CANNON
CANNON is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Jetta Operating Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2013 to August 2026, totalling 154,225 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 $871K, with roughly $149K 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 174 barrels a month. Its strongest month on the record we hold was May 2017, at 2,072 barrels. 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
- Who operates CANNON?
- CANNON is operated by Jetta Operating Company, Inc., Railroad Commission of Texas operator number 432283.
- Where is CANNON?
- CANNON is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 32422.
- Is CANNON still producing?
- CANNON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CANNON is August 2026.
- How much has CANNON produced?
- CANNON has reported 154,225 barrels of oil (bbl) to the Railroad Commission of Texas between January 2013 and August 2026, from 1 wellbore.
- How much is CANNON worth?
- The remaining production from CANNON is estimated to be worth about $871K in total as of 27 August 2026, within a range of $680K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CANNON is a fraction of it. The estimate fits an Arps decline curve to the production CANNON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CANNON is an estimate of value, not an offer and not an appraisal.
- How much income does CANNON generate in a year?
- CANNON is forecast to net about $149K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CANNON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jetta Operating Company, Inc. |
|---|---|
| Field | Big Mineral Creek (Viola) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 32422 |
| Wellbores | 1 |
| Reported production | 154,225 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $871K |
Where CANNON 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.