BINION-CANNON
BINION-CANNON is a Texas oil lease in Jack County, Railroad Commission district 09, operated by Bridwell Oil Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 7,482 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 $166K, with roughly $23K 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 7 barrels a month. Its strongest month on the record we hold was July 2021, at 35 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 BINION-CANNON
- Who operates BINION-CANNON?
- BINION-CANNON is operated by Bridwell Oil Co., Railroad Commission of Texas operator number 092480.
- Where is BINION-CANNON?
- BINION-CANNON is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 18811.
- Is BINION-CANNON still producing?
- BINION-CANNON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BINION-CANNON is August 2026.
- How much has BINION-CANNON produced?
- BINION-CANNON has reported 7,482 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BINION-CANNON worth?
- The remaining production from BINION-CANNON is estimated to be worth about $166K in total as of 26 August 2026, within a range of $0 to $332K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BINION-CANNON is a fraction of it. The estimate fits an Arps decline curve to the production BINION-CANNON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BINION-CANNON is an estimate of value, not an offer and not an appraisal.
- How much income does BINION-CANNON generate in a year?
- BINION-CANNON is forecast to net about $23K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BINION-CANNON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bridwell Oil Co. |
|---|---|
| Field | Jack County Regular |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 18811 |
| Wellbores | 1 |
| Reported production | 7,482 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $166K |
Where BINION-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.