Oil and gas leases in Panola County — page 39

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 39 of 47

GULLEY, MARVIN — gas, Fina Oil & Chemical Company, Panola County, 88 thousand reported
HUDSON-JOHNSON UNIT — gas, Devon Energy Production Co, L.P., Panola County, 88 thousand reported
CARTHAGE GAS UNIT 17 — gas, Valence Operating Company, Panola County, 88 thousand reported
HULL UNIT B — gas, Devon Energy Production Co, L.P., Panola County, 88 thousand reported
CARTER, MATTHEW — gas, Fortson Oil Company, Panola County, 88 thousand reported
ADAMS, T. C. N. C. T.-1 — gas, Texaco E & P Inc., Panola County, 88 thousand reported
ROQUEMORE GU — gas, Kabco Oil & Gas Company, Panola County, 88 thousand reported
SEALEY, TAYLOR GU — gas, Goodrich Petroleum Company, Panola County, 88 thousand reported
CARTHAGE UNIT #35 — gas, Union Pacific Resources Company, Panola County, 88 thousand reported
WERNER "D" — gas, Chevron U. S. A. Inc., Panola County, 87 thousand reported
POWERS, E.C. UNIT — gas, Chevron U. S. A. Inc., Panola County, 87 thousand reported
ANDERSON, ALMA GAS UNIT — gas, Xto Energy Inc., Panola County, 87 thousand reported
WERNER-POPE UNIT — gas, Chevron U. S. A. Inc., Panola County, 87 thousand reported
J.C. GUILL UNIT — oil, Harleton Oil & Gas Inc., Panola County, 87 thousand reported
CRNKO-BRIGGS — gas, Kerr-Mcgee Corporation, Panola County, 87 thousand reported
WERNER, LOUIS SAW MILL CO. — gas, Devon Energy Production Co, L.P., Panola County, 86 thousand reported
WERNER-JORDAN UNIT — gas, Texaco E & P Inc., Panola County, 86 thousand reported
HULL A 21 UNIT — gas, Sheridan Production Company, LLC, Panola County, 86 thousand reported
CARTHAGE GAS UNIT 15 — gas, Amoco Production Company, Panola County, 86 thousand reported
WERNER - CLARENCE GAS UNIT — gas, Chevron U. S. A. Inc., Panola County, 86 thousand reported
CALLOW 2 UNIT — gas, Tanos Exploration II, LLC, Panola County, 86 thousand reported
GUIDRY — gas, Sonat Exploration Company -Tyler, Panola County, 86 thousand reported
CARTER, OLA ESTATE — gas, SM Energy Company, Panola County, 85 thousand reported
CARTHAGE GAS UNIT — gas, Enron Oil & Gas Company, Panola County, 85 thousand reported
ADAMS, J. D. ET AL — gas, Brammer Petroleum, Inc., Panola County, 85 thousand reported
SMITH, ELLA UNIT 1 — gas, Lacy, R., Inc., Panola County, 85 thousand reported
MILLER — gas, Enduring Resources, LLC, Panola County, 85 thousand reported
CARTHAGE GAS UNIT 13 — gas, Amoco Production Company, Panola County, 85 thousand reported
H. BROWN — oil, Union Pacific Resources Company, Panola County, 85 thousand reported
BEALL, W.F. "B" — oil, Texaco E & P Inc., Panola County, 85 thousand reported
WIENER ESTATE ET AL — gas, L & R Petroleum, Panola County, 85 thousand reported
PORTER, RICHARD — gas, Sonat Exploration Company -Tyler, Panola County, 84 thousand reported
GULLEY, MARVIN — gas, Fina Oil & Chemical Company, Panola County, 84 thousand reported
AGURS, W. C. — gas, Hopewell Operating, Inc., Panola County, 84 thousand reported
DUNAWAY GAS UNIT — gas, Glassell Producing Company, Inc., Panola County, 83 thousand reported
LAGRONE-JETER — gas, Texaco E & P Inc., Panola County, 83 thousand reported
ADAMS-FINA — gas, Texaco E & P Inc., Panola County, 83 thousand reported
WIENER — gas, Pecos Petroleum Company, Panola County, 83 thousand reported
DEADWOOD UNIT — gas, Chevron U. S. A. Inc., Panola County, 83 thousand reported
