PANOLA 2 UNIT
PANOLA 2 UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Phillips Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from December 1995 to August 2026, totalling 960,088 thousand cubic feet. The lease is intermittent. 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 $12K, with roughly $2K 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 18 thousand cubic feet a month. Its strongest month on the record we hold was July 2024, at 839 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 PANOLA 2 UNIT
- Who operates PANOLA 2 UNIT?
- PANOLA 2 UNIT is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is PANOLA 2 UNIT?
- PANOLA 2 UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 157183.
- Is PANOLA 2 UNIT still producing?
- PANOLA 2 UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PANOLA 2 UNIT is August 2026.
- How much has PANOLA 2 UNIT produced?
- PANOLA 2 UNIT has reported 960,088 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 1995 and August 2026, from 1 wellbore.
- How much is PANOLA 2 UNIT worth?
- The remaining production from PANOLA 2 UNIT is estimated to be worth about $12K in total as of 26 August 2026, within a range of $7K to $17K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PANOLA 2 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PANOLA 2 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PANOLA 2 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PANOLA 2 UNIT generate in a year?
- PANOLA 2 UNIT is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PANOLA 2 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 157183 |
| Wellbores | 1 |
| Reported production | 960,088 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $12K |
Where PANOLA 2 UNIT 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.