GATES 07-DR
GATES 07-DR is a Texas gas lease in Webb County, Railroad Commission district 01, operated by Lewis Petro Properties, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2014 to August 2026, totalling 1,728,415 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 $649K, with roughly $123K 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 2,247 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 21,907 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 GATES 07-DR
- Who operates GATES 07-DR?
- GATES 07-DR is operated by Lewis Petro Properties, Inc., Railroad Commission of Texas operator number 499978.
- Where is GATES 07-DR?
- GATES 07-DR is a Texas gas lease in Webb County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 275811.
- Is GATES 07-DR still producing?
- GATES 07-DR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GATES 07-DR is August 2026.
- How much has GATES 07-DR produced?
- GATES 07-DR has reported 1,728,415 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2014 and August 2026, from 1 wellbore.
- How much is GATES 07-DR worth?
- The remaining production from GATES 07-DR is estimated to be worth about $649K in total as of 26 August 2026, within a range of $539K to $760K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GATES 07-DR is a fraction of it. The estimate fits an Arps decline curve to the production GATES 07-DR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GATES 07-DR is an estimate of value, not an offer and not an appraisal.
- How much income does GATES 07-DR generate in a year?
- GATES 07-DR is forecast to net about $123K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GATES 07-DR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lewis Petro Properties, Inc. |
|---|---|
| Field | Briscoe Ranch (Eagleford) |
| County | Webb County, Texas |
| RRC district | 01 |
| Lease number | 275811 |
| Wellbores | 1 |
| Reported production | 1,728,415 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $649K |
Where GATES 07-DR 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.