CANNON
CANNON is a Texas gas lease in Colorado County, Railroad Commission district 03, operated by Square Mile Energy, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from August 2013 to August 2026, totalling 15,932,811 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $1.4M, with roughly $463K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 12,656 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 225,107 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about CANNON
- Who operates CANNON?
- CANNON is operated by Square Mile Energy, L.L.C., Railroad Commission of Texas operator number 810815.
- Where is CANNON?
- CANNON is a Texas gas lease in Colorado County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 271318.
- Is CANNON still producing?
- CANNON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CANNON is August 2026.
- How much has CANNON produced?
- CANNON has reported 15,932,811 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2013 and August 2026, from 1 wellbore.
- How much is CANNON worth?
- The remaining production from CANNON is estimated to be worth about $1.4M in total as of 27 August 2026, within a range of $1.2M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CANNON is a fraction of it. The estimate fits an Arps decline curve to the production CANNON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CANNON is an estimate of value, not an offer and not an appraisal.
- How much income does CANNON generate in a year?
- CANNON is forecast to net about $463K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CANNON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Square Mile Energy, L.L.C. |
|---|---|
| Field | Glasscock (Wilcox 11,200) |
| County | Colorado County, Texas |
| RRC district | 03 |
| Lease number | 271318 |
| Wellbores | 1 |
| Reported production | 15,932,811 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where CANNON sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.