CANNONADE SPRINGS UNIT
CANNONADE SPRINGS UNIT is a Texas oil lease in Gonzales County, Railroad Commission district 01, operated by Penn Virginia Oil & Gas, L.P. It has 2 wellbores on file with the Commission. Reported production runs from November 2019 to August 2026, totalling 460,143 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 $4.4M, with roughly $1.4M 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 2,145 barrels a month, about 1,072 per wellbore. Its strongest month on the record we hold was January 2020, at 21,934 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 CANNONADE SPRINGS UNIT
- Who operates CANNONADE SPRINGS UNIT?
- CANNONADE SPRINGS UNIT is operated by Penn Virginia Oil & Gas, L.P., Railroad Commission of Texas operator number 651780.
- Where is CANNONADE SPRINGS UNIT?
- CANNONADE SPRINGS UNIT is a Texas oil lease in Gonzales County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 20065.
- Is CANNONADE SPRINGS UNIT still producing?
- CANNONADE SPRINGS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CANNONADE SPRINGS UNIT is August 2026.
- How much has CANNONADE SPRINGS UNIT produced?
- CANNONADE SPRINGS UNIT has reported 460,143 barrels of oil (bbl) to the Railroad Commission of Texas between November 2019 and August 2026, from 2 wellbores.
- How much is CANNONADE SPRINGS UNIT worth?
- The remaining production from CANNONADE SPRINGS UNIT is estimated to be worth about $4.4M in total as of 27 August 2026, within a range of $3.6M to $5.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CANNONADE SPRINGS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CANNONADE SPRINGS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CANNONADE SPRINGS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CANNONADE SPRINGS UNIT generate in a year?
- CANNONADE SPRINGS UNIT is forecast to net about $1.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CANNONADE SPRINGS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penn Virginia Oil & Gas, L.P. |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Gonzales County, Texas |
| RRC district | 01 |
| Lease number | 20065 |
| Wellbores | 2 |
| Reported production | 460,143 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.4M |
Where CANNONADE SPRINGS 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.