GATES "N" TR4
GATES "N" TR4 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 January 2019 to August 2026, totalling 1,598,378 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 $143K, with roughly $75K 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 1,878 thousand cubic feet a month. Its strongest month on the record we hold was January 2019, at 70,242 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 "N" TR4
- Who operates GATES "N" TR4?
- GATES "N" TR4 is operated by Lewis Petro Properties, Inc., Railroad Commission of Texas operator number 499978.
- Where is GATES "N" TR4?
- GATES "N" TR4 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 290338.
- Is GATES "N" TR4 still producing?
- GATES "N" TR4 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GATES "N" TR4 is August 2026.
- How much has GATES "N" TR4 produced?
- GATES "N" TR4 has reported 1,598,378 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2019 and August 2026, from 1 wellbore.
- How much is GATES "N" TR4 worth?
- The remaining production from GATES "N" TR4 is estimated to be worth about $143K in total as of 26 August 2026, within a range of $119K to $168K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GATES "N" TR4 is a fraction of it. The estimate fits an Arps decline curve to the production GATES "N" TR4 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" TR4 is an estimate of value, not an offer and not an appraisal.
- How much income does GATES "N" TR4 generate in a year?
- GATES "N" TR4 is forecast to net about $75K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GATES "N" TR4 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 | 290338 |
| Wellbores | 1 |
| Reported production | 1,598,378 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $143K |
Where GATES "N" TR4 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.