CANNON, T. P. GU

Operated by SABINE ENERGY INC. (P-5 103925) in the OAK HILL (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 232838District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.5 M
Jun 2007 – May 2026
Value, last 12 filed months
$36 k
at the published price for each month
Months reported
228
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 2,275 leases and 2,276 wells, and the rule below applies to all of them.

Discovered
1976-11-17
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
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2018-03-20.

The Commission's schedule remark for this field reads: FIELD. EFFECTIVE 4/12/16.

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 Gas112008-03-18180937
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
CondensateDisposition1,670 bbl$130,347
GasProduction270,758 Mcf$1,341,740
Total$1,472,087

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 32.1978, -94.7823. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.19784, -94.78227 · 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
10,900 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 10,900 ft.

Completions filed
Jun 2007
1 of 1 wells

1 well

42-40134294310,900 ftJun 2007

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 (228)

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

228 months

May 202601,239106.413.05$3,774
Apr 202631,38198.932.87$4,260
Mar 202603,68889.753.15$11,615
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 202501,01263.933.01$3,051
Jul 202516678566.743.32$13,681
Jun 20250066.483.13$0
May 202501,31160.553.23$4,238
Apr 202501,30262.363.54$4,613
Mar 202501,22967.704.27$5,246
Feb 202521,28970.884.34$5,737
Jan 202511,38874.324.28$6,013
Dec 202401,62868.993.12$5,082
Nov 202411,56569.052.20$3,510
Oct 202412,10971.372.28$4,883
Sep 202411,92769.612.36$4,626
Aug 202444,08675.632.06$8,735
Jul 202403,91879.932.15$8,410
Jun 2024025278.082.63$664
May 2024011678.812.20$255
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 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 2019065253.112.30$1,502
Jul 2019057056.272.46$1,402
Jun 2019053652.782.49$1,335
May 201901,14058.482.74$3,124
Apr 2019042462.632.75$1,166
Mar 201917452656.803.06$11,494
Feb 2019089550.852.79$2,499
Jan 2019088546.033.23$2,857
Dec 2018099546.594.19$4,165
Nov 201831,00052.934.24$4,396
Oct 2018085461.443.40$2,902
Sep 2018082759.543.11$2,570
Aug 201801,11159.403.07$3,407
Jul 201801,26965.142.93$3,721
Jun 201802,20660.183.08$6,788
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 2018097661.782.77$2,700
Jan 201801,41762.874.01$5,681
Dec 201701,44257.272.92$4,213
Nov 201702,09455.423.12$6,530
Oct 201701,11149.292.98$3,315
Sep 201701,19447.523.09$3,686
Aug 201701,17445.373.00$3,527
Jul 201701,26343.873.09$3,899
Jun 2017097342.493.09$3,004
May 201701,07745.373.26$3,515
Apr 201701,22547.933.21$3,934
Mar 2017053846.772.98$1,605
Feb 2017090150.452.95$2,660
Jan 201701,28349.413.42$4,386
Dec 2016098248.763.72$3,656
Nov 2016074942.492.64$1,981
Oct 2016060946.193.09$1,882
Sep 201601,17041.553.10$3,628
Aug 201601,62141.442.92$4,740
Jul 201601,61841.622.92$4,732
Jun 201601,32145.352.69$3,548
May 201601,52842.521.99$3,042
Apr 201601,20536.561.99$2,399
Mar 201601,13833.011.79$2,042
Feb 201601,15926.472.06$2,392
Jan 201601,05727.352.36$2,499
Dec 201511,21632.362.00$2,466
