CASCADES FIVE
CASCADES FIVE is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Magnolia Oil & Gas Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2025 to August 2026, totalling 364,162 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $24.2M, with roughly $9.0M expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 21,322 barrels a month. Its strongest month on the record we hold was March 2025, at 38,257 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about CASCADES FIVE
- Who operates CASCADES FIVE?
- CASCADES FIVE is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is CASCADES FIVE?
- CASCADES FIVE is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 28228.
- Is CASCADES FIVE still producing?
- CASCADES FIVE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CASCADES FIVE is August 2026.
- How much has CASCADES FIVE produced?
- CASCADES FIVE has reported 364,162 barrels of oil (bbl) to the Railroad Commission of Texas between February 2025 and August 2026, from 1 wellbore.
- How much is CASCADES FIVE worth?
- The remaining production from CASCADES FIVE is estimated to be worth about $24.2M in total as of 26 August 2026, within a range of $19.9M to $28.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CASCADES FIVE is a fraction of it. The estimate fits an Arps decline curve to the production CASCADES FIVE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CASCADES FIVE is an estimate of value, not an offer and not an appraisal.
- How much income does CASCADES FIVE generate in a year?
- CASCADES FIVE is forecast to net about $9.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CASCADES FIVE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magnolia Oil & Gas Operating LLC |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 28228 |
| Wellbores | 1 |
| Reported production | 364,162 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $24.2M |
Where CASCADES FIVE sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.