WALLACE, FRANK
WALLACE, FRANK is a Texas gas lease in Wise County, Railroad Commission district 09, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from March 2010 to August 2026, totalling 2,738,241 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 $1.2M, with roughly $188K 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 7,871 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 14,689 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, FRANK
- Who operates WALLACE, FRANK?
- WALLACE, FRANK is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is WALLACE, FRANK?
- WALLACE, FRANK is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 255542.
- Is WALLACE, FRANK still producing?
- WALLACE, FRANK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WALLACE, FRANK is August 2026.
- How much has WALLACE, FRANK produced?
- WALLACE, FRANK has reported 2,738,241 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2010 and August 2026, from 1 wellbore.
- How much is WALLACE, FRANK worth?
- The remaining production from WALLACE, FRANK is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $1.0M to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WALLACE, FRANK is a fraction of it. The estimate fits an Arps decline curve to the production WALLACE, FRANK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WALLACE, FRANK is an estimate of value, not an offer and not an appraisal.
- How much income does WALLACE, FRANK generate in a year?
- WALLACE, FRANK is forecast to net about $188K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WALLACE, FRANK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 255542 |
| Wellbores | 1 |
| Reported production | 2,738,241 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where WALLACE, FRANK 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.