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Panhandle Oil and Gas Snapshot
You won't find this Panhandle on a street corner, but you will find it pocketing the oil and gas royalties from more than 4,860 gross producing oil and gas wells. Panhandle Oil and Gas (formerly Panhandle Royalty) owns mineral interests, both working and royalty, in oil- and gas-producing properties in 10 states. The company does not operate any of its own wells but instead maintains them through partnerships with other oil and gas companies. Its major properties are located primarily in Oklahoma (80% of its net land holdings), Arkansas, Kansas, New Mexico, and Texas. In 2009 Panhandle Oil and Gas reported proved reserves of 920,973 barrels of oil and 54 billion cu. ft. of natural gas.
