CY THREE
CY THREE is a Texas gas lease in Fayette County, Railroad Commission district 03, operated by Magnolia Oil & Gas Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2026 to August 2026, totalling 400,267 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $82.5M, with roughly $17.8M expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 79,609 thousand cubic feet a month. Its strongest month on the record we hold was March 2026, at 86,197 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about CY THREE
- Who operates CY THREE?
- CY THREE is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is CY THREE?
- CY THREE is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 301253.
- Is CY THREE still producing?
- CY THREE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CY THREE is August 2026.
- How much has CY THREE produced?
- CY THREE has reported 400,267 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2026 and August 2026, from 1 wellbore.
- How much is CY THREE worth?
- The remaining production from CY THREE is estimated to be worth about $82.5M in total as of 26 August 2026, within a range of $67.7M to $97.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CY THREE is a fraction of it. The estimate fits an Arps decline curve to the production CY THREE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CY THREE is an estimate of value, not an offer and not an appraisal.
- How much income does CY THREE generate in a year?
- CY THREE is forecast to net about $17.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CY THREE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magnolia Oil & Gas Operating LLC |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 301253 |
| Wellbores | 1 |
| Reported production | 400,267 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $82.5M |
Where CY THREE sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.