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 - Sep 2025
Total Oil Production401,071 BBLs
Total Gas Production649,328 MCF
Recent Oil Production754 BBLs in Aug 2025
Recent Gas Production2,987 MCF in Aug 2025
Wells on Property3

Our Valuation Estimates for Drake

ShaleAssessment™

$41,189 *

MarketMultiple™

$116,764 **

* 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 Sep 2025

Wells on Drake

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-313-30331DRAKE L.A. 1REDBUD E & P, INC.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.REDBUD E & P, INC.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, TX851 BBLs1,589 MCFSep 2025
BenelliMadison County, TX458 BBLs0 MCFAug 2025
BoenigkMadison County, TX947 BBLs660 MCFAug 2025
Cheryl Lind Fleming Unit (Alloc)Madison County, TX570 BBLs775 MCFAug 2025
Ellwood BarrettMadison County, TX510 BBLs395 MCFSep 2025
FloydMadison County, TX275 BBLs529 MCFSep 2025
GallMadison County, TX332 BBLs333 MCFSep 2025
HibbettsMadison County, TX925 BBLs408 MCFAug 2025
Hibbetts (Allocation)Madison County, TX657 BBLs655 MCFAug 2025
Lenz - TheissMadison County, TX3,960 BBLs15,306 MCFAug 2025
Leona UnitMadison County, TX616 BBLs195 MCFSep 2025
Leona-Howard (Allocation)Madison County, TX1,468 BBLs485 MCFSep 2025
MachacMadison County, TX386 BBLs1,446 MCFAug 2025
MontanaMadison County, TX458 BBLs830 MCFAug 2025
Moore UnitMadison County, TX521 BBLs263 MCFSep 2025
Panther (Allocation)Madison County, TX273 BBLs1,736 MCFAug 2025
StillwagonMadison County, TX258 BBLs2,284 MCFAug 2025
TheissMadison County, TX0 BBLs0 MCFJul 2025
ThomasonMadison County, TX998 BBLs2,712 MCFAug 2025
WatsonMadison County, TX567 BBLs2,303 MCFSep 2025

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.
Centex Energy, LLC
CML Exploration, LLC
Conoco Inc
Crimson Exploration Oper., Inc.
Empire Texas Operating 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

Frac'ing activity on Drake

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-313-31094Drake 2

Owners of Drake

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025CML EXPLORATION LLC (WI)DRAKE (01)(02)CML EXPLORATION LLC
2025CARTER LLOYDDRAKE (01)(02)CML EXPLORATION LLC
2025SUMMIT RESOURCESDRAKE (01)(02)CML EXPLORATION LLC
2025DRAKE CHARLES JR & WENDYDRAKE (01)(02)CML EXPLORATION LLC
2025KUYKENDOLL KINDT MILDREDDRAKE (01)(02)CML EXPLORATION LLC
2025MD AMERICA ENERGY LLC (RI/OR)DRAKE (01)(02)CML EXPLORATION LLC
2025CANNON SHIRLEY ANNDRAKE (01)(02)CML EXPLORATION LLC
2025DRAKE FLOYD WAYNEDRAKE (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
03-25977DRAKEApr 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-14468DRAKE, L.A.Apr 20254J ENERGY, LLCREDBUD E & P, INC.
03-25977DRAKEMar 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-14468DRAKE, L.A.Feb 2025STATEWIDE CRUDE INC.SUMMIT RESOURCES MANAGEMENT, LLC
03-25977DRAKEFeb 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEFeb 2025CML EXPLORATION, LLC
03-25977DRAKEJan 2025CML EXPLORATION, LLC
03-25977DRAKEJan 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEDec 2024CML EXPLORATION, LLC
03-25977DRAKEDec 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKENov 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKENov 2024CML EXPLORATION, LLC
03-25977DRAKEOct 2024CML EXPLORATION, LLC
03-25977DRAKEOct 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKESep 2024CML EXPLORATION, LLC
03-25977DRAKESep 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEAug 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEAug 2024CML EXPLORATION, LLC
03-25977DRAKEJul 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEJul 2024CML EXPLORATION, LLC
03-25977DRAKEJun 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEJun 2024CML EXPLORATION, LLC
03-25977DRAKEMay 2024CML EXPLORATION, LLC
03-25977DRAKEMay 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEApr 2024SHELL TRADING (US) COMPANYCML EXPLORATION, LLC