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Texas oil lease

Producing

CANON

Canon is an oil lease in Midland County, Texas, operated by Apache Corporation in the Spraberry (Trend Area) field.

4 wells

2,656bbl oil, last 12 months−27% vs prior year
Operator
Apache Corporation
County
Midland County
Field
Spraberry (Trend Area)
RRC lease
08-36385

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Where it sits

This county

Midland CountyMidlandMartinAndrewsGlasscockHowardEctorMidland County
Midland County
Gas, last 12 months
2,528 mcf
Oil in Jul 2026
0 bbl

Production by month

Oil output fell 27% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for CANON, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 2,656 bbl in the 12 months through Jul 2026, against 3,659 bbl in the 12 months before.Last 12 months: 2,656 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for CANON, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 2,656 bbl in the 12 months through Jul 2026, against 3,659 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since May 2026 the lease's gas goes to a processing plant instead of a transmission line

Flaring peaked at 14.3% of the gas in Apr 2026.

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since May 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of CANON gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 14.3% of the gas in Apr 2026.Share of the lease’s gas by disposition code, per month0%50%100%May 2026: line to plantFlared 14.3%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since May 2026 the lease's gas goes to a processing plant instead of a transmission lineShare of CANON gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2026 the lease's gas goes to a processing plant instead of a transmission line. Flaring peaked at 14.3% of the gas in Apr 2026.Share of gas by disposition code0%50%100%May 26: line to plantFlared 14.3%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    51% · 2,202 mcf

  • Processing plant (3)

    49% · 2,125 mcf

  • Flared (4)

    0.1% · 5 mcf

  • Lease fuel (1)

    0.0% · 1 mcf

0.1% of the gas flared in the last 12 months. One month above 3%.

Who has run this lease

The operator changed once, most recently in Feb 2024

Operators of this lease over timeLegacy Reserves Operating LP, Jan 2020 to Jan 2024; Apache Corporation, Feb 2024 to Jul 20262020202120222023202420252026Changed Feb 2024Legacy Reserves Operating LPJan 2020 to Jan 2024Apache CorporationFeb 2024 to now
Operators of this lease over timeLegacy Reserves Operating LP, Jan 2020 to Jan 2024; Apache Corporation, Feb 2024 to Jul 20262020202120222023202420252026Changed Feb 2024Legacy Reserves Operating LPJan 2020 to Jan 2024Apache CorporationFeb 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

4 wells on this lease

Wells on CANON
API numberWell no.Status
42-329-012171Shut-in
42-329-349932Shut-in
42-329-373433Active
42-329-375844Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dorado Oil CompanyOilGathers100Jun 1, 2020–
Dcp Operating Company, LPCasinghead gasBuys100Feb 1, 2018–
Dcp Operating Company, LPCasinghead gasGathers100Feb 1, 2018–
Enterprise Crude Oil LLCOilGathers100Sep 1, 2017Jun 1, 2020

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

Who buys my oilOil price check

160.47 acres on the newest permit

Permits for Canon
API numberWell no.Acreson the permit
42-329-375844160.47
42-329-373433160.47
42-329-349932160.47
42-329-012171160

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

Unit decimal checker

What APA Corporation told investors it received

Apache Corporation is linked to APA Corporation (APA).
Realized prices reported by APA Corporation
QuarterOil$ per bblFiling
Q2 2026$98.24SEC filing
Q1 2026$78.69SEC filing
Q4 2025$61.03SEC filing
Q3 2025$67.43SEC filing
Q2 2025$65.58SEC filing
Q1 2025$73.73SEC filing

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

Estimate your royalty

36 months, newest first

Ledger for CANON
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Apache Corporation00000$80.46$2.89
Jun 2026Apache Corporation00000$84.81$3.15
May 2026Apache Corporation66220$102.13$2.94
Apr 2026Apache Corporation3536761$100.32$2.77
Mar 2026Apache Corporation828185850$91.38$3.04
Feb 2026Apache Corporation17201111110$64.51$3.62
Jan 2026Apache Corporation1571581781780$60.04$7.72
Dec 2025Apache Corporation1322322122120$57.97$4.26
Nov 2025Apache Corporation3313343123120$60.06$3.79
Oct 2025Apache Corporation8878886116091$60.89$3.19
Sep 2025Apache Corporation5215195455441$63.96$2.97
Aug 2025Apache Corporation4885034654650$64.86$2.91
Jul 2025Apache Corporation1,6461,6904554541$68.39$3.20
Jun 2025Apache Corporation1,0259701,3501,3491$68.17$3.02
May 2025Apache Corporation2282362972970$62.17$3.12
Apr 2025Apache Corporation25725876760$63.54$3.42
Mar 2025Apache Corporation50338461610$68.24$4.12
Feb 2025Apache Corporation00000$71.53$4.19
Jan 2025Apache Corporation00000$75.74$4.13
Dec 2024Apache Corporation00000$70.12$3.01
Nov 2024Apache Corporation00000$69.95$2.12
Oct 2024Apache Corporation00000$71.99$2.20
Sep 2024Apache Corporation00000$70.24$2.28
Aug 2024Apache Corporation00000$76.68$1.99
Jul 2024Apache Corporation0135000$81.80$2.07
Jun 2024Apache Corporation1221932852850$79.77$2.54
May 2024Apache Corporation3644812292290$80.02$2.12
Apr 2024Apache Corporation177051510$85.35$1.60
Mar 2024Apache Corporation9017348480$81.28$1.49
Feb 2024Apache Corporation115057570$77.25$1.72
Jan 2024Legacy Reserves2443591731730$74.15$3.18
Dec 2023Legacy Reserves2733572952950$71.90$2.52
Nov 2023Legacy Reserves1,1261,0387097090$77.69$2.71
Oct 2023Legacy Reserves2391871371370$85.64$2.98
Sep 2023Legacy Reserves2813701561560$89.43$2.64
Aug 2023Legacy Reserves3221762002000$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

OperatorApache CorporationFieldSpraberry (Trend Area)CountyMidland County

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