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CANNON MICHAEL

Cannon Michael is an oil lease in Milam County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Eagleford) field.

1 well

10,500bbl oil, last 12 months−17% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Giddings (Eagleford)
RRC lease
03-27820

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County
Gas, last 12 months
9,734 mcf
Oil in Jul 2026
827 bbl

Production by month

Oil output fell 17% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for CANNON MICHAEL, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 10,500 bbl in the 12 months through Jul 2026, against 12,608 bbl in the 12 months before.Last 12 months: 10,500 bblbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for CANNON MICHAEL, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 10,500 bbl in the 12 months through Jul 2026, against 12,608 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

50% of the gas went to flaring in the last 12 months

Flaring peaked at 100.0% of the gas in Nov 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
50% of the gas went to flaring in the last 12 monthsShare of CANNON MICHAEL gas by disposition code each month, Aug 2023 to Jul 2026. 50% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
50% of the gas went to flaring in the last 12 monthsShare of CANNON MICHAEL gas by disposition code each month, Aug 2023 to Jul 2026. 50% of the gas went to flaring in the last 12 months. Flaring peaked at 100.0% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Flared (4)

    50% · 4,845 mcf

  • Transmission line (2)

    49% · 4,800 mcf

  • Lease fuel (1)

    0.9% · 89 mcf

49.8% of the gas flared in the last 12 months. 35 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Dec 2023

Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Mar 2021 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 202620222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, L…Mar 2021 to Nov 2021LRR Pecos Valley, LLCDec 2021 to Nov 2023Magnolia Oil & Gas Operating…Dec 2023 to now
Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Mar 2021 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 202620222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, LLCMar 2021 to Nov 2021LRR Pecos Valley, LLCDec 2021 to Nov 2023Magnolia Oil & Gas Operating LLCDec 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on CANNON MICHAEL
API numberWell no.Status
42-331-350851HEActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers75Jul 1, 2021–
4J Energy, LLCOilGathers25Jul 1, 2021–
Energy Transfer CompanyCasinghead gasBuys100Mar 1, 2021–
Energy Transfer CompanyCasinghead gasGathers100Mar 1, 2021–
4J Energy, LLCOilGathers15Mar 1, 2021Jul 1, 2021
Shell Trading (Us) CompanyOilGathers15Mar 1, 2021Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers70Mar 1, 2021Jul 1, 2021

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

Who buys my oilOil price check

1,384.47 acres on the newest permit

An allocation well is on this lease

Permits for Cannon Michael
API numberWell no.Acreson the permit
42-331-350851HE1,384.47

SourceRailroad Commission drilling permits, Sep 26, 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 MICHAEL
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil82787077572634$80.46$2.89
Jun 2026Magnolia Oil90982897891737$84.81$3.15
May 2026Magnolia Oil66071661757031$102.13$2.94
Apr 2026Magnolia Oil7888096606377$100.32$2.77
Mar 2026Magnolia Oil96996573963982$91.38$3.04
Feb 2026Magnolia Oil81680245722435$64.51$3.62
Jan 2026Magnolia Oil9499266901689$60.04$7.72
Dec 2025Magnolia Oil9059579130913$57.97$4.26
Nov 2025Magnolia Oil9638741,00901,009$60.06$3.79
Oct 2025Magnolia Oil9689811,148256892$60.89$3.19
Sep 2025Magnolia Oil905928817430387$63.96$2.97
Aug 2025Magnolia Oil841803931602329$64.86$2.91
Jul 2025Magnolia Oil9719731,122543466$68.39$3.20
Jun 2025Magnolia Oil8398061,218507581$68.17$3.02
May 2025Magnolia Oil9649761,315637518$62.17$3.12
Apr 2025Magnolia Oil1,1271,1511,096518444$63.54$3.42
Mar 2025Magnolia Oil1,0571,078826397325$68.24$4.12
Feb 2025Magnolia Oil9841,039578246246$71.53$4.19
Jan 2025Magnolia Oil9391,007920418397$75.74$4.13
Dec 2024Magnolia Oil1,4611,3691,169814244$70.12$3.01
Nov 2024Magnolia Oil956899961614250$69.95$2.12
Oct 2024Magnolia Oil1,0071,0321,205743353$71.99$2.20
Sep 2024Magnolia Oil1,1621,1861,581903538$70.24$2.28
Aug 2024Magnolia Oil1,1411,1651,5211,149334$76.68$1.99
Jul 2024Magnolia Oil1,2601,2521,8311,391254$81.80$2.07
Jun 2024Magnolia Oil1,1181,0571,8241,482180$79.77$2.54
May 2024Magnolia Oil1,0851,1161,5851,294156$80.02$2.12
Apr 2024Magnolia Oil1,1651,2021,7051,403167$85.35$1.60
Mar 2024Magnolia Oil1,3531,3541,259529550$81.28$1.49
Feb 2024Magnolia Oil1,5001,50370034666$77.25$1.72
Jan 2024Magnolia Oil1,8271,774835198637$74.15$3.18
Dec 2023Magnolia Oil1,2831,3741,163959204$71.90$2.52
Nov 2023LRR Pecos1,6731,6592,8312,558236$77.69$2.71
Oct 2023LRR Pecos1,9291,9413,7003,298319$85.64$2.98
Sep 2023LRR Pecos630509978712245$89.43$2.64
Aug 2023LRR Pecos1,1691,2091,6731,349291$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldGiddings (Eagleford)CountyMilam County

Magnolia Oil & Gas Operating LLC in Milam County

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Giddings (Eagleford) field

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