Oil and gas leases in Panola County — page 33

Panola County, Texas has 9,204 oil and gas leases with production on file at the Railroad Commission, all of them in Commission district 06. 521 of them are oil leases and 8,683 are gas leases. Between them they carry 9,519 wellbores. Reported volumes run from January 1993 to August 2026 and come to 13.8 million barrels of oil and 11.9 billion Mcf of gas. 310 operators file returns here. Every lease below has its own page with a decline-curve forecast and an estimate of what the whole lease is worth.

Key facts about Panola County

How many oil and gas leases are in Panola County?: Panola County has 9,204 oil and gas leases with production reported to the Railroad Commission of Texas, as of August 2026.
How much oil and gas has Panola County produced?: Leases in Panola County have reported 13,824,542 barrels of oil (bbl) and 11,898,965,811 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026.
How many operators are active in Panola County?: 310 operators file production returns for leases in Panola County.
How much are mineral rights in Panola County worth?: There is no single figure: what a mineral or royalty interest in Panola County is worth depends on the individual lease, its decline, and the share the owner holds. Each of the 9,204 leases listed here has its own page with the full production history the operator reported, a decline-curve forecast, and an estimate of what a royalty interest in it is worth today.

Leases — page 33 of 47

WERNER-LEFOY — gas, Texaco E & P Inc., Panola County, 320 thousand reported
HULL A-21 UNIT — gas, Devon Energy Production Co, L.P., Panola County, 320 thousand reported
HARRIS, S.S. UNIT — gas, Chevron U. S. A. Inc., Panola County, 320 thousand reported
LYNCH, TRAVIS — gas, Brammer Engineering, Inc., Panola County, 319 thousand reported
WERNER-HULL — gas, Chevron U. S. A. Inc., Panola County, 319 thousand reported
JOHNSON, B.J. UNIT — gas, Chevron U. S. A. Inc., Panola County, 319 thousand reported
BOWEN — gas, Buffco Production Inc., Panola County, 319 thousand reported
SHAW GAS UNIT — gas, Kaiser-Francis Oil Company, Panola County, 319 thousand reported
HODGES, J.E. GAS UNIT — gas, Samson Lone Star LP, Panola County, 319 thousand reported
VICE-SHIVERS — gas, Danmark Energy Services, Inc., Panola County, 319 thousand reported
WIENER ESTATE ET AL "X" — gas, Maximus Operating, Ltd., Panola County, 319 thousand reported
ADAMS, T.C. NCT-1 — gas, Chevron U. S. A. Inc., Panola County, 318 thousand reported
STERRETT — gas, Valence Operating Company, Panola County, 318 thousand reported
WIENER ESTATE — gas, Sonat Exploration Company -Tyler, Panola County, 318 thousand reported
SUMMERS — gas, M. E. Operating & Services, Inc., Panola County, 317 thousand reported
HULL UNIT A — gas, Pennzoil Exploration & Prod. Co., Panola County, 317 thousand reported
ALLEN, EBB — gas, Faulconer, Vernon E., Inc., Panola County, 317 thousand reported
BURTON, BILLIE JEAN — gas, Devon Energy Production Co, L.P., Panola County, 317 thousand reported
LEWIS UNIT — gas, Devon Energy Production Co, L.P., Panola County, 317 thousand reported
CARTHAGE GAS UNIT — gas, Enron Oil & Gas Company, Panola County, 316 thousand reported
OXSHEER — gas, Maximus Operating, Ltd., Panola County, 316 thousand reported
CGU 28 — gas, Union Pacific Resources Company, Panola County, 316 thousand reported
WEIR ESTATE — gas, Patara Oil & Gas LLC, Panola County, 316 thousand reported
CGU #9 — gas, Amoco Production Company, Panola County, 316 thousand reported
JACKSON GAS UNIT 1 — gas, Samson Lone Star LP, Panola County, 316 thousand reported
REED ESTATE UNIT — gas, Chesapeake Operating, Inc., Panola County, 316 thousand reported
