GATES 07-DR
GATES 07-DR is a Texas oil 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 July 2025 to August 2026, totalling 151,898 barrels. 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 $43.8M, with roughly $9.4M 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 14,287 barrels a month. Its strongest month on the record we hold was September 2025, at 20,294 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 oil lease in Webb County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 21940.
- 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 151,898 barrels of oil (bbl) to the Railroad Commission of Texas between July 2025 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 $43.8M in total as of 26 August 2026, within a range of $35.9M to $51.7M. 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 $9.4M 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 | Lorenzo (Austin Chalk) |
| County | Webb County, Texas |
| RRC district | 01 |
| Lease number | 21940 |
| Wellbores | 1 |
| Reported production | 151,898 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $43.8M |
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.