WALLACE HV UNIT B
WALLACE HV UNIT B is a Texas gas lease in Panola County, Railroad Commission district 06, operated by TGNR East Texas II LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2024 to August 2026, totalling 6,279,505 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $5.3M, with roughly $3.0M expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 273,480 thousand cubic feet a month. Its strongest month on the record we hold was December 2024, at 593,604 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about WALLACE HV UNIT B
- Who operates WALLACE HV UNIT B?
- WALLACE HV UNIT B is operated by TGNR East Texas II LLC, Railroad Commission of Texas operator number 102211.
- Where is WALLACE HV UNIT B?
- WALLACE HV UNIT B is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 298045.
- Is WALLACE HV UNIT B still producing?
- WALLACE HV UNIT B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WALLACE HV UNIT B is August 2026.
- How much has WALLACE HV UNIT B produced?
- WALLACE HV UNIT B has reported 6,279,505 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2024 and August 2026, from 1 wellbore.
- How much is WALLACE HV UNIT B worth?
- The remaining production from WALLACE HV UNIT B is estimated to be worth about $5.3M in total as of 26 August 2026, within a range of $4.3M to $6.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WALLACE HV UNIT B is a fraction of it. The estimate fits an Arps decline curve to the production WALLACE HV UNIT B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WALLACE HV UNIT B is an estimate of value, not an offer and not an appraisal.
- How much income does WALLACE HV UNIT B generate in a year?
- WALLACE HV UNIT B is forecast to net about $3.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WALLACE HV UNIT B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | TGNR East Texas II LLC |
|---|---|
| Field | Carthage (Haynesville Shale) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 298045 |
| Wellbores | 1 |
| Reported production | 6,279,505 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.3M |
Where WALLACE HV UNIT B sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.