OWENS 1080
OWENS 1080 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 January 2015 to August 2026, totalling 6,366,406 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 $1.4M, with roughly $260K 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 12,210 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 99,306 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 OWENS 1080
- Who operates OWENS 1080?
- OWENS 1080 is operated by Lewis Petro Properties, Inc., Railroad Commission of Texas operator number 499978.
- Where is OWENS 1080?
- OWENS 1080 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 278518.
- Is OWENS 1080 still producing?
- OWENS 1080 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OWENS 1080 is August 2026.
- How much has OWENS 1080 produced?
- OWENS 1080 has reported 6,366,406 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2015 and August 2026, from 1 wellbore.
- How much is OWENS 1080 worth?
- The remaining production from OWENS 1080 is estimated to be worth about $1.4M in total as of 26 August 2026, within a range of $1.2M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OWENS 1080 is a fraction of it. The estimate fits an Arps decline curve to the production OWENS 1080 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OWENS 1080 is an estimate of value, not an offer and not an appraisal.
- How much income does OWENS 1080 generate in a year?
- OWENS 1080 is forecast to net about $260K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OWENS 1080 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lewis Petro Properties, Inc. |
|---|---|
| Field | Briscoe Ranch (Eagleford) |
| County | Webb County, Texas |
| RRC district | 01 |
| Lease number | 278518 |
| Wellbores | 1 |
| Reported production | 6,366,406 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where OWENS 1080 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.