WALLACE, T. L.
WALLACE, T. L. is a Texas oil lease in Dawson County, Railroad Commission district 8A, operated by Miresco, Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 197,409 barrels. 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 $101K, with roughly $19K 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 32 barrels a month, about 11 per wellbore. Its strongest month on the record we hold was July 2023, at 1,253 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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, T. L.
- Who operates WALLACE, T. L.?
- WALLACE, T. L. is operated by Miresco, Inc., Railroad Commission of Texas operator number 570419.
- Where is WALLACE, T. L.?
- WALLACE, T. L. is a Texas oil lease in Dawson County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 16168.
- Is WALLACE, T. L. still producing?
- WALLACE, T. L. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WALLACE, T. L. is August 2026.
- How much has WALLACE, T. L. produced?
- WALLACE, T. L. has reported 197,409 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is WALLACE, T. L. worth?
- The remaining production from WALLACE, T. L. is estimated to be worth about $101K in total as of 27 August 2026, within a range of $56K to $147K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WALLACE, T. L. is a fraction of it. The estimate fits an Arps decline curve to the production WALLACE, T. L. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WALLACE, T. L. is an estimate of value, not an offer and not an appraisal.
- How much income does WALLACE, T. L. generate in a year?
- WALLACE, T. L. is forecast to net about $19K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WALLACE, T. L. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Miresco, Inc. |
|---|---|
| Field | Ackerly (Dean Sand) |
| County | Dawson County, Texas |
| RRC district | 8A |
| Lease number | 16168 |
| Wellbores | 3 |
| Reported production | 197,409 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $101K |
Where WALLACE, T. L. 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.