CARMEAN
CARMEAN is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Gemini Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from December 1993 to August 2026, totalling 256,811 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 $753K, with roughly $124K 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 118 barrels a month. Its strongest month on the record we hold was September 2020, at 587 barrels. 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 CARMEAN
- Who operates CARMEAN?
- CARMEAN is operated by Gemini Exploration Company, Railroad Commission of Texas operator number 298891.
- Where is CARMEAN?
- CARMEAN is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 22356.
- Is CARMEAN still producing?
- CARMEAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARMEAN is August 2026.
- How much has CARMEAN produced?
- CARMEAN has reported 256,811 barrels of oil (bbl) to the Railroad Commission of Texas between December 1993 and August 2026, from 1 wellbore.
- How much is CARMEAN worth?
- The remaining production from CARMEAN is estimated to be worth about $753K in total as of 27 August 2026, within a range of $587K to $918K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARMEAN is a fraction of it. The estimate fits an Arps decline curve to the production CARMEAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARMEAN is an estimate of value, not an offer and not an appraisal.
- How much income does CARMEAN generate in a year?
- CARMEAN is forecast to net about $124K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CARMEAN 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 | 22356 |
| Wellbores | 1 |
| Reported production | 256,811 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $753K |
Where CARMEAN 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.