Wallace Unit

Oil & Gas Property in Panola County, TX

Property Summary

Key data points for Wallace Unit

CountyPanola County, TX
Production DatesJan 1993 - Oct 2025
Total Oil Production115,196 BBLs
Total Gas Production12,989,055 MCF
Recent Oil Production183 BBLs in Sep 2025
Recent Gas Production47,709 MCF in Sep 2025
Wells on Property9

Our Valuation Estimates for Wallace Unit

ShaleAssessment

$64,852 *

MarketMultiple

$280,169 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Wallace Unit Production Graph

Aggregated production of all wells and leases associated with this property
Subscribe for Full Access Subscribe now to gain immediate access
to oil and gas production for Wallace Unit
from Jan 1993 to Oct 2025

Wells on Wallace Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-365-31539WALLACE UNIT 1SHERIDAN PRODUCTION CO III, LLCProducingPanola County, TX32.327614-94.120109
42-365-32022WALLACE UNIT 3SHERIDAN PRODUCTION CO III, LLCProducingPanola County, TX32.327877-94.120896
42-365-32262WALLACE UNIT 4SHERIDAN PRODUCTION CO III, LLCProducingPanