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 7666District 03Field 67011900CondensateGasSave Export

Value, all time

$9.7 M

Jan 1993 – Nov 2003

Value, last 12 filed months

$448 k

at the published price for each month

Months reported

131

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	45,321 bbl	$1,069,993
Gas	Production	3,950,664 Mcf	$8,658,154
Total			$9,728,147

934,629 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 29.0463, -95.7341. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.04628, -95.73414 · 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

10,951 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 10,951 ft.

Completions filed

Apr 2008

1 of 1 wells

1 well


42-03903981	113 L	10,951 ft	Apr 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 (131)

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

131 months


Nov 2003	80	1	28.80	4.60	$2,309
Oct 2003	36	2,540	28.17	4.76	$13,104
Sep 2003	35	1,301	26.31	4.75	$7,100
Aug 2003	78	1,614	29.76	5.13	$10,601
Jul 2003	130	2,186	29.41	5.17	$15,127
Jun 2003	116	2,099	28.56	5.98	$15,871
May 2003	293	4,626	26.59	5.97	$35,420
Apr 2003	368	5,812	26.67	5.41	$41,242
Mar 2003	194	4,646	31.14	6.10	$34,363
Feb 2003	264	1,635	33.48	7.93	$21,798
Jan 2003	962	18,818	30.31	5.58	$134,201
Dec 2002	490	21,399	26.91	4.85	$117,052
Nov 2002	359	22,700	24.66	4.14	$102,762
Oct 2002	713	22,925	26.46	4.23	$115,819
Sep 2002	1,962	23,423	27.44	3.64	$138,985
Aug 2002	1,915	25,722	25.96	3.16	$131,102
Jul 2002	2,212	25,831	24.58	3.06	$133,459
Jun 2002	1,822	26,107	23.73	3.34	$130,387
May 2002	1,924	25,199	24.66	3.58	$137,759
Apr 2002	1,945	24,795	23.65	3.51	$133,087
Mar 2002	2,581	24,666	22.00	3.10	$133,314
Feb 2002	1,236	23,816	18.22	2.38	$79,099
Jan 2002	1,000	26,465	17.17	2.38	$80,042
Dec 2001	931	26,375	16.93	2.36	$78,123
Nov 2001	996	26,043	18.07	2.41	$80,645
Oct 2001	1,300	27,717	19.78	2.53	$95,807
Sep 2001	1,153	27,148	24.26	2.25	$89,091
Aug 2001	969	36,288	24.87	3.05	$134,892
Jul 2001	1,349	41,240	23.93	3.20	$164,129
Jun 2001	914	40,779	24.56	3.82	$178,393
May 2001	713	28,472	25.52	4.31	$140,834
Apr 2001	638	28,653	24.68	5.34	$168,619
Mar 2001	996	30,603	24.54	5.38	$188,977
Feb 2001	758	28,960	27.75	5.77	$188,049
Jan 2001	989	31,236	27.47	8.40	$289,512
Dec 2000	792	29,436	26.88	9.12	$289,819
Nov 2000	864	26,974	32.21	5.66	$180,448
Oct 2000	698	31,145	31.23	5.15	$182,055
Sep 2000	799	33,100	31.87	5.19	$197,137
Aug 2000	586	23,821	29.64	4.54	$125,534
Jul 2000	366	11,365	28.53	4.09	$56,922
Jun 2000	570	16,595	29.30	4.40	$89,673
May 2000	456	18,318	27.26	3.68	$79,836
Apr 2000	847	12,946	24.51	3.12	$61,100
Mar 2000	744	41,381	28.42	2.86	$139,484
Feb 2000	275	40,777	27.62	2.73	$118,774
Jan 2000	0	52,232	25.27	2.48	$129,561
Dec 1999	0	55,267	24.28	2.42	$133,952
Nov 1999	0	27,514	23.19	2.43	$66,969
Oct 1999	0	2,000	20.98	2.80	$5,607
Sep 1999	0	44,078	21.75	2.62	$115,434
Aug 1999	0	66,155	19.26	2.88	$190,235
Jul 1999	0	70,222	17.89	2.37	$166,593
Jun 1999	0	70,698	15.94	2.36	$166,996
