CANNON-CHANCE UNIT
CANNON-CHANCE UNIT is a Texas gas lease in Brazos County, Railroad Commission district 03, operated by Rme Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from February 2001 to August 2026, totalling 1,515,362 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 $99K, with roughly $15K 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 748 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 3,891 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-CHANCE UNIT
- Who operates CANNON-CHANCE UNIT?
- CANNON-CHANCE UNIT is operated by Rme Petroleum Company, Railroad Commission of Texas operator number 714229.
- Where is CANNON-CHANCE UNIT?
- CANNON-CHANCE UNIT is a Texas gas lease in Brazos County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 187097.
- Is CANNON-CHANCE UNIT still producing?
- CANNON-CHANCE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CANNON-CHANCE UNIT is August 2026.
- How much has CANNON-CHANCE UNIT produced?
- CANNON-CHANCE UNIT has reported 1,515,362 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2001 and August 2026, from 1 wellbore.
- How much is CANNON-CHANCE UNIT worth?
- The remaining production from CANNON-CHANCE UNIT is estimated to be worth about $99K in total as of 27 August 2026, within a range of $78K to $121K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CANNON-CHANCE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CANNON-CHANCE 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-CHANCE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CANNON-CHANCE UNIT generate in a year?
- CANNON-CHANCE UNIT is forecast to net about $15K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CANNON-CHANCE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rme Petroleum Company |
|---|---|
| Field | Giddings (Buda) |
| County | Brazos County, Texas |
| RRC district | 03 |
| Lease number | 187097 |
| Wellbores | 1 |
| Reported production | 1,515,362 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $99K |
Where CANNON-CHANCE 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.