BRENDA
BRENDA is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Gemini Exploration Company. It has 2 wellbores on file with the Commission. Reported production runs from November 1994 to August 2026, totalling 103,622 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 $593K, with roughly $85K 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 40 barrels a month, about 20 per wellbore. Its strongest month on the record we hold was January 2018, at 269 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 BRENDA
- Who operates BRENDA?
- BRENDA is operated by Gemini Exploration Company, Railroad Commission of Texas operator number 298891.
- Where is BRENDA?
- BRENDA is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 22589.
- Is BRENDA still producing?
- BRENDA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BRENDA is August 2026.
- How much has BRENDA produced?
- BRENDA has reported 103,622 barrels of oil (bbl) to the Railroad Commission of Texas between November 1994 and August 2026, from 2 wellbores.
- How much is BRENDA worth?
- The remaining production from BRENDA is estimated to be worth about $593K in total as of 27 August 2026, within a range of $326K to $860K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BRENDA is a fraction of it. The estimate fits an Arps decline curve to the production BRENDA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BRENDA is an estimate of value, not an offer and not an appraisal.
- How much income does BRENDA generate in a year?
- BRENDA is forecast to net about $85K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BRENDA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gemini Exploration Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 22589 |
| Wellbores | 2 |
| Reported production | 103,622 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $593K |
Where BRENDA 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.