OWEN-BRISCOE-STATE 1724
OWEN-BRISCOE-STATE 1724 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 November 2004 to August 2026, totalling 164,838 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 $48K, with roughly $6K 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 127 thousand cubic feet a month. Its strongest month on the record we hold was December 2022, at 1,681 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-BRISCOE-STATE 1724
- Who operates OWEN-BRISCOE-STATE 1724?
- OWEN-BRISCOE-STATE 1724 is operated by Lewis Petro Properties, Inc., Railroad Commission of Texas operator number 499978.
- Where is OWEN-BRISCOE-STATE 1724?
- OWEN-BRISCOE-STATE 1724 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 207015.
- Is OWEN-BRISCOE-STATE 1724 still producing?
- OWEN-BRISCOE-STATE 1724 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OWEN-BRISCOE-STATE 1724 is August 2026.
- How much has OWEN-BRISCOE-STATE 1724 produced?
- OWEN-BRISCOE-STATE 1724 has reported 164,838 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2004 and August 2026, from 1 wellbore.
- How much is OWEN-BRISCOE-STATE 1724 worth?
- The remaining production from OWEN-BRISCOE-STATE 1724 is estimated to be worth about $48K in total as of 27 August 2026, within a range of $38K to $59K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OWEN-BRISCOE-STATE 1724 is a fraction of it. The estimate fits an Arps decline curve to the production OWEN-BRISCOE-STATE 1724 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OWEN-BRISCOE-STATE 1724 is an estimate of value, not an offer and not an appraisal.
- How much income does OWEN-BRISCOE-STATE 1724 generate in a year?
- OWEN-BRISCOE-STATE 1724 is forecast to net about $6K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in OWEN-BRISCOE-STATE 1724 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 | 207015 |
| Wellbores | 1 |
| Reported production | 164,838 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $48K |
Where OWEN-BRISCOE-STATE 1724 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.