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 - Jun 2025
Total Oil Production70,108 BBLs
Total Gas Production3,514,363 MCF
Recent Oil Production19 BBLs in May 2025
Recent Gas Production1,304 MCF in May 2025
Wells on Property3

Our Valuation Estimates for Krause

ShaleAssessment™

$7,798 *

MarketMultiple™

$7,345 **

* 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 Jun 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, TX41 BBLs1,070 MCFJun 2025
Elms-RicksWashington County, TX352 BBLs10,127 MCFJun 2025
Frannie Unit 1HFayette County, TX311 BBLs15,819 MCFJun 2025
Froese UnitFayette County, TX0 BBLs64 MCFJun 2025
Grace UnitFayette County, TX0 BBLs295 MCFJun 2025
HeatherFayette County, TX0 BBLs95 MCFJun 2025
JasperFayette County, TX41 BBLs501 MCFJun 2025
Lapis UnitFayette County, TX0 BBLs0 MCFMar 2025
LevienFayette County, TX0 BBLs56 MCFJun 2025
MattinglyFayette County, TX0 BBLs189 MCFJun 2025
Rio Lobo UnitFayette County, TX53 BBLs5,122 MCFJun 2025
RWR UnitFayette County, TX0 BBLs0 MCFJun 2025
Sapphire Unit 1HFayette County, TX279 BBLs6,891 MCFJun 2025
SchmidtFayette County, TX0 BBLs1,090 MCFJun 2025
Somme 1HWashington County, TX63 BBLs22,618 MCFJun 2025
Tourmaline Unit 1Fayette County, TX117 BBLs4,190 MCFJun 2025
WagnerFayette County, TX0 BBLs109 MCFJun 2025
Weigelt 1Fayette County, TX79 BBLs8,522 MCFJun 2025
Wolff Unit 1HFayette County, TX416 BBLs25,800 MCFJun 2025
Zuehlke UnitFayette County, TX0 BBLs434 MCFJun 2025

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
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