SOUTH CANNON
Operated by LEGEND NATURAL GAS IV, LP (P-5 495557) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.
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.
| Stream | Basis | Volume | Value |
|---|---|---|---|
| Gas | Production | 149,058 Mcf | $564,220 |
| Total | $564,220 | ||
Every month this lease reported (46)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
46 months
| Jun 2014 | 0 | 98.16 | 4.74 | $0 |
| May 2014 | 0 | 94.73 | 4.73 | $0 |
| Apr 2014 | 0 | 95.94 | 4.81 | $0 |
| Mar 2014 | 0 | 95.89 | 5.06 | $0 |
| Feb 2014 | 0 | 97.40 | 6.19 | $0 |
| Jan 2014 | 0 | 90.40 | 4.86 | $0 |
| Dec 2013 | 0 | 91.82 | 4.35 | $0 |
| Nov 2013 | 0 | 88.85 | 3.74 | $0 |
| Oct 2013 | 0 | 97.42 | 3.78 | $0 |
| Sep 2013 | 0 | 104.11 | 3.72 | $0 |
| Aug 2013 | 0 | 104.25 | 3.52 | $0 |
| Jul 2013 | 0 | 102.52 | 3.72 | $0 |
| Jun 2013 | 0 | 94.40 | 3.93 | $0 |
| May 2013 | 0 | 94.83 | 4.15 | $0 |
| Apr 2013 | 0 | 93.96 | 4.28 | $0 |
| Mar 2013 | 0 | 93.62 | 3.91 | $0 |
| Feb 2013 | 0 | 91.23 | 3.42 | $0 |
| Jan 2013 | 0 | 91.60 | 3.42 | $0 |
| Dec 2012 | 0 | 86.77 | 3.42 | $0 |
| Nov 2012 | 0 | 86.95 | 3.62 | $0 |
| Oct 2012 | 0 | 89.38 | 3.40 | $0 |
| Sep 2012 | 0 | 94.67 | 2.92 | $0 |
| Aug 2012 | 0 | 92.66 | 2.91 | $0 |
| Jul 2012 | 2,300 | 85.13 | 3.02 | $6,948 |
| Jun 2012 | 3,079 | 79.82 | 2.52 | $7,756 |
| May 2012 | 3,944 | 91.61 | 2.49 | $9,814 |
| Apr 2012 | 3,123 | 101.65 | 2.00 | $6,236 |
| Mar 2012 | 3,726 | 105.05 | 2.22 | $8,279 |
| Feb 2012 | 3,596 | 101.10 | 2.57 | $9,243 |
| Jan 2012 | 3,763 | 98.09 | 2.73 | $10,288 |
| Dec 2011 | 4,675 | 96.87 | 3.24 | $15,146 |
| Nov 2011 | 5,326 | 95.72 | 3.31 | $17,636 |
| Oct 2011 | 7,245 | 84.98 | 3.65 | $26,434 |
| Sep 2011 | 6,284 | 83.62 | 3.99 | $25,047 |
| Aug 2011 | 8,704 | 83.40 | 4.15 | $36,116 |
| Jul 2011 | 10,079 | 94.14 | 4.52 | $45,529 |
| Jun 2011 | 6,008 | 92.90 | 4.64 | $27,876 |
| May 2011 | 6,152 | 98.13 | 4.40 | $27,098 |
| Apr 2011 | 7,957 | 105.96 | 4.33 | $34,480 |
| Mar 2011 | 6,355 | 96.36 | 4.06 | $25,784 |
| Feb 2011 | 2,179 | 85.64 | 4.18 | $9,108 |
| Jan 2011 | 9,623 | 86.50 | 4.59 | $44,158 |
| Dec 2010 | 11,185 | 85.73 | 4.35 | $48,630 |
| Nov 2010 | 14,104 | 80.84 | 3.80 | $53,529 |
| Oct 2010 | 19,372 | 78.10 | 3.51 | $67,974 |
| Sep 2010 | 279 | 72.63 | 3.98 | $1,110 |
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.
Gas 2,300 Mcf × $ 3.02 = $6,948 ──────────────────────────────────────────────────── Month total $6,948
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. 09/G/258515 is the state's own key, not one this site invented.