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 - Apr 2026
Total Oil Production406,172 BBLs
Total Gas Production665,618 MCF
Recent Oil Production705 BBLs in Mar 2026
Recent Gas Production2,695 MCF in Mar 2026
Wells on Property3

Our Valuation Estimates for Drake

ShaleAssessment™

$37,518 *

MarketMultiple™

$92,448 **

* 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 Apr 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, TX863 BBLs1,758 MCFApr 2026
BenelliMadison County, TX400 BBLs0 MCFMar 2026
Benelli (Allocation)Madison County, TX373 BBLs468 MCFMar 2026
BoenigkMadison County, TX684 BBLs506 MCFMar 2026
Cheryl Lind Fleming Unit (Alloc)Madison County, TX465 BBLs410 MCFMar 2026
Ellwood BarrettMadison County, TX496 BBLs273 MCFApr 2026
FloydMadison County, TX338 BBLs465 MCFApr 2026
GallMadison County, TX297 BBLs286 MCFApr 2026
HibbettsMadison County, TX969 BBLs517 MCFMar 2026
Hibbetts (Allocation)Madison County, TX364 BBLs323 MCFMar 2026
Lenz - TheissMadison County, TX3,949 BBLs9,421 MCFMar 2026
Leona UnitMadison County, TX715 BBLs251 MCFApr 2026
Leona-Howard (Allocation)Madison County, TX1,248 BBLs257 MCFApr 2026
MontanaMadison County, TX503 BBLs588 MCFMar 2026
Moore UnitMadison County, TX522 BBLs245 MCFApr 2026
Shepherd Creek WBMadison County, TX260 BBLs1,345 MCFApr 2026
StillwagonMadison County, TX325 BBLs2,974 MCFMar 2026
TheissMadison County, TX132 BBLs301 MCFMar 2026
ThomasonMadison County, TX469 BBLs787 MCFMar 2026
WatsonMadison County, TX578 BBLs915 MCFApr 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
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
03-25977DRAKEFeb 2026SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEFeb 2026CML EXPLORATION, LLC
03-25977DRAKEJan 2026SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEJan 2026CML EXPLORATION, LLC
03-25977DRAKEDec 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEDec 2025CML EXPLORATION, LLC
03-25977DRAKENov 2025CML EXPLORATION, LLC
03-25977DRAKENov 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEOct 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-14468DRAKE, L.A.Oct 20254J ENERGY, LLCREDBUD E & P, INC.
03-25977DRAKEOct 2025CML EXPLORATION, LLC
03-25977DRAKESep 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKESep 2025CML EXPLORATION, LLC
03-25977DRAKEAug 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEAug 2025CML EXPLORATION, LLC
03-25977DRAKEJul 2025CML EXPLORATION, LLC
03-25977DRAKEJul 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEJun 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-14468DRAKE, L.A.Jun 20254J ENERGY, LLCREDBUD E & P, INC.
03-25977DRAKEJun 2025CML EXPLORATION, LLC
03-25977DRAKEMay 2025CML EXPLORATION, LLC
03-25977DRAKEMay 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEApr 2025SHELL TRADING (US) COMPANYCML EXPLORATION, LLC
03-25977DRAKEApr 2025CML EXPLORATION, LLC
03-14468DRAKE, L.A.Apr 20254J ENERGY, LLCREDBUD E & P, INC.