GATES 2016
GATES 2016 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 March 2008 to August 2026, totalling 305,308 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 $24K, with roughly $7K 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 407 thousand cubic feet a month. Its strongest month on the record we hold was August 2018, at 2,313 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 GATES 2016
- Who operates GATES 2016?
- GATES 2016 is operated by Lewis Petro Properties, Inc., Railroad Commission of Texas operator number 499978.
- Where is GATES 2016?
- GATES 2016 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 236430.
- Is GATES 2016 still producing?
- GATES 2016 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GATES 2016 is August 2026.
- How much has GATES 2016 produced?
- GATES 2016 has reported 305,308 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2008 and August 2026, from 1 wellbore.
- How much is GATES 2016 worth?
- The remaining production from GATES 2016 is estimated to be worth about $24K in total as of 26 August 2026, within a range of $19K to $29K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GATES 2016 is a fraction of it. The estimate fits an Arps decline curve to the production GATES 2016 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GATES 2016 is an estimate of value, not an offer and not an appraisal.
- How much income does GATES 2016 generate in a year?
- GATES 2016 is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GATES 2016 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lewis Petro Properties, Inc. |
|---|---|
| Field | Gold River, North (Olmos) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 236430 |
| Wellbores | 1 |
| Reported production | 305,308 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $24K |
Where GATES 2016 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.