Krause

Oil & Gas Property in Fayette County, TX

  2. Texas
  3. Fayette County, TX
  4. Oil & Gas Properties in Fayette County, TX
  5. Krause Oil & Gas Property

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Property Summary

Key data points for Krause

CountyFayette County, TX
OperatorMAGNOLIA OIL & GAS OPERATING LLC
Production DatesNov 1993 - Aug 2024
Total Oil Production69,918 BBLs
Total Gas Production3,504,778 MCF
Recent Oil Production13 BBLs in Jul 2024
Recent Gas Production522 MCF in Jul 2024
Wells on Property3

Our Valuation Estimates for Krause

ShaleAssessment™

$8,850 *

MarketMultiple™

$6,763 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Krause Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Krause
from Nov 1993 to Aug 2024

Wells on Krause

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-149-32803KRAUSE-O.L. UNIT 1MAGNOLIA OIL & GAS OPERATING LLCTemp AbandonedFayette County, TX30.091986-96.673500
42-149-33132KRAUSE-O.L. UNIT 2MAGNOLIA OIL & GAS OPERATING LLCProducingFayette County, TX30.095510-96.668888
42-149-33136KRAUSE ESTHER 1MAGNOLIA OIL & GAS OPERATING LLCProducingFayette County, TX30.079055-96.663805

Leases included in Krause

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
03-148014KRAUSE-O.L. UNIT 1MAGNOLIA OIL & GAS OPERATING LLCFayette County, TX
03-201427KRAUSE-O.L. UNIT 2MAGNOLIA OIL & GAS OPERATING LLCFayette County, TX
03-203908KRAUSE ESTHER 1MAGNOLIA OIL & GAS OPERATING LLCFayette County, TX

Nearby Properties

These are the closest 20 properties to the Krause property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Church CharlesFayette County, TX361 BBLs1,402 MCFAug 2024
Elms-RicksWashington County, TX499 BBLs11,589 MCFAug 2024
Frannie Unit 1HFayette County, TX408 BBLs22,033 MCFAug 2024
Froese UnitFayette County, TX0 BBLs25 MCFAug 2024
Grace UnitFayette County, TX0 BBLs319 MCFAug 2024
HeatherFayette County, TX424 BBLs1,990 MCFAug 2024
JasperFayette County, TX54 BBLs656 MCFAug 2024
KristinaFayette County, TX10 BBLs1,701 MCFAug 2024
Lapis UnitFayette County, TX0 BBLs0 MCFAug 2024
LevienFayette County, TX0 BBLs826 MCFAug 2024
LuckyWashington County, TX553 BBLs14,455 MCFAug 2024
MattinglyFayette County, TX0 BBLs77 MCFAug 2024
Rio Lobo UnitFayette County, TX44 BBLs5,567 MCFAug 2024
RWR UnitFayette County, TX1 BBLs88 MCFAug 2024
SchmidtFayette County, TX0 BBLs575 MCFAug 2024
SchuhmacherFayette County, TX0 BBLs42 MCFJul 2024
Tourmaline Unit 1Fayette County, TX151 BBLs5,254 MCFAug 2024
WagnerFayette County, TX7 BBLs154 MCFAug 2024
Wolff Unit 1HFayette County, TX438 BBLs33,034 MCFAug 2024
Zuehlke UnitFayette County, TX0 BBLs442 MCFAug 2024

Companies in the Area

These are the closest 14 companies operating near the Krause property.

Company Name
Apache Corporation
Dallas Petroleum Group, LLC
Enervest Operating LLC
Geosouthern Energy Corporation
Geosouthern Operating II, LLC
Goldston Oil Corporation
Leexus Oil LLC
Magnolia Oil & Gas Operating LLC
Marathon Oil Company
Union Pacific Resources Co.
United Oil & Minerals, Inc.
Verdun Oil & Gas LLC
Wildfire Energy Operating LLC
Young, John H., Inc.

Owners of Krause

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024MAGNOLIA OIL & GAS OPERATINGKRAUSE OIL UNIT W#2MAGNOLIA OIL & GAS
2024MAGNOLIA OIL & GAS OPERATINGESTHER KRAUSE W#1MAGNOLIA OIL & GAS
2024BROWN TOP/HIDDEN HAVEN PRTSHIPKRAUSE OIL UNIT W#2MAGNOLIA OIL & GAS
2024BARANOWSKI MAX JRKRAUSE OIL UNIT W#2MAGNOLIA OIL & GAS
2024HERR WILFRED CHARLES & LEONAKRAUSE OIL UNIT W#2MAGNOLIA OIL & GAS
2024CRAIG C BROWN CAPITAL PARTNERSKRAUSE OIL UNIT W#2MAGNOLIA OIL & GAS
2024LEONHARDT HELEN KRAUSE LIFE ESKRAUSE OIL UNIT W#2MAGNOLIA OIL & GAS
2024KRAUSE CLARENCE EKRAUSE OIL UNIT W#2MAGNOLIA OIL & GAS
Displaying 8 of 53 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Krause

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
03-201427KRAUSE-O.L. UNIT 2Jul 2024MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Jul 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Jun 2024MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Jun 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2May 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2May 20244J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1May 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Apr 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Apr 2024SHELL TRADING (US) COMPANYMAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Apr 20244J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Apr 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Mar 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Mar 20244J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Mar 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Feb 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Feb 20244J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Feb 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Jan 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Jan 20244J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Jan 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Dec 2023MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Dec 20234J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Dec 2023MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Nov 2023MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Nov 2023MAGNOLIA OIL & GAS OPERATING LLC