SMITH — gas, Castle Exploration Company, Inc, Panola County, 315 thousand reported
HILL LAKE UNIT — gas, Harleton Oil & Gas Inc., Panola County, 315 thousand reported
HOPKINS ET AL — gas, Sonat Exploration Company -Tyler, Panola County, 314 thousand reported
HARRISON, R. GAS UNIT — gas, Arco Oil & Gas Co., Panola County, 314 thousand reported
JETER, AARON UNIT — gas, Pennzoil Exploration & Prod. Co., Panola County, 314 thousand reported
BRANNON — gas, Enron Oil & Gas Company, Panola County, 314 thousand reported
FROST-COTTLE UNIT — gas, Lacy, R., Inc., Panola County, 313 thousand reported
BURNS, LIZZIE ET AL UNIT — gas, Texaco E & P Inc., Panola County, 313 thousand reported
CARAWAY ASH — gas, Kerr-Mcgee Corporation, Panola County, 313 thousand reported
BROOKS, JOHN GU — gas, Goodrich Petroleum Company, Panola County, 313 thousand reported
WERNER, LOUIS SAWMILL CO. — gas, Pennzoil Exploration & Prod. Co., Panola County, 313 thousand reported
CARTHAGE GAS UNIT 11 — gas, Amoco Production Company, Panola County, 313 thousand reported
BOREN UNIT — gas, Lacy, R., Inc., Panola County, 313 thousand reported
YOW — gas, Hennan Resources, Inc., Panola County, 313 thousand reported
PANOLA 2 UNIT — gas, Conocophillips Company, Panola County, 312 thousand reported
LILLY UNIT — gas, Devon Energy Production Co, L.P., Panola County, 312 thousand reported
WERNER SAWMILL — gas, Seagull Mid-South, Inc., Panola County, 312 thousand reported
HULL UNIT B — gas, Devon Energy Production Co, L.P., Panola County, 312 thousand reported
THOMPSON UNIT — gas, Devon Energy Production Co, L.P., Panola County, 312 thousand reported
CHRISTIAN, C.O. HEIRS UNIT — gas, Glassell Producing Company, Inc., Panola County, 311 thousand reported
WERNER-LAGRONE — gas, Chevron U. S. A. Inc., Panola County, 311 thousand reported
SMITH, ELLA UNIT 2 — gas, Lacy, R., Inc., Panola County, 311 thousand reported
BROWNING, H.D. — gas, Sonat Exploration Company -Tyler, Panola County, 311 thousand reported
WALKER "B" — gas, Paladin Drilling Company, Panola County, 310 thousand reported
HOUGH-SHIVERS "A" — gas, Texaco E & P Inc., Panola County, 310 thousand reported
WOOLWORTH GAS UNIT — gas, Sonat Exploration Company -Tyler, Panola County, 310 thousand reported
CARTHAGE GAS UNIT 15 — gas, BP America Production Company, Panola County, 310 thousand reported
ETHERIDGE — gas, Comstock Oil & Gas, LP, Panola County, 309 thousand reported
ROQUEMORE "E" — gas, Total E&P USA, Inc., Panola County, 309 thousand reported
CARTHAGE GAS UNIT 17 — gas, Valence Operating Company, Panola County, 309 thousand reported
SHARP, BELLE — gas, Texas American Resources Company, Panola County, 308 thousand reported
COOKE, J.W. UNIT 1 — gas, Lacy, R., Inc., Panola County, 308 thousand reported
REEVES G/U — gas, Texaco E & P Inc., Panola County, 308 thousand reported
BECKWORTH UNIT — gas, Devon Energy Production Co, L.P., Panola County, 308 thousand reported
JETER, AARON UNIT — gas, Pennzenergy Exp. & Prod., L.L.C., Panola County, 307 thousand reported
WEIR ESTATE — gas, Patara Oil & Gas LLC, Panola County, 307 thousand reported
THOMAS & WOOD — gas, Exxon Corp., Panola County, 307 thousand reported
HULL UNIT A — gas, Pennzoil Exploration & Prod. Co., Panola County, 306 thousand reported
CARTHAGE GAS UNIT — gas, Enron Oil & Gas Company, Panola County, 306 thousand reported
MORELOCK — gas, Winchester Production Company, Panola County, 306 thousand reported
INTERNATIONAL PAPER COMPANY — gas, Arkla Exploration Co., Panola County, 306 thousand reported
CGU 30 — gas, Anadarko E&P Company LP, Panola County, 306 thousand reported
BECKWORTH — gas, Devon Louisiana Corporation, Panola County, 305 thousand reported
WHITE — gas, Samson Lone Star LP, Panola County, 305 thousand reported
