Texas· County Detail
Prefer to talk? Call (432) 400-4602
No broker fees. No auction. We close with our own capital.
By Brad Caponigro, Founder · Last updated Jan 2026
Production data through Jan 2026
as of Jan 2026
as of Jan 2026
as of Jan 2026
as of Jan 2026
Over the twelve most recent reported months, Panola County wells produced about 977,883 barrels of oil and 639.2 million Mcf of gas — an average of 2,679 barrels and 1,751,351 Mcf per day. That output comes from roughly 6,688 active wells, with 944 permitted locations on file. The latest six months are running ahead of the prior six — the signature of new wells coming online.
977,883 barrels of oil, Feb 2025 → Jan 2026
639,243,104 Mcf of natural gas, Feb 2025 → Jan 2026
Rates shown as barrels of oil per day and Mcf of natural gas per day, computed from monthly totals reported to TX RRC PDQ (county aggregation). Jan 2020 through Jan 2026. Download CSV · See methodology.
| Month | Oil (Bbl) | Gas (Mcf) |
|---|---|---|
| Jan 2020 | 157,470 | 39,659,407 |
| Feb 2020 | 143,920 | 36,899,238 |
| Mar 2020 | 152,474 | 41,466,868 |
| Apr 2020 | 143,105 | 42,031,197 |
| May 2020 | 126,998 | 43,881,150 |
| Jun 2020 | 120,508 | 40,970,635 |
| Jul 2020 | 119,967 | 41,338,696 |
| Aug 2020 | 116,754 | 42,451,641 |
| Sep 2020 | 114,507 | 41,850,556 |
| Oct 2020 | 117,716 | 45,819,164 |
| Nov 2020 | 118,856 | 47,292,881 |
| Dec 2020 | 139,151 | 47,713,321 |
| Jan 2021 | 135,366 | 45,185,540 |
| Feb 2021 | 106,403 | 38,276,319 |
| Mar 2021 | 134,046 | 52,822,675 |
| Apr 2021 | 118,609 | 55,897,125 |
| May 2021 | 123,002 | 57,617,172 |
| Jun 2021 | 130,559 | 59,590,659 |
| Jul 2021 | 135,113 | 63,690,257 |
| Aug 2021 | 129,358 | 59,367,452 |
| Sep 2021 | 146,815 | 54,615,509 |
| Oct 2021 | 146,037 | 57,945,530 |
| Nov 2021 | 142,470 | 56,409,546 |
| Dec 2021 | 139,090 | 60,665,620 |
| Jan 2022 | 134,120 | 67,063,745 |
| Feb 2022 | 132,681 | 62,562,164 |
| Mar 2022 | 149,345 | 70,187,041 |
| Apr 2022 | 134,172 | 69,165,013 |
| May 2022 | 130,050 | 70,994,483 |
| Jun 2022 | 122,719 | 63,938,235 |
| Jul 2022 | 122,142 | 61,888,815 |
| Aug 2022 | 124,864 | 61,487,889 |
| Sep 2022 | 122,133 | 60,079,796 |
| Oct 2022 | 123,406 | 61,238,081 |
| Nov 2022 | 112,896 | 61,646,983 |
| Dec 2022 | 117,490 | 62,996,451 |
| Jan 2023 | 124,996 | 62,807,105 |
| Feb 2023 | 111,437 | 57,286,949 |
| Mar 2023 | 123,144 | 62,147,716 |
| Apr 2023 | 115,644 | 58,994,098 |
| May 2023 | 110,597 | 60,968,930 |
| Jun 2023 | 98,435 | 56,236,295 |
| Jul 2023 | 96,132 | 56,671,256 |
| Aug 2023 | 92,569 | 58,594,262 |
| Sep 2023 | 93,260 | 59,655,442 |
| Oct 2023 | 104,694 | 64,122,743 |
| Nov 2023 | 103,173 | 59,003,707 |
| Dec 2023 | 113,201 | 59,983,182 |
| Jan 2024 | 104,308 | 59,211,749 |
| Feb 2024 | 106,357 | 54,936,850 |
| Mar 2024 | 106,116 | 59,238,095 |
| Apr 2024 | 97,371 | 54,858,696 |
| May 2024 | 97,052 | 55,853,714 |
| Jun 2024 | 87,680 | 54,938,999 |
| Jul 2024 | 86,619 | 56,577,004 |
| Aug 2024 | 83,382 | 52,506,729 |
| Sep 2024 | 82,219 | 48,771,960 |
| Oct 2024 | 86,345 | 51,232,858 |
| Nov 2024 | 88,890 | 50,931,767 |
| Dec 2024 | 96,626 | 54,813,163 |
| Jan 2025 | 97,430 | 52,005,113 |
| Feb 2025 | 87,241 | 45,327,558 |
| Mar 2025 | 92,099 | 48,253,913 |
| Apr 2025 | 83,827 | 50,317,499 |
| May 2025 | 85,411 | 51,973,832 |
| Jun 2025 | 80,086 | 50,719,712 |
| Jul 2025 | 84,708 | 53,718,048 |
| Aug 2025 | 77,869 | 55,931,287 |
| Sep 2025 | 72,876 | 53,365,483 |
| Oct 2025 | 79,208 | 58,652,705 |
| Nov 2025 | 77,804 | 54,595,747 |
| Dec 2025 | 85,189 | 58,374,557 |
| Jan 2026 | 71,565 | 58,012,763 |
| Operator | Parent | Ticker | HQ |
|---|---|---|---|
| Comstock Resources | — | CRK(NYSE) | Frisco, TX |
| Aethon Energy | — | Private | Dallas, TX |
| Sabine Oil & Gas | — | Private | Houston, TX |
Public-company tickers link to investor relations. Private operators are marked as such and do not carry a ticker.
