WALLACE UNIT
WALLACE UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Pennzoil Exploration & Prod. Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,135,328 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 $57K, with roughly $12K 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 467 thousand cubic feet a month. Its strongest month on the record we hold was October 2017, at 2,689 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 UNIT
- Who operates WALLACE UNIT?
- WALLACE UNIT is operated by Pennzoil Exploration & Prod. Co., Railroad Commission of Texas operator number 652352.
- Where is WALLACE UNIT?
- WALLACE UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 104319.
- Is WALLACE UNIT still producing?
- WALLACE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WALLACE UNIT is August 2026.
- How much has WALLACE UNIT produced?
- WALLACE UNIT has reported 1,135,328 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is WALLACE UNIT worth?
- The remaining production from WALLACE UNIT is estimated to be worth about $57K in total as of 26 August 2026, within a range of $45K to $70K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WALLACE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WALLACE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WALLACE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WALLACE UNIT generate in a year?
- WALLACE UNIT is forecast to net about $12K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WALLACE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Exploration & Prod. Co. |
|---|---|
| Field | Deberry (Cotton Valley Lower) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 104319 |
| Wellbores | 1 |
| Reported production | 1,135,328 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $57K |
Where WALLACE UNIT 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.