Mineral rights in Panola County, Texas
Panola County is an active Texas drilling market: 165 permits in the last 24 months, with the pace cooling.
- 165
- Permits · 24 mo
- 5
- Rigs running
- 11,893
- Wells on record
- 9,428
- Mineral owners
down 9% vs prior 24 months
as of 2026-05-23
appraisal-linked records
Who's drilling Panola County
Operators ranked by drilling permits approved in the 24 months ending 2026-05-23.
| Operator | Permits · 24 mo |
|---|---|
| Tg Natural Resources LLC | 67 |
| Sabine Oil & Gas | 27 |
| Sheridan Production | 26 |
| R. Lacy Services | 20 |
| Comstock | 5 |
What the record says
Panola County recorded 165 drilling permits in the 24 months ending 2026-05-23, against 182 in the prior 24 months. Development here is overwhelmingly horizontal (76% of recent permits, averaging 10,139-foot laterals) — modern pad development that drains whole sections at a time. Most activity targets the Haynesville play of the Ark-La-Tx basin.
On the production side, Texas Railroad Commission county cycle data shows Panola County produced roughly 171.9K barrels of oil and 633.2M Mcf of gas in 2025 — the royalty base that mineral values here are priced against.
Ownership is spread across 9,428 mineral owners holding 9,428 appraisal-linked interest records . Fragmented ownership like this is where buyers find deals — and where heirs discover interests they didn't know they had. See our guide to researching mineral ownership.
Leasing has kept pace: 792 leases were recorded in the county over the last 24 months, with recent recorded leases averaging about 19.5% royalty. For how royalty terms work, see our royalty guide.
Thinking about value? Start with what drives mineral prices or run the numbers in the value calculator.
Panola County mineral rights FAQ
Who is drilling in Panola County, Texas?
The most active operators by permits approved in the last 24 months are Tg Natural Resources LLC, Sabine Oil & Gas, Sheridan Production. The full table above lists the top five with permit counts.
What royalty are leases paying in Panola County?
Recorded leases over the past five years in Panola County average about 19.5% royalty. Individual terms vary with acreage position, competition, and the operator — treat this as a market reference point, not a quote.
How many mineral owners are there in Panola County?
County appraisal and ownership records show 9,428 distinct mineral owners holding 9,428 interest records in Panola County as of the 2026-05-23 snapshot.
How do I research mineral rights ownership in Panola County?
Start with the Panola County clerk's deed records and the county appraisal roll, then verify against state regulator filings. Our title search guide walks through the process, and the Mineral Eagle platform links these records for the whole county.
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Buying in Panola County?
Mineral Eagle links every permit above to the owners it affects — 9,428 of them, with the records to back it up.