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 - Jan 2024
Total Oil Production69,485 BBLs
Total Gas Production3,493,936 MCF
Recent Oil Production13 BBLs in Dec 2023
Recent Gas Production2,508 MCF in Dec 2023
Wells on Property3

Our Valuation Estimates for Krause

ShaleAssessment™

$11,232 *

MarketMultiple™

$3,104 **

* 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 Jan 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, TX23 BBLs1,449 MCFJan 2024
Elms-RicksWashington County, TX470 BBLs14,809 MCFJan 2024
Emerald Unit 1Fayette County, TX203 BBLs8,079 MCFJan 2024
Frannie Unit 1HFayette County, TX560 BBLs24,266 MCFJan 2024
Froese UnitFayette County, TX0 BBLs54 MCFJan 2024
Grace UnitFayette County, TX0 BBLs319 MCFJan 2024
HeatherFayette County, TX0 BBLs126 MCFDec 2023
JasperFayette County, TX212 BBLs3,071 MCFJan 2024
KristinaFayette County, TX30 BBLs1,718 MCFJan 2024
Lapis UnitFayette County, TX1 BBLs9 MCFJan 2024
LevienFayette County, TX0 BBLs143 MCFJan 2024
LuckyWashington County, TX810 BBLs16,399 MCFJan 2024
MattinglyFayette County, TX5 BBLs473 MCFJan 2024
Rio Lobo UnitFayette County, TX56 BBLs6,803 MCFJan 2024
RWR UnitFayette County, TX0 BBLs40 MCFJan 2024
SchmidtFayette County, TX8 BBLs454 MCFJan 2024
SchuhmacherFayette County, TX0 BBLs354 MCFDec 2023
WagnerFayette County, TX0 BBLs186 MCFJan 2024
Wolff Unit 1HFayette County, TX568 BBLs43,518 MCFJan 2024
Zuehlke UnitFayette County, TX0 BBLs747 MCFJan 2024

Companies in the Area

These are the closest 15 companies operating near the Krause property.

Company Name
Apache Corporation
Dallas Petroleum Group, LLC
Enervest Operating LLC
Geosouthern Energy Corporation
Geosouthern Operating II, LLC
Ginger Petroleum Company, Inc.
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
2023MAGNOLIA OIL & GAS OPERATINGKRAUSE OIL UNIT W#2MAGNOLIA OIL & GAS
2023MAGNOLIA OIL & GAS OPERATINGESTHER KRAUSE W#1MAGNOLIA OIL & GAS
2023BROWN TOP/HIDDEN HAVEN PRTSHIPKRAUSE OIL UNIT W#2MAGNOLIA OIL & GAS
2023HOWES IDAESTHER KRAUSE W#1MAGNOLIA OIL & GAS
2023BARANOWSKI MAX JRKRAUSE OIL UNIT W#2MAGNOLIA OIL & GAS
2023HERR WILFRED CHARLES & LEONAKRAUSE OIL UNIT W#2MAGNOLIA OIL & GAS
2023CRAIG C BROWN CAPITAL PARTNERSKRAUSE OIL UNIT W#2MAGNOLIA OIL & GAS
2023TEXAS OSAGE ROYALTY POOL INCESTHER KRAUSE W#1MAGNOLIA OIL & GAS
Displaying 8 of 122 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 2Oct 2023MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Oct 2023MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Sep 2023MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Sep 2023MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Aug 2023MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Aug 2023MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Jul 2023MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Jul 2023MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Jun 2023MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Jun 2023MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1May 2023MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Apr 2023MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Apr 2023MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Mar 2023MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Mar 2023MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Mar 2023SHELL TRADING (US) COMPANYMAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Feb 2023MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Feb 2023SHELL TRADING (US) COMPANYMAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Feb 2023MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Jan 2023MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Jan 2023MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Dec 2022MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Dec 2022MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Nov 2022MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Nov 2022MAGNOLIA OIL & GAS OPERATING LLC