TOOTH FOUR
TOOTH FOUR 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 October 2025 to August 2026, totalling 358,832 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 $23.3M, with roughly $4.8M 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 46,004 thousand cubic feet a month. Its strongest month on the record we hold was November 2025, at 58,503 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 TOOTH FOUR
- Who operates TOOTH FOUR?
- TOOTH FOUR is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is TOOTH FOUR?
- TOOTH FOUR is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 301124.
- Is TOOTH FOUR still producing?
- TOOTH FOUR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TOOTH FOUR is August 2026.
- How much has TOOTH FOUR produced?
- TOOTH FOUR has reported 358,832 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2025 and August 2026, from 1 wellbore.
- How much is TOOTH FOUR worth?
- The remaining production from TOOTH FOUR is estimated to be worth about $23.3M in total as of 26 August 2026, within a range of $19.1M to $27.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TOOTH FOUR is a fraction of it. The estimate fits an Arps decline curve to the production TOOTH FOUR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TOOTH FOUR is an estimate of value, not an offer and not an appraisal.
- How much income does TOOTH FOUR generate in a year?
- TOOTH FOUR is forecast to net about $4.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TOOTH 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 | 301124 |
| Wellbores | 1 |
| Reported production | 358,832 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $23.3M |
Where TOOTH 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.