 2001	893	81,288	19.78	2.53	$223,231
Sep 2001	768	78,176	24.26	2.25	$194,631
Aug 2001	591	80,522	24.87	3.05	$260,545
Jul 2001	617	77,667	23.93	3.20	$263,072
Jun 2001	538	76,755	24.56	3.82	$306,737
May 2001	766	85,299	25.52	4.31	$386,958
Apr 2001	684	87,426	24.68	5.34	$483,327
Mar 2001	1,055	89,387	24.54	5.38	$506,474
Feb 2001	814	86,499	27.75	5.77	$521,435
Jan 2001	1,065	98,567	27.47	8.40	$857,096
Dec 2000	820	88,506	26.88	9.12	$829,438
Nov 2000	853	80,624	32.21	5.66	$483,646
Oct 2000	645	86,698	31.23	5.15	$466,248
Sep 2000	766	88,066	31.87	5.19	$481,167
Aug 2000	876	95,742	29.64	4.54	$460,705
Jul 2000	1,054	103,889	28.53	4.09	$454,951
Jun 2000	1,190	101,460	29.30	4.40	$481,012
May 2000	804	103,590	27.26	3.68	$403,102
Apr 2000	867	114,768	24.51	3.12	$378,867
Mar 2000	828	133,085	28.42	2.86	$404,122
Feb 2000	821	113,550	27.62	2.73	$332,270
Jan 2000	69	7,152	25.27	2.48	$19,484
Dec 1999	991	7,568	24.28	2.42	$42,404
Nov 1999	1,087	43,999	23.19	2.43	$132,301
Oct 1999	1,152	66,850	20.98	2.80	$211,597
Sep 1999	1,006	63,466	21.75	2.62	$188,088
Aug 1999	1,234	53,671	19.26	2.88	$178,103
Jul 1999	1,336	53,905	17.89	2.37	$151,784
Jun 1999	829	62,596	15.94	2.36	$161,072
May 1999	447	65,361	15.79	2.32	$158,762
Apr 1999	0	78,342	15.10	2.21	$172,983
Mar 1999	0	69,326	12.47	1.84	$127,444
Feb 1999	0	60,386	9.98	1.82	$109,769
Jan 1999	0	65,171	10.38	1.90	$123,822
Dec 1998	0	49,924	9.20	1.77	$88,531
Nov 1998	0	58,008	10.89	2.19	$126,789
Oct 1998	0	52,783	12.42	1.97	$103,941
Sep 1998	0	23,477	12.59	2.08	$48,894
Aug 1998	0	0	11.30	1.91	$0
Jul 1998	0	0	11.74	2.24	$0
Jun 1998	0	0	11.24	2.24	$0
May 1998	157	1,238	12.62	2.21	$4,713
Apr 1998	284	1,388	13.04	2.51	$7,181
Mar 1998	154	30,579	12.80	2.31	$72,592
Feb 1998	143	75,048	13.95	2.30	$174,540
Jan 1998	200	52,985	14.70	2.15	$117,112
Dec 1997	186	51,713	16.32	2.41	$127,721
Nov 1997	156	61,228	18.19	3.09	$191,926
Oct 1997	110	68,099	19.25	3.15	$216,617
Sep 1997	259	66,720	17.74	2.95	$201,744
Aug 1997	131	67,676	17.86	2.55	$175,234
Jul 1997	104	79,801	17.58	2.25	$181,136
Jun 1997	230	65,579	17.24	2.26	$151,990
May 1997	78	111,385	18.97	2.31	$258,612
Apr 1997	91	82,866	17.88	2.08	$174,219
Mar 1997	85	100,511	18.95	1.94	$196,516
Feb 1997	132	87,471	20.49	2.21	$195,657
Jan 1997	103	147,795	23.48	3.54	$525,568
Dec 1996	103	164,992	23.32	—	$2,402
Nov 1996	121	118,067	21.97	—	$2,658
Oct 1996	101	154,121	23.31	—	$2,354
Sep 1996	62	24,977	22.22	—	$1,378
Aug 1996	65	44,894	20.26	—	$1,317
Jul 1996	72	5,147	19.55	—	$1,408
Jun 1996	71	20,842	18.73	—	$1,330
May 1996	85	20,367	19.43	—	$1,652
Apr 1996	72	18,580	21.51	—	$1,549
Mar 1996	78	20,268	19.38	—	$1,512
Feb 1996	114	20,011	16.98	—	$1,936
Jan 1996	68	21,805	17.07	—	$1,161
Dec 1995	90	21,621	17.19	—	$1,547
Nov 1995	108	22,028	16.00	—	$1,728
Oct 1995	44	21,039	15.43	—	$679
Sep 1995	78	20,273	16.18	—	$1,262
Aug 1995	94	21,755	15.92	—	$1,496
Jul 1995	93	22,018	15.24	—	$1,417
Jun 1995	112	20,281	16.41	—	$1,838
May 1995	109	20,860	17.56	—	$1,914
Apr 1995	293	24,307	17.73	—	$5,195
Mar 1995	217	21,146	16.44	—	$3,567
Feb 1995	192	19,438	16.58	—	$3,183
Jan 1995	278	22,396	15.92	—	$4,426
Dec 1994	370	18,937	15.03	—	$5,561
Nov 1994	323	18,937	15.90	—	$5,136
Oct 1994	123	18,938	15.58	—	$1,916
Sep 1994	253	23,357	15.29	—	$3,868
Aug 1994	432	22,195	16.13	—	$6,968
Jul 1994	114	18,827	17.56	—	$2,002
Jun 1994	137	18,828	17.09	—	$2,341
May 1994	178	19,953	15.88	—	$2,827
Apr 1994	145	18,415	14.14	—	$2,050
Mar 1994	204	20,207	12.46	—	$2,542
Feb 1994	227	18,987	12.50	—	$2,838
Jan 1994	124	21,015	12.66	—	$1,570
Dec 1993	125	19,947	12.33	—	$1,541
Nov 1993	163	20,165	14.49	—	$2,362
Oct 1993	165	19,931	15.85	—	$2,615
Sep 1993	68	18,948	15.03	—	$1,022
Aug 1993	113	22,057	15.66	—	$1,770
Jul 1993	126	20,889	15.46	—	$1,948
Jun 1993	113	20,754	16.79	—	$1,897
May 1993	112	19,192	17.68	—	$1,980
Apr 1993	99	16,272	18.05	—	$1,787
Mar 1993	68	18,535	18.14	—	$1,234
Feb 1993	92	14,766	17.90	—	$1,647
Jan 1993	169	19,290	16.93	—	$2,861

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.

Jan 2008 — as filed, then multipliedworked

Condensate            77 bbl  × $ 90.38 =     $6,959
Gas                   30 Mcf  × $  8.21 =       $246

────────────────────────────────────────────────────
Month total                                   $7,205

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/7653 is the state's own key, not one this site invented.