WERNER, L. SAWMILL CO. D UNIT — gas, Pennzoil Exploration & Prod. Co., Panola County, 305 thousand reported
PAYNE — gas, Sonat Exploration Company -Tyler, Panola County, 305 thousand reported
CRENSHAW UNIT — gas, Devon Energy Production Co, L.P., Panola County, 305 thousand reported
JOHNSON, ROBERT — gas, Winchester Production Company, Panola County, 305 thousand reported
MOORE UNIT — gas, Devon Energy Production Co, L.P., Panola County, 305 thousand reported
BLACK UNIT — gas, Devon Energy Production Co, L.P., Panola County, 304 thousand reported
BROOKS, JOHN GU — gas, Goodrich Petroleum Company, Panola County, 303 thousand reported
MOSS, W. S. ESTATE — gas, Classic Energy Incorporated, Panola County, 303 thousand reported
VICE-SHIVERS — gas, Danmark Energy Services, Inc., Panola County, 303 thousand reported
LAWLESS — gas, Fina Oil & Chemical Company, Panola County, 303 thousand reported
WERNER "G" UNIT — gas, Chevron U. S. A. Inc., Panola County, 303 thousand reported
JERNIGAN-EVANS — gas, Kabco Oil & Gas Company, Panola County, 303 thousand reported
WERNER-SPRADLEY UNIT — gas, Chevron U. S. A. Inc., Panola County, 303 thousand reported
SEALY, MAE UNIT — gas, Texaco E & P Inc., Panola County, 302 thousand reported
WHITAKER UNIT — gas, Pennzoil Exploration & Prod. Co., Panola County, 302 thousand reported
LAGRONE, H. H. GU 1 — gas, Samson Lone Star LP, Panola County, 302 thousand reported
CUMMINGS — gas, Sheridan Production Company, LLC, Panola County, 301 thousand reported
BRITTON GAS UNIT — gas, Goodrich Petroleum Company, Panola County, 301 thousand reported
J. H. BROWNING — gas, Patara Oil & Gas LLC, Panola County, 301 thousand reported
ADAMS, T. C. ET UX NCT-1 — gas, Texaco E & P Inc., Panola County, 301 thousand reported
CARTHAGE GAS UNIT — gas, Erso, Inc., Panola County, 301 thousand reported
THOMAS, CHARLES — gas, Seagull Energy E&P Inc., Panola County, 301 thousand reported
WERNER-LAGRONE — gas, Chevron U. S. A. Inc., Panola County, 301 thousand reported
HARRIS, J.W. — gas, Texaco E & P Inc., Panola County, 300 thousand reported
MCKAY GAS UNIT — gas, Texas Utilities Mining Co., Panola County, 300 thousand reported
CGU 19 — gas, Union Pacific Resources Company, Panola County, 300 thousand reported
CGU 9 — gas, Union Pacific Resources Company, Panola County, 300 thousand reported
BOWEN G.U. 1 — gas, Fredonia Resources Inc., Panola County, 300 thousand reported
HILL LAKE UNIT — gas, Harleton Oil & Gas Inc., Panola County, 300 thousand reported
YARBOROUGH — gas, Sonat Exploration Company -Tyler, Panola County, 300 thousand reported
HULL UNIT A — gas, Pennzoil Exploration & Prod. Co., Panola County, 299 thousand reported
BRUMBLE, G.W. NCT-1 — gas, Texaco E & P Inc., Panola County, 299 thousand reported
NEAL, JOHN S. GAS UNIT — gas, Anadarko E&P Onshore LLC, Panola County, 299 thousand reported
CARTHAGE GAS UNIT — gas, Enron Oil & Gas Company, Panola County, 299 thousand reported
BELL, C.I. GAS UNIT 1 — gas, Craton Energy Company II LLC, Panola County, 299 thousand reported
JORDAN — gas, Odegard Energy, Inc., Panola County, 299 thousand reported
METCALF "I" — gas, Chinn Exploration Company, Panola County, 298 thousand reported
CARTHAGE GAS UNIT NO. 3-A — gas, Chevron U. S. A. Inc., Panola County, 298 thousand reported
CGU 24 — gas, Union Pacific Resources Company, Panola County, 297 thousand reported
WEST PHILLIPS GAS UNIT — gas, Cabot Oil & Gas Corporation, Panola County, 297 thousand reported
REED, W. M. GAS UNIT — gas, Arco Oil & Gas Co., Panola County, 297 thousand reported
HULL UNIT A — gas, Devon Energy Production Co, L.P., Panola County, 297 thousand reported
RITTER UNIT 1 — gas, Enron Oil & Gas Company, Panola County, 297 thousand reported
