POPE 140
POPE 140 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Spindletop Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from March 2015 to August 2026, totalling 14,644 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 $14K, with roughly $3K 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 5 barrels a month. Its strongest month on the record we hold was July 2017, at 809 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 POPE 140
- Who operates POPE 140?
- POPE 140 is operated by Spindletop Oil & Gas Company, Railroad Commission of Texas operator number 809930.
- Where is POPE 140?
- POPE 140 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09428.
- Is POPE 140 still producing?
- POPE 140 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POPE 140 is August 2026.
- How much has POPE 140 produced?
- POPE 140 has reported 14,644 barrels of oil (bbl) to the Railroad Commission of Texas between March 2015 and August 2026, from 1 wellbore.
- How much is POPE 140 worth?
- The remaining production from POPE 140 is estimated to be worth about $14K in total as of 27 August 2026, within a range of $0 to $29K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POPE 140 is a fraction of it. The estimate fits an Arps decline curve to the production POPE 140 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POPE 140 is an estimate of value, not an offer and not an appraisal.
- How much income does POPE 140 generate in a year?
- POPE 140 is forecast to net about $3K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in POPE 140 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Spindletop Oil & Gas Company |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 09428 |
| Wellbores | 1 |
| Reported production | 14,644 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $14K |
Where POPE 140 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.