LEASES · O-3-28187 · OIL · DISTRICT 03
Thundercreek Two
ReportingMagnolia Oil & Gas Operating LLC · Lee County · Giddings (Austin Chalk-3) field
Thundercreek Two is an RRC oil lease (O-3-28187) in Lee County operated by Magnolia Oil & Gas Operating LLC, with one well completed on it.
It has reported 411K barrels of oil and 982K mcf of gas since May 2024, last reporting volume in April 2026 (statewide data runs through April 2026).
The last 12 reported months total 128K barrels of oil, down 55% on the year before; the lease peaked at 35.6K barrels in July 2024.
- 411K
- bbl oil, all reported
- 982K
- mcf gas incl. casinghead
- 128K
- bbl oil, last 12 reported
- -55%
- vs the 12 before
- 1
- wells completed on it
- 35.6K
- peak month, bbl (Jul 2024)
PDQ LEASE REPORTS · FIRST MAY 2024 · 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 127,748 · prior 12 283,180(-55%)
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 319,675 · prior 12 662,113(-52%)
Decline curve
A MODEL FITTED TO THE REPORTS, NOT A REPORT
An Arps hyperbolic curve fitted to the 22 reporting months of oil since the peak in Jul 2024. 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.
- 63%
- first-year decline from the peak (nominal Di 130%)
- 0.5
- b factor (hyperbolic)
- 0.99
- fit R²
- 288K
- 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 127,748
Fitted hyperbolic curve from the Jul 2024 peak, dashed 24 months past the last report
| Projected month | Oct 2026 | Apr 2027 | Oct 2027 | Apr 2028 |
|---|---|---|---|---|
| On the curve, bbl per month | 5,870 | 4,580 | 3,673 | 3,011 |
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.
- Magnolia Oil & Gas Operating LLCMay 2024 → Jul 2026 · 27 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-3-28187, documented in the API reference.