GATES "N" TR2
GATES "N" TR2 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 February 2001 to August 2026, totalling 145,722 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 $3K, with roughly $323 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 9 thousand cubic feet a month. Its strongest month on the record we hold was June 2024, at 926 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 100% 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" TR2
- Who operates GATES "N" TR2?
- GATES "N" TR2 is operated by Lewis Petro Properties, Inc., Railroad Commission of Texas operator number 499978.
- Where is GATES "N" TR2?
- GATES "N" TR2 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 182695.
- Is GATES "N" TR2 still producing?
- GATES "N" TR2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GATES "N" TR2 is August 2026.
- How much has GATES "N" TR2 produced?
- GATES "N" TR2 has reported 145,722 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2001 and August 2026, from 1 wellbore.
- How much is GATES "N" TR2 worth?
- The remaining production from GATES "N" TR2 is estimated to be worth about $3K in total as of 26 August 2026, within a range of $0 to $5K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GATES "N" TR2 is a fraction of it. The estimate fits an Arps decline curve to the production GATES "N" TR2 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" TR2 is an estimate of value, not an offer and not an appraisal.
- How much income does GATES "N" TR2 generate in a year?
- GATES "N" TR2 is forecast to net about $323 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GATES "N" TR2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lewis Petro Properties, Inc. |
|---|---|
| Field | Dos Hermanos (Olmos) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 182695 |
| Wellbores | 1 |
| Reported production | 145,722 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3K |
Where GATES "N" TR2 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.