JOE THREE
JOE THREE is a Texas oil lease in Lee 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 June 2024 to August 2026, totalling 211,739 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $117K, with roughly $69K expected over the next twelve months.
| Operator | Magnolia Oil & Gas Operating Llc |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 28205 |
| Wellbores | 1 |
| Reported production | 211,739 bbl |
| First reported | June 2024 |
| Last reported | August 2026 |
| Estimated royalty value | $117K |
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.