CANNON-CHANCE UNIT

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the GIDDINGS (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 187097District 03Field 347336002 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.9 M
Feb 2001 – May 2026
Value, last 12 filed months
$32 k
at the published price for each month
Months reported
304
no gaps in the span
Streams
2
condensate, gas

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 598 leases and 630 wells, and the rule below applies to all of them.

Discovered
1977-03-26
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1997-05-16.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112004-11-10157568
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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.

StreamBasisVolumeValue
CondensateDisposition36,639 bbl$1,488,960
GasProduction1,515,362 Mcf$7,368,942
Total$8,857,902

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 30.5014, -96.3536. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.50137, -96.35356 · centre of the wells drawn, derived

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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
14,584 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
00.0%
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.
1100.0%

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 14,584 ft.

Completions filed
Jan 2002
1 of 1 wells

1 well

42-041317411RE14,584 ftJan 2002

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 (304)

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

304 months

May 20260174106.413.05$530
Apr 2026040898.932.87$1,171
Mar 2026048189.753.15$1,515
Feb 2026048963.503.75$1,834
Jan 2026063959.138.00$5,111
Dec 2025069656.664.41$3,072
Nov 2025074258.593.93$2,913
Oct 2025078359.383.30$2,588
Sep 202501,59962.743.08$4,920
Aug 2025078963.933.01$2,379
Jul 2025980066.743.32$3,253
Jun 2025075666.483.13$2,365
May 2025079860.553.23$2,579
Apr 2025076062.363.54$2,693
Mar 2025073867.704.27$3,150
Feb 2025063370.884.34$2,748
Jan 2025071574.324.28$3,059
Dec 2024072268.993.12$2,254
Nov 2024067669.052.20$1,486
Oct 2024061371.372.28$1,399
Sep 2024058169.612.36$1,374
Aug 2024062575.632.06$1,290
Jul 2024062779.932.15$1,346
Jun 2024061978.082.63$1,630
May 2024065078.812.20$1,429
Apr 2024067784.451.66$1,123
Mar 2024174480.301.55$1,230
Feb 202416370976.091.78$13,667
Jan 2024075073.023.30$2,473
Dec 2023073271.262.61$1,911
Nov 2023076077.892.81$2,134
Oct 2023088485.443.09$2,729
Sep 2023089989.042.74$2,459
Aug 202301,00480.522.67$2,684
Jul 2023097374.852.64$2,570
Jun 202301,01968.962.26$2,301
May 202301,59370.622.23$3,548
Apr 202302,10478.122.24$4,708
Mar 20231792,02272.852.39$17,879
Feb 202341,61175.112.47$4,273
Jan 202301,73776.533.39$5,884
Dec 202211,56776.415.73$9,054
Nov 202202,11685.005.65$11,947
Oct 20221822,14487.185.86$28,439
Sep 202212,14984.888.16$17,629
Aug 20221702,41594.529.13$38,110
Jul 202212,528101.587.54$19,168
Jun 202282,598115.097.98$21,645
May 202201,950109.378.43$16,444
Apr 20221932,295104.226.84$35,807
Mar 202202,680108.885.08$13,605
Feb 20221722,53691.054.86$27,983
Jan 202242,42481.844.54$11,327
Dec 202151,82871.323.90$7,484
Nov 202122,06277.435.24$10,953
Oct 20211861,76779.795.71$24,937
Sep 202152,00569.865.35$11,078
Aug 202101,91066.024.22$8,061
Jul 20211831,85770.783.98$20,347
Jun 202101,82769.493.38$6,176
May 202101,88063.483.02$5,673
Apr 202101,37960.362.76$3,804
Mar 20211881,70061.302.72$16,143
Feb 202101,25057.805.55$6,935
Jan 202101,33450.412.81$3,749
Dec 202001,11144.642.68$2,972
Nov 202001,10438.772.71$2,988
Oct 202001,25336.972.48$3,105
Sep 202001,30037.091.99$2,588
Aug 20201881,44639.982.39$10,965
Jul 202001,23738.371.83$2,258
Jun 202001,61734.901.69$2,733
May 202001,35816.921.81$2,464
Apr 202001,33014.751.80$2,400
