PANOLA DEVELOPMENT CO.
PANOLA DEVELOPMENT CO. is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Glassell Producing Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2025 to August 2026, totalling 2,014 thousand cubic feet. The lease is currently producing. 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 $20K, with roughly $3K 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 142 thousand cubic feet a month. Its strongest month on the record we hold was August 2025, at 326 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 DEVELOPMENT CO.
- Who operates PANOLA DEVELOPMENT CO.?
- PANOLA DEVELOPMENT CO. is operated by Glassell Producing Company, Inc., Railroad Commission of Texas operator number 309515.
- Where is PANOLA DEVELOPMENT CO.?
- PANOLA DEVELOPMENT CO. is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 299990.
- Is PANOLA DEVELOPMENT CO. still producing?
- PANOLA DEVELOPMENT CO. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PANOLA DEVELOPMENT CO. is August 2026.
- How much has PANOLA DEVELOPMENT CO. produced?
- PANOLA DEVELOPMENT CO. has reported 2,014 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2025 and August 2026, from 1 wellbore.
- How much is PANOLA DEVELOPMENT CO. worth?
- The remaining production from PANOLA DEVELOPMENT CO. is estimated to be worth about $20K in total as of 26 August 2026, within a range of $15K to $24K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PANOLA DEVELOPMENT CO. is a fraction of it. The estimate fits an Arps decline curve to the production PANOLA DEVELOPMENT CO. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PANOLA DEVELOPMENT CO. is an estimate of value, not an offer and not an appraisal.
- How much income does PANOLA DEVELOPMENT CO. generate in a year?
- PANOLA DEVELOPMENT CO. is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PANOLA DEVELOPMENT CO. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Glassell Producing Company, Inc. |
|---|---|
| Field | Carthage (Pettit, Upper) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 299990 |
| Wellbores | 1 |
| Reported production | 2,014 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $20K |
Where PANOLA DEVELOPMENT CO. 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.