CANAN RANCH
CANAN RANCH is a Texas oil lease in Archer County, Railroad Commission district 09, operated by Hood, Joe B. It has 11 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 34,860 barrels. 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 $20K, with roughly $4K 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 5 barrels a month. Its strongest month on the record we hold was May 2017, at 173 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 CANAN RANCH
- Who operates CANAN RANCH?
- CANAN RANCH is operated by Hood, Joe B., Railroad Commission of Texas operator number 398293.
- Where is CANAN RANCH?
- CANAN RANCH is a Texas oil lease in Archer County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 26393.
- Is CANAN RANCH still producing?
- CANAN RANCH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CANAN RANCH is August 2026.
- How much has CANAN RANCH produced?
- CANAN RANCH has reported 34,860 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 11 wellbores.
- How much is CANAN RANCH worth?
- The remaining production from CANAN RANCH is estimated to be worth about $20K in total as of 26 August 2026, within a range of $0 to $40K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CANAN RANCH is a fraction of it. The estimate fits an Arps decline curve to the production CANAN RANCH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CANAN RANCH is an estimate of value, not an offer and not an appraisal.
- How much income does CANAN RANCH generate in a year?
- CANAN RANCH is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CANAN RANCH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hood, Joe B. |
|---|---|
| Field | Archer County Regular |
| County | Archer County, Texas |
| RRC district | 09 |
| Lease number | 26393 |
| Wellbores | 11 |
| Reported production | 34,860 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $20K |
Where CANAN RANCH 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.