PANOLA 2 UNIT
PANOLA 2 UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Conocophillips Company. It has 1 wellbore on file with the Commission. Reported production runs from December 2008 to August 2026, totalling 608,915 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 $77K, with roughly $18K 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 582 thousand cubic feet a month. Its strongest month on the record we hold was February 2026, at 1,644 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 PANOLA 2 UNIT
- Who operates PANOLA 2 UNIT?
- PANOLA 2 UNIT is operated by Conocophillips Company, Railroad Commission of Texas operator number 172232.
- 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 248365.
- 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 608,915 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2008 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 $77K in total as of 27 August 2026, within a range of $60K to $94K. 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 $18K across the whole undivided lease over the twelve months following 27 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 | Conocophillips Company |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 248365 |
| Wellbores | 1 |
| Reported production | 608,915 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $77K |
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.