MCCANN, OLA GAS UNIT
MCCANN, OLA GAS UNIT is a Texas gas lease in San Patricio County, Railroad Commission district 04, operated by Magnum Producing, LP. It has 1 wellbore on file with the Commission. Reported production runs from December 2014 to August 2026, totalling 412,690 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 $597K, with roughly $100K 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 3,478 thousand cubic feet a month. Its strongest month on the record we hold was September 2019, at 8,144 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MCCANN, OLA GAS UNIT
- Who operates MCCANN, OLA GAS UNIT?
- MCCANN, OLA GAS UNIT is operated by Magnum Producing, LP, Railroad Commission of Texas operator number 521516.
- Where is MCCANN, OLA GAS UNIT?
- MCCANN, OLA GAS UNIT is a Texas gas lease in San Patricio County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 276012.
- Is MCCANN, OLA GAS UNIT still producing?
- MCCANN, OLA GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCCANN, OLA GAS UNIT is August 2026.
- How much has MCCANN, OLA GAS UNIT produced?
- MCCANN, OLA GAS UNIT has reported 412,690 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2014 and August 2026, from 1 wellbore.
- How much is MCCANN, OLA GAS UNIT worth?
- The remaining production from MCCANN, OLA GAS UNIT is estimated to be worth about $597K in total as of 27 August 2026, within a range of $495K to $698K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCCANN, OLA GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MCCANN, OLA GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCCANN, OLA GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MCCANN, OLA GAS UNIT generate in a year?
- MCCANN, OLA GAS UNIT is forecast to net about $100K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCCANN, OLA GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magnum Producing, LP |
|---|---|
| Field | Midway (9150) |
| County | San Patricio County, Texas |
| RRC district | 04 |
| Lease number | 276012 |
| Wellbores | 1 |
| Reported production | 412,690 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $597K |
Where MCCANN, OLA GAS UNIT 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.