CANNON GAS UNIT

Operated by PWEP OPERATING, LLC (P-5 104093) 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 239613District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.1 M
Jun 2008 – May 2026
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
216
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 Gas112008-10-30186699
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
CondensateDisposition993 bbl$79,906
GasProduction185,098 Mcf$1,058,376
Total$1,138,282

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 32.4838, -94.5989. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.48376, -94.59887 · 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
10,920 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 10,920 ft.

Completions filed
Jun 2008
1 of 1 wells

1 well

42-20334406210,920 ftJun 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 (216)

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

216 months

May 202600106.413.05$0
Apr 2026024798.932.87$709
Mar 2026042289.753.15$1,329
Feb 2026028263.503.75$1,058
Jan 2026018759.138.00$1,496
Dec 2025013956.664.41$613
Nov 202506758.593.93$263
Oct 2025012259.383.30$403
Sep 202506862.743.08$209
Aug 2025011263.933.01$338
Jul 2025011966.743.32$395
Jun 202509366.483.13$291
May 202507360.553.23$236
Apr 2025012162.363.54$429
Mar 202509867.704.27$418
Feb 202501370.884.34$56
Jan 20250074.324.28$0
Dec 202402868.993.12$87
Nov 202401269.052.20$26
Oct 20240471.372.28$9
Sep 20240069.612.36$0
Aug 202405375.632.06$109
Jul 2024010679.932.15$228
Jun 2024015978.082.63$419
May 20240078.812.20$0
Apr 202404284.451.66$70
Mar 2024022080.301.55$340
Feb 2024019776.091.78$351
Jan 2024011373.023.30$373
Dec 2023023771.262.61$619
Nov 2023017477.892.81$489
Oct 202304185.443.09$127
Sep 202307689.042.74$208
Aug 202308180.522.67$217
Jul 202305374.852.64$140
Jun 202309068.962.26$203
May 202304370.622.23$96
Apr 2023019178.122.24$427
Mar 202309772.852.39$232
Feb 202303075.112.47$74
Jan 20230076.533.39$0
Dec 202208476.415.73$481
Nov 2022017685.005.65$994
Oct 2022021287.185.86$1,243
Sep 2022076184.888.16$6,213
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 202005314.751.80$96
Mar 202004630.341.86$85
Feb 2020013649.881.98$269
Jan 2020037357.252.09$781
Dec 2019012459.012.30$286
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 2019041762.632.75$1,147
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 2019030846.033.23$994
Dec 201809046.594.19$377
Nov 2018011052.934.24$466
Oct 2018018961.443.40$642
Sep 201806059.543.11$186
Aug 201806759.403.07$205
Jul 2018018465.142.93$539
Jun 2018017160.183.08$526
May 2018021365.382.90$618
Apr 2018016663.842.90$482
Mar 2018024861.222.79$691
Feb 20182818161.782.77$2,231
Jan 2018026662.874.01$1,066
Dec 2017047657.272.92$1,391
Nov 2017058255.423.12$1,815
Oct 2017066849.292.98$1,993
Sep 2017052447.523.09$1,618
Aug 2017080445.373.00$2,416
Jul 2017073843.873.09$2,278
Jun 2017081342.493.09$2,510
May 2017095945.373.26$3,130
Apr 20171942947.933.21$2,288
Mar 2017082846.772.98$2,470
Feb 2017075250.452.95$2,220
Jan 2017074549.413.42$2,547
Dec 2016082248.763.72$3,060
Nov 2016064542.492.64$1,706
Oct 2016085846.193.09$2,651
Sep 2016068141.553.10$2,112
Aug 2016086441.442.92$2,527