CARTHAGE GAS UNIT 15 — gas, BP America Production Company, Panola County, 83 thousand reported
CAUDLE, DAHLIA O. UNIT #1 — gas, Union Pacific Resources Company, Panola County, 83 thousand reported
CARTHAGE GAS UNIT — gas, Enron Oil & Gas Company, Panola County, 83 thousand reported
BURNETT BROS. UNIT 1 — gas, Amoco Production Company, Panola County, 83 thousand reported
OSBORNE ESTATE UNIT 1 — gas, Petroleum Exchange Oper. Co. Inc, Panola County, 82 thousand reported
LAGRONE, T.S. UNIT — gas, Chevron U. S. A. Inc., Panola County, 82 thousand reported
BURTON ESTATE — gas, Samson Lone Star LP, Panola County, 82 thousand reported
BROWN, J. C. — gas, Exxon Corp., Panola County, 82 thousand reported
BLOUNT — gas, Sonat Exploration Company -Tyler, Panola County, 82 thousand reported
HULL UNIT A — gas, Sheridan Production Company, LLC, Panola County, 81 thousand reported
BEALL-NORMAN UNIT — gas, Texaco E & P Inc., Panola County, 81 thousand reported
HARRISON, J. A. — gas, Brammer Petroleum, Inc., Panola County, 81 thousand reported
OLIN INDUSTRIES — gas, Bowles Energy, Inc., Panola County, 81 thousand reported
CRENSHAW GAS UNIT #2 — gas, Texaco E & P Inc., Panola County, 81 thousand reported
ALEXANDER, GENEVA FURRH ET AL — gas, Seagull Energy E&P Inc., Panola County, 80 thousand reported
FLEMING — oil, Pecos Petroleum Company, Panola County, 80 thousand reported
LANGFORD — gas, Sheridan Production Company, LLC, Panola County, 80 thousand reported
WERNER-SHAW — gas, Texaco E & P Inc., Panola County, 80 thousand reported
MOORE UNIT — gas, Devon Energy Production Co, L.P., Panola County, 80 thousand reported
FURRH-MCMILLAN — gas, Texaco E & P Inc., Panola County, 79 thousand reported
HAVARD, ALPHA — gas, Arkla Exploration Co., Panola County, 79 thousand reported
PANOLA DEVELOPMENT CO. — gas, Glassell, Alfred C., JR., Panola County, 79 thousand reported
KNIGHT, L.G. — gas, Forest Oil Corporation, Panola County, 79 thousand reported
HOUGH SHIVERS 'A' OIL UNIT — oil, Chevron U. S. A. Inc., Panola County, 78 thousand reported
WERNER-STEPHENS — gas, Texaco E & P Inc., Panola County, 78 thousand reported
WOOLWORTH, J. D. UNIT — oil, Hopewell Operating, Inc., Panola County, 78 thousand reported
CREECH, VIOLA — gas, Texaco E & P Inc., Panola County, 78 thousand reported
LATHAM ESTATE — gas, S M K Energy Corporation, Panola County, 78 thousand reported
KYLE, J. R. "A" — gas, Rme Petroleum Company, Panola County, 78 thousand reported
SEMPRA — gas, Harleton Oil & Gas Inc., Panola County, 78 thousand reported
WIENER ESTATE ETAL — gas, Fredonia Resources Inc., Panola County, 77 thousand reported
LILLY UNIT — gas, Devon Energy Production Co, L.P., Panola County, 77 thousand reported
MOTLEY, LUKE — gas, Key Production Co., Panola County, 77 thousand reported
WALLACE UNIT — gas, Devon Energy Production Co, L.P., Panola County, 77 thousand reported
HOOKER, SUSAN E. ET AL — gas, Brock Oil & Gas Corporation, Panola County, 77 thousand reported
SMITH, A. — gas, Conquest Energy, Inc., Panola County, 77 thousand reported
DEADWOOD UNIT — gas, Chevron U. S. A. Inc., Panola County, 77 thousand reported
WHITAKER UNIT — gas, Devon Energy Production Co, L.P., Panola County, 77 thousand reported
WERNER-THOMPSON UNIT — gas, Chevron U. S. A. Inc., Panola County, 77 thousand reported
CUMMINGS — gas, Seagull Energy E&P Inc., Panola County, 77 thousand reported
POWERS, E.C. A — oil, Chevron U. S. A. Inc., Panola County, 77 thousand reported