BRANNON — gas, Devon Energy Production Co, L.P., Panola County, 297 thousand reported
KYLE, J. R. -A- — gas, Anadarko E&P Company LP, Panola County, 296 thousand reported
BRITTON GAS UNIT — gas, Goodrich Petroleum Company, Panola County, 296 thousand reported
SPARKS — gas, Graward Operating, Inc., Panola County, 296 thousand reported
MORELOCK — gas, Winchester Production Company, Panola County, 296 thousand reported
CHADWICK UNIT — gas, Devon Energy Production Co, L.P., Panola County, 295 thousand reported
FENDER, H. R. — gas, Seagull Mid-South, Inc., Panola County, 294 thousand reported
CARTHAGE GU 2 ROSS — gas, Exxon Corp., Panola County, 294 thousand reported
GUILL, C. — gas, Samson Lone Star LP, Panola County, 294 thousand reported
FROST UNIT #4 — gas, Lacy, R., Inc., Panola County, 294 thousand reported
WERNER-HULL GU — gas, Texaco E & P Inc., Panola County, 294 thousand reported
SPEARS — gas, Goldsmith, J. Paul, Panola County, 293 thousand reported
SOAPE, A. C. — gas, Arco Oil & Gas Co., Panola County, 293 thousand reported
TILLER, LLOYD "B" — gas, Kabco Oil & Gas Company, Panola County, 293 thousand reported
GULLEY, MARVIN — gas, Xto Energy Inc., Panola County, 293 thousand reported
REILLY-TILLER — gas, Graward Operating, Inc., Panola County, 293 thousand reported
PARKER UNIT 2 — gas, Lacy Operations, Ltd., Panola County, 292 thousand reported
ROSS, J.T. CV GAS UNIT — gas, Texaco E & P Inc., Panola County, 292 thousand reported
MIDYETT-GULLEY UNIT — gas, Xto Energy Inc., Panola County, 292 thousand reported
STEELE, CORRIE UNIT — gas, Devon Energy Production Co, L.P., Panola County, 291 thousand reported
FRED KYLE UNIT — gas, Xto Energy Inc., Panola County, 291 thousand reported
BOLES, A. M. — gas, Arco Oil & Gas Co., Panola County, 291 thousand reported
PAYNE — gas, Samson Lone Star LP, Panola County, 291 thousand reported
BEALL-NORMAN — gas, Texaco E & P Inc., Panola County, 291 thousand reported
HANCOCK-SMITH GAS UNIT — gas, Kerr-Mcgee Corporation, Panola County, 290 thousand reported
WHITE, WERNER — gas, Harleton Oil & Gas Inc., Panola County, 289 thousand reported
DUNAWAY GAS UNIT — gas, Harleton Oil & Gas Inc., Panola County, 289 thousand reported
JERNIGAN, MATTIE — gas, Devon Louisiana Corporation, Panola County, 289 thousand reported
CARTHAGE GAS UNIT — gas, Eog Resources, Inc., Panola County, 289 thousand reported
BROOKS, C. — gas, Patara Oil & Gas LLC, Panola County, 289 thousand reported
STERRETT — gas, Valence Operating Company, Panola County, 288 thousand reported
ANDERSON, ALMA GAS UNIT — gas, Classic Oil & Gas, Inc., Panola County, 288 thousand reported
DUNAWAY GAS UNIT — gas, Andrew Alan Exploration, Inc., Panola County, 288 thousand reported
CGU 6 — gas, Union Pacific Resources Company, Panola County, 287 thousand reported
WERNER-CARTER UNIT — gas, Chevron U. S. A. Inc., Panola County, 287 thousand reported
ANDERSON, M. K. — gas, Ac Exploration, LLC, Panola County, 287 thousand reported
SMITH-BIRD UNIT — gas, Pennzenergy Exp. & Prod., L.L.C., Panola County, 287 thousand reported
WERNER-LEFOY UNIT — gas, Chevron U. S. A. Inc., Panola County, 287 thousand reported
WERNER-MATTHEWS — gas, Sendero Energy Inc., Panola County, 287 thousand reported
SMITH, ELLA UNIT 2 — gas, Lacy, R., Inc., Panola County, 287 thousand reported
SHARP, BELLE — gas, Texas American Resources Company, Panola County, 287 thousand reported
HOLLAND GAS UNIT NO. 1 — gas, Craton Energy Holdings III, LP, Panola County, 286 thousand reported
LISTON, W.L. — gas, Sonat Exploration Company -Tyler, Panola County, 286 thousand reported
DAVIS, A.L. — gas, Devon Louisiana Corporation, Panola County, 286 thousand reported
BOURN — gas, Samson Lone Star LP, Panola County, 285 thousand reported
