CANALES
CANALES is a Texas gas lease in Zapata County, Railroad Commission district 04, operated by Transamerican Natural Gas Corp. It has 1 wellbore on file with the Commission. Reported production runs from March 1993 to August 2026, totalling 1,539,829 thousand cubic feet. 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 $208K, with roughly $32K 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 1,424 thousand cubic feet a month. Its strongest month on the record we hold was May 2020, at 2,882 thousand cubic feet. 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 CANALES
- Who operates CANALES?
- CANALES is operated by Transamerican Natural Gas Corp., Railroad Commission of Texas operator number 864424.
- Where is CANALES?
- CANALES is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 144564.
- Is CANALES still producing?
- CANALES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CANALES is August 2026.
- How much has CANALES produced?
- CANALES has reported 1,539,829 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 1993 and August 2026, from 1 wellbore.
- How much is CANALES worth?
- The remaining production from CANALES is estimated to be worth about $208K in total as of 27 August 2026, within a range of $173K to $244K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CANALES is a fraction of it. The estimate fits an Arps decline curve to the production CANALES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CANALES is an estimate of value, not an offer and not an appraisal.
- How much income does CANALES generate in a year?
- CANALES is forecast to net about $32K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CANALES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Transamerican Natural Gas Corp. |
|---|---|
| Field | La Perla Ranch (Lobo 8950) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 144564 |
| Wellbores | 1 |
| Reported production | 1,539,829 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $208K |
Where CANALES 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.