AMERICAN LEGION — gas, Chevron U. S. A. Inc., Panola County, 76 thousand reported
WERNER-JORDAN UNIT — gas, Chevron U. S. A. Inc., Panola County, 76 thousand reported
ADAMS, T. C. ET UX NCT-1 — gas, Chevron U. S. A. Inc., Panola County, 76 thousand reported
CARTHAGE GAS UNIT — gas, Eog Resources, Inc., Panola County, 76 thousand reported
WERNER-CARAWAY — gas, Big Run Production Company, Panola County, 76 thousand reported
WERNER-LEFOY — gas, Chevron U. S. A. Inc., Panola County, 76 thousand reported
WILLIAMSON — gas, Enduring Resources, LLC, Panola County, 76 thousand reported
TODD — gas, M. E. Operating & Services, Inc., Panola County, 76 thousand reported
ALEXANDER, GENEVA FURRH ET AL — gas, Devon Energy Production Co, L.P., Panola County, 76 thousand reported
TILLER "A" — gas, Pennzoil Exploration & Prod. Co., Panola County, 76 thousand reported
SHAW — gas, Rodessa Management, Inc., Panola County, 76 thousand reported
LAWSON-MORGAN GAS UNIT — gas, Sonat Exploration Company -Tyler, Panola County, 76 thousand reported
BAKER, SALLIE — gas, Texaco E & P Inc., Panola County, 75 thousand reported
GUILL, C. — gas, Samson Lone Star LP, Panola County, 75 thousand reported
MULLINS — gas, Sheridan Production Co III, LLC, Panola County, 75 thousand reported
KNIGHT, L.G. — gas, Forest Oil Corporation, Panola County, 75 thousand reported
CARTHAGE GAS UNIT 17 — gas, Valence Operating Company, Panola County, 75 thousand reported
FLOYD GAS UNIT — gas, Fina Oil & Chemical Company, Panola County, 75 thousand reported
NEAL, SALLIE J. UNIT — gas, Union Pacific Resources Company, Panola County, 75 thousand reported
HARDY, D.B. — gas, Fredonia Resources Inc., Panola County, 75 thousand reported
ADAMS, T.C. NCT-1 — gas, Chevron U. S. A. Inc., Panola County, 75 thousand reported
HULL UNIT A — gas, Devon Energy Production Co, L.P., Panola County, 75 thousand reported
CRENSHAW, BETTIE — gas, Texaco E & P Inc., Panola County, 74 thousand reported
MCMILLIAN, KATE — gas, Chevron U. S. A. Inc., Panola County, 74 thousand reported
BRIGGS, W.F. — gas, Sonat Exploration Company -Tyler, Panola County, 74 thousand reported
BRIGGS, H. W. UNIT — gas, Texaco E & P Inc., Panola County, 74 thousand reported
MCMILLAN, KATE UNIT — gas, Texaco E & P Inc., Panola County, 74 thousand reported
LILLY UNIT — gas, Devon Energy Production Co, L.P., Panola County, 74 thousand reported
ROWE, JOE — gas, Brock Oil & Gas Corporation, Panola County, 74 thousand reported
CHRISTIAN, C.O. HEIRS UNIT — gas, Glassell, Alfred C., JR., Panola County, 74 thousand reported
BEALL, W. F. "A" — gas, Chevron U. S. A. Inc., Panola County, 73 thousand reported
WERNER "E" — gas, Chevron U. S. A. Inc., Panola County, 73 thousand reported
SMITH, J. J. — gas, Anadarko E&P Company LP, Panola County, 73 thousand reported
WERNER -G- GAS UNIT — gas, Texaco E & P Inc., Panola County, 73 thousand reported
PARKER — gas, Loutex Production Company, Panola County, 73 thousand reported
YOUNGBLOOD-ROE UNIT — gas, Devon Energy Production Co, L.P., Panola County, 73 thousand reported
WERNER-NEEDHAM — gas, O'Benco, Inc., Panola County, 73 thousand reported
G. R. BARNETTE UNIT — oil, Union Pacific Resources Company, Panola County, 72 thousand reported
WILLIAMSON — gas, Devon Energy Production Co, L.P., Panola County, 72 thousand reported
SOAPE, C. D., MRS. — gas, Brock Oil & Gas Corporation, Panola County, 72 thousand reported
