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 7658District 03Field 67011900CondensateGasSave Export

Value, all time

$13.5 M

Jan 1993 – Nov 2005

Value, last 12 filed months

$10 k

at the published price for each month

Months reported

155

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	39,202 bbl	$948,642
Gas	Production	3,791,798 Mcf	$12,520,113
Total			$13,468,754

594,144 Mcf of this lease's gas, across 43 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 29.0565, -95.7380. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.05654, -95.73798 · 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

10,911 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 10,911 ft.

Completions filed

Mar 2008

1 of 1 wells

1 well


42-03903967	90 L	10,911 ft	Mar 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 (155)

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

155 months


Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	2	167	55.69	7.84	$1,421
Jun 2005	2	123	52.33	7.38	$1,013
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	2	0	43.16	6.32	$86
Dec 2004	19	998	39.86	6.75	$7,495
Nov 2004	53	3,161	45.28	6.33	$22,410
Oct 2004	55	2,907	49.70	6.52	$21,673
Sep 2004	91	6,335	43.24	5.28	$37,408
Aug 2004	65	4,256	42.37	5.55	$26,378
Jul 2004	72	4,561	38.28	6.08	$30,506
Jun 2004	104	5,847	36.10	6.43	$41,368
May 2004	111	6,806	37.48	6.49	$48,362
Apr 2004	118	6,908	34.47	5.86	$44,538
Mar 2004	148	7,675	34.36	5.53	$47,529
Feb 2004	133	7,912	32.45	5.51	$47,908
Jan 2004	155	9,499	32.03	6.30	$64,805
Dec 2003	121	6,826	30.26	6.30	$46,676
Nov 2003	159	8,133	28.80	4.60	$41,952
Oct 2003	241	13,695	28.17	4.76	$71,972
Sep 2003	299	18,879	26.31	4.75	$97,530
Aug 2003	249	26,171	29.76	5.13	$141,660
Jul 2003	431	34,040	29.41	5.17	$188,691
Jun 2003	380	46,477	28.56	5.98	$288,923
May 2003	479	47,362	26.59	5.97	$295,615
Apr 2003	542	52,717	26.67	5.41	$299,511
Mar 2003	442	53,857	31.14	6.10	$342,078
Feb 2003	375	44,957	33.48	7.93	$368,879
Jan 2003	491	47,917	30.31	5.58	$282,357
Dec 2002	528	50,266	26.91	4.85	$258,188
Nov 2002	393	51,755	24.66	4.14	$223,800
Oct 2002	712	58,279	26.46	4.23	$265,308
Sep 2002	1,093	62,540	27.44	3.64	$257,337
Aug 2002	746	66,584	25.96	3.16	$230,049
Jul 2002	796	61,082	24.58	3.06	$206,584
Jun 2002	613	57,122	23.73	3.34	$205,233
May 2002	655	53,619	24.66	3.58	$208,323
Apr 2002	718	58,707	23.65	3.51	$223,178
Mar 2002	1,016	61,469	22.00	3.10	$213,073
Feb 2002	526	48,844	18.22	2.38	$125,621
Jan 2002	463	30,883	17.17	2.38	$81,318
Dec 2001	467	35,674	16.93	2.36	$92,254
Nov 2001	464	31,135	18.07	2.41	$83,280
Oct 2001	623	35,967	19.78	2.53	$103,279
Sep 2001	557	36,708	24.26	2.25	$96,154
Aug 2001	439	38,204	24.87	3.05	$127,561
Jul 2001	507	39,245	23.93	3.20	$137,602
Jun 2001	452	38,418	24.56	3.82	$158,018
May 2001	574	45,347	25.52	4.31	$209,973
Apr 2001	471	38,960	24.68	5.34	$219,488
Mar 2001	714	37,013	24.54	5.38	$216,520
Feb 2001	582	36,708	27.75	5.77	$227,848
Jan 2001	891	45,765	27.47	8.40	$408,845
Dec 2000	788	54,292	26.88	9.12	$516,460
Nov 2000	908	63,476	32.21	5.66	$388,394
Oct 2000	611	53,202	31.23	5.15	$292,832
Sep 2000	854	65,685	31.87	5.19	$367,892
Aug 2000	1,074	81,937	29.64	4.54	$403,889
Jul 2000	1,226	84,033	28.53	4.09	$378,652
Jun 2000	1,294	75,746	29.30	4.40	$370,988
May 2000	864	73,748	27.26	3.68	$294,927
Apr 2000	1,027	76,741	24.51	3.12	$264,297
