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 - Apr 2026
Total Oil Production70,152 BBLs
Total Gas Production3,522,232 MCF
Recent Oil Production0 BBLs in Mar 2026
Recent Gas Production383 MCF in Mar 2026
Wells on Property3

Our Valuation Estimates for Krause

ShaleAssessment™

$6,866 *

MarketMultiple™

$4,034 **

* 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 Apr 2026

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 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, TX66 BBLs1,358 MCFApr 2026
Elms-RicksWashington County, TX306 BBLs8,947 MCFApr 2026
Emerald Unit 1Fayette County, TX304 BBLs10,321 MCFApr 2026
Frannie Unit 1HFayette County, TX256 BBLs12,144 MCFApr 2026
Froese UnitFayette County, TX0 BBLs42 MCFApr 2026
Grace UnitFayette County, TX0 BBLs165 MCFApr 2026
HeatherFayette County, TX0 BBLs31 MCFMar 2026
HeleneFayette County, TX533 BBLs5,499 MCFApr 2026
JasperFayette County, TX0 BBLs87 MCFApr 2026
Lapis UnitFayette County, TX17 BBLs0 MCFApr 2026
LevienFayette County, TX53 BBLs1,022 MCFApr 2026
MattinglyFayette County, TX0 BBLs107 MCFApr 2026
Rio Lobo UnitFayette County, TX65 BBLs4,586 MCFApr 2026
RWR UnitFayette County, TX0 BBLs211 MCFMar 2026
SchmidtFayette County, TX0 BBLs351 MCFApr 2026
SchuhmacherFayette County, TX0 BBLs0 MCFJan 2026
Somme 1HWashington County, TX4 BBLs12,034 MCFApr 2026
WagnerFayette County, TX0 BBLs65 MCFApr 2026
Wolff Unit 1HFayette County, TX345 BBLs19,569 MCFApr 2026
Zuehlke UnitFayette County, TX0 BBLs461 MCFApr 2026

Companies in the Area

These are the closest 13 companies operating near the Krause property.

Company Name
Apache Corporation
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
2025MAGNOLIA OIL & GAS OPERATINGKRAUSE OIL UNIT W#2MAGNOLIA OIL & GAS
2025MAGNOLIA OIL & GAS OPERATINGESTHER KRAUSE W#1MAGNOLIA OIL & GAS

Oil & Gas Sales on Krause

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
03-201427KRAUSE-O.L. UNIT 2Jan 2026MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Dec 2025MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Dec 2025MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Nov 2025MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Nov 2025MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Oct 2025MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Sep 2025MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Sep 2025MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Aug 2025MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Jul 2025MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Jul 2025MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Jun 2025MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Jun 2025SHELL TRADING (US) COMPANYMAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Jun 20254J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2May 2025MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2May 20254J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1May 2025MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Apr 2025MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Apr 20254J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Mar 2025MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Mar 20254J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Mar 2025MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Mar 2025SHELL TRADING (US) COMPANYMAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Feb 2025MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Feb 20254J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC