Quick answer: Valor's Panola County, Texas rankings show the 19 operators producing the most oil and gas here — Diversified Production LLC leads — from Texas Railroad Commission filings over the last six months. If you own minerals in Panola County, these operators are your likely check-writers. Valor verifies the operator on your tract, audits every royalty check, and recovers suspended funds. Valor manages minerals; it never buys them.
The top 19 oil and gas operators in Panola County, Texas, ranked by monthly oil production. Combined output of all 25 reporting operators: 437,604 BBL oil and 145,159,127 Mcf gas across 4,119 reporting wells/leases.
Momentum blends the year-over-year change in average monthly production (oil + gas at 6 Mcf per BOE, 2025-11 – 2026-05 vs the same months a year earlier, complete reporting months only) with the change in drilling permits (last 12 months vs the prior 12: 94 vs 99). Each input is capped at ±100%.
Benchmark gross value of production: about $256.7M per month — 93,206 bbl of oil and 57,382,480 Mcf of gas a month, priced at the EIA average WTI ($73.03/bbl) and Henry Hub ($4.20/MMBtu) spot prices over the same months.
Benchmark prices before quality and location differentials, transport, taxes and costs; this is a county-level economic indicator, not the value of any mineral or royalty interest.
Source: Valor analysis of public oil and gas data. Statistics are published on this page; no bulk download is offered.
| Rank | Operator | Oil (BBL) | Gas (Mcf) | Wells |
|---|---|---|---|---|
| 2 | Diversified Production LLC | 83,046 | 7,129,319 | 970 |
| 3 | Jhs Oilfield Services LLC | 50,550 | 0 | 7 |
| 4 | Tgnr Panola LLC | 28,996 | 17,587,499 | 388 |
| 5 | Tgnr East Texas Ii LLC | 27,529 | 57,853,461 | 344 |
| 6 | Xto Energy | 16,162 | 2,765,133 | 427 |
| 7 | R Lacy Services | 13,694 | 20,743,316 | 221 |
| 8 | Eqv Operating LLC | 13,006 | 1,868,285 | 239 |
| 9 | Mmgl East Texas Iii, LLC | 9,783 | 1,206,731 | 176 |
| 10 | Agis Energy LLC | 8,778 | 1,796,254 | 26 |
| 11 | Brookston Energy | 6,474 | 353,873 | 128 |
| 12 | Burk Royalty | 5,922 | 335,077 | 70 |
| 13 | Buckhorn Operating LLC | 5,046 | 1,249,627 | 28 |
| 14 | Valence Operating Company | 4,959 | 419,293 | 58 |
| 15 | Rfe Operating LLC | 4,881 | 572,510 | 56 |
| 16 | Sabine Energy Inc | 4,827 | 22,224,409 | 82 |
| 17 | Tgnr East Texas LLC | 4,618 | 8,632,701 | 782 |
| 18 | Harleton Oil & Gas | 3,374 | 306,111 | 54 |
| 21 | Pedernales Petroleum Op | 1,729 | 77,456 | 38 |
| 23 | Buffco Production | 1,330 | 37,612 | 17 |
| — | 6 other operators (fewer than 3 producing wells/leases each) | 142,900 | 460 | 8 |
The largest oil and gas operators in Panola County by reported production are Diversified Production LLC, Jhs Oilfield Services LLC, and Tgnr Panola LLC. In total, 25 operators reported 437,604 BBL of oil and 145,159,127 Mcf of gas across 4,119 wells and leases over the last six months. If you own minerals in Panola County, these operators are your likely check-writers — Valor tracks production and royalties by tract so you know who owes you.
Start with the operator rankings on this page, then confirm the exact well and operator on your tract through the Panola County records and your division orders. Valor's mineral management verifies which operators cover your Panola County tracts and reconciles every royalty check to the right well.
Yes — 25 operators reported active production in Panola County over the last six months, led by Diversified Production LLC. Activity shifts as operators drill, complete, and sell interests; Valor monitors production and permits so Panola County owners can see changes near their tracts.
Operators pay Panola County mineral owners a royalty on production, based on a decimal interest set out on a division order. Missed or suspended checks are common after a move, a death, or a title gap. Valor audits Panola County royalty statements, recovers suspended funds, and manages the interest so owners are paid correctly.
Valor manages minerals for owners — confirming which of the operators above cover your tracts, auditing every royalty check, recovering suspended and unclaimed funds, and giving you one clear, tax-ready view of what you own in Panola County. Valor manages minerals; it never buys them.
Page last reviewed: July 2026. Rankings are refreshed monthly from Texas Railroad Commission filings.