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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

14,946mcf gas, last 12 months+33% vs prior year
Operator
Cr2 Energy LLC
County
Panola County
Field
Carthage (Cotton Valley)
RRC lease
06-227703

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Where it sits

This county

Panola CountyPanolaGreggUpshurShelbyRuskHarrisonMarionPanola County
Panola County
Gas in Jul 2026
1,831 mcf
Reporting since
Jan 2020

Production by month

Gas output rose 33% over the last 12 months

  • Gas (bars)
  • Last 12 months
Gas output rose 33% over the last 12 monthsMonthly gas production for PANOLA 2 UNIT, Jan 2024 to Jul 2026. Gas output rose 33% over the last 12 months. 14,946 mcf in the 12 months through Jul 2026, against 11,264 mcf in the 12 months before.Last 12 months: 14,946 mcfmcf per month01,0002,0003,0004,000Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output rose 33% over the last 12 monthsMonthly gas production for PANOLA 2 UNIT, Jan 2024 to Jul 2026. Gas output rose 33% over the last 12 months. 14,946 mcf in the 12 months through Jul 2026, against 11,264 mcf in the 12 months before.Last 12 monthsmcf per month01,0002,0003,0004,000Jan 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, Jan 2024 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 lineJan 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, Jan 2024 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.

  • Transmission line (2)

    63% · 14,946 mcf

  • Processing plant (3)

    32% · 7,534 mcf

  • Lease fuel (1)

    5.9% · 1,411 mcf

Who has run this lease

The operator changed 2 times, most recently in Jan 2024

Operators of this lease over timeTanos Exploration II, LLC, Jan 2020 to Jul 2021; Diversified Production LLC, Aug 2021 to Jul 2023; Cr2 Energy LLC, Jan 2024 to Jul 20262020202120222023202420252026Changed Aug 2021Changed Jan 2024Tanos Exploration II, LLCJan 2020 to Jul 2021Diversified Production LLCAug 2021 to Jul 2023Cr2 Energy LLCJan 2024 to now
Operators of this lease over timeTanos Exploration II, LLC, Jan 2020 to Jul 2021; Diversified Production LLC, Aug 2021 to Jul 2023; Cr2 Energy LLC, Jan 2024 to Jul 20262020202120222023202420252026Changed Aug 2021Changed Jan 2024Tanos Exploration II, LLCJan 2020 to Jul 2021Diversified Production LLCAug 2021 to Jul 2023Cr2 Energy LLCJan 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
42-365-3632012Active

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–
Eastex Crude Company, LLCCondensateGathers50Jan 1, 2023–
Markwest Energy E TX Gas Co, LLCGas-well gasBuys100Jul 1, 2022–
Markwest Energy E TX Gas Co, LLCGas-well gasGathers100Jul 1, 2022–
Eastex Crude CompanyCondensateGathers50Jul 1, 2022Jan 1, 2023
Eastex Crude CompanyCondensateGathers100Nov 14, 2006Jul 1, 2022
Markwest Pinnacle, L.l.c.Gas-well gasGathers100Aug 1, 2021Jul 1, 2022
Markwest Pinnacle, L.l.c.Gas-well gasBuys100Aug 1, 2021Jul 1, 2022
Markwest Energy E TX Gas Co, LLCGas-well gasGathers100Nov 1, 2008Aug 1, 2021
Bp Energy Co.Gas-well gasBuys100Apr 1, 2017Aug 1, 2021

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

Who buys my oilOil price check

688.19 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
42-365-3632012688.19

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

Unit decimal checker

Estimate your royalty

31 months, newest first

Ledger for PANOLA 2 UNIT
MonthGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Cr2 Energy1,8311,8310$80.46$2.89
Jun 2026Cr2 Energy1,6661,6660$84.81$3.15
May 2026Cr2 Energy1,4911,4910$102.13$2.94
Apr 2026Cr2 Energy2,2252,2250$100.32$2.77
Mar 2026Cr2 Energy1,8931,8930$91.38$3.04
Feb 2026Cr2 Energy2,6112,6110$64.51$3.62
Jan 2026Cr2 Energy2,1122,1120$60.04$7.72
Dec 2025Cr2 Energy000$57.97$4.26
Nov 2025Cr2 Energy000$60.06$3.79
Oct 2025Cr2 Energy1,1171,1170$60.89$3.19
Sep 2025Cr2 Energy000$63.96$2.97
Aug 2025Cr2 Energy000$64.86$2.91
Jul 2025Cr2 Energy000$68.39$3.20
Jun 2025Cr2 Energy000$68.17$3.02
May 2025Cr2 Energy000$62.17$3.12
Apr 2025Cr2 Energy000$63.54$3.42
Mar 2025Cr2 Energy000$68.24$4.12
Feb 2025Cr2 Energy000$71.53$4.19
Jan 2025Cr2 Energy000$75.74$4.13
Dec 2024Cr2 Energy2,2661,9160$70.12$3.01
Nov 2024Cr2 Energy2,4052,0180$69.95$2.12
Oct 2024Cr2 Energy2,3491,9620$71.99$2.20
Sep 2024Cr2 Energy1,9251,6380$70.24$2.28
Aug 2024Cr2 Energy2,3191,9980$76.68$1.99
Jul 2024Cr2 Energy2,3051,9200$81.80$2.07
Jun 2024Cr2 Energy2,2911,9950$79.77$2.54
May 2024Cr2 Energy2,1561,8340$80.02$2.12
Apr 2024Cr2 Energy1,4561,0580$85.35$1.60
Mar 2024Cr2 Energy1,5151,0770$81.28$1.49
Feb 2024Cr2 Energy1,0337590$77.25$1.72
Jan 2024Cr2 Energy1271170$74.15$3.18

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

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This lease belongs to

OperatorCr2 Energy LLCFieldCarthage (Cotton Valley)CountyPanola County

Cr2 Energy LLC in Panola County

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