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Texas oil lease

Producing

THUNDERCREEK FOUR

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

1 well

139,995bbl oil, last 12 months−50% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-28190

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
423,201 mcf
Oil in Jul 2026
8,332 bbl

Production by month

Oil output fell 50% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 50% over the last 12 monthsMonthly oil production and gas for THUNDERCREEK FOUR, May 2024 to Jul 2026. Oil output fell 50% over the last 12 months. 139,995 bbl in the 12 months through Jul 2026, against 280,133 bbl in the 12 months before.Last 12 months: 139,995 bblbbl per monthmcf per month0010k25k20k50k30k75k40k100k50k125kJul 24OctJan 25AprJulOctJan 26AprJul
Oil output fell 50% over the last 12 monthsMonthly oil production and gas for THUNDERCREEK FOUR, May 2024 to Jul 2026. Oil output fell 50% over the last 12 months. 139,995 bbl in the 12 months through Jul 2026, against 280,133 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k25k20k50k30k75k40k100k50k125kJul 24Jan 25JulJan 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 THUNDERCREEK FOUR gas by disposition code each month, May 2024 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%Jul 24OctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a transmission line in the last 12 monthsShare of THUNDERCREEK FOUR gas by disposition code each month, May 2024 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 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    100% · 421,426 mcf

  • Flared (4)

    0.3% · 1,326 mcf

  • Lease fuel (1)

    0.1% · 449 mcf

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

1 well on this lease

Wells on THUNDERCREEK FOUR
API numberWell no.Status
42-287-32786H 04CTActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Energy Trans Crude Marketing LLCOilGathers40May 23, 2024
Enterprise Crude Oil LLCOilGathers30May 23, 2024
Shell Trading (Us) CompanyOilGathers30May 23, 2024
Et Gathering & Processing LLCCasinghead gasBuys100May 23, 2024
Energy Transfer CompanyCasinghead gasGathers100May 23, 2024

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

Who buys my oilOil price check

1,069.62 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Check your decimal on this lease
Permits for Thundercreek Four
API numberWell no.Acreson the permit
42-287-32786H 04CT1,069.62

SourceRailroad Commission drilling permits, Oct 3, 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

27 months, newest first

Ledger for THUNDERCREEK FOUR
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20268,3328,27631,71131,60356$80.46$2.89
Jun 20268,6138,67431,61231,50558$84.81$3.15
May 20269,4029,42433,18533,11966$102.13$2.94
Apr 202610,18310,17034,11934,00253$100.32$2.77
Mar 20269,5589,65332,56632,425141$91.38$3.04
Feb 202610,54610,41235,25135,14972$64.51$3.62
Jan 202612,29312,38738,92238,768150$60.04$7.72
Dec 202512,56512,54939,05838,867166$57.97$4.26
Nov 202513,94913,95938,53338,213212$60.06$3.79
Oct 202514,28614,41235,63535,429165$60.89$3.19
Sep 202514,59414,52534,84934,71574$63.96$2.97
Aug 202515,67415,51037,76037,631113$64.86$2.91
Jul 202516,40216,45638,17738,03880$68.39$3.20
Jun 202516,11516,11336,56436,39594$68.17$3.02
May 202518,27318,45640,89639,977226$62.17$3.12
Apr 202518,58018,31542,45542,220171$63.54$3.42
Mar 202520,53920,73746,91446,649198$68.24$4.12
Feb 202518,09118,30451,34151,158100$71.53$4.19
Jan 202520,98620,87260,85660,544175$75.74$4.13
Dec 202424,72724,67263,74663,470128$70.12$3.01
Nov 202427,35927,59368,15667,899125$69.95$2.12
Oct 202430,15229,86975,40675,4060$71.99$2.20
Sep 202433,06533,28585,46385,196164$70.24$2.28
Aug 202435,84435,70197,15796,843216$76.68$1.99
Jul 202437,68537,501105,077104,815145$81.80$2.07
Jun 202430,85330,74086,31286,3075$79.77$2.54
May 20242,9282,84110,67510,6750$80.02$2.12

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

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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