PANOLA DEVELOPMENT COMPANY — gas, Glassell Producing Company, Inc., Panola County, 72 thousand reported
KYLE — gas, Richey Properties, Inc., Panola County, 72 thousand reported
BRANNON, J. R. — gas, Seagull Mid-South, Inc., Panola County, 71 thousand reported
CGU 20 — gas, Cci East Texas Upstream LLC, Panola County, 71 thousand reported
WILLIAMS, T. S. — gas, Pinewood Exploration Inc., Panola County, 71 thousand reported
HUDSON-JOHNSON UNIT — gas, Devon Energy Production Co, L.P., Panola County, 71 thousand reported
JONES, ROSA — gas, Oklahoma RB Operating Company, Panola County, 71 thousand reported
MIDYETT-GULLEY — gas, Fina Oil & Chemical Company, Panola County, 71 thousand reported
SHAW, R. F. — oil, Siroco Operating Co., Inc., Panola County, 71 thousand reported
WEINER, WM. B. JR. — gas, Mcrae Exploration & Prod., Inc., Panola County, 71 thousand reported
JANUARY — gas, Strand Energy, L.C., Panola County, 71 thousand reported
BURNETT — oil, Enron Oil & Gas Company, Panola County, 71 thousand reported
ANDERSON, ALMA GAS UNIT — gas, Classic Oil & Gas, Inc., Panola County, 71 thousand reported
NEAL, SALLIE J. "A" UNIT — gas, Lacy Operations, Ltd., Panola County, 71 thousand reported
BRUMBLE — gas, Burk Royalty Company, Panola County, 71 thousand reported
WERNER-BRELSFORD UNIT — gas, Texaco E & P Inc., Panola County, 71 thousand reported
H.D. BROWNING GAS UNIT NO. 1 — gas, Slant Operating, LLC, Panola County, 71 thousand reported
CRENSHAW UNIT — gas, Pennzoil Exploration & Prod. Co., Panola County, 70 thousand reported
HUDSON-JOHNSON UNIT — gas, Devon Energy Production Co, L.P., Panola County, 70 thousand reported
GULLEY, M.E. GAS UNIT — gas, Devon Energy Production Co, L.P., Panola County, 70 thousand reported
CARROLL, A.E. UNIT — gas, S M K Energy Corporation, Panola County, 70 thousand reported
H.G. SHIVERS OIL UNIT — oil, Chevron U. S. A. Inc., Panola County, 70 thousand reported
WERNER, L. SAWMILL CO. UNIT 3 — gas, Snyder Oil Corporation, Panola County, 69 thousand reported
HOLLAND — gas, Buffco Production Inc., Panola County, 69 thousand reported
WELLS, M. W. — gas, Hopewell Operating, Inc., Panola County, 69 thousand reported
PAYNE — gas, Williams, Clayton Energy, Inc., Panola County, 69 thousand reported
JIM G. SEALEY — oil, Union Pacific Resources Company, Panola County, 69 thousand reported
BRITTON OIL UNIT — oil, Union Pacific Resources Company, Panola County, 69 thousand reported
FURRH-TIMMONS -B- — oil, Burk Royalty Company, Panola County, 68 thousand reported
BROWN, H. — oil, Union Pacific Resources Company, Panola County, 68 thousand reported
WERNER-CLARENCE — gas, Texaco E & P Inc., Panola County, 68 thousand reported
CGU 15 — gas, Union Pacific Resources Company, Panola County, 68 thousand reported
COLLINS UNIT — gas, Devon Energy Production Co, L.P., Panola County, 68 thousand reported
CARTHAGE GAS UNIT — gas, Enron Oil & Gas Company, Panola County, 68 thousand reported
COLLINS UNIT — gas, Devon Energy Production Co, L.P., Panola County, 67 thousand reported
SOAPE, C.P. — gas, Ocean Energy, Inc., Panola County, 67 thousand reported
HOLMES, PRIESTLY GAS UNIT — gas, Anadarko E&P Company LP, Panola County, 67 thousand reported
WEDGEWORTH, JOE — gas, Seagull Mid-South, Inc., Panola County, 67 thousand reported
SOAPE, A. C. GAS UNIT — gas, BP America Production Company, Panola County, 67 thousand reported
CARTHAGE UNIT — gas, Erso, Inc., Panola County, 67 thousand reported
