GATES N TR5
GATES N TR5 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 September 2013 to August 2026, totalling 5,455,189 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 $455K, with roughly $130K 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 5,587 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 87,729 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 TR5
- Who operates GATES N TR5?
- GATES N TR5 is operated by Lewis Petro Properties, Inc., Railroad Commission of Texas operator number 499978.
- Where is GATES N TR5?
- GATES N TR5 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 275469.
- Is GATES N TR5 still producing?
- GATES N TR5 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GATES N TR5 is August 2026.
- How much has GATES N TR5 produced?
- GATES N TR5 has reported 5,455,189 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2013 and August 2026, from 1 wellbore.
- How much is GATES N TR5 worth?
- The remaining production from GATES N TR5 is estimated to be worth about $455K in total as of 26 August 2026, within a range of $378K to $533K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GATES N TR5 is a fraction of it. The estimate fits an Arps decline curve to the production GATES N TR5 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 TR5 is an estimate of value, not an offer and not an appraisal.
- How much income does GATES N TR5 generate in a year?
- GATES N TR5 is forecast to net about $130K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GATES N TR5 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lewis Petro Properties, Inc. |
|---|---|
| Field | Catarina, SW. (San Miguel-Gas) |
| County | Webb County, Texas |
| RRC district | 01 |
| Lease number | 275469 |
| Wellbores | 1 |
| Reported production | 5,455,189 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $455K |
Where GATES N TR5 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.