POAGE MINERALS
POAGE MINERALS is a Texas oil lease in Irion County, Railroad Commission district 7C, operated by Triple Crown Resources, LLC. It has 5 wellbores on file with the Commission. Reported production runs from April 2023 to August 2026, totalling 843,109 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 $19.4M, with roughly $5.9M 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 8,863 barrels a month, about 1,773 per wellbore. Its strongest month on the record we hold was July 2023, at 89,811 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 POAGE MINERALS
- Who operates POAGE MINERALS?
- POAGE MINERALS is operated by Triple Crown Resources, LLC, Railroad Commission of Texas operator number 870372.
- Where is POAGE MINERALS?
- POAGE MINERALS is a Texas oil lease in Irion County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 22203.
- Is POAGE MINERALS still producing?
- POAGE MINERALS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POAGE MINERALS is August 2026.
- How much has POAGE MINERALS produced?
- POAGE MINERALS has reported 843,109 barrels of oil (bbl) to the Railroad Commission of Texas between April 2023 and August 2026, from 5 wellbores.
- How much is POAGE MINERALS worth?
- The remaining production from POAGE MINERALS is estimated to be worth about $19.4M in total as of 27 August 2026, within a range of $16.1M to $22.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POAGE MINERALS is a fraction of it. The estimate fits an Arps decline curve to the production POAGE MINERALS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POAGE MINERALS is an estimate of value, not an offer and not an appraisal.
- How much income does POAGE MINERALS generate in a year?
- POAGE MINERALS is forecast to net about $5.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in POAGE MINERALS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Triple Crown Resources, LLC |
|---|---|
| Field | Lin (Wolfcamp) |
| County | Irion County, Texas |
| RRC district | 7C |
| Lease number | 22203 |
| Wellbores | 5 |
| Reported production | 843,109 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $19.4M |
Where POAGE MINERALS 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.