BARNES, OLA OIL UNIT — oil, Union Pacific Resources Company, Panola County, 67 thousand reported
GLASPIE, OCIE GU — gas, Vastar Resources, Inc., Panola County, 67 thousand reported
HULL A-21 UNIT — gas, Sheridan Production Co III, LLC, Panola County, 67 thousand reported
BROUGHER — gas, Shelby Operating Company, Panola County, 67 thousand reported
WILLIS — gas, Penn Virginia Oil & Gas, L.P., Panola County, 67 thousand reported
KIRBY, AMBER — gas, Texaco E & P Inc., Panola County, 67 thousand reported
HOLLAND, LELAND — gas, Buffco Production Inc., Panola County, 67 thousand reported
SAWMILL, LOUIS WERNER — oil, Falco S & D, Inc., Panola County, 67 thousand reported
WERNER "E" UNIT — gas, Texaco E & P Inc., Panola County, 67 thousand reported
DANIELS, Z.L. GAS UNIT — gas, Brammer Petroleum, Inc., Panola County, 67 thousand reported
CHADWICK UNIT — gas, Pennzenergy Exp. & Prod., L.L.C., Panola County, 67 thousand reported
MATHEWS, S. GAS UNIT — gas, Texaco E & P Inc., Panola County, 67 thousand reported
WERNER-LAGRONE — gas, Harleton Oil & Gas Inc., Panola County, 66 thousand reported
COPELAND OIL UNIT — oil, Eog Resources, Inc., Panola County, 66 thousand reported
HUDSON, NELL — gas, Ocean Energy, Inc., Panola County, 66 thousand reported
HOWE ESTATE — gas, Sonat Exploration Company -Tyler, Panola County, 66 thousand reported
JANUARY — gas, Basa Resources, Inc., Panola County, 65 thousand reported
ROSS, E W — oil, Anadarko E&P Company LP, Panola County, 65 thousand reported
WEINER, WERNER GAS UNIT — gas, Fina Oil & Chemical Company, Panola County, 65 thousand reported
SMITH FARMS — gas, Enduring Resources, LLC, Panola County, 65 thousand reported
WILSON UNIT — gas, Sheridan Production Company, LLC, Panola County, 65 thousand reported
FITE — gas, Pennzoil Exploration & Prod. Co., Panola County, 65 thousand reported
MANGHAM UNIT — gas, Devon Energy Production Co, L.P., Panola County, 65 thousand reported
BRIGGS UNIT I — gas, Lacy, R., Inc., Panola County, 65 thousand reported
BROOKS, W.S. — gas, First Texas Exploration Corp., Panola County, 65 thousand reported
RUSHING, E. O. — gas, Brammer Petroleum, Inc., Panola County, 64 thousand reported
WERNER SAWMILL, L. CO. "D" UNIT — gas, Pennzoil Exploration & Prod. Co., Panola County, 64 thousand reported
YOUNGBLOOD-ROE UNIT — gas, Pennzoil Exploration & Prod. Co., Panola County, 64 thousand reported
WERNER-BRELSFORD — gas, Texaco E & P Inc., Panola County, 64 thousand reported
CAVIN FEE — oil, Siroco Operating Co., Inc., Panola County, 64 thousand reported
CAMPBELL, W. E. — oil, Shelby, Michael H., Panola County, 64 thousand reported
CARTER, W.H. — gas, Kaiser-Francis Oil Company, Panola County, 64 thousand reported
BAKER, J.B. — gas, Texaco E & P Inc., Panola County, 63 thousand reported
CARTHAGE GAS UNIT — gas, Enron Oil & Gas Company, Panola County, 63 thousand reported
NEAL — gas, Sheridan Production Co III, LLC, Panola County, 63 thousand reported
BROWN, HERMAN GAS UNIT — gas, Vastar Resources, Inc., Panola County, 63 thousand reported
SOUTHLAND PAPER COMPANY "A" UNIT — gas, Chevron U. S. A. Inc., Panola County, 63 thousand reported
KATE MCMILLAN UNIT — gas, Texaco E & P Inc., Panola County, 63 thousand reported
OSBORNE ESTATE — gas, Conquest Energy, Inc., Panola County, 63 thousand reported
JERNIGAN, MATTIE — gas, Arkla Exploration Co., Panola County, 62 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.