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 - Sep 2025
Total Oil Production70,152 BBLs
Total Gas Production3,517,890 MCF
Recent Oil Production14 BBLs in Aug 2025
Recent Gas Production892 MCF in Aug 2025
Wells on Property3

Our Valuation Estimates for Krause

ShaleAssessment™

$7,502 *

MarketMultiple™

$6,601 **

* 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 Sep 2025

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, TX62 BBLs1,171 MCFSep 2025
Elms-RicksWashington County, TX394 BBLs9,969 MCFSep 2025
Frannie Unit 1HFayette County, TX301 BBLs15,604 MCFSep 2025
Froese UnitFayette County, TX0 BBLs31 MCFSep 2025
Garnet Unit 1Fayette County, TX12 BBLs6,484 MCFSep 2025
Grace UnitFayette County, TX0 BBLs273 MCFSep 2025
HeatherFayette County, TX0 BBLs0 MCFSep 2025
JasperFayette County, TX0 BBLs326 MCFSep 2025
Lapis UnitFayette County, TX0 BBLs0 MCFJun 2025
LevienFayette County, TX0 BBLs93 MCFSep 2025
MattinglyFayette County, TX0 BBLs200 MCFSep 2025
Rio Lobo UnitFayette County, TX53 BBLs6,175 MCFSep 2025
RWR UnitFayette County, TX0 BBLs64 MCFAug 2025
SchmidtFayette County, TX0 BBLs461 MCFSep 2025
SchuhmacherFayette County, TX0 BBLs0 MCFJul 2025
Somme 1HWashington County, TX0 BBLs27,854 MCFAug 2025
Tourmaline Unit 1Fayette County, TX87 BBLs3,815 MCFSep 2025
WagnerFayette County, TX1 BBLs106 MCFSep 2025
Wolff Unit 1HFayette County, TX384 BBLs23,905 MCFSep 2025
Zuehlke UnitFayette County, TX0 BBLs379 MCFSep 2025

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 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
03-203908KRAUSE ESTHER 1Feb 2025MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Jan 2025MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Jan 2025MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Dec 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Dec 20244J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Nov 2024MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Nov 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Oct 2024MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Oct 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Sep 2024MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Sep 2024MAGNOLIA OIL & GAS OPERATING LLC
03-201427KRAUSE-O.L. UNIT 2Aug 2024MAGNOLIA OIL & GAS OPERATING LLC
03-203908KRAUSE ESTHER 1Aug 2024MAGNOLIA OIL & GAS OPERATING LLC
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