WALLACE
WALLACE is a Texas gas lease in Rusk County, Railroad Commission district 06, operated by Valence Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2009 to August 2026, totalling 855,879 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 $86K, with roughly $28K 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 1,051 thousand cubic feet a month. Its strongest month on the record we hold was September 2017, at 5,533 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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
- Who operates WALLACE?
- WALLACE is operated by Valence Operating Company, Railroad Commission of Texas operator number 881167.
- Where is WALLACE?
- WALLACE is a Texas gas lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 254419.
- Is WALLACE still producing?
- WALLACE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WALLACE is August 2026.
- How much has WALLACE produced?
- WALLACE has reported 855,879 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2009 and August 2026, from 1 wellbore.
- How much is WALLACE worth?
- The remaining production from WALLACE is estimated to be worth about $86K in total as of 26 August 2026, within a range of $72K to $101K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WALLACE is a fraction of it. The estimate fits an Arps decline curve to the production WALLACE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WALLACE is an estimate of value, not an offer and not an appraisal.
- How much income does WALLACE generate in a year?
- WALLACE is forecast to net about $28K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WALLACE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Valence Operating Company |
|---|---|
| Field | Carthage, North (Bossier Shale) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 254419 |
| Wellbores | 1 |
| Reported production | 855,879 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $86K |
Where WALLACE 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.