PRESERVE CASTLE
PRESERVE CASTLE 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 February 2024 to August 2026, totalling 2,992,394 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 $13.1M, with roughly $3.9M 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 63,241 thousand cubic feet a month. Its strongest month on the record we hold was April 2024, at 249,928 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 PRESERVE CASTLE
- Who operates PRESERVE CASTLE?
- PRESERVE CASTLE is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is PRESERVE CASTLE?
- PRESERVE CASTLE is a Texas gas lease in Washington County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 297839.
- Is PRESERVE CASTLE still producing?
- PRESERVE CASTLE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESERVE CASTLE is August 2026.
- How much has PRESERVE CASTLE produced?
- PRESERVE CASTLE has reported 2,992,394 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2024 and August 2026, from 1 wellbore.
- How much is PRESERVE CASTLE worth?
- The remaining production from PRESERVE CASTLE is estimated to be worth about $13.1M in total as of 27 August 2026, within a range of $10.7M to $15.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESERVE CASTLE is a fraction of it. The estimate fits an Arps decline curve to the production PRESERVE CASTLE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESERVE CASTLE is an estimate of value, not an offer and not an appraisal.
- How much income does PRESERVE CASTLE generate in a year?
- PRESERVE CASTLE is forecast to net about $3.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PRESERVE CASTLE 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 | Washington County, Texas |
| RRC district | 03 |
| Lease number | 297839 |
| Wellbores | 1 |
| Reported production | 2,992,394 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $13.1M |
Where PRESERVE CASTLE 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.