WALLACE
WALLACE is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Thompson, J. Cleo. It has 1 wellbore on file with the Commission. Reported production runs from March 2010 to August 2026, totalling 123,365 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 $2.9M, with roughly $935K 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 1,633 barrels a month. Its strongest month on the record we hold was October 2024, at 2,739 barrels. 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 Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is WALLACE?
- WALLACE is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 17173.
- 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 123,365 barrels of oil (bbl) to the Railroad Commission of Texas between March 2010 and August 2026, from 1 wellbore.
- How much is WALLACE worth?
- The remaining production from WALLACE is estimated to be worth about $2.9M in total as of 26 August 2026, within a range of $2.4M to $3.4M. 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 $935K 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 | Thompson, J. Cleo |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 17173 |
| Wellbores | 1 |
| Reported production | 123,365 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.9M |
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.