CASTLEWOOD 'C'
CASTLEWOOD 'C' 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 July 2021 to August 2026, totalling 344,694 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 $5.9M, with roughly $1.6M 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 2,240 barrels a month. Its strongest month on the record we hold was August 2021, at 28,012 barrels. 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 CASTLEWOOD 'C'
- Who operates CASTLEWOOD 'C'?
- CASTLEWOOD 'C' is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is CASTLEWOOD 'C'?
- CASTLEWOOD 'C' is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 27975.
- Is CASTLEWOOD 'C' still producing?
- CASTLEWOOD 'C' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CASTLEWOOD 'C' is August 2026.
- How much has CASTLEWOOD 'C' produced?
- CASTLEWOOD 'C' has reported 344,694 barrels of oil (bbl) to the Railroad Commission of Texas between July 2021 and August 2026, from 1 wellbore.
- How much is CASTLEWOOD 'C' worth?
- The remaining production from CASTLEWOOD 'C' is estimated to be worth about $5.9M in total as of 26 August 2026, within a range of $4.9M to $6.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CASTLEWOOD 'C' is a fraction of it. The estimate fits an Arps decline curve to the production CASTLEWOOD 'C' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CASTLEWOOD 'C' is an estimate of value, not an offer and not an appraisal.
- How much income does CASTLEWOOD 'C' generate in a year?
- CASTLEWOOD 'C' is forecast to net about $1.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CASTLEWOOD 'C' 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 | Lee County, Texas |
| RRC district | 03 |
| Lease number | 27975 |
| Wellbores | 1 |
| Reported production | 344,694 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.9M |
Where CASTLEWOOD 'C' 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.