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Texas oil lease

Producing

CASCADES FIVE

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

1 well

199,584bbl oil, last 12 months
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-28228

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
484,885 mcf
Oil in Jul 2026
10,952 bbl

Production by month

Oil output fell 63% since Feb 2025

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 63% since Feb 2025Monthly oil production and gas for CASCADES FIVE, Feb 2025 to Jul 2026. Oil output fell 63% since Feb 2025. Monthly average of 11,786 bbl in the latest 3 months, against 31,727 bbl in the first 3.Last 12 months: 199,584 bblbbl per monthmcf per month0010k20k20k40k30k60k40k80kApr 25JulOctJan 26AprJul
Oil output fell 63% since Feb 2025Monthly oil production and gas for CASCADES FIVE, Feb 2025 to Jul 2026. Oil output fell 63% since Feb 2025. Monthly average of 11,786 bbl in the latest 3 months, against 31,727 bbl in the first 3.Last 12 monthsbbl per monthmcf per month0010k20k20k40k30k60k40k80kJul 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 FIVE 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 FIVE 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% · 482,980 mcf

  • Flared (4)

    0.3% · 1,403 mcf

  • Lease fuel (1)

    0.1% · 502 mcf

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

1 well on this lease

Wells on CASCADES FIVE
API numberWell no.Status
42-287-32795H 05CTShut-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

1,531.30 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 Cascades Five
API numberWell no.Acreson the permit
42-287-32795H 05CT1,531.30

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

18 months, newest first

Ledger for CASCADES FIVE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202610,95210,85852,16651,98991$80.46$2.89
Jun 202611,29411,38848,28948,12688$84.81$3.15
May 202613,11213,14849,97049,870100$102.13$2.94
Apr 202614,32314,29345,71545,56070$100.32$2.77
Mar 202613,10913,29941,82941,648181$91.38$3.04
Feb 202616,88816,65848,47348,33498$64.51$3.62
Jan 202618,05918,18839,98139,822154$60.04$7.72
Dec 202518,15218,11532,79432,634139$57.97$4.26
Nov 202519,21819,24431,66831,405174$60.06$3.79
Oct 202520,47020,64631,46731,285146$60.89$3.19
Sep 202520,72520,64429,29929,18762$63.96$2.97
Aug 202523,28223,05933,23433,120100$64.86$2.91
Jul 202528,01428,12237,69437,55779$68.39$3.20
Jun 202529,65929,65740,81040,622104$68.17$3.02
May 202533,97034,28645,24644,229250$62.17$3.12
Apr 202532,57132,11841,52441,294167$63.54$3.42
Mar 202538,25738,48948,17247,900203$68.24$4.12
Feb 202524,35323,98229,80829,70258$71.53$4.19

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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