Mar 202001,85030.341.86$3,434
Feb 20201811,85849.881.98$12,708
Jan 202002,18057.252.09$4,567
Dec 201902,12159.012.30$4,888
Nov 201901,74455.302.75$4,797
Oct 201901,41653.472.42$3,425
Sep 2019081455.052.66$2,163
Aug 201901,19553.112.30$2,754
Jul 201917885456.272.46$12,117
Jun 201901,37352.782.49$3,420
May 201902,01558.482.74$5,522
Apr 201902,02262.632.75$5,562
Mar 201902,07056.803.06$6,339
Feb 20191921,91150.852.79$15,099
Jan 201902,18946.033.23$7,066
Dec 201802,14046.594.19$8,957
Nov 20181902,07652.934.24$18,853
Oct 201802,25261.443.40$7,652
Sep 20181662,22559.543.11$16,799
Aug 201802,28559.403.07$7,007
Jul 201802,28265.142.93$6,691
Jun 20181852,24260.183.08$18,032
May 201802,30165.382.90$6,675
Apr 201802,31563.842.90$6,715
Mar 20181872,53161.222.79$18,502
Feb 201802,35161.782.77$6,503
Jan 20181932,66162.874.01$22,803
Dec 201702,78657.272.92$8,139
Nov 20171882,70955.423.12$18,867
Oct 201702,58849.292.98$7,722
Sep 20171932,62047.523.09$17,260
Aug 201702,68945.373.00$8,079
Jul 20171832,64743.873.09$16,200
Jun 201702,62542.493.09$8,104
May 201702,65545.373.26$8,664
Apr 20171942,64747.933.21$17,800
Mar 201702,78546.772.98$8,310
Feb 20171912,54050.452.95$17,136
Jan 201702,90049.413.42$9,915
Dec 20161963,06548.763.72$20,967
Nov 201603,01642.492.64$7,975
Oct 20161933,55946.193.09$19,913
Sep 201603,33041.553.10$10,325
Aug 20161923,68341.442.92$18,727
Jul 201603,89141.622.92$11,379
Jun 20161923,71645.352.69$18,688
May 201603,83542.521.99$7,636
Apr 20161923,90736.561.99$14,799
Mar 201603,85233.011.79$6,911
Feb 201603,74326.472.06$7,724
Jan 20161914,59227.352.36$16,081
Dec 201503,11332.362.00$6,230
Nov 201501,75338.792.17$3,799
Oct 20151401,47843.552.43$9,683
Sep 201501,52342.992.76$4,201
Aug 201501,98940.162.87$5,713
Jul 201502,08948.152.95$6,152
Jun 20151822,03456.152.88$16,083
May 201501,98855.212.96$5,875
Apr 201501,98349.822.71$5,367
Mar 201502,11342.892.93$6,201
Feb 201501,88944.662.98$5,622
Jan 20151832,07043.433.10$14,366
Dec 201402,03054.693.59$7,290
Nov 201402,02170.464.25$8,593
Oct 20141952,02078.303.90$23,148
Sep 201401,97386.164.05$7,982
Aug 201402,03589.394.04$8,211
Jul 201401,87696.564.18$7,841
Jun 201401,87298.164.74$8,867
May 201401,52494.734.73$7,203
Apr 20141851,23095.944.81$23,664
Mar 201401,13895.895.06$5,755
Feb 201401,18197.406.19$7,313
Jan 201401,40690.404.86$6,834
Dec 20132011,24791.824.35$23,886
Nov 201301,35888.853.74$5,077
Oct 201301,35397.423.78$5,113
Sep 201302,035104.113.72$7,566
Aug 201301,417104.253.52$4,992
Jul 20131831,289102.523.72$23,553
Jun 201301,70094.403.93$6,687
May 201301,69494.834.15$7,029
Apr 201301,46893.964.28$6,287
Mar 201301,51393.623.91$5,920
Feb 20131941,30491.233.42$22,158
Jan 201301,50391.603.42$5,140
Dec 201201,75386.773.42$5,996
Nov 201201,81486.953.62$6,576
Oct 201201,88589.383.40$6,408
Sep 20121931,87094.672.92$23,729
Aug 201201,86992.662.91$5,435
Jul 201202,31285.133.02$6,984
Jun 201202,30579.822.52$5,806
May 201202,29191.612.49$5,701
Apr 201202,310101.652.00$4,613
Mar 20121902,394105.052.22$25,279
Feb 201202,198101.102.57$5,649
Jan 201202,48198.092.73$6,783
Dec 20111982,44396.873.24$27,095
Nov 201102,36495.723.31$7,828
Oct 201102,41384.983.65$8,804
Sep 201102,46383.623.99$9,817
Aug 201102,60683.404.15$10,813
Jul 20111932,15894.144.52$27,917
Jun 201101,93592.904.64$8,978
May 201142,35998.134.40$10,783
Apr 201102,352105.964.33$10,192
Mar 20111962,35496.364.06$28,438
Feb 201101,64185.644.18$6,859
Jan 201102,70686.504.59$12,417
Dec 20101942,80285.734.35$28,814
Nov 201002,78380.843.80$10,562
Oct 201002,89678.103.51$10,162
Sep 201002,74572.633.98$10,924
Aug 201002,80673.684.42$12,401
Jul 20101932,50472.554.74$25,862
Jun 201002,57170.364.91$12,625
May 201002,68171.124.24$11,355
Apr 201002,73181.694.12$11,259
Mar 20101953,17278.394.39$29,207
Feb 201002,95573.585.44$16,082
Jan 201003,22074.365.96$19,204
