MENDEL STATE 38
MENDEL STATE 38 is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2017 to August 2026, totalling 324,008 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 $3.2M, with roughly $699K 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 842 barrels a month. Its strongest month on the record we hold was February 2017, at 15,058 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 MENDEL STATE 38
- Who operates MENDEL STATE 38?
- MENDEL STATE 38 is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is MENDEL STATE 38?
- MENDEL STATE 38 is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49081.
- Is MENDEL STATE 38 still producing?
- MENDEL STATE 38 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MENDEL STATE 38 is August 2026.
- How much has MENDEL STATE 38 produced?
- MENDEL STATE 38 has reported 324,008 barrels of oil (bbl) to the Railroad Commission of Texas between January 2017 and August 2026, from 1 wellbore.
- How much is MENDEL STATE 38 worth?
- The remaining production from MENDEL STATE 38 is estimated to be worth about $3.2M in total as of 26 August 2026, within a range of $2.5M to $3.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MENDEL STATE 38 is a fraction of it. The estimate fits an Arps decline curve to the production MENDEL STATE 38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MENDEL STATE 38 is an estimate of value, not an offer and not an appraisal.
- How much income does MENDEL STATE 38 generate in a year?
- MENDEL STATE 38 is forecast to net about $699K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MENDEL STATE 38 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Diamondback E&P LLC |
|---|---|
| Field | Hoefs T-K (Wolfcamp) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 49081 |
| Wellbores | 1 |
| Reported production | 324,008 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.2M |
Where MENDEL STATE 38 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.