PRESERVE HILLS
PRESERVE HILLS 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 2,894,964 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 $1.7M, with roughly $1.3M 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 37,504 thousand cubic feet a month. Its strongest month on the record we hold was April 2024, at 272,445 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 HILLS
- Who operates PRESERVE HILLS?
- PRESERVE HILLS is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is PRESERVE HILLS?
- PRESERVE HILLS is a Texas gas lease in Washington County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 297840.
- Is PRESERVE HILLS still producing?
- PRESERVE HILLS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESERVE HILLS is August 2026.
- How much has PRESERVE HILLS produced?
- PRESERVE HILLS has reported 2,894,964 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 HILLS worth?
- The remaining production from PRESERVE HILLS is estimated to be worth about $1.7M in total as of 27 August 2026, within a range of $1.4M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESERVE HILLS is a fraction of it. The estimate fits an Arps decline curve to the production PRESERVE HILLS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESERVE HILLS is an estimate of value, not an offer and not an appraisal.
- How much income does PRESERVE HILLS generate in a year?
- PRESERVE HILLS is forecast to net about $1.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PRESERVE HILLS 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 | 297840 |
| Wellbores | 1 |
| Reported production | 2,894,964 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where PRESERVE HILLS 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.