CGU 31 — gas, Union Pacific Resources Company, Panola County, 285 thousand reported
JERNIGAN, R.A. UNIT 3 — gas, Par Minerals Corporation, Panola County, 285 thousand reported
BRITTON GAS UNIT — gas, Goodrich Petroleum Company, Panola County, 285 thousand reported
MOORE, LLOYD GAS UNIT — gas, Union Pacific Resources Company, Panola County, 285 thousand reported
SEMPRA ENERGY — gas, Maximus Operating, Ltd., Panola County, 285 thousand reported
ADAMS G.U. 1 — gas, Sonat Exploration Company -Tyler, Panola County, 285 thousand reported
HARRIS, J.W. — gas, Texaco E & P Inc., Panola County, 284 thousand reported
ALLISON UNIT — gas, Devon Energy Production Co, L.P., Panola County, 284 thousand reported
MARSHALL, HOMER — gas, Rme Petroleum Company, Panola County, 284 thousand reported
POWELL "A-2" UNIT — gas, Chevron U. S. A. Inc., Panola County, 284 thousand reported
DEADWOOD UNIT — gas, Chevron U. S. A. Inc., Panola County, 284 thousand reported
JORDAN GAS UNIT — gas, Pennzoil Exploration & Prod. Co., Panola County, 283 thousand reported
HANCOCK — gas, Pennzoil Exploration & Prod. Co., Panola County, 283 thousand reported
KELLER, C. — gas, Samson Lone Star LP, Panola County, 282 thousand reported
HOPPER UNIT NO. 1 — gas, Eog Resources, Inc., Panola County, 282 thousand reported
WIENER — gas, Delta Exploration Company, Inc., Panola County, 282 thousand reported
COPELAND UNIT 2 — gas, Enron Oil & Gas Company, Panola County, 282 thousand reported
CAUDLE, DAHLIA O. UNIT #1 — gas, Union Pacific Resources Company, Panola County, 282 thousand reported
BROADAWAY — gas, Buffco Production Inc., Panola County, 281 thousand reported
BROOKS, C. — gas, Ac Exploration, LLC, Panola County, 281 thousand reported
CGU 4 — gas, Union Pacific Resources Company, Panola County, 280 thousand reported
ADAMS-FINA — gas, Texaco E & P Inc., Panola County, 280 thousand reported
MORELOCK — gas, Winchester Production Company, Panola County, 280 thousand reported
FITE UNIT — gas, Pennzoil Exploration & Prod. Co., Panola County, 279 thousand reported
JOHNSON, ROBERT — gas, Basa Resources, Inc., Panola County, 279 thousand reported
KANGAROO GAS UNIT 16 — gas, Union Pacific Resources Company, Panola County, 279 thousand reported
CARTER ESTATE — gas, Cypress Operating, Inc., Panola County, 279 thousand reported
MURVAUL GAS UNIT — gas, Basa Resources, Inc., Panola County, 279 thousand reported
HULL UNIT B — gas, Devon Energy Production Co, L.P., Panola County, 279 thousand reported
CRENSHAW GAS UNIT NO. 1 — gas, Texaco E & P Inc., Panola County, 279 thousand reported
WALKER — gas, Eason Production Company, Panola County, 279 thousand reported
BURTON, BILLIE JEAN — gas, Devon Energy Production Co, L.P., Panola County, 278 thousand reported
SEALEY, MAY — gas, Chevron U. S. A. Inc., Panola County, 278 thousand reported
SOAPE, A.C. GAS UNIT — gas, Arco Oil & Gas Co., Panola County, 278 thousand reported
CRENSHAW "A" — gas, MGF Oil Corporation, Panola County, 278 thousand reported
WERNER, LOUIS, -E- — oil, Jeems Bayou Production Corp., Panola County, 278 thousand reported
BROWN UNIT 1 — gas, Lacy, R., Inc., Panola County, 278 thousand reported
DENNARD UNIT — gas, Devon Energy Production Co, L.P., Panola County, 276 thousand reported
CUMMINGS — gas, Arkla Exploration Co., Panola County, 276 thousand reported
MOTLEY HEIRS — gas, Bowles Energy, Inc., Panola County, 275 thousand reported
PANOLA 2 UNIT — gas, Conocophillips Company, Panola County, 274 thousand reported
KYLE, FRED UNIT — gas, Sojourner Drilling Corporation, Panola County, 274 thousand reported

Production figures are as reported to the Railroad Commission of Texas. Values shown on lease pages are estimates produced by fitting a decline curve to that reported history; they are not offers or appraisals.