LEASES · O-3-27998 · OIL · DISTRICT 03
Creed 1
ReportingMagnolia Oil & Gas Operating LLC · Fayette County · Giddings (Austin Chalk-3) field
Creed 1 is an RRC oil lease (O-3-27998) in Fayette County operated by Magnolia Oil & Gas Operating LLC, with one well completed on it.
It has reported 86K barrels of oil and 681K mcf of gas since March 2022, last reporting volume in April 2026 (statewide data runs through April 2026).
The last 12 reported months total 8.22K barrels of oil, down 30% on the year before; the lease peaked at 9.54K barrels in April 2022.
2 operators have filed production on it, most recently Magnolia Oil & Gas Operating LLC since December 2022.
- 86K
- bbl oil, all reported
- 681K
- mcf gas incl. casinghead
- 8.22K
- bbl oil, last 12 reported
- -30%
- vs the 12 before
- 1
- wells completed on it
- 9.54K
- peak month, bbl (Apr 2022)
PDQ LEASE REPORTS · FIRST MAR 2022 · LAST VOLUME APR 2026 · STATEWIDE DATA THROUGH APR 2026
Oil by month
Barrels reported on Form PR for the whole lease. The latest months are revised upward as late reports arrive.
Last 12 months 8,217 · prior 12 11,719(-30%)
Gas by month
Gas-well gas plus casinghead gas, mcf. On an oil lease all gas is reported as casinghead. The latest months are revised upward as late reports arrive.
Last 12 months 74,471 · prior 12 82,539(-10%)
Decline curve
A MODEL FITTED TO THE REPORTS, NOT A REPORT
An Arps hyperbolic curve fitted to the 49 reporting months of oil since the peak in Apr 2022. The dashed line below is that curve, drawn over the months it was fitted to and then 24 months past the last report; where it parts from the columns is where the model stops describing the lease. It describes the trend of past reports. It does not know about recompletions, shut-ins, or new wells, and it is shown only when the lease reported within the last year and the curve explains most of the history.
- 77%
- first-year decline from the peak (nominal Di 370%)
- 1.1
- b factor (hyperbolic)
- 0.86
- fit R²
- 91.4K
- bbl remaining on the curve, to 1 per month
Oil, barrels reported months since the peak, with the fitted curve and its projection
Last 12 months 8,217 · prior 12 11,719(-30%)
Fitted hyperbolic curve from the Apr 2022 peak, dashed 24 months past the last report
| Projected month | Oct 2026 | Apr 2027 | Oct 2027 | Apr 2028 |
|---|---|---|---|---|
| On the curve, bbl per month | 566 | 517 | 476 | 441 |
Quoting a projected figure as if it were reported would be wrong; the reported figures are the ones in the charts and the table view. How production is reported →
Who reported it
Each run of months one operator filed the production report, oldest first.
- Ramtex Energy LLCMar 2022 → Nov 2022 · 9 mo
- Magnolia Oil & Gas Operating LLCDec 2022 → Jul 2026 · 44 mo
Wells on the lease
FROM COMPLETION REPORTS · PRODUCTION ABOVE IS THEIR TOTAL
About this data
Monthly oil, gas, and casinghead from the RRC PDQ production dump, which lags the reporting month by two to three months; figures shown through Apr 2026. Wells from completion reports; operator runs from who filed each month's report.
Developers: this page as JSON is GET /v1/data/leases/tx/o-3-27998, documented in the API reference.