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Texas gas well

Producing

PANOLA 2 UNIT

Panola 2 Unit is a gas well in Panola County, Texas, operated by Cr2 Energy LLC in the Carthage (Cotton Valley) field.

1 well

446mcf gas, last 12 months−16% vs prior year
Operator
Cr2 Energy LLC
County
Panola County
Field
Carthage (Cotton Valley)
RRC lease
06-098675

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Where it sits

This county

Panola CountyPanolaGreggUpshurShelbyRuskHarrisonMarionPanola County
Panola County
Gas in Jul 2026
52 mcf
Reporting since
Jan 2020

Checks stopped on this lease?

  • Operator

    Operator changed: Cr2 Energy LLC took over from Diversified Production LLC in Dec 2024.

  • Buyer

    Buyer changed: DIVERSIFIED PRODUCTION LLC replaced MARKWEST ENERGY E TX GAS CO, LLC as the buyer of this lease's gas from gas wells on Dec 1, 2024.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Gas output fell 16% over the last 12 months

Apr 2026 was not reported.

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 16% over the last 12 monthsMonthly gas production and oil for PANOLA 2 UNIT, Aug 2023 to Jul 2026. Gas output fell 16% over the last 12 months. 446 mcf in the 12 months through Jul 2026, against 534 mcf in the 12 months before.Last 12 months: 446 mcfmcf per monthbbl per month005010100201503020040Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 16% over the last 12 monthsMonthly gas production and oil for PANOLA 2 UNIT, Aug 2023 to Jul 2026. Gas output fell 16% over the last 12 months. 446 mcf in the 12 months through Jul 2026, against 534 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month005010100201503020040Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Oct 2025 the lease's gas goes to a transmission line instead of a processing plant

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
Since Oct 2025 the lease's gas goes to a transmission line instead of a processing plantShare of PANOLA 2 UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2025 the lease's gas goes to a transmission line instead of a processing plant.Share of the lease’s gas by disposition code, per month0%50%100%Oct 2025: plant to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Oct 2025 the lease's gas goes to a transmission line instead of a processing plantShare of PANOLA 2 UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Oct 2025 the lease's gas goes to a transmission line instead of a processing plant.Share of gas by disposition code0%50%100%Oct 25: plant to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    54% · 667 mcf

  • Transmission line (2)

    36% · 446 mcf

  • Lease fuel (1)

    9.7% · 120 mcf

Who has run this lease

The operator changed 2 times, most recently in Dec 2024

Operators of this lease over timeTanos Exploration II, LLC, Jan 2020 to Jul 2021; Diversified Production LLC, Aug 2021 to Nov 2024; Cr2 Energy LLC, Dec 2024 to Jul 20262020202120222023202420252026Changed Aug 2021Changed Dec 2024Tanos Exploration II, LLCJan 2020 to Jul 2021Diversified Production LLCAug 2021 to Nov 2024Cr2 Energy LLCDec 2024 to now
Operators of this lease over timeTanos Exploration II, LLC, Jan 2020 to Jul 2021; Diversified Production LLC, Aug 2021 to Nov 2024; Cr2 Energy LLC, Dec 2024 to Jul 20262020202120222023202420252026Changed Aug 2021Changed Dec 2024Tanos Exploration II, LLCJan 2020 to Jul 2021Diversified Production LLCAug 2021 to Nov 2024Cr2 Energy LLCDec 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on PANOLA 2 UNIT
API numberWell no.Status
42-365-311963Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCCondensateGathers50Jul 1, 2022–
Energy Trans Crude Marketing LLCCondensateGathers50Dec 1, 2024–
Diversified Production LLCGas-well gasBuys100Dec 1, 2024–
Diversified Midstream LLCGas-well gasGathers100Dec 1, 2024–
Eastex Crude Company, LLCCondensateGathers50Jan 1, 2023Dec 1, 2024
Markwest Energy E TX Gas Co, LLCGas-well gasGathers100Jul 1, 2022Dec 1, 2024
Markwest Energy E TX Gas Co, LLCGas-well gasBuys100Jul 1, 2022Dec 1, 2024
Eastex Crude CompanyCondensateGathers50Jul 1, 2022Jan 1, 2023
Eastex Crude CompanyCondensateGathers100Dec 1, 2005Jul 1, 2022
Markwest Pinnacle, L.l.c.Gas-well gasGathers100Aug 1, 2021Jul 1, 2022

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

688 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Check your decimal on this lease
Permits for Panola 2 Unit
API numberWell no.Acreson the permit
42-365-311963688

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

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36 months, newest first

Ledger for PANOLA 2 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Cr2 Energy0052520$80.46$2.89
Jun 2026Cr2 Energy0023230$84.81$3.15
May 2026Cr2 Energy00330$102.13$2.94
Apr 2026No report–––––$100.32$2.77
Mar 2026Cr2 Energy001171170$91.38$3.04
Feb 2026Cr2 Energy001631630$64.51$3.62
Jan 2026Cr2 Energy00000$60.04$7.72
Dec 2025Cr2 Energy00000$57.97$4.26
Nov 2025Cr2 Energy00000$60.06$3.79
Oct 2025Cr2 Energy0088880$60.89$3.19
Sep 2025Cr2 Energy00000$63.96$2.97
Aug 2025Cr2 Energy00000$64.86$2.91
Jul 2025Cr2 Energy00000$68.39$3.20
Jun 2025Cr2 Energy00000$68.17$3.02
May 2025Cr2 Energy00000$62.17$3.12
Apr 2025Cr2 Energy00000$63.54$3.42
Mar 2025Cr2 Energy00000$68.24$4.12
Feb 2025Cr2 Energy00000$71.53$4.19
Jan 2025Cr2 Energy00000$75.74$4.13
Dec 2024Cr2 Energy00000$70.12$3.01
Nov 2024Diversified Production301381160$69.95$2.12
Oct 2024Diversified Production1901351130$71.99$2.20
Sep 2024Diversified Production21591561330$70.24$2.28
Aug 2024Diversified Production220105900$76.68$1.99
Jul 2024Diversified Production1811451210$81.80$2.07
Jun 2024Diversified Production2254108940$79.77$2.54
May 2024Diversified Production3521221040$80.02$2.12
Apr 2024Diversified Production2063460$85.35$1.60
Mar 2024Diversified Production9195680$81.28$1.49
Feb 2024Diversified Production60115840$77.25$1.72
Jan 2024Diversified Production142395870$74.15$3.18
Dec 2023Diversified Production50100730$71.90$2.52
Nov 2023Diversified Production130100870$77.69$2.71
Oct 2023Diversified Production040000$85.64$2.98
Sep 2023Diversified Production10000$89.43$2.64
Aug 2023Diversified Production30101730$81.39$2.58

No report filed

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorCr2 Energy LLCFieldCarthage (Cotton Valley)CountyPanola County

Cr2 Energy LLC in Panola County

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Carthage (Cotton Valley) field

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