Drake

Oil & Gas Property in Madison County, TX

  2. Texas
  3. Madison County, TX
  4. Oil & Gas Properties in Madison County, TX
  5. Drake Oil & Gas Property

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Property Summary

Key data points for Drake

CountyMadison County, TX
Production DatesJan 1993 - Aug 2024
Total Oil Production389,574 BBLs
Total Gas Production608,763 MCF
Recent Oil Production1,043 BBLs in Jul 2024
Recent Gas Production3,294 MCF in Jul 2024
Wells on Property3

Our Valuation Estimates for Drake

ShaleAssessment™

$49,045 *

MarketMultiple™

$125,722 **

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

Based on a decimal interest

Drake Production Graph

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

Wells on Drake

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-313-30331DRAKE L.A. 1SUMMIT RESOURCES MGMT., LLC.ProducingMadison County, TX30.897235-96.161638
42-313-30851DRAKE 1CML EXPLORATION, LLCProducingMadison County, TX30.903964-96.161850
42-313-31094DRAKE 2CML EXPLORATION, LLCProducingMadison County, TX30.900123-96.161511

Leases included in Drake

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
03-14468DRAKE, L.A.SUMMIT RESOURCES MGMT., LLC.Madison County, TX
03-25977DRAKECML EXPLORATION, LLCMadison County, TX

Operators Associated With Drake

Nearby Properties

These are the closest 20 properties to the Drake property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
BarrettMadison County, TX943 BBLs1,704 MCFAug 2024
BenelliMadison County, TX544 BBLs0 MCFAug 2024
Benelli (Allocation)Madison County, TX469 BBLs406 MCFAug 2024
BoenigkMadison County, TX716 BBLs194 MCFAug 2024
Cheryl Lind Fleming Unit (Alloc)Madison County, TX534 BBLs315 MCFAug 2024
Ellwood BarrettMadison County, TX585 BBLs378 MCFAug 2024
FloydMadison County, TX295 BBLs647 MCFAug 2024
GallMadison County, TX335 BBLs331 MCFAug 2024
HibbettsMadison County, TX981 BBLs302 MCFAug 2024
Hibbetts (Allocation)Madison County, TX605 BBLs286 MCFAug 2024
Lenz - TheissMadison County, TX6,399 BBLs22,485 MCFAug 2024
Leona UnitMadison County, TX465 BBLs3 MCFAug 2024
Leona-Howard (Allocation)Madison County, TX2,017 BBLs498 MCFAug 2024
MontanaMadison County, TX540 BBLs457 MCFAug 2024
Moore UnitMadison County, TX390 BBLs173 MCFAug 2024
Shepherd Creek WBMadison County, TX274 BBLs1,373 MCFJul 2024
StillwagonMadison County, TX296 BBLs1,460 MCFAug 2024
TheissMadison County, TX257 BBLs612 MCFAug 2024
ThomasonMadison County, TX954 BBLs1,241 MCFAug 2024
WatsonMadison County, TX627 BBLs2,171 MCFAug 2024

Companies in the Area

These are the closest 20 companies operating near the Drake property.

Company Name
American Energy Texas Inc
Buttes Resources Company
Cago, Inc.
CML Exploration, LLC
Conoco Inc.
Crimson Exploration Oper., Inc.
Empire Texas Operating LLC
Faulconer Energy, LLC
Goldsmith Operating, LLC
Goldsmith, J. Paul
Lapco Oil & Gas Company
MD America Energy, LLC
Mitchell Energy Corp
New Gulf Resources, LLC
Proven Natural Resources LLC
Trailblazer Energy Resources, LLC
Union Pacific Resources Co.
Vess Oil Corporation
Wildfire Energy Operating LLC
Woodbine Acquisition LLC

Owners of Drake

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024CML EXPLORATION LLC (WI)DRAKE (01)(02)CML EXPLORATION LLC
2024CARTER LLOYDDRAKE (01)(02)CML EXPLORATION LLC
2024SUMMIT RESOURCESDRAKE (01)(02)CML EXPLORATION LLC
2024SUMMIT RESOURCESDRAKE L A (01)SUMMIT RESOURCES MGT
2024DRAKE CHARLES JR & WENDYDRAKE (01)(02)CML EXPLORATION LLC
2024KUYKENDOLL KINDT MILDREDDRAKE (01)(02)CML EXPLORATION LLC
2024MD AMERICA ENERGY LLC (RI/OR)DRAKE (01)(02)CML EXPLORATION LLC
2024CANNON SHIRLEY ANNDRAKE (01)(02)CML EXPLORATION LLC
Displaying 8 of 106 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Drake

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
03-25977DRAKEAug 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEJul 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEJul 2024CML EXPLORATION, LLC
03-25977DRAKEJun 2024CML EXPLORATION, LLC
03-25977DRAKEJun 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEMay 2024CML EXPLORATION, LLC
03-25977DRAKEMay 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEApr 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEApr 2024CML EXPLORATION, LLC
03-14468DRAKE, L.A.Mar 2024STATEWIDE CRUDE INC.SUMMIT RESOURCES MANAGEMENT, LLC
03-25977DRAKEMar 2024CML EXPLORATION, LLC
03-25977DRAKEMar 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEFeb 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEFeb 2024CML EXPLORATION, LLC
03-25977DRAKEJan 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEJan 2024CML EXPLORATION, LLC
03-25977DRAKEDec 2023SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEDec 2023CML EXPLORATION, LLC
03-25977DRAKENov 2023CML EXPLORATION, LLC
03-25977DRAKENov 2023SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEOct 2023SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEOct 2023CML EXPLORATION, LLC
03-25977DRAKESep 2023SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKESep 2023CML EXPLORATION, LLC
03-25977DRAKEAug 2023CML EXPLORATION, LLC