Mar 2000	876	84,949	28.42	2.86	$267,829
Feb 2000	126	88,549	27.62	2.73	$244,909
Jan 2000	0	95,742	25.27	2.48	$237,488
Dec 1999	0	101,305	24.28	2.42	$245,535
Nov 1999	0	106,631	23.19	2.43	$259,539
Oct 1999	0	120,973	20.98	2.80	$339,173
Sep 1999	0	122,136	21.75	2.62	$319,856
Aug 1999	0	74,572	19.26	2.88	$214,439
Jul 1999	0	51,171	17.89	2.37	$121,397
Jun 1999	0	863	15.94	2.36	$2,038
May 1999	0	0	15.79	2.32	$0
Apr 1999	0	5,435	15.10	2.21	$12,001
Mar 1999	0	9,087	12.47	1.84	$16,705
Feb 1999	0	8,689	9.98	1.82	$15,795
Jan 1999	0	9,099	10.38	1.90	$17,288
Dec 1998	0	4,937	9.20	1.77	$8,755
Nov 1998	0	2,668	10.89	2.19	$5,832
Oct 1998	0	2,822	12.42	1.97	$5,557
Sep 1998	0	3,688	12.59	2.08	$7,681
Aug 1998	0	3,756	11.30	1.91	$7,164
Jul 1998	0	2,807	11.74	2.24	$6,280
Jun 1998	68	2	11.24	2.24	$769
May 1998	72	3,292	12.62	2.21	$8,172
Apr 1998	113	5,030	13.04	2.51	$14,075
Mar 1998	62	4,312	12.80	2.31	$10,752
Feb 1998	58	3,880	13.95	2.30	$9,730
Jan 1998	80	3,574	14.70	2.15	$8,877
Dec 1997	76	4,768	16.32	2.41	$12,736
Nov 1997	64	4,375	18.19	3.09	$14,675
Oct 1997	44	4,902	19.25	3.15	$16,287
Sep 1997	106	4,675	17.74	2.95	$15,695
Aug 1997	53	5,620	17.86	2.55	$15,304
Jul 1997	42	6,259	17.58	2.25	$14,802
Jun 1997	93	6,700	17.24	2.26	$16,727
May 1997	32	5,263	18.97	2.31	$12,757
Apr 1997	37	2,925	17.88	2.08	$6,754
Mar 1997	34	4,686	18.95	1.94	$9,731
Feb 1997	54	4,464	20.49	2.21	$10,954
Jan 1997	42	5,708	23.48	3.54	$21,191
Dec 1996	42	6,189	23.32	—	$979
Nov 1996	49	6,218	21.97	—	$1,077
Oct 1996	42	6,999	23.31	—	$979
Sep 1996	26	6,226	22.22	—	$578
Aug 1996	26	6,561	20.26	—	$527
Jul 1996	29	7,213	19.55	—	$567
Jun 1996	29	6,928	18.73	—	$543
May 1996	35	5,973	19.43	—	$680
Apr 1996	29	5,616	21.51	—	$624
Mar 1996	32	5,470	19.38	—	$620
Feb 1996	47	5,280	16.98	—	$798
Jan 1996	28	5,432	17.07	—	$478
Dec 1995	36	5,435	17.19	—	$619
Nov 1995	44	5,761	16.00	—	$704
Oct 1995	17	5,105	15.43	—	$262
Sep 1995	29	4,632	16.18	—	$469
Aug 1995	34	4,598	15.92	—	$541
Jul 1995	29	4,419	15.24	—	$442
Jun 1995	25	4,417	16.41	—	$410
May 1995	14	4,196	17.56	—	$246
Apr 1995	47	0	17.73	—	$833
Mar 1995	105	1	16.44	—	$1,726
Feb 1995	34	4,608	16.58	—	$564
Jan 1995	0	5,385	15.92	—	$0
Dec 1994	0	0	15.03	—	$0
Nov 1994	0	0	15.90	—	$0
Oct 1994	0	0	15.58	—	$0
Sep 1994	165	0	15.29	—	$2,523
Aug 1994	657	10,042	16.13	—	$10,597
Jul 1994	253	18,734	17.56	—	$4,443
Jun 1994	306	18,734	17.09	—	$5,230
May 1994	404	21,617	15.88	—	$6,416
Apr 1994	326	20,682	14.14	—	$4,610
Mar 1994	452	22,113	12.46	—	$5,632
Feb 1994	553	23,024	12.50	—	$6,913
Jan 1994	298	24,854	12.66	—	$3,773
Dec 1993	299	23,608	12.33	—	$3,687
Nov 1993	402	23,500	14.49	—	$5,825
Oct 1993	411	24,272	15.85	—	$6,514
Sep 1993	178	23,099	15.03	—	$2,675
Aug 1993	298	28,148	15.66	—	$4,667
Jul 1993	332	27,224	15.46	—	$5,133
Jun 1993	326	26,638	16.79	—	$5,474
May 1993	364	27,508	17.68	—	$6,436
Apr 1993	311	26,584	18.05	—	$5,614
Mar 1993	226	27,537	18.14	—	$4,100
Feb 1993	299	25,431	17.90	—	$5,352
Jan 1993	397	28,133	16.93	—	$6,721

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.

Jul 2005 — as filed, then multipliedworked

Condensate             2 bbl  × $ 55.69 =       $111
Gas                  167 Mcf  × $  7.84 =     $1,310

────────────────────────────────────────────────────
Month total                                   $1,421

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/7658 is the state's own key, not one this site invented.