CANNAN
CANNAN is a Texas oil lease in Dimmit County, Railroad Commission district 01, operated by Patterson Petroleum LP. It has 1 wellbore on file with the Commission. Reported production runs from January 2006 to August 2026, totalling 728,807 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 $6.7M, with roughly $1.5M 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 2,186 barrels a month. Its strongest month on the record we hold was January 2026, at 2,455 barrels. 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 CANNAN
- Who operates CANNAN?
- CANNAN is operated by Patterson Petroleum LP, Railroad Commission of Texas operator number 643435.
- Where is CANNAN?
- CANNAN is a Texas oil lease in Dimmit County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 14695.
- Is CANNAN still producing?
- CANNAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CANNAN is August 2026.
- How much has CANNAN produced?
- CANNAN has reported 728,807 barrels of oil (bbl) to the Railroad Commission of Texas between January 2006 and August 2026, from 1 wellbore.
- How much is CANNAN worth?
- The remaining production from CANNAN is estimated to be worth about $6.7M in total as of 26 August 2026, within a range of $5.5M to $7.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CANNAN is a fraction of it. The estimate fits an Arps decline curve to the production CANNAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CANNAN is an estimate of value, not an offer and not an appraisal.
- How much income does CANNAN generate in a year?
- CANNAN is forecast to net about $1.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CANNAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patterson Petroleum LP |
|---|---|
| Field | Pearsall (Austin Chalk) |
| County | Dimmit County, Texas |
| RRC district | 01 |
| Lease number | 14695 |
| Wellbores | 1 |
| Reported production | 728,807 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.7M |
Where CANNAN 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.