CASCADES THREE
RRC oil lease 28230, district 03 · GIDDINGS (AUSTIN CHALK-3) field · Lee County · operated by MAGNOLIA OIL & GAS OPERATING LLC
CASCADES THREE at a glance
Oil output in Mar 2026–May 2026 was down 60% from the same three months a year earlier. Over the last 12 months it reported 201,289 BBL of oil and 429,009 MCF of gas. In May 2026, the latest month not marked provisional, it reported 11,548 BBL and 40,452 MCF.
Royalty = (11,548 BBL × $97.31 WTI, Sep 2026, EIA + 40,452 MCF × $2.95 Henry Hub, Sep 2026, EIA) × your decimal. 0.001 is only a placeholder: enter the decimal from your check stub or division order. Gross, before taxes and deductions. Full estimator →
Oil + condensate (BBL per month, last 36 months)
Gas (MCF per month, last 36 months)
Jun 2026 and Jul 2026 are provisional (lighter bars) and usually rise as late reports arrive.
CASCADES THREE production history in brief
By oil-equivalent volume over the last 12 months, CASCADES THREE ranks #6 of 941 reporting leases in Lee County. It reported production in 16 of the 34 non-provisional months shown, starting in our window in Feb 2025. Its peak oil month in that window was Mar 2025 at 35,044 BBL. The lease is in the GIDDINGS (AUSTIN CHALK-3) field and is operated by MAGNOLIA OIL & GAS OPERATING LLC; production is reported for the lease as a whole, not per well.
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New permits nearby
New drilling permits issued this month in Lee County. RRC production data has no lease coordinates, so we match by county.
| Issued | Operator | Lease | Well | Depth (ft) |
|---|---|---|---|---|
| 2026-10-05 | SAGE NATURAL RESOURCES LLC | PEDRO WEST EF | 1H | 9,000 |
Monthly production
| Month | Oil (BBL) | Gas (MCF) |
|---|---|---|
| Jul 2026 (provisional) | 9,593 | 38,441 |
| Jun 2026 (provisional) | 9,956 | 37,848 |
| May 2026 | 11,548 | 40,452 |
| Apr 2026 | 12,843 | 38,285 |
| Mar 2026 | 12,564 | 35,356 |
| Feb 2026 | 15,274 | 40,504 |
| Jan 2026 | 17,402 | 36,398 |
| Dec 2025 | 19,546 | 34,993 |
| Nov 2025 | 20,911 | 31,452 |
| Oct 2025 | 22,701 | 30,711 |
| Sep 2025 | 24,332 | 31,198 |
| Aug 2025 | 24,619 | 33,371 |
| Jul 2025 | 26,792 | 37,544 |
| Jun 2025 | 24,620 | 31,115 |
| May 2025 | 27,032 | 33,819 |
| Apr 2025 | 30,594 | 36,837 |
| Mar 2025 | 35,044 | 41,990 |
| Feb 2025 | 20,192 | 25,233 |
Check these figures in the RRC Production Data Query (Specific Lease Query: district 03, lease 28230). Production is reported per lease, so a lease with several wells is not split by well.
Source: Texas Railroad Commission (data sets, Production Data Query). Data date: RRC Production Data Query dump, extract dated Sep 18, 2026; production through Jul 2026. Jun 2026 and Jul 2026 are provisional: operators file late and amend, so these months usually rise in later releases. Oil = crude oil + condensate (BBL); gas = gas-well gas + casinghead gas (MCF), as reported to RRC. Methodology.