PANOLA DEVELOPMENT COMPANY
PANOLA DEVELOPMENT COMPANY is a Texas oil 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 March 2021 to August 2026, totalling 1,104 barrels. 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 $126K, with roughly $17K 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 6 barrels a month. Its strongest month on the record we hold was March 2021, at 93 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 COMPANY
- Who operates PANOLA DEVELOPMENT COMPANY?
- PANOLA DEVELOPMENT COMPANY is operated by Glassell Producing Company, Inc., Railroad Commission of Texas operator number 309515.
- Where is PANOLA DEVELOPMENT COMPANY?
- PANOLA DEVELOPMENT COMPANY is a Texas oil lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15929.
- Is PANOLA DEVELOPMENT COMPANY still producing?
- PANOLA DEVELOPMENT COMPANY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PANOLA DEVELOPMENT COMPANY is August 2026.
- How much has PANOLA DEVELOPMENT COMPANY produced?
- PANOLA DEVELOPMENT COMPANY has reported 1,104 barrels of oil (bbl) to the Railroad Commission of Texas between March 2021 and August 2026, from 1 wellbore.
- How much is PANOLA DEVELOPMENT COMPANY worth?
- The remaining production from PANOLA DEVELOPMENT COMPANY is estimated to be worth about $126K in total as of 27 August 2026, within a range of $0 to $253K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PANOLA DEVELOPMENT COMPANY is a fraction of it. The estimate fits an Arps decline curve to the production PANOLA DEVELOPMENT COMPANY 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 COMPANY is an estimate of value, not an offer and not an appraisal.
- How much income does PANOLA DEVELOPMENT COMPANY generate in a year?
- PANOLA DEVELOPMENT COMPANY is forecast to net about $17K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PANOLA DEVELOPMENT COMPANY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Glassell Producing Company, Inc. |
|---|---|
| Field | Carthage (Travis Peak) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 15929 |
| Wellbores | 1 |
| Reported production | 1,104 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $126K |
Where PANOLA DEVELOPMENT COMPANY 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.