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Texas oil lease

Producing

CASCADES THREE

Cascades Three is an oil lease in Lee County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

1 well

201,289bbl oil, last 12 months
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-28230

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
429,009 mcf
Oil in Jul 2026
9,593 bbl

Production by month

Oil output fell 64% since Feb 2025

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 64% since Feb 2025Monthly oil production and gas for CASCADES THREE, Feb 2025 to Jul 2026. Oil output fell 64% since Feb 2025. Monthly average of 10,366 bbl in the latest 3 months, against 28,610 bbl in the first 3.Last 12 months: 201,289 bblbbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kApr 25JulOctJan 26AprJul
Oil output fell 64% since Feb 2025Monthly oil production and gas for CASCADES THREE, Feb 2025 to Jul 2026. Oil output fell 64% since Feb 2025. Monthly average of 10,366 bbl in the latest 3 months, against 28,610 bbl in the first 3.Last 12 monthsbbl per monthmcf per month0010k10k20k20k30k30k40k40k50k50kJul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Over 99% of the gas went to a transmission line in the last 12 monthsShare of CASCADES THREE gas by disposition code each month, Feb 2025 to Jul 2026. Over 99% of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Apr 25JulOctJan 26AprJul
Over 99% of the gas went to a transmission line in the last 12 monthsShare of CASCADES THREE gas by disposition code each month, Feb 2025 to Jul 2026. Over 99% of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jul 25Jan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    100% · 427,281 mcf

  • Flared (4)

    0.3% · 1,283 mcf

  • Lease fuel (1)

    0.1% · 445 mcf

0.3% of the gas flared in the last 12 months. No month above 3%.

1 well on this lease

Wells on CASCADES THREE
API numberWell no.Status
42-287-32793H 03CTShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers40Feb 9, 2025
Energy Trans Crude Marketing LLCOilGathers30Feb 9, 2025
Enterprise Crude Oil LLCOilGathers30Feb 9, 2025
Et Gathering & Processing LLCCasinghead gasBuys100Feb 9, 2025
Energy Transfer CompanyCasinghead gasGathers100Feb 9, 2025

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

1,311.63 acres on the newest permit

An allocation well is on this lease

Permits for Cascades Three
API numberWell no.Acreson the permit
42-287-32793H 03CT1,311.63

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

What Magnolia Oil & Gas Corporation told investors it received

Magnolia Oil & Gas Operating LLC is linked to Magnolia Oil & Gas Corporation (MGY).
Realized prices reported by Magnolia Oil & Gas Corporation
QuarterOil$ per bblFiling
Q2 2026$98.13SEC filing
Q1 2026$70.29SEC filing
Q3 2025$63.55SEC filing
Q2 2025$62.20SEC filing
Q1 2025$69.81SEC filing
Q3 2024$74.23SEC filing

SourceMagnolia Oil & Gas Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

18 months, newest first

Ledger for CASCADES THREE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20269,5939,51938,44138,31167$80.46$2.89
Jun 20269,95610,03837,84837,72069$84.81$3.15
May 202611,54811,58440,45240,37181$102.13$2.94
Apr 202612,84312,82738,28538,15559$100.32$2.77
Mar 202612,56412,72335,35635,203153$91.38$3.04
Feb 202615,27415,07840,50440,38782$64.51$3.62
Jan 202617,40217,56036,39836,253141$60.04$7.72
Dec 202519,54619,50834,99334,822149$57.97$4.26
Nov 202520,91120,94631,45231,191173$60.06$3.79
Oct 202522,70122,92630,71130,532143$60.89$3.19
Sep 202524,33224,18931,19831,07966$63.96$2.97
Aug 202524,61924,37633,37133,257100$64.86$2.91
Jul 202526,79226,85537,54437,40779$68.39$3.20
Jun 202524,62024,61231,11530,97180$68.17$3.02
May 202527,03227,37233,81933,059187$62.17$3.12
Apr 202530,59430,16336,83736,633148$63.54$3.42
Mar 202535,04435,23841,99041,753177$68.24$4.12
Feb 202520,19219,86125,23325,14349$71.53$4.19

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldGiddings (Austin Chalk-3)CountyLee County

Magnolia Oil & Gas Operating LLC in Lee County

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