CANNON GAS UNIT
CANNON GAS UNIT is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Craton Energy Holdings III, LP. It has 1 wellbore on file with the Commission. Reported production runs from August 2008 to August 2026, totalling 382,378 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 $46K, with roughly $7K 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 354 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 1,861 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 GAS UNIT
- Who operates CANNON GAS UNIT?
- CANNON GAS UNIT is operated by Craton Energy Holdings III, LP, Railroad Commission of Texas operator number 186713.
- Where is CANNON GAS UNIT?
- CANNON GAS UNIT is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 242039.
- Is CANNON GAS UNIT still producing?
- CANNON GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CANNON GAS UNIT is August 2026.
- How much has CANNON GAS UNIT produced?
- CANNON GAS UNIT has reported 382,378 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2008 and August 2026, from 1 wellbore.
- How much is CANNON GAS UNIT worth?
- The remaining production from CANNON GAS UNIT is estimated to be worth about $46K in total as of 27 August 2026, within a range of $36K to $57K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CANNON GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CANNON 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 CANNON GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CANNON GAS UNIT generate in a year?
- CANNON GAS UNIT is forecast to net about $7K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CANNON GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Craton Energy Holdings III, LP |
|---|---|
| Field | Oak Hill (Cotton Valley) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 242039 |
| Wellbores | 1 |
| Reported production | 382,378 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $46K |
Where CANNON 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.