BALDWIN THREE
BALDWIN THREE is a Texas gas lease in Washington 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 2025 to August 2026, totalling 766,091 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 $3.9M, with roughly $3.1M 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 72,093 thousand cubic feet a month. Its strongest month on the record we hold was August 2025, at 107,509 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 BALDWIN THREE
- Who operates BALDWIN THREE?
- BALDWIN THREE is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is BALDWIN THREE?
- BALDWIN THREE is a Texas gas lease in Washington County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 300782.
- Is BALDWIN THREE still producing?
- BALDWIN THREE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BALDWIN THREE is August 2026.
- How much has BALDWIN THREE produced?
- BALDWIN THREE has reported 766,091 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2025 and August 2026, from 1 wellbore.
- How much is BALDWIN THREE worth?
- The remaining production from BALDWIN THREE is estimated to be worth about $3.9M in total as of 27 August 2026, within a range of $3.2M to $4.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BALDWIN THREE is a fraction of it. The estimate fits an Arps decline curve to the production BALDWIN THREE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BALDWIN THREE is an estimate of value, not an offer and not an appraisal.
- How much income does BALDWIN THREE generate in a year?
- BALDWIN THREE is forecast to net about $3.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BALDWIN 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-3) |
| County | Washington County, Texas |
| RRC district | 03 |
| Lease number | 300782 |
| Wellbores | 1 |
| Reported production | 766,091 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.9M |
Where BALDWIN 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.