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Texas gas well

Producing

CANNON-CHANCE UNIT

Cannon-Chance Unit is a gas well in Brazos County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Buda) field.

1 well

7,057mcf gas, last 12 months−16% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Brazos County
Field
Giddings (Buda)
RRC lease
03-187097

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Where it sits

This county

Brazos CountyBrazosWalkerFallsMadisonBurlesonLeeRobertsonGrimesMilamBrazos County
Brazos County
Gas in Jul 2026
115 mcf
Reporting since
Jan 2020

Checks stopped on this lease?

  • Sales

    Sales over the last 3 months fell to 20% of the 9 months before.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Gas output fell 16% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 16% over the last 12 monthsMonthly gas production and oil for CANNON-CHANCE UNIT, Aug 2023 to Jul 2026. Gas output fell 16% over the last 12 months. 7,057 mcf in the 12 months through Jul 2026, against 8,417 mcf in the 12 months before.Last 12 months: 7,057 mcfmcf per monthbbl per month0050011,00021,50032,0004Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 16% over the last 12 monthsMonthly gas production and oil for CANNON-CHANCE UNIT, Aug 2023 to Jul 2026. Gas output fell 16% over the last 12 months. 7,057 mcf in the 12 months through Jul 2026, against 8,417 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month0050011,00021,50032,0004Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the last 12 months

All of the gas went to a transmission line in the last 12 monthsShare of CANNON-CHANCE UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the last 12 monthsShare of CANNON-CHANCE UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on CANNON-CHANCE UNIT
API numberWell no.Status
42-041-317411REActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer Marketing & TermCondensateGathers100Dec 1, 2022–
Magnolia Oil & Gas Operating LLCGas-well gasBuys100Sep 1, 2018–
Energy Transfer CompanyGas-well gasGathers100Aug 1, 2007–
Sunoco Ptnrs. Mktg.&terminals LPCondensateGathers100Dec 1, 2013Dec 1, 2022

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

637.07 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Check your decimal on this lease
Permits for Cannon-Chance Unit
API numberWell no.Acreson the permit
42-041-317411RE637.07

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

What Magnolia Oil & Gas Corporation told investors it received

Magnolia Oil & Gas Operating LLC is linked to Magnolia Oil & Gas Corporation (MGY).
Realized prices reported by Magnolia Oil & Gas Corporation
QuarterOil$ per bblFiling
Q2 2026$98.13SEC filing
Q1 2026$70.29SEC filing
Q3 2025$63.55SEC filing
Q2 2025$62.20SEC filing
Q1 2025$69.81SEC filing
Q3 2024$74.23SEC filing

SourceMagnolia Oil & Gas Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for CANNON-CHANCE UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026001151150$80.46$2.89
Jun 2026001421420$84.81$3.15
May 2026001741740$102.13$2.94
Apr 2026004084080$100.32$2.77
Mar 2026004814810$91.38$3.04
Feb 2026004894890$64.51$3.62
Jan 2026006396390$60.04$7.72
Dec 2025006966960$57.97$4.26
Nov 2025007427420$60.06$3.79
Oct 2025007837830$60.89$3.19
Sep 2025001,5991,5990$63.96$2.97
Aug 2025007897890$64.86$2.91
Jul 2025098008000$68.39$3.20
Jun 2025007567560$68.17$3.02
May 2025007987980$62.17$3.12
Apr 2025007607600$63.54$3.42
Mar 2025107387380$68.24$4.12
Feb 2025006336330$71.53$4.19
Jan 2025007157150$75.74$4.13
Dec 2024007227220$70.12$3.01
Nov 2024006766760$69.95$2.12
Oct 2024006136130$71.99$2.20
Sep 2024005815810$70.24$2.28
Aug 2024006256250$76.68$1.99
Jul 2024006276270$81.80$2.07
Jun 2024006196190$79.77$2.54
May 2024006506500$80.02$2.12
Apr 2024006776770$85.35$1.60
Mar 2024117447440$81.28$1.49
Feb 202411637097090$77.25$1.72
Jan 2024307507500$74.15$3.18
Dec 2023007327320$71.90$2.52
Nov 2023007607600$77.69$2.71
Oct 2023208848840$85.64$2.98
Sep 2023008998990$89.43$2.64
Aug 2023001,0041,0040$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldGiddings (Buda)CountyBrazos County

Magnolia Oil & Gas Operating LLC in Brazos County

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