May 1999	0	76,095	15.79	2.32	$176,618
Apr 1999	8	75,842	15.10	2.21	$167,584
Mar 1999	126	66,773	12.47	1.84	$124,322
Feb 1999	284	57,252	9.98	1.82	$106,906
Jan 1999	322	91,460	10.38	1.90	$177,112
Dec 1998	387	95,388	9.20	1.77	$172,714
Nov 1998	260	91,681	10.89	2.19	$203,220
Oct 1998	217	90,091	12.42	1.97	$180,103
Sep 1998	257	91,523	12.59	2.08	$193,843
Aug 1998	184	89,984	11.30	1.91	$173,710
Jul 1998	172	102,111	11.74	2.24	$230,469
Jun 1998	171	98,884	11.24	2.24	$223,152
May 1998	84	48,475	12.62	2.21	$108,012
Apr 1998	124	78,224	13.04	2.51	$197,594
Mar 1998	63	96,026	12.80	2.31	$222,573
Feb 1998	48	61,966	13.95	2.30	$143,137
Jan 1998	40	0	14.70	2.15	$588
Dec 1997	89	26,285	16.32	2.41	$64,828
Nov 1997	75	24,399	18.19	3.09	$76,715
Oct 1997	52	26,251	19.25	3.15	$83,687
Sep 1997	125	22,476	17.74	2.95	$68,631
Aug 1997	63	23,566	17.86	2.55	$61,330
Jul 1997	51	25,973	17.58	2.25	$59,256
Jun 1997	116	24,710	17.24	2.26	$57,775
May 1997	43	39,580	18.97	2.31	$92,186
Apr 1997	57	27,504	17.88	2.08	$58,304
Mar 1997	53	25,451	18.95	1.94	$50,357
Feb 1997	83	23,767	20.49	2.21	$54,128
Jan 1997	65	28,434	23.48	3.54	$102,174
Dec 1996	65	29,084	23.32	—	$1,516
Nov 1996	76	29,806	21.97	—	$1,670
Oct 1996	64	31,970	23.31	—	$1,492
Sep 1996	40	27,597	22.22	—	$889
Aug 1996	41	31,031	20.26	—	$831
Jul 1996	45	33,527	19.55	—	$880
Jun 1996	45	32,144	18.73	—	$843
May 1996	54	31,270	19.43	—	$1,049
Apr 1996	46	29,277	21.51	—	$989
Mar 1996	49	32,571	19.38	—	$950
Feb 1996	72	32,566	16.98	—	$1,223
Jan 1996	43	34,354	17.07	—	$734
Dec 1995	56	32,870	17.19	—	$963
Nov 1995	68	35,602	16.00	—	$1,088
Oct 1995	28	32,403	15.43	—	$432
Sep 1995	49	30,154	16.18	—	$793
Aug 1995	58	31,742	15.92	—	$923
Jul 1995	57	32,083	15.24	—	$869
Jun 1995	67	32,277	16.41	—	$1,099
May 1995	62	32,819	17.56	—	$1,089
Apr 1995	162	37,965	17.73	—	$2,872
Mar 1995	119	32,271	16.44	—	$1,956
Feb 1995	107	29,221	16.58	—	$1,774
Jan 1995	155	33,377	15.92	—	$2,468
Dec 1994	207	1	15.03	—	$3,111
Nov 1994	56	0	15.90	—	$890
Oct 1994	52	1	15.58	—	$810
Sep 1994	41	35,790	15.29	—	$627
Aug 1994	0	1	16.13	—	$0
Jul 1994	0	1	17.56	—	$0
Jun 1994	0	1	17.09	—	$0
May 1994	0	1	15.88	—	$0
Apr 1994	0	1	14.14	—	$0
Mar 1994	0	1	12.46	—	$0
Feb 1994	0	1	12.50	—	$0
Jan 1994	0	1	12.66	—	$0
Dec 1993	0	1	12.33	—	$0
Nov 1993	2	1	14.49	—	$29
Oct 1993	29	1,222	15.85	—	$460
Sep 1993	10	11,650	15.03	—	$150
Aug 1993	20	10,213	15.66	—	$313
Jul 1993	27	9,805	15.46	—	$417
Jun 1993	39	13,919	16.79	—	$655
May 1993	45	19,246	17.68	—	$796
Apr 1993	37	18,836	18.05	—	$668
Mar 1993	24	17,025	18.14	—	$435
Feb 1993	29	14,900	17.90	—	$519
Jan 1993	38	14,030	16.93	—	$643

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.

Nov 2003 — as filed, then multipliedworked

Condensate            80 bbl  × $ 28.80 =     $2,304
Gas                    1 Mcf  × $  4.60 =         $5

────────────────────────────────────────────────────
Month total                                   $2,309

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/7666 is the state's own key, not one this site invented.