CANNON UNIT

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the GIDDINGS (AUSTIN CHALK-3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 23903District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$14.3 M
Sep 1999 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
321
no gaps in the span
Streams
2
oil, casinghead 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 5,900 leases and 6,985 wells, and the rule below applies to all of them.

Discovered
1960-10-29
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2025-09-30.

The Commission's schedule remark for this field reads: DKT OG-25-00028011: UFT FIELD, ALLOCATION FORMULA SUSPENDED

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
OilDisposition130,087 bbl$9,037,809
Casinghead gasProduction898,768 Mcf$5,233,200
Total$14,271,009

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 30.5911, -96.1423. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.59113, -96.14230 · 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
10,905 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 10,905 ft.

Completions filed
Mar 2008
1 of 1 wells

1 well

42-18530516110,905 ftMar 2008

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 (321)

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

321 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 202005439.982.39$129
Jul 2020011838.371.83$215
Jun 2020019234.901.69$325
May 2020030716.921.81$557
Apr 20200014.751.80$0
Mar 2020021530.341.86$399
Feb 202017624949.881.98$9,272
Jan 2020024557.252.09$513
Dec 2019023259.012.30$535
Nov 2019025055.302.75$688
Oct 201919150853.472.42$11,441
Sep 20190055.052.66$0
Aug 201908453.112.30$194
Jul 2019025356.272.46$622
Jun 2019015252.782.49$379
May 2019013458.482.74$367
Apr 2019019762.632.75$542
Mar 2019022756.803.06$695
Feb 2019028250.852.79$787
Jan 2019028646.033.23$923
Dec 2018028746.594.19$1,201
Nov 2018032052.934.24$1,356
Oct 2018034261.443.40$1,162
Sep 201818236559.543.11$11,971
Aug 2018041359.403.07$1,266
Jul 2018041165.142.93$1,205
Jun 201819135460.183.08$12,584
May 2018037365.382.90$1,082
Apr 2018054663.842.90$1,584
Mar 2018043261.222.79$1,204
Feb 2018043461.782.77$1,201
Jan 2018040262.874.01$1,612
Dec 2017041257.272.92$1,204
Nov 2017034755.423.12$1,082
Oct 201719338649.292.98$10,665
Sep 2017044347.523.09$1,368
Aug 2017052845.373.00$1,586
Jul 2017049143.873.09$1,516
Jun 201718613042.493.09$8,304
May 2017055045.373.26$1,795
Apr 2017028147.933.21$902
Mar 2017034246.772.98$1,020
Feb 2017038850.452.95$1,146
Jan 2017016649.413.42$568
Dec 2016045548.763.72$1,694
Nov 201618740042.492.64$9,003
Oct 2016050246.193.09$1,551
Sep 2016055841.553.10$1,730
Aug 2016045141.442.92$1,319
Jul 2016034841.622.92$1,018
Jun 2016025245.352.69$677
May 201617138242.521.99$8,032
Apr 2016068636.561.99$1,366
Mar 2016044533.011.79$798
Feb 2016036826.472.06$759
Jan 2016065527.352.36$1,549
Dec 2015091532.362.00$1,831
Nov 201501,38438.792.17$3,000
Oct 2015096843.552.43$2,349
Sep 2015064642.992.76$1,782
Aug 201518865240.162.87$9,423
Jul 2015069148.152.95$2,035
Jun 2015066856.152.88$1,926
May 2015051555.212.96$1,522
Apr 201519276649.822.71$11,639
Mar 2015058142.892.93$1,705
Feb 201501,04244.662.98$3,101
Jan 2015074843.433.10$2,319
Dec 2014059054.693.59$2,119
