TARPON
TARPON is a Texas oil lease in Madison County, Railroad Commission district 05, operated by Wildfire Energy Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from April 2025 to August 2026, totalling 106,855 barrels. The lease is intermittent. 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 $4.2M, with roughly $3.3M 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 8,356 barrels a month. Its strongest month on the record we hold was September 2025, at 23,252 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 TARPON
- Who operates TARPON?
- TARPON is operated by Wildfire Energy Operating LLC, Railroad Commission of Texas operator number 923444.
- Where is TARPON?
- TARPON is a Texas oil lease in Madison County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 04490.
- Is TARPON still producing?
- TARPON is intermittent. The most recent month of production reported to the Railroad Commission of Texas for TARPON is August 2026.
- How much has TARPON produced?
- TARPON has reported 106,855 barrels of oil (bbl) to the Railroad Commission of Texas between April 2025 and August 2026, from 1 wellbore.
- How much is TARPON worth?
- The remaining production from TARPON is estimated to be worth about $4.2M in total as of 26 August 2026, within a range of $3.5M to $4.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TARPON is a fraction of it. The estimate fits an Arps decline curve to the production TARPON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TARPON is an estimate of value, not an offer and not an appraisal.
- How much income does TARPON generate in a year?
- TARPON is forecast to net about $3.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TARPON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Wildfire Energy Operating LLC |
|---|---|
| Field | Aguila Vado (Eagleford) |
| County | Madison County, Texas |
| RRC district | 05 |
| Lease number | 04490 |
| Wellbores | 1 |
| Reported production | 106,855 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.2M |
Where TARPON 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.