Jul 2016081641.622.92$2,386
Jun 201601,25545.352.69$3,371
May 201601,20742.521.99$2,403
Apr 2016085036.561.99$1,692
Mar 2016054833.011.79$983
Feb 2016854426.472.06$1,334
Jan 2016047227.352.36$1,116
Dec 2015047832.362.00$957
Nov 2015081638.792.17$1,769
Oct 2015049843.552.43$1,208
Sep 201501342.992.76$36
Aug 201502140.162.87$60
Jul 201503548.152.95$103
Jun 201508656.152.88$248
May 201508055.212.96$236
Apr 201509849.822.71$265
Mar 2015010642.892.93$311
Feb 201504544.662.98$134
Jan 2015015643.433.10$484
Dec 201406654.693.59$237
Nov 201406970.464.25$293
Oct 201408178.303.90$316
Sep 201404986.164.05$198
Aug 2014010389.394.04$416
Jul 201408296.564.18$343
Jun 201405298.164.74$246
May 201403094.734.73$142
Apr 201405295.944.81$250
Mar 201405895.895.06$293
Feb 2014134797.406.19$1,557
Jan 2014016290.404.86$787
Dec 2013010091.824.35$435
Nov 2013010088.853.74$374
Oct 2013035897.423.78$1,353
Sep 20130362104.113.72$1,346
Aug 20130455104.253.52$1,603
Jul 20130388102.523.72$1,442
Jun 2013036094.403.93$1,416
May 2013061494.834.15$2,548
Apr 2013035893.964.28$1,533
Mar 20131354493.623.91$3,346
Feb 2013053391.233.42$1,823
Jan 2013072591.603.42$2,479
Dec 2012032486.773.42$1,108
Nov 2012069186.953.62$2,505
Oct 2012023989.383.40$813
Sep 2012052494.672.92$1,529
Aug 2012054592.662.91$1,585
Jul 2012096485.133.02$2,912
Jun 2012226279.822.52$820
May 2012029691.612.49$737
Apr 201218756101.652.00$3,339
Mar 20120860105.052.22$1,911
Feb 20120605101.102.57$1,555
Jan 2012089198.092.73$2,436
Dec 2011044796.873.24$1,448
Nov 201101,10295.723.31$3,649
Oct 2011083184.983.65$3,032
Sep 2011076383.623.99$3,041
Aug 2011661,38383.404.15$11,243
Jul 201101,36694.144.52$6,171
Jun 201101,43892.904.64$6,672
May 201101,61698.134.40$7,118
Apr 201101,475105.964.33$6,392
Mar 20115398096.364.06$9,083
Feb 2011086485.644.18$3,612
Jan 201101,10686.504.59$5,075
Dec 2010521,04385.734.35$8,993
Nov 201001,03780.843.80$3,936
Oct 201001,71478.103.51$6,014
Sep 201041,78572.633.98$7,394
Aug 2010511,98273.684.42$12,517
Jul 201001,51972.554.74$7,195
Jun 201001,65570.364.91$8,127
May 2010492,16971.124.24$12,671
Apr 201002,64281.694.12$10,892
Mar 201002,14078.394.39$9,392
Feb 2010492,12473.585.44$15,165
Jan 201002,87674.365.96$17,153
Dec 200943,34171.445.48$18,607
Nov 2009713,37274.593.75$17,946
Oct 2009103,78472.544.11$16,279
Sep 2009774,05965.543.06$17,486
Aug 2009174,03067.423.22$14,117
Jul 2009251,49161.133.46$6,694
Jun 2009169866.163.90$2,785
May 2009162554.743.93$2,508
Apr 20091351946.773.59$2,470
Mar 2009097742.144.06$3,966
Feb 200962,20432.814.63$10,408
Jan 2009135,16635.865.37$28,213
Dec 200838,16037.105.98$48,885
Nov 2008359,12555.496.86$64,543
Oct 20086211,40975.246.92$83,638
Sep 200818512,960101.767.88$120,913
Aug 20082919,203114.228.48$166,212
Jul 20081613,558131.0811.39$156,515
Jun 200802,498131.3313.03$32,556

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.

Apr 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                  247 Mcf  × $  2.87 =       $709

────────────────────────────────────────────────────
Month total                                     $709

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/239613 is the state's own key, not one this site invented.