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 - Jun 2026
Total Oil Production407,586 BBLs
Total Gas Production669,741 MCF
Recent Oil Production768 BBLs in May 2026
Recent Gas Production2,078 MCF in May 2026
Wells on Property3

Our Valuation Estimates for Drake

ShaleAssessment™

$36,556 *

MarketMultiple™

$100,614 **

* 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 Jun 2026

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, TX814 BBLs1,580 MCFJun 2026
BenelliMadison County, TX377 BBLs163 MCFMay 2026
Benelli (Allocation)Madison County, TX395 BBLs191 MCFMay 2026
BoenigkMadison County, TX745 BBLs362 MCFMay 2026
Ellwood BarrettMadison County, TX480 BBLs227 MCFJun 2026
FloydMadison County, TX307 BBLs509 MCFJun 2026
HibbettsMadison County, TX762 BBLs449 MCFMay 2026
Hibbetts (Allocation)Madison County, TX460 BBLs359 MCFMay 2026
Lenz - TheissMadison County, TX3,148 BBLs7,455 MCFMay 2026
Leona UnitMadison County, TX687 BBLs287 MCFJun 2026
Leona-Howard (Allocation)Madison County, TX1,191 BBLs215 MCFJun 2026
MachacMadison County, TX424 BBLs502 MCFMay 2026
MontanaMadison County, TX456 BBLs626 MCFMay 2026
Moore UnitMadison County, TX518 BBLs253 MCFJun 2026
Panther (Allocation)Madison County, TX487 BBLs425 MCFMay 2026
StillwagonMadison County, TX250 BBLs1,574 MCFMay 2026
TheissMadison County, TX153 BBLs265 MCFMay 2026
ThomasonMadison County, TX429 BBLs1,291 MCFMay 2026
WatsonMadison County, TX421 BBLs814 MCFJun 2026
Wilfred DaintyMadison County, TX176 BBLs609 MCFMay 2026

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
2026CML EXPLORATION LLC (WI)DRAKE (01)(02)CML EXPLORATION LLC
2026CARTER LLOYDDRAKE (01)(02)CML EXPLORATION LLC
2026SUMMIT RESOURCESDRAKE (01)(02)CML EXPLORATION LLC
2026REDBUD E & P INCDRAKE L A (01)REDBUD E & P INC
2026DRAKE CHARLES JR & WENDYDRAKE (01)(02)CML EXPLORATION LLC
2026KUYKENDOLL KINDT MILDREDDRAKE (01)(02)CML EXPLORATION LLC
2026MD AMERICA ENERGY LLC (RI/OR)DRAKE (01)(02)CML EXPLORATION LLC
2026CANNON SHIRLEY ANNDRAKE (01)(02)CML EXPLORATION LLC
Displaying 8 of 108 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
03-25977DRAKEJun 2026SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEMay 2026SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEMay 2026CML EXPLORATION, LLC
03-25977DRAKEApr 2026CML EXPLORATION, LLC
03-25977DRAKEApr 2026SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEMar 2026SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEMar 2026CML EXPLORATION, LLC
03-25977DRAKEFeb 2026SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEFeb 2026CML EXPLORATION, LLC
03-25977DRAKEJan 2026CML EXPLORATION, LLC
03-25977DRAKEJan 2026SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEDec 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEDec 2025CML EXPLORATION, LLC
03-25977DRAKENov 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKENov 2025CML EXPLORATION, LLC
03-25977DRAKEOct 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEOct 2025CML EXPLORATION, LLC
03-14468DRAKE, L.A.Oct 20254J ENERGY, LLCREDBUD E & P, INC.
03-25977DRAKESep 2025CML EXPLORATION, LLC
03-25977DRAKESep 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEAug 2025CML EXPLORATION, LLC
03-25977DRAKEAug 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEJul 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEJul 2025CML EXPLORATION, LLC
03-25977DRAKEJun 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC