GATES "N" TR1
GATES "N" TR1 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 August 2007 to August 2026, totalling 381,751 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 $87K, with roughly $20K 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 975 thousand cubic feet a month. Its strongest month on the record we hold was July 2022, at 2,817 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 "N" TR1
- Who operates GATES "N" TR1?
- GATES "N" TR1 is operated by Lewis Petro Properties, Inc., Railroad Commission of Texas operator number 499978.
- Where is GATES "N" TR1?
- GATES "N" TR1 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 230550.
- Is GATES "N" TR1 still producing?
- GATES "N" TR1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GATES "N" TR1 is August 2026.
- How much has GATES "N" TR1 produced?
- GATES "N" TR1 has reported 381,751 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2007 and August 2026, from 1 wellbore.
- How much is GATES "N" TR1 worth?
- The remaining production from GATES "N" TR1 is estimated to be worth about $87K in total as of 26 August 2026, within a range of $68K to $106K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GATES "N" TR1 is a fraction of it. The estimate fits an Arps decline curve to the production GATES "N" TR1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GATES "N" TR1 is an estimate of value, not an offer and not an appraisal.
- How much income does GATES "N" TR1 generate in a year?
- GATES "N" TR1 is forecast to net about $20K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GATES "N" TR1 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 | 230550 |
| Wellbores | 1 |
| Reported production | 381,751 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $87K |
Where GATES "N" TR1 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.