Hi Michael,
Would the wood really warp that much? I figured since I've had it in the house for a month now it would be acclimatized, plus the oil would help stabilize it. I haven't worked with solid woods this thick and large before so I appreciate the input.
It's not going to warp, it's going to expand and contract with changes in the relative humidity from season to season (across the grain more than the length of the grain). If you glue the entire width of the panel, it's not going to allow for that movement and the panel could split. If the wood was kiln dried rather than air dried, it will move less with changes in humidity, but it will move. Likewise if you live in an arid climate with little change in humidity, it will move less, but it will move.
If the wood is greater than about 1/8" thick, rule of thumb is don't fully glue any pieces more than 4" wide to any substrate or panel end. You've got 2" thick wood that's 12"-18" wide. I think you'd be better off using slotted holes in the center portion with screws. If you really want to use glue, only apply to the center of the panel, that will firmly affix the side panel, but still allow the outer portions to expand and contract, then supplement with screws and slotted holes.
There are lots of posts on WoodNet about wood movement, but here's one someone recently posted about speakers.
http://www.forums.woodnet.net/ubbthreads/showflat.php?Cat=&Board=UBB8&Number=5096989&Forum=&Words=%2Bwood%20%2Bmovement&Searchpage=0&Limit=25&Main=5096989&Search=true&where=sub&Name=&daterange=1&newerval=1&newertype=y&olderval=&oldertype=&bodyprev=#Post5096989Read up and make the decision for yourself, that's just what I would do.
Michael