GATLIN 3
GATLIN 3 is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Le Norman Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2018 to August 2026, totalling 798,362 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 $447K, with roughly $135K 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 3,641 thousand cubic feet a month. Its strongest month on the record we hold was January 2019, at 42,908 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 GATLIN 3
- Who operates GATLIN 3?
- GATLIN 3 is operated by Le Norman Operating LLC, Railroad Commission of Texas operator number 491579.
- Where is GATLIN 3?
- GATLIN 3 is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 286193.
- Is GATLIN 3 still producing?
- GATLIN 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GATLIN 3 is August 2026.
- How much has GATLIN 3 produced?
- GATLIN 3 has reported 798,362 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2018 and August 2026, from 1 wellbore.
- How much is GATLIN 3 worth?
- The remaining production from GATLIN 3 is estimated to be worth about $447K in total as of 27 August 2026, within a range of $371K to $523K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GATLIN 3 is a fraction of it. The estimate fits an Arps decline curve to the production GATLIN 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GATLIN 3 is an estimate of value, not an offer and not an appraisal.
- How much income does GATLIN 3 generate in a year?
- GATLIN 3 is forecast to net about $135K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GATLIN 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Le Norman Operating LLC |
|---|---|
| Field | Hemphill (Douglas) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 286193 |
| Wellbores | 1 |
| Reported production | 798,362 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $447K |
Where GATLIN 3 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.