GATES 07-DR

Operated by LEWIS PETRO PROPERTIES, INC. (P-5 499978) in the BRISCOE RANCH (EAGLEFORD) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 274940District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$13.1 M
May 2014 – May 2026
Value, last 12 filed months
$21 k
at the published price for each month
Months reported
145
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 5,584 leases and 8,017 wells, and the rule below applies to all of them.

Discovered
2007-11-05
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2013-04-09.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: MAY ELECT TO CLASSIFY AS PERMANENT GAS WELL

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition110,422 bbl$6,777,892
GasProduction1,928,777 Mcf$6,310,467
Total$13,088,359

Every month this lease reported (145)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

145 months

May 202608106.413.05$24
Apr 202601498.932.87$40
Mar 202604989.753.15$154
Feb 20260263.503.75$8
Jan 202676059.138.00$4,494
Dec 20259056.664.41$510
Nov 20250158.593.93$4
Oct 2025028659.383.30$945
Sep 20250062.743.08$0
Aug 202511063.933.01$703
Jul 2025242,06766.743.32$8,454
Jun 2025895766.483.13$6,095
May 202502960.553.23$94
Apr 20250762.363.54$25
Mar 20250767.704.27$30
Feb 20250070.884.34$0
Jan 202511274.324.28$126
Dec 202424368.993.12$272
Nov 20242013769.052.20$1,682
Oct 20240071.372.28$0
Sep 20240669.612.36$14
Aug 20240075.632.06$0
Jul 20242079.932.15$160
Jun 2024701,44478.082.63$9,269
May 20241704,76278.812.20$23,867
Apr 20241654,51584.451.66$21,426
Mar 20242074,84780.301.55$24,111
Feb 20241994,49676.091.78$23,161
Jan 20241914,80873.023.30$29,802
Dec 20231914,92871.262.61$26,476
Nov 20231784,97777.892.81$27,838
Oct 20232155,22485.443.09$34,498
Sep 20231995,06389.042.74$31,566
Aug 20232195,24580.522.67$31,653
Jul 20231885,28874.852.64$28,042
Jun 20231995,13368.962.26$25,316
May 20231775,29570.622.23$24,294
Apr 20232075,29778.122.24$28,024
Mar 20232675,60472.852.39$32,862
Feb 20232365,07075.112.47$30,227
Jan 20232515,76476.533.39$38,736
Dec 20222165,72476.415.73$49,298
Nov 20222215,54485.005.65$50,088
Oct 20221856,01387.185.86$51,387
Sep 20222655,14284.888.16$64,471
Aug 20222385,45394.529.13$72,266
Jul 20222616,738101.587.54$77,331
Jun 20222546,359115.097.98$79,960
May 20222455,014109.378.43$69,079
Apr 20222367,086104.226.84$73,047
Mar 20221615,168108.885.08$43,765
Feb 20221855,52291.054.86$43,675
Jan 20221645,93381.844.54$40,344
Dec 20212166,52371.323.90$40,839
Nov 20212016,34477.435.24$48,786
Oct 20211926,86979.795.71$54,568
Sep 20212006,33369.865.35$47,859
Aug 20212546,56566.024.22$44,477
Jul 20212536,89370.783.98$45,356
Jun 20212165,95169.493.38$35,128
May 20212106,14363.483.02$31,868
Apr 20212395,81760.362.76$30,472
Mar 20212145,78561.302.72$28,836
Feb 20212565,87257.805.55$47,374
Jan 20213407,13050.412.81$37,177
Dec 20202867,06044.642.68$31,656
Nov 20202736,88138.772.71$29,208
Oct 20202437,24236.972.48$26,933
Sep 20201927,10037.091.99$21,258
Aug 20202027,47739.982.39$25,909
Jul 20202507,99338.371.83$24,181
Jun 20202475,98334.901.69$18,733
May 20201855,99316.921.81$14,006
Apr 20203647,11314.751.80$18,204
Mar 20202947,45830.341.86$22,764
Feb 20203027,20449.881.98$29,333
Jan 20202917,77657.252.09$32,948
Dec 20192918,32359.012.30$36,351
Nov 20193518,66055.302.75$43,231
Oct 20192918,61653.472.42$36,398
Sep 20193898,47355.052.66$43,930
Aug 20195039,19853.112.30$47,910
Jul 20195899,44756.272.46$56,383
Jun 20196899,14852.782.49$59,155
May 20196549,70058.482.74$64,827
Apr 20196759,46962.632.75$68,322
Mar 201966610,10956.803.06$68,784
Feb 20195389,16850.852.79$52,956
Jan 201946210,48046.033.23$55,097
Dec 201848510,86246.594.19$68,058
Nov 201842010,47352.934.24$66,607
Oct 201848111,01861.443.40$66,993
Sep 201844211,02759.543.11$60,589
Aug 201853411,63359.403.07$67,393
Jul 201858511,80465.142.93$72,715
Jun 201890511,99660.183.08$91,374
May 201888911,82665.382.90$92,428
Apr 201862612,40263.842.90$75,940
Mar 201860613,05861.222.79$73,490
Feb 201857212,31561.782.77$69,403
Jan 201893513,01962.874.01$110,981
Dec 201763613,23757.272.92$75,096
Nov 201756613,76155.423.12$74,279
Oct 201756413,57449.292.98$68,300
Sep 201779914,67947.523.09$83,287
Aug 201784815,85545.373.00$86,109
Jul 201780816,68843.873.09$86,967
Jun 201780916,10142.493.09$84,083
May 20171,05617,31845.373.26$104,426
Apr 20171,30617,56447.933.21$119,005
Mar 20171,40020,11046.772.98$125,480
Feb 20171,21919,27750.452.95$118,416
Jan 20171,30421,49449.413.42$137,914
Dec 20161,13222,36348.763.72$138,450
Nov 20161,08222,54142.492.64$105,580
Oct 20161,55722,50846.193.09$141,473
Sep 20161,35624,93041.553.10$133,641
Aug 20161,32118,02541.442.92$107,453
Jul 20161,35817,47741.622.92$107,629
Jun 20161,35117,37245.352.69$107,926
May 20161,37821,00742.521.99$100,418
Apr 20161,12022,17636.561.99$85,101
Mar 20161,22925,53533.011.79$86,379
Feb 20161,28226,12226.472.06$87,841
Jan 20161,52429,67927.352.36$111,853
Dec 20151,72231,65132.362.00$119,071
Nov 20151,95134,70438.792.17$150,894
Oct 20151,86735,89943.552.43$168,420
Sep 201589425,22142.992.76$108,003
Aug 20151,05829,48340.162.87$127,179
Jul 20151,37734,18948.152.95$166,992
Jun 20151,70937,28656.152.88$203,451
May 20152,10543,17855.212.96$243,827
Apr 20152,26644,65749.822.71$233,759
Mar 20152,64048,65042.892.93$256,003
Feb 20152,31834,69644.662.98$206,784
Jan 20153,15242,95543.433.10$270,079
Dec 20143,91750,71154.693.59$396,342
Nov 20142,37041,58170.464.25$343,786
Oct 20142,33631,99178.303.90$307,704
Sep 20145,23768,38786.164.05$727,875
Aug 20146,19978,85089.394.04$872,298
Jul 20146,94889,66196.564.18$1,045,646
Jun 201495210,92498.164.74$145,194
May 20146,50770,80094.734.73$951,049

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                    8 Mcf  × $  3.05 =        $24

────────────────────────────────────────────────────
Month total                                      $24

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 01/G/274940 is the state's own key, not one this site invented.