OWEN 2
OWEN 2 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 2005 to August 2026, totalling 211,137 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 $38K, with roughly $5K 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 187 thousand cubic feet a month. Its strongest month on the record we hold was September 2024, at 606 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 OWEN 2
- Who operates OWEN 2?
- OWEN 2 is operated by Lewis Petro Properties, Inc., Railroad Commission of Texas operator number 499978.
- Where is OWEN 2?
- OWEN 2 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 213672.
- Is OWEN 2 still producing?
- OWEN 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OWEN 2 is August 2026.
- How much has OWEN 2 produced?
- OWEN 2 has reported 211,137 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2005 and August 2026, from 1 wellbore.
- How much is OWEN 2 worth?
- The remaining production from OWEN 2 is estimated to be worth about $38K in total as of 26 August 2026, within a range of $30K to $47K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OWEN 2 is a fraction of it. The estimate fits an Arps decline curve to the production OWEN 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OWEN 2 is an estimate of value, not an offer and not an appraisal.
- How much income does OWEN 2 generate in a year?
- OWEN 2 is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OWEN 2 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 | 213672 |
| Wellbores | 1 |
| Reported production | 211,137 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $38K |
Where OWEN 2 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.