MENDI
MENDI is a Texas oil lease in Zavala County, Railroad Commission district 01, operated by CML Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from September 2025 to August 2026, totalling 197,005 barrels. 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 $70.4M, with roughly $15.9M 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 22,259 barrels a month. Its strongest month on the record we hold was November 2025, at 32,236 barrels. 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 MENDI
- Who operates MENDI?
- MENDI is operated by CML Exploration, LLC, Railroad Commission of Texas operator number 120648.
- Where is MENDI?
- MENDI is a Texas oil lease in Zavala County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 21842.
- Is MENDI still producing?
- MENDI is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MENDI is August 2026.
- How much has MENDI produced?
- MENDI has reported 197,005 barrels of oil (bbl) to the Railroad Commission of Texas between September 2025 and August 2026, from 1 wellbore.
- How much is MENDI worth?
- The remaining production from MENDI is estimated to be worth about $70.4M in total as of 27 August 2026, within a range of $57.8M to $83.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MENDI is a fraction of it. The estimate fits an Arps decline curve to the production MENDI has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MENDI is an estimate of value, not an offer and not an appraisal.
- How much income does MENDI generate in a year?
- MENDI is forecast to net about $15.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MENDI receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | CML Exploration, LLC |
|---|---|
| Field | Pearsall (Austin Chalk) |
| County | Zavala County, Texas |
| RRC district | 01 |
| Lease number | 21842 |
| Wellbores | 1 |
| Reported production | 197,005 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $70.4M |
Where MENDI 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.