PROPST
PROPST is a Texas oil lease in Jones County, Railroad Commission district 7B, operated by Amerac Energy Corporation. It has 2 wellbores on file with the Commission. Reported production runs from April 1997 to August 2026, totalling 190,959 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 $195K, with roughly $37K 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 48 barrels a month, about 24 per wellbore. Its strongest month on the record we hold was February 2018, at 352 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 PROPST
- Who operates PROPST?
- PROPST is operated by Amerac Energy Corporation, Railroad Commission of Texas operator number 016973.
- Where is PROPST?
- PROPST is a Texas oil lease in Jones County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 28155.
- Is PROPST still producing?
- PROPST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PROPST is August 2026.
- How much has PROPST produced?
- PROPST has reported 190,959 barrels of oil (bbl) to the Railroad Commission of Texas between April 1997 and August 2026, from 2 wellbores.
- How much is PROPST worth?
- The remaining production from PROPST is estimated to be worth about $195K in total as of 26 August 2026, within a range of $107K to $282K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PROPST is a fraction of it. The estimate fits an Arps decline curve to the production PROPST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PROPST is an estimate of value, not an offer and not an appraisal.
- How much income does PROPST generate in a year?
- PROPST is forecast to net about $37K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PROPST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Amerac Energy Corporation |
|---|---|
| Field | Truby (Strawn) |
| County | Jones County, Texas |
| RRC district | 7B |
| Lease number | 28155 |
| Wellbores | 2 |
| Reported production | 190,959 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $195K |
Where PROPST 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.