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 2025
Total Oil Production398,612 BBLs
Total Gas Production640,291 MCF
Recent Oil Production811 BBLs in May 2025
Recent Gas Production3,592 MCF in May 2025
Wells on Property3

Our Valuation Estimates for Drake

ShaleAssessment™

$42,921 *

MarketMultiple™

$119,798 **

* 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 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, TX935 BBLs1,746 MCFJun 2025
BenelliMadison County, TX517 BBLs0 MCFJun 2025
Benelli (Allocation)Madison County, TX420 BBLs756 MCFJun 2025
BoenigkMadison County, TX975 BBLs728 MCFJun 2025
Cheryl Lind Fleming Unit (Alloc)Madison County, TX527 BBLs859 MCFJun 2025
Ellwood BarrettMadison County, TX523 BBLs366 MCFJun 2025
FloydMadison County, TX309 BBLs511 MCFJun 2025
GallMadison County, TX299 BBLs281 MCFJun 2025
HibbettsMadison County, TX998 BBLs460 MCFJun 2025
Hibbetts (Allocation)Madison County, TX317 BBLs168 MCFJun 2025
Lenz - TheissMadison County, TX4,255 BBLs11,985 MCFJun 2025
Leona UnitMadison County, TX423 BBLs0 MCFJun 2025
Leona-Howard (Allocation)Madison County, TX1,374 BBLs498 MCFJun 2025
MontanaMadison County, TX494 BBLs1,060 MCFJun 2025
Moore UnitMadison County, TX541 BBLs249 MCFJun 2025
Shepherd Creek WBMadison County, TX280 BBLs1,116 MCFJun 2025
StillwagonMadison County, TX428 BBLs5,076 MCFJun 2025
TheissMadison County, TX201 BBLs478 MCFJun 2025
ThomasonMadison County, TX713 BBLs1,471 MCFJun 2025
WatsonMadison County, TX685 BBLs2,679 MCFJun 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.
CML Exploration, LLC
Conoco Inc.
Crimson Exploration Oper., Inc.
Empire Texas Operating LLC
Faulconer Energy, 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