Drake 31

Oil & Gas Property in Midland County, TX

  2. Texas
  3. Midland County, TX
  4. Oil & Gas Properties in Midland County, TX
  5. Drake 31 Oil & Gas Property

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Property Summary

Key data points for Drake 31

CountyMidland County, TX
Production DatesJan 1993 - Sep 2019
Total Oil Production104,233 BBLs
Total Gas Production369,883 MCF
Recent Oil ProductionNo Recent Prod.
Recent Gas ProductionNo Recent Prod.
Wells on Property9

Our Valuation Estimates for Drake 31

ShaleAssessment™

$1,454 *

MarketMultiple™

Not Available

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Drake 31 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Drake 31
from Jan 1993 to Sep 2019

Wells on Drake 31

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-329-32287DRAKE 31 1PLAINS PETROLEUM OPERATING CO.Plugged Oil WellMidland County, TX31.697147-101.934981
42-329-32299DRAKE 31 3PLAINS PETROLEUM OPERATING CO.Plugged Oil WellMidland County, TX31.688697-101.933399
42-329-32443DRAKE 31 2PLAINS PETROLEUM OPERATING CO.Plugged Oil WellMidland County, TX31.691699-101.933310
42-329-32444DRAKE 31 4PLAINS PETROLEUM OPERATING CO.Plugged Oil WellMidland County, TX31.687392-101.940399
42-329-32447DRAKE 31 5PLAINS PETROLEUM OPERATING CO.Plugged Oil WellMidland County, TX31.689369-101.944655
42-329-32449DRAKE 31 6PLAINS PETROLEUM OPERATING CO.Oil WellMidland County, TX31.694396-101.942659
42-329-32450DRAKE 31 8PLAINS PETROLEUM OPERATING CO.Plugged Oil WellMidland County, TX31.698255-101.940091
42-329-32451DRAKE 31 7PLAINS PETROLEUM OPERATING CO.Plugged Oil WellMidland County, TX31.696499-101.947580
42-329-37779DRAKE 31B 10BERRY OIL COMP.Permitted LocationMidland County, TX31.693457-101.947600

Leases included in Drake 31

Lease #Lease NameOperatorCounty
08-32913DRAKE 31DACOTT OIL & GAS, LLCMidland County, TX
08-40360DRAKE 31XTO ENERGY INC.Midland County, TX
08-40361DRAKE 31BXTO ENERGY INC.Midland County, TX

Operators Associated With Drake 31

Nearby Properties

These are the closest 20 properties to the Drake 31 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Atkins 47-02 UnitMidland County, TX33,529 BBLs476,789 MCFFeb 2025
Babb 30Midland County, TX0 BBLs0 MCFAug 2022
Bob MidkiffMidland County, TX23,365 BBLs322,015 MCFFeb 2025
CMC Buttercup 25-37 UnitMidland County, TX34,717 BBLs44,520 MCFFeb 2025
CMC Snapdragon 19-31 UnitMidland County, TX72,406 BBLs272,937 MCFFeb 2025
DouglasMidland County, TX266 BBLs877 MCFFeb 2025
Douglass 36Midland County, TX0 BBLs0 MCFFeb 2022
Leonard Revocable Trust UnitMidland County, TX7,721 BBLs127,773 MCFFeb 2025
LHS RanchMidland County, TX41,798 BBLs240,796 MCFFeb 2025
LHS Ranch 27Midland County, TX25,347 BBLs417,537 MCFFeb 2025
LHS Ranch Allocation 45Upton County, TX6,897 BBLs197,790 MCFFeb 2025
LRT Unit 1 AllocationMidland County, TX1,544 BBLs6,822 MCFFeb 2025
LRT Unit 2 AllocationMidland County, TX2,878 BBLs8,662 MCFFeb 2025
MaraloMidland County, TX939 BBLs9,050 MCFFeb 2025
Maralo 41-32 Allocation 32Midland County, TX8,995 BBLs309,178 MCFFeb 2025
MidkiffUpton County, TX162,528 BBLs1,920,850 MCFFeb 2025
Midkiff 42-43Midland County, TX34,625 BBLs241,470 MCFFeb 2025
Rockin Rodeo 05-17 175Midland County, TX19,013 BBLs71,184 MCFFeb 2025
TXL 35 UnitMidland County, TX915 BBLs7,600 MCFFeb 2025
TXL 36 UnitMidland County, TX15,615 BBLs85,798 MCFFeb 2025

Companies in the Area

These are the closest 20 companies operating near the Drake 31 property.

Company Name
Berry Oil Comp.
Chevron USA Inc
CMS Oil And Gas Company
Diamondback E&P LLC
Extex Operating Company
Exxon Corporation
Henry Petroleum Corp.
LCX Energy, LLC
Linn Operating, Inc.
Midkiff, John
MLC Co., Inc.
Mobil Producing TX. & N.M. Inc.
Parker & Parsley Development Co.
Parker & Parsley Development L.P
Parsley Energy Operations, LLC
Perenco LLC
Pioneer Natural Res. USA, Inc.
Plains Petroleum Operating Co
Prasad, Hari Production Co.
XTO Energy Inc.

Oil & Gas Sales on Drake 31

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-40361DRAKE 31BJun 2013CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-40361DRAKE 31BMay 2013CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-40361DRAKE 31BApr 2013CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-40361DRAKE 31BMar 2013CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-40361DRAKE 31BFeb 2013CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-40360DRAKE 31Feb 2013PLAINS MARKETING, L.P.BERRY PETROLEUM COMPANY, LLC
08-40361DRAKE 31BJan 2013CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-40361DRAKE 31BDec 2012CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-40360DRAKE 31Mar 2012PLAINS MARKETING, L.P.BERRY PETROLEUM COMPANY, LLC
08-40360DRAKE 31May 2011PLAINS MARKETING, L.P.BERRY PETROLEUM COMPANY, LLC
08-32913DRAKE 31Jan 2011CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-32913DRAKE 31Jan 2011CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-40360DRAKE 31Dec 2010PLAINS MARKETING, L.P.BERRY PETROLEUM COMPANY, LLC
08-32913DRAKE 31Dec 2010CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-32913DRAKE 31Dec 2010CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-32913DRAKE 31Nov 2010CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-32913DRAKE 31Nov 2010CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-32913DRAKE 31Oct 2010CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-32913DRAKE 31Oct 2010CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-32913DRAKE 31Sep 2010BERRY PETROLEUM COMPANY, LLCBERRY PETROLEUM COMPANY, LLC
08-32913DRAKE 31Sep 2010CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-32913DRAKE 31Sep 2010CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-32913DRAKE 31Aug 2010BERRY PETROLEUM COMPANY, LLCBERRY PETROLEUM COMPANY, LLC
08-32913DRAKE 31Aug 2010CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC
08-32913DRAKE 31Aug 2010CHEVRON U.S.A. INC.BERRY PETROLEUM COMPANY, LLC