Nov 2014086670.464.25$3,682
Oct 201419465778.303.90$17,753
Sep 2014062986.164.05$2,545
Aug 2014042389.394.04$1,707
Jul 2014062396.564.18$2,604
Jun 201418667898.164.74$21,469
May 2014079694.734.73$3,762
Apr 2014070195.944.81$3,371
Mar 201419576895.895.06$22,582
Feb 2014086397.406.19$5,344
Jan 201418297890.404.86$21,207
Dec 201301,51591.824.35$6,597
Nov 201319686488.853.74$20,644
Oct 201301,06297.423.78$4,014
Sep 2013187963104.113.72$23,049
Aug 2013192929104.253.52$23,289
Jul 201301,321102.523.72$4,911
Jun 20131921,93894.403.93$25,748
May 20131931,90494.834.15$26,202
Apr 20133741,65993.964.28$42,246
Mar 20131881,37093.623.91$22,961
Feb 201319069191.233.42$19,697
Jan 20131901,64191.603.42$23,016
Dec 20121951,82286.773.42$23,152
Nov 201219381386.953.62$19,728
Oct 2012063589.383.40$2,159
Sep 20121941,30794.672.92$22,180
Aug 20121902,69492.662.91$25,440
Jul 20121873,73685.133.02$27,205
Jun 20121873,41079.822.52$23,516
May 20123763,95991.612.49$44,297
Apr 20123825,473101.652.00$49,759
Mar 20123846,531105.052.22$54,852
Feb 20125917,337101.102.57$78,608
Jan 20129569,67298.092.73$120,218
Dec 20111,15410,55596.873.24$145,983
Nov 20111,34812,85995.723.31$171,610
Oct 20112,10214,47084.983.65$231,422
Sep 20113,58515,10683.623.99$359,987
Aug 20112,4853,63783.404.15$222,340
Jul 20113852,44594.144.52$47,289
Jun 20113852,02792.904.64$45,172
May 20113862,58998.134.40$49,282
Apr 20113882,412105.964.33$51,564
Mar 20113882,50396.364.06$47,543
Feb 20111942,41685.644.18$26,713
Jan 20113932,46386.504.59$45,297
Dec 20103852,76685.734.35$45,032
Nov 20101962,63280.843.80$25,834
Oct 20103872,60578.103.51$39,365
Sep 20103852,89172.633.98$39,467
Aug 20103863,03973.684.42$41,871
Jul 20103843,27672.554.74$43,376
Jun 20103843,53970.364.91$44,396
May 20103804,35871.124.24$45,483
Apr 20105834,09981.694.12$64,524
Mar 20105794,67478.394.39$65,900
Feb 20107785,04473.585.44$84,697
Jan 20105886,01574.365.96$79,598
Dec 20099765,75971.445.48$101,306
Nov 20097734,84274.593.75$75,823
Oct 20097715,00172.544.11$76,484
Sep 20095804,20365.543.06$50,894
Aug 20095063,41867.423.22$45,115
Jul 20097635,42261.133.46$65,427
Jun 20097735,93966.163.90$74,274
May 20099717,15554.743.93$81,241
Apr 20099737,12346.773.59$71,061
Mar 20091,5468,34642.144.06$99,025
Feb 20091,3527,31732.814.63$78,259
Jan 20091,8079,06835.865.37$113,503
Dec 20081,8278,95237.105.98$121,289
Nov 20081,7649,97055.496.86$166,282
Oct 20082,28112,31275.246.92$256,846
Sep 20081,59910,221101.767.88$243,226
Aug 20082,25012,914114.228.48$366,545
Jul 20082,46315,458131.0811.39$498,908
Jun 20083,16616,373131.3313.03$629,174
May 20084,38022,897123.1711.57$804,501
Apr 20088,42437,693110.3110.45$1,323,326
Mar 200814,62140,136101.909.66$1,877,757
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20073281,88288.337.30$42,715
Nov 20071811,94291.677.29$30,753
Oct 20071822,23482.856.92$30,542
Sep 20071721,87075.846.24$24,721
Aug 20071782,14269.066.39$25,976
Jul 20073602,11270.906.39$39,015
Jun 20071782,64262.007.55$30,979
May 20073702,74258.747.85$43,248
Apr 200782,74459.617.81$21,894
Mar 20071862,62956.927.30$29,784
Feb 20073652,07355.108.22$37,143
Jan 20071812,78850.306.73$27,859
Dec 20063732,76856.656.92$40,281
Nov 20061883,08654.207.62$33,697
Oct 20061882,78054.906.01$27,040
