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Texas oil lease

Producing

THUNDERCREEK TWO

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

1 well

111,526bbl oil, last 12 months−56% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-28187

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
304,743 mcf
Oil in Jul 2026
7,648 bbl

Production by month

Oil output fell 56% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 56% over the last 12 monthsMonthly oil production and gas for THUNDERCREEK TWO, May 2024 to Jul 2026. Oil output fell 56% over the last 12 months. 111,526 bbl in the 12 months through Jul 2026, against 252,486 bbl in the 12 months before.Last 12 months: 111,526 bblbbl per monthmcf per month0010k25k20k50k30k75k40k100kJul 24OctJan 25AprJulOctJan 26AprJul
Oil output fell 56% over the last 12 monthsMonthly oil production and gas for THUNDERCREEK TWO, May 2024 to Jul 2026. Oil output fell 56% over the last 12 months. 111,526 bbl in the 12 months through Jul 2026, against 252,486 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k25k20k50k30k75k40k100kJul 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 TWO 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 TWO 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% · 303,516 mcf

  • Flared (4)

    0.3% · 909 mcf

  • Lease fuel (1)

    0.1% · 318 mcf

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

1 well on this lease

Wells on THUNDERCREEK TWO
API numberWell no.Status
42-287-32785H 02CTActive

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 Two
API numberWell no.Acreson the permit
42-287-32785H 02CT1,069.62

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 TWO
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20267,6487,59727,99227,89749$80.46$2.89
Jun 20267,8737,93127,05926,96750$84.81$3.15
May 20268,6998,71728,75828,70157$102.13$2.94
Apr 20269,2499,22427,87727,78243$100.32$2.77
Mar 20267,9678,05223,94523,842103$91.38$3.04
Feb 20269,0418,91527,07026,99255$64.51$3.62
Jan 20269,3059,37125,26525,16498$60.04$7.72
Dec 20259,2389,21924,63124,510105$57.97$4.26
Nov 20259,7809,78722,60722,420124$60.06$3.79
Oct 20259,94210,05221,84921,723101$60.89$3.19
Sep 202511,12811,07121,67621,59346$63.96$2.97
Aug 202511,65611,53326,01425,92578$64.86$2.91
Jul 202512,31712,36631,65231,53667$68.39$3.20
Jun 202512,97812,98031,86931,72282$68.17$3.02
May 202515,14715,30835,22034,429194$62.17$3.12
Apr 202515,97115,74436,21836,017146$63.54$3.42
Mar 202517,54117,74140,46340,235170$68.24$4.12
Feb 202518,13918,35939,43239,29177$71.53$4.19
Jan 202521,73521,61849,37349,120142$75.74$4.13
Dec 202423,90023,83447,57147,36595$70.12$3.01
Nov 202425,25625,45557,63757,421105$69.95$2.12
Oct 202426,91826,66861,64161,6410$71.99$2.20
Sep 202430,08830,28769,94669,728134$70.24$2.28
Aug 202432,49632,37975,75075,505168$76.68$1.99
Jul 202435,55735,39490,00889,784124$81.80$2.07
Jun 202431,18631,08680,46180,4565$79.77$2.54
May 20244,3934,29213,61313,6130$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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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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