Nov 2015083838.792.17$1,816
Oct 2015084543.552.43$2,050
Sep 201514376642.992.76$8,261
Aug 2015038940.162.87$1,117
Jul 2015080948.152.95$2,383
Jun 2015089956.152.88$2,592
May 2015078455.212.96$2,317
Apr 2015059249.822.71$1,602
Mar 2015058642.892.93$1,720
Feb 2015079344.662.98$2,360
Jan 2015055643.433.10$1,724
Dec 2014066554.693.59$2,388
Nov 201401,09870.464.25$4,669
Oct 201401,26978.303.90$4,950
Sep 201401,31686.164.05$5,324
Aug 201401,84489.394.04$7,441
Jul 20141641,66496.564.18$22,791
Jun 2014081198.164.74$3,842
May 201401,04694.734.73$4,944
Apr 2014047595.944.81$2,284
Mar 2014084295.895.06$4,258
Feb 2014064897.406.19$4,012
Jan 2014073090.404.86$3,548
Dec 201301,30091.824.35$5,661
Nov 2013078588.853.74$2,935
Oct 2013273397.423.78$2,965
Sep 20130781104.113.72$2,904
Aug 20131832104.253.52$3,035
Jul 20130759102.523.72$2,822
Jun 2013053794.403.93$2,112
May 2013094894.834.15$3,933
Apr 201311,13393.964.28$4,946
Mar 201301,06693.623.91$4,171
Feb 201301,12891.233.42$3,858
Jan 201301,23691.603.42$4,227
Dec 201201,15686.773.42$3,954
Nov 201201,31486.953.62$4,763
Oct 2012065889.383.40$2,237
Sep 2012082094.672.92$2,393
Aug 201201,22992.662.91$3,574
Jul 201201,26085.133.02$3,806
Jun 2012831,13579.822.52$9,484
May 201211,24791.612.49$3,195
Apr 20120941101.652.00$1,879
Mar 20120863105.052.22$1,918
Feb 201211,066101.102.57$2,841
Jan 2012071398.092.73$1,949
Dec 2011078196.873.24$2,530
Nov 2011050795.723.31$1,679
Oct 2011071784.983.65$2,616
Sep 2011055883.623.99$2,224
Aug 2011082683.404.15$3,427
Jul 2011076594.144.52$3,456
Jun 2011089392.904.64$4,143
May 201101,01298.134.40$4,458
Apr 201101,164105.964.33$5,044
Mar 201101,20596.364.06$4,889
Feb 20111801,23685.644.18$20,582
Jan 201101,43886.504.59$6,599
Dec 2010090485.734.35$3,930
Nov 201001,70380.843.80$6,463
Oct 201001,44278.103.51$5,060
Sep 201001,60272.633.98$6,375
Aug 201001,69373.684.42$7,482
Jul 201001,73872.554.74$8,232
Jun 201001,75170.364.91$8,598
May 201001,70271.124.24$7,208
Apr 201001,52181.694.12$6,271
Mar 201001,57378.394.39$6,903
Feb 20101781,57073.585.44$21,642
Jan 201002,02174.365.96$12,053
Dec 200902,57071.445.48$14,093
Nov 200901,96074.593.75$7,353
Oct 200901,62572.544.11$6,679
Sep 200902,19665.543.06$6,730
Aug 200902,41767.423.22$7,779
Jul 200902,18161.133.46$7,556
Jun 200912,04666.163.90$8,035
May 200902,03654.743.93$7,993
Apr 200902,44846.773.59$8,782
Mar 200922,53342.144.06$10,366
Feb 200903,48832.814.63$16,160
Jan 2009052935.865.37$2,841
Dec 200802,52237.105.98$15,074
Nov 200802,00155.496.86$13,728
Oct 200802,35675.246.92$16,308
Sep 200802,303101.767.88$18,141
Aug 20081902,597114.228.48$43,732
Jul 200803,164131.0811.39$36,036
Jun 200823,352131.3313.03$43,948
May 200803,300123.1711.57$38,195
Apr 200803,265110.3110.45$34,135
Mar 200814,255101.909.66$41,223
Feb 200814,25192.538.77$37,376
Jan 20081495,35790.388.21$57,425
Dec 200704,45788.337.30$32,545
Nov 200716,24791.677.29$45,643
Oct 200717,21282.856.92$50,004
Sep 200729,78275.846.24$61,232
Aug 200716710,77369.066.39$80,350
Jul 20072516,26470.906.39$105,666
Jun 20071788862.007.55$7,757

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                1,239 Mcf  × $  3.05 =     $3,774

────────────────────────────────────────────────────
Month total                                   $3,774

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. 06/G/232838 is the state's own key, not one this site invented.