NORTHEAST COMPLEX
NORTHEAST COMPLEX 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 October 2013 to August 2026, totalling 1,508,127 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 $225K, with roughly $47K 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 2,381 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 12,685 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 NORTHEAST COMPLEX
- Who operates NORTHEAST COMPLEX?
- NORTHEAST COMPLEX is operated by Lewis Petro Properties, Inc., Railroad Commission of Texas operator number 499978.
- Where is NORTHEAST COMPLEX?
- NORTHEAST COMPLEX is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 274188.
- Is NORTHEAST COMPLEX still producing?
- NORTHEAST COMPLEX is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NORTHEAST COMPLEX is August 2026.
- How much has NORTHEAST COMPLEX produced?
- NORTHEAST COMPLEX has reported 1,508,127 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2013 and August 2026, from 1 wellbore.
- How much is NORTHEAST COMPLEX worth?
- The remaining production from NORTHEAST COMPLEX is estimated to be worth about $225K in total as of 26 August 2026, within a range of $186K to $263K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NORTHEAST COMPLEX is a fraction of it. The estimate fits an Arps decline curve to the production NORTHEAST COMPLEX has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NORTHEAST COMPLEX is an estimate of value, not an offer and not an appraisal.
- How much income does NORTHEAST COMPLEX generate in a year?
- NORTHEAST COMPLEX is forecast to net about $47K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NORTHEAST COMPLEX receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lewis Petro Properties, Inc. |
|---|---|
| Field | Owen (Olmos) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 274188 |
| Wellbores | 1 |
| Reported production | 1,508,127 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $225K |
Where NORTHEAST COMPLEX 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.