Dec 20091993,51271.445.48$33,475
Nov 200903,25474.593.75$12,207
Oct 200903,30272.544.11$13,572
Sep 20091923,18265.543.06$22,336
Aug 200903,32267.423.22$10,692
Jul 200903,33361.133.46$11,547
Jun 20091923,34566.163.90$25,732
May 200903,54954.743.93$13,932
Apr 200903,38846.773.59$12,154
Mar 20091953,68942.144.06$23,191
Feb 200903,35832.814.63$15,558
Jan 200903,84935.865.37$20,673
Dec 20081813,83937.105.98$29,661
Nov 200803,83655.496.86$26,316
Oct 20081803,95475.246.92$40,913
Sep 200803,491101.767.88$27,499
Aug 200803,877114.228.48$32,889
Jul 200803,873131.0811.39$44,111
Jun 20081833,791131.3313.03$73,440
May 200803,990123.1711.57$46,181
Apr 20081834,043110.3110.45$62,456
Mar 200804,352101.909.66$42,058
Feb 20081844,05692.538.77$52,599
Jan 200804,56290.388.21$37,435
Dec 200704,45888.337.30$32,552
Nov 20071874,41191.677.29$49,306
Oct 200704,55482.856.92$31,523
Sep 200704,36475.846.24$27,250
Aug 20071874,68769.066.39$42,854
Jul 200704,65370.906.39$29,723
Jun 20071874,53762.007.55$45,841
May 200714,84158.747.85$38,043
Apr 200714,83959.617.81$37,829
Mar 20071805,09456.927.30$47,442
Feb 200704,59355.108.22$37,736
Jan 20071905,24350.306.73$44,826
Dec 20061895,56456.656.92$49,201
Nov 200615,39154.207.62$41,120
Oct 200605,70054.906.01$34,279
Sep 20061845,79260.085.04$40,230
Aug 20061816,06968.717.34$56,982
Jul 200606,37769.376.34$40,448
Jun 20061836,56466.286.38$54,033
May 200616,91466.016.42$44,488
Apr 20061817,20964.397.36$64,716
Mar 20061868,18556.707.08$68,520
Feb 20061867,44957.597.75$68,450
Jan 20061868,09260.598.93$83,558
Dec 200517,74954.9413.42$104,011
Nov 20051846,43054.6910.59$78,146
Oct 200506,59458.3413.80$90,969
Sep 20051916,57661.4512.08$91,168
Aug 200576,48061.519.80$63,914
Jul 200545,97555.697.84$47,089
Jun 200511,32352.337.38$9,817
May 200502,69145.226.65$17,898
Apr 200503,90949.207.36$28,772
Mar 20051855,12550.377.15$45,987
Feb 200505,11245.226.31$32,267
Jan 200504,37643.166.32$27,666
Dec 200425,68739.866.75$38,473
Nov 20041847,38245.286.33$55,063
Oct 20041866,46349.706.52$51,351
Sep 200417,54743.245.28$39,921
Aug 20041867,90042.375.55$51,731
Jul 200418,09938.286.08$49,314
Jun 20043757,88436.106.43$64,255
May 20041878,39337.486.49$61,518
Apr 200438,45734.475.86$49,648
Mar 20041869,06334.365.53$56,511
Feb 200408,67732.455.51$47,807
Jan 20043789,06632.036.30$69,220
Dec 200317,96230.266.30$50,204
Nov 200319411,19028.804.60$57,007
Oct 200337211,96528.174.76$67,428
Sep 200319411,18726.314.75$58,235
Aug 200318611,61729.765.13$65,127
Jul 200319012,79129.415.17$71,728
Jun 200319612,16428.565.98$78,374
May 200335914,53826.595.97$96,377
Apr 200320416,40626.675.41$94,153
Mar 200373527,63531.146.10$191,352
Feb 200307,11533.487.93$56,393
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 200207,80626.464.23$33,013
Sep 20021632,49027.443.64$13,524
Aug 200236617,17625.963.16$63,849
Jul 200236119,76924.583.06$69,401
Jun 200271723,08323.733.34$94,071
May 200235529,41724.663.58$114,185
Apr 200254633,46123.653.51$130,439
Mar 200276627,81222.003.10$103,145
Feb 20024119,30418.222.38$29,592
Jan 200241537,27317.172.38$95,674
Dec 20010016.932.36$0
Nov 20015388,62018.072.41$30,457
Oct 200120911,57619.782.53$33,408
Sep 200134413,74724.262.25$39,294
Aug 200171319,20424.873.05$76,365
Jul 200170924,49823.933.20$95,288
Jun 20011,25142,58124.563.82$193,561
May 20011,81271,67025.524.31$354,948
Apr 20014,848119,62824.685.34$757,902
Mar 20014,68196,10024.545.38$631,548
Feb 20010027.755.77$0

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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  174 Mcf  × $  3.05 =       $530

────────────────────────────────────────────────────
Month total                                     $530

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/187097 is the state's own key, not one this site invented.