OWEN STATE 1128 G.U.

OWEN STATE 1128 G.U. 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 October 2010 to August 2026, totalling 3,164,360 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 $274K, with roughly $59K 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 2,715 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 10,354 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 OWEN STATE 1128 G.U.

Who operates OWEN STATE 1128 G.U.?: OWEN STATE 1128 G.U. is operated by Lewis Petro Properties, Inc., Railroad Commission of Texas operator number 499978.
Where is OWEN STATE 1128 G.U.?: OWEN STATE 1128 G.U. is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 259218.
Is OWEN STATE 1128 G.U. still producing?: OWEN STATE 1128 G.U. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OWEN STATE 1128 G.U. is August 2026.
How much has OWEN STATE 1128 G.U. produced?: OWEN STATE 1128 G.U. has reported 3,164,360 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2010 and August 2026, from 1 wellbore.
How much is OWEN STATE 1128 G.U. worth?: The remaining production from OWEN STATE 1128 G.U. is estimated to be worth about $274K in total as of 27 August 2026, within a range of $227K to $320K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OWEN STATE 1128 G.U. is a fraction of it. The estimate fits an Arps decline curve to the production OWEN STATE 1128 G.U. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OWEN STATE 1128 G.U. is an estimate of value, not an offer and not an appraisal.
How much income does OWEN STATE 1128 G.U. generate in a year?: OWEN STATE 1128 G.U. is forecast to net about $59K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in OWEN STATE 1128 G.U. receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

OWEN STATE 1128 G.U. as filed with the Railroad Commission of Texas
Operator	Lewis Petro Properties, Inc.
Field	Owen (Olmos)
County	Webb County, Texas
RRC district	04
Lease number	259218
Wellbores	1
Reported production	3,164,360 mcf
First reported	October 2010
Last reported	August 2026
Estimated royalty value	$274K

Where OWEN STATE 1128 G.U. sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.