We also buy overriding royalty interests (ORRIs) and non-participating royalty interests (NPRIs) in Panola County — common for tracts under leases held by major operators with carried-out royalty structures.
Yes. Panola County is on our active buy list. We buy mineral interests, royalty interests, NPRI, and ORRI on both producing and non-producing tracts targeting the Haynesville and Cotton Valley formations.
The most active operators we track in Panola County include Comstock Resources, Aethon Energy, Sabine Oil & Gas. We regularly buy interests held under leases with these operators.
Panola County sits in the Haynesville Shale, where the primary target is haynesville / cotton valley. Here we underwrite the Haynesville and Cotton Valley formations.
Last-six-month volumes in Panola County are running meaningfully above the prior six months, which usually means new wells are coming online. That tends to firm up offer values on producing tracts in the same area.
Yes. Panola County is one of our top-tier acquisition areas. We can usually turn an offer around in 48 hours and we will compete on price for tracts inside the active development area.
Panola County sits in the East Texas Haynesville Shale (and the overlying Cotton Valley Bossier section), which is one of the most prolific dry-gas plays in the U.S. Wells are deep (~10,000-13,000 ft) and pressures are high, producing very large initial gas volumes. The county is drilled by several major Haynesville operators with active continuous development. Bonuses and royalty multiples in Panola County track other Haynesville core counties (Harrison TX, DeSoto LA, Caddo LA).
Two main reasons. First, Haynesville gas pricing tracks Henry Hub but with a gathering/processing/transportation discount that varies by operator and pipeline. Second, post-production cost deductions on Haynesville gas can be substantial — gathering, compression, dehydration, and transportation to Henry Hub run 8-15% of gross. Realized prices on your check should be the post-deduction net, but the deductions are not always shown line-item. Compare your realized price to the Henry Hub cash price for the production month and look for unexplained gaps.
Most Haynesville leases in Panola County cover the full leasehold including Cotton Valley and Bossier intervals. Many operators have Cotton Valley wells in addition to Haynesville wells on the same units, and royalty under the same lease covers both. If your unit has both Haynesville and Cotton Valley production, your check should show royalty from both wells (often as separate line items). The combined economics are typically meaningful additions to the underlying Haynesville cash flow.
Closings on Panola County mineral rights typically take 7 to 30 days from the date you accept our offer, depending on title complexity. We handle county-level title work, PSA drafting, mineral deed preparation, and notary coordination at our expense.
Just a tract description (abstract or survey, section/township/range, or a legal description from your deed) and any recent royalty check stubs if the interest is producing. You do not need to gather deeds or title opinions up front.
Panola County sits in the Haynesville Shale, where operators are targeting haynesville / cotton valley. Activity is led by names like Comstock Resources, Aethon Energy, Sabine Oil & Gas, and new drilling continues to shape the play across the Haynesville and Cotton Valley formations.
If you hold mineral rights, royalty interests, NPRI, or ORRI anywhere in the county, we'd like to put a written offer in front of you. Every offer we send is funded from our own balance sheet — there's no auction, no broker markup, and no third-party capital waiting to approve the deal.
Panola County is one of our highest-priority acquisition areas. Top-tier operators are running active drilling programs here and we're making offers on both producing and non-producing tracts.
Last-six-month production is up meaningfully vs the prior six, which usually signals new wells coming online.