CANNAE
CANNAE is a Texas oil lease in Robertson County, Railroad Commission district 03, operated by King Operating Corporation. It has 1 wellbore on file with the Commission. Reported production runs from May 1999 to August 2026, totalling 86,661 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 $159K, with roughly $31K 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 47 barrels a month. Its strongest month on the record we hold was September 2016, at 315 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 CANNAE
- Who operates CANNAE?
- CANNAE is operated by King Operating Corporation, Railroad Commission of Texas operator number 465296.
- Where is CANNAE?
- CANNAE is a Texas oil lease in Robertson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23723.
- Is CANNAE still producing?
- CANNAE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CANNAE is August 2026.
- How much has CANNAE produced?
- CANNAE has reported 86,661 barrels of oil (bbl) to the Railroad Commission of Texas between May 1999 and August 2026, from 1 wellbore.
- How much is CANNAE worth?
- The remaining production from CANNAE is estimated to be worth about $159K in total as of 26 August 2026, within a range of $88K to $231K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CANNAE is a fraction of it. The estimate fits an Arps decline curve to the production CANNAE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CANNAE is an estimate of value, not an offer and not an appraisal.
- How much income does CANNAE generate in a year?
- CANNAE is forecast to net about $31K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CANNAE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | King Operating Corporation |
|---|---|
| Field | Giddings (Buda) |
| County | Robertson County, Texas |
| RRC district | 03 |
| Lease number | 23723 |
| Wellbores | 1 |
| Reported production | 86,661 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $159K |
Where CANNAE 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.