This week in Canton history... Posted in: Columns Royalty was reported going at $500 per acre Wednesday around Canton Smackover discovery in prospect in the showing of C. M. Gage No. 1 exploration being drilled by Pan-American Petroleum Corp. and Skelly Oil Co. four miles southwest of Canton. Trading has been light with little being offered for sale in ...PLEASE LOG IN FOR PREMIUM CONTENT. Our website requires visitors to log in to view the best local news. Not yet a subscriber? Subscribe today!