MARCUS THREE
MARCUS 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 December 2024 to August 2026, totalling 3,984,131 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 $10.7M, with roughly $6.0M 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 211,122 thousand cubic feet a month. Its strongest month on the record we hold was January 2025, at 314,959 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 MARCUS THREE
- Who operates MARCUS THREE?
- MARCUS THREE is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is MARCUS THREE?
- MARCUS THREE is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 300079.
- Is MARCUS THREE still producing?
- MARCUS THREE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARCUS THREE is August 2026.
- How much has MARCUS THREE produced?
- MARCUS THREE has reported 3,984,131 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2024 and August 2026, from 1 wellbore.
- How much is MARCUS THREE worth?
- The remaining production from MARCUS THREE is estimated to be worth about $10.7M in total as of 27 August 2026, within a range of $8.8M to $12.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARCUS THREE is a fraction of it. The estimate fits an Arps decline curve to the production MARCUS THREE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARCUS THREE is an estimate of value, not an offer and not an appraisal.
- How much income does MARCUS THREE generate in a year?
- MARCUS THREE is forecast to net about $6.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MARCUS 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, Gas) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 300079 |
| Wellbores | 1 |
| Reported production | 3,984,131 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.7M |
Where MARCUS 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.