Sep 20063682,83860.085.04$36,405
Aug 20061802,81268.717.34$33,008
Jul 20063702,91869.376.34$44,175
Jun 20061893,06166.286.38$32,068
May 20063593,05866.016.42$43,345
Apr 20061883,05964.397.36$34,621
Mar 20065483,39556.707.08$55,118
Feb 20062003,09757.597.75$35,523
Jan 20063913,62260.598.93$56,047
Dec 20053763,20154.9413.42$63,600
Nov 20051912,69054.6910.59$38,929
Oct 20053702,54458.3413.80$56,682
Sep 20051862,52461.4512.08$41,917
Aug 20051761,78061.519.80$28,264
Jul 20055312,54355.697.84$49,518
Jun 20051822,90052.337.38$30,929
May 20053713,11045.226.65$37,462
Apr 20053683,59749.207.36$44,581
Mar 20053703,18550.377.15$41,425
Feb 20053713,59345.226.31$39,455
Jan 20053733,94643.166.32$41,046
Dec 20043743,83439.866.75$40,791
Nov 20045613,94145.286.33$50,350
Oct 20043633,95849.706.52$43,828
Sep 20043735,51843.245.28$45,285
Aug 20045586,48542.375.55$59,638
Jul 20045564,75738.286.08$50,226
Jun 20043644,75636.106.43$43,736
May 20047665,55737.486.49$64,800
Apr 20045856,98234.475.86$61,069
Mar 20047746,64934.365.53$63,365
Feb 20049715,85432.455.51$63,762
Jan 20041,3127,21432.036.30$87,469
Dec 20032012,14330.266.30$19,587
Nov 20031792,34928.804.60$15,949
Oct 20031862,64128.174.76$17,810
Sep 20033722,66126.314.75$22,425
Aug 20031832,46229.765.13$18,075
Jul 20033782,55129.415.17$24,308
Jun 20031872,64228.565.98$21,148
May 20033652,84626.595.97$26,704
Apr 20031852,96826.675.41$20,983
Mar 20033822,78231.146.10$28,855
Feb 20033682,57233.487.93$32,706
Jan 20032003,06030.315.58$23,143
Dec 20023832,72626.914.85$23,538
Nov 20023443,08124.664.14$21,229
Oct 20025622,74426.464.23$26,475
Sep 20023562,93727.443.64$20,445
Aug 20023512,81425.963.16$18,016
Jul 20023514,00624.583.06$20,893
Jun 20025303,18023.733.34$23,193
May 20025343,64124.663.58$26,218
Apr 20025654,60423.653.51$29,533
Mar 20025443,85722.003.10$23,935
Feb 20025704,47218.222.38$21,009
Jan 20027314,38817.172.38$22,976
Dec 20017455,87416.932.36$26,501
Nov 20019325,92518.072.41$31,094
Oct 20015475,76519.782.53$25,399
Sep 20015505,47424.262.25$25,667
Aug 20011,0714,69124.873.05$40,958
Jul 20015465,69223.933.20$31,264
Jun 20018986,74724.563.82$47,856
May 20017298,76825.524.31$56,371
Apr 20019229,26824.685.34$72,203
Mar 20011,0939,63924.545.38$78,646
Feb 20011,1039,79627.755.77$87,103
Jan 20011,15211,96027.478.40$132,095
Dec 20001,29613,17126.889.12$154,989
Nov 20001,35814,81832.215.66$127,581
Oct 20002144,05731.235.15$27,559
Sep 20007183,29431.875.19$39,967
Aug 20005393,35129.644.54$31,192
Jul 20005404,06328.534.09$32,023
Jun 20005544,13829.304.40$34,428
May 20005373,80727.263.68$28,647
Apr 20005424,16924.513.12$26,275
Mar 20008925,35028.422.86$40,650
Feb 20009124,56327.622.73$37,630
Jan 20003744,99125.272.48$21,831
Dec 19991,4368,72524.282.42$56,013
Nov 19993754,11723.192.43$18,717
Oct 19999155,02120.982.80$33,274
Sep 19994123,03221.752.62$16,901

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.

Aug 2020 — as filed, then multipliedworked
Oil                    0 bbl  × $ 39.98 =         $0
Casinghead gas        54 Mcf  × $  2.39 =       $129

────────────────────────────────────────────────────
Month total                                     $129

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/O/23903 is the state's own key, not one this site invented.