In a cast iron skillet or heavy gauged sauté pan over medium heat, add the oil and popcorn kernels and cover with a lid. Once the kernels start popping, occasionally shake the pan to redistribute the kernels. Remove the pan from the heat once the majority of the kernels have popped and popping has slowed down.
Add the popped kernels to a bowl, drizzle caramel, pecans, and season with salt.
Mix well and form the popcorn into balls. Set aside for 10 minutes to set before serving.