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Texas oil lease

Producing

CANNON UNIT

Cannon Unit is an oil lease in Karnes County, Texas, operated by Murphy Expl. & Prod. Co. - USA in the Eagleville (Eagle Ford-2) field.

5 wells

37,135bbl oil, last 12 months−2% vs prior year
RRC lease
02-09607

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Where it sits

This county

Karnes CountyKarnesAtascosaGoliadWilsonGonzalesDe WittBexarKarnes County
Karnes County
Gas, last 12 months
46,295 mcf
Oil in Jul 2026
3,632 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for CANNON UNIT, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 37,135 bbl in the 12 months through Jul 2026, against 37,805 bbl in the 12 months before.Last 12 months: 37,135 bblbbl per monthmcf per month002,0002,5004,0005,0006,0007,5008,00010k10k12.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for CANNON UNIT, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 37,135 bbl in the 12 months through Jul 2026, against 37,805 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0002,5004,0005,0006,0007,5008,00010k10k12.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Feb 2026 the lease's gas goes to a transmission line instead of lease fuel

Flaring peaked at 20.8% of the gas in May 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Feb 2026 the lease's gas goes to a transmission line instead of lease fuelShare of CANNON UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 20.8% of the gas in May 2025.Share of the lease’s gas by disposition code, per month0%50%100%Feb 2026: fuel to lineFlared 20.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Feb 2026 the lease's gas goes to a transmission line instead of lease fuelShare of CANNON UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Feb 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 20.8% of the gas in May 2025.Share of gas by disposition code0%50%100%Feb 26: fuel to lineFlared 20.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    59% · 27,488 mcf

  • Lease fuel (1)

    38% · 17,673 mcf

  • Flared (4)

    2.4% · 1,134 mcf

2.4% of the gas flared in the last 12 months. 27 months above 3%.

5 wells on this lease

Wells on CANNON UNIT
API numberWell no.Status
42-255-318161HActive
42-255-340712HActive
42-255-340723HActive
42-255-340734HActive
42-255-340745HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Flint Hills Resources, LPOilGathers17Jul 1, 2023–
Harvest Midstream CompanyOilGathers17Jul 1, 2023–
Mv Purchasing, LLCOilGathers17Jul 1, 2023–
Phillips 66 CompanyOilGathers17Jul 1, 2023–
Eastex Crude Company, LLCOilGathers16Jul 1, 2023–
Shell Trading (Us) CompanyOilGathers16Jul 1, 2023–
Dcp Operating Company, LPCasinghead gasBuys100Jul 1, 2023–
Dcp Operating Company, LPCasinghead gasGathers100Jul 1, 2023–
Bp Products North America Inc.OilGathers9Aug 1, 2014Jul 1, 2023
Calumet San Antonio Refining,llcOilGathers9Feb 1, 2015Jul 1, 2023
Citgo Pipeline CompanyOilGathers9Aug 1, 2014Jul 1, 2023
Eastex Crude CompanyOilGathers9Aug 1, 2014Jul 1, 2023
Enterprise Crude Oil LLCOilGathers9Aug 1, 2014Jul 1, 2023
Flint Hills Resources, LPOilGathers9Aug 1, 2014Jul 1, 2023

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

319.90 acres on the newest permit

Permits for Cannon Unit
API numberWell no.Acreson the permit
42-255-340712H319.90
42-255-340723H319.90
42-255-340734H319.90
42-255-340745H319.90
42-255-318161H308.81

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

What Murphy Oil Corporation told investors it received

Murphy Expl. & Prod. Co. - USA is linked to Murphy Oil Corporation (MUR).
Realized prices reported by Murphy Oil Corporation
QuarterOil$ per bblFiling
Q1 2026–SEC filing
Q3 2025–SEC filing
Q2 2025–SEC filing
Q1 2025–SEC filing
Q3 2024–SEC filing

SourceMurphy Oil Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for CANNON UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,6323,6575,0382,641223$80.46$2.89
Jun 20262,6842,6474,6982,540225$84.81$3.15
May 20262,8963,0234,1262,478147$102.13$2.94
Apr 20264,0443,8994,2552,61898$100.32$2.77
Mar 20267,6307,6424,2722,75870$91.38$3.04
Feb 20262,6672,7593,2202,15960$64.51$3.62
Jan 20262,3472,2942,6961,32617$60.04$7.72
Dec 20252,6442,6363,3811,9042$57.97$4.26
Nov 20253,4113,4464,0202,29011$60.06$3.79
Oct 20251,7181,6403,1672,02430$60.89$3.19
Sep 20251,6901,7323,4852,34329$63.96$2.97
Aug 20251,7721,8003,9372,407222$64.86$2.91
Jul 20252,3042,2495,4743,349398$68.39$3.20
Jun 20252,5052,6185,9283,336754$68.17$3.02
May 20253,2423,3276,5613,3441,362$62.17$3.12
Apr 20253,0082,9872,8042,243124$63.54$3.42
Mar 20253,2743,2782,0501,831219$68.24$4.12
Feb 20253,2143,1291,5951,51481$71.53$4.19
Jan 20252,7122,6782,2451,34453$75.74$4.13
Dec 20243,6803,7072,6091,445107$70.12$3.01
Nov 20243,9513,8975,1912,080653$69.95$2.12
Oct 20243,7723,8422,5501,53692$71.99$2.20
Sep 20242,8122,9002,2051,40073$70.24$2.28
Aug 20243,3313,2292,4851,535194$76.68$1.99
Jul 20243,1123,0952,6981,629163$81.80$2.07
Jun 20242,9442,9712,7171,592210$79.77$2.54
May 20243,1543,1502,7341,406393$80.02$2.12
Apr 20242,9112,8913,1801,902125$85.35$1.60
Mar 20243,2103,1893,4362,100260$81.28$1.49
Feb 20242,9242,9273,0491,840219$77.25$1.72
Jan 20242,7652,7892,3441,39990$74.15$3.18
Dec 20233,7923,78911,4786,775817$71.90$2.52
Nov 20234,1104,11610,3676,098678$77.69$2.71
Oct 20233,9013,8598,9235,832769$85.64$2.98
Sep 20233,2153,2317,3355,442444$89.43$2.64
Aug 20233,5133,5756,6744,702652$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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Nearby

Murphy Expl. & Prod. Co. - USA in Karnes County

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Eagleville (Eagle Ford-2) field

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