GATES 11-DR
GATES 11-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 March 2015 to August 2026, totalling 2,398,537 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 $726K, with roughly $153K 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 4,209 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 40,624 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 11-DR
- Who operates GATES 11-DR?
- GATES 11-DR is operated by Lewis Petro Properties, Inc., Railroad Commission of Texas operator number 499978.
- Where is GATES 11-DR?
- GATES 11-DR is a Texas gas lease in Webb County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 278934.
- Is GATES 11-DR still producing?
- GATES 11-DR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GATES 11-DR is August 2026.
- How much has GATES 11-DR produced?
- GATES 11-DR has reported 2,398,537 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2015 and August 2026, from 1 wellbore.
- How much is GATES 11-DR worth?
- The remaining production from GATES 11-DR is estimated to be worth about $726K in total as of 26 August 2026, within a range of $603K to $850K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GATES 11-DR is a fraction of it. The estimate fits an Arps decline curve to the production GATES 11-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 11-DR is an estimate of value, not an offer and not an appraisal.
- How much income does GATES 11-DR generate in a year?
- GATES 11-DR is forecast to net about $153K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GATES 11-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 | 278934 |
| Wellbores | 1 |
| Reported production | 2,398,537 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $726K |
Where GATES 11-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.