POPP
POPP is a Texas gas lease in Palo Pinto County, Railroad Commission district 7B, operated by Tracer Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 2016 to August 2026, totalling 42,410 thousand cubic feet. 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 $123K, with roughly $19K 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 767 thousand cubic feet a month. Its strongest month on the record we hold was January 2025, at 1,514 thousand cubic feet. 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 POPP
- Who operates POPP?
- POPP is operated by Tracer Operating, Inc., Railroad Commission of Texas operator number 863965.
- Where is POPP?
- POPP is a Texas gas lease in Palo Pinto County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 282561.
- Is POPP still producing?
- POPP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POPP is August 2026.
- How much has POPP produced?
- POPP has reported 42,410 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2016 and August 2026, from 1 wellbore.
- How much is POPP worth?
- The remaining production from POPP is estimated to be worth about $123K in total as of 27 August 2026, within a range of $96K to $150K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POPP is a fraction of it. The estimate fits an Arps decline curve to the production POPP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POPP is an estimate of value, not an offer and not an appraisal.
- How much income does POPP generate in a year?
- POPP is forecast to net about $19K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in POPP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Tracer Operating, Inc. |
|---|---|
| Field | Posidian (Ellen.) |
| County | Palo Pinto County, Texas |
| RRC district | 7B |
| Lease number | 282561 |
| Wellbores | 1 |
| Reported production | 42,410 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $123K |
Where POPP 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.