ENVY FOUR
ENVY FOUR is a Texas oil 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 September 2025 to August 2026, totalling 153,424 barrels. 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 $50.5M, with roughly $11.1M 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 17,063 barrels a month. Its strongest month on the record we hold was October 2025, at 22,081 barrels. 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 ENVY FOUR
- Who operates ENVY FOUR?
- ENVY FOUR is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is ENVY FOUR?
- ENVY FOUR is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 28276.
- Is ENVY FOUR still producing?
- ENVY FOUR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ENVY FOUR is August 2026.
- How much has ENVY FOUR produced?
- ENVY FOUR has reported 153,424 barrels of oil (bbl) to the Railroad Commission of Texas between September 2025 and August 2026, from 1 wellbore.
- How much is ENVY FOUR worth?
- The remaining production from ENVY FOUR is estimated to be worth about $50.5M in total as of 26 August 2026, within a range of $41.4M to $59.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ENVY FOUR is a fraction of it. The estimate fits an Arps decline curve to the production ENVY FOUR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ENVY FOUR is an estimate of value, not an offer and not an appraisal.
- How much income does ENVY FOUR generate in a year?
- ENVY FOUR is forecast to net about $11.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ENVY FOUR 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 | 28276 |
| Wellbores | 1 |
| Reported production | 153,424 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $50.5M |
Where ENVY FOUR 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.