Its principal properties consist of perpetual ownership of 259,211 net mineral acres in Oklahoma, New Mexico, and Texas and 19 other states.
The company also holds leases in 18,781 net acres of minerals in Louisiana, Oklahoma, and Texas.
As of September 30, 2004, Panhandle held royalty and/or working interests in 5,022 producing oil or gas wells, and 78 wells in the process of being drilled or completed.
Its principal products include crude oil and natural gas, which are sold to various purchasers, including pipeline and marketing companies.
The company was organized in 1926 as Panhandle Cooperative Royalty Company and is based in Oklahoma City, Oklahoma.
