WEBB COUNTY SCHOOL LAND 1383L
WEBB COUNTY SCHOOL LAND 1383L is a Texas gas lease in Webb County, Railroad Commission district 04, operated by Lewis Petro Properties, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2007 to August 2026, totalling 231,888 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $70K, with roughly $11K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 415 thousand cubic feet a month. Its strongest month on the record we hold was December 2022, at 2,093 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about WEBB COUNTY SCHOOL LAND 1383L
- Who operates WEBB COUNTY SCHOOL LAND 1383L?
- WEBB COUNTY SCHOOL LAND 1383L is operated by Lewis Petro Properties, Inc., Railroad Commission of Texas operator number 499978.
- Where is WEBB COUNTY SCHOOL LAND 1383L?
- WEBB COUNTY SCHOOL LAND 1383L is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 229353.
- Is WEBB COUNTY SCHOOL LAND 1383L still producing?
- WEBB COUNTY SCHOOL LAND 1383L is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WEBB COUNTY SCHOOL LAND 1383L is August 2026.
- How much has WEBB COUNTY SCHOOL LAND 1383L produced?
- WEBB COUNTY SCHOOL LAND 1383L has reported 231,888 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2007 and August 2026, from 1 wellbore.
- How much is WEBB COUNTY SCHOOL LAND 1383L worth?
- The remaining production from WEBB COUNTY SCHOOL LAND 1383L is estimated to be worth about $70K in total as of 27 August 2026, within a range of $54K to $85K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WEBB COUNTY SCHOOL LAND 1383L is a fraction of it. The estimate fits an Arps decline curve to the production WEBB COUNTY SCHOOL LAND 1383L has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WEBB COUNTY SCHOOL LAND 1383L is an estimate of value, not an offer and not an appraisal.
- How much income does WEBB COUNTY SCHOOL LAND 1383L generate in a year?
- WEBB COUNTY SCHOOL LAND 1383L is forecast to net about $11K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WEBB COUNTY SCHOOL LAND 1383L receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lewis Petro Properties, Inc. |
|---|---|
| Field | Owen (Olmos) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 229353 |
| Wellbores | 1 |
| Reported production | 231,888 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $70K |
Where WEBB COUNTY SCHOOL LAND 1383L sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.