OLD OCEAN UNIT
OLD OCEAN UNIT is a Texas gas lease in Brazoria County, Railroad Commission district 03, operated by Amoco Production Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 6,860,359 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $37K, with roughly $6K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 277 thousand cubic feet a month. Its strongest month on the record we hold was June 2025, at 386 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about OLD OCEAN UNIT
- Who operates OLD OCEAN UNIT?
- OLD OCEAN UNIT is operated by Amoco Production Company, Railroad Commission of Texas operator number 020425.
- Where is OLD OCEAN UNIT?
- OLD OCEAN UNIT is a Texas gas lease in Brazoria County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 042252.
- Is OLD OCEAN UNIT still producing?
- OLD OCEAN UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OLD OCEAN UNIT is August 2026.
- How much has OLD OCEAN UNIT produced?
- OLD OCEAN UNIT has reported 6,860,359 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is OLD OCEAN UNIT worth?
- The remaining production from OLD OCEAN UNIT is estimated to be worth about $37K in total as of 26 August 2026, within a range of $29K to $45K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OLD OCEAN UNIT is a fraction of it. The estimate fits an Arps decline curve to the production OLD OCEAN UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OLD OCEAN UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does OLD OCEAN UNIT generate in a year?
- OLD OCEAN UNIT is forecast to net about $6K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OLD OCEAN UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Amoco Production Company |
|---|---|
| Field | Old Ocean (Larsen) |
| County | Brazoria County, Texas |
| RRC district | 03 |
| Lease number | 042252 |
| Wellbores | 1 |
| Reported production | 6,860,359 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $37K |
Where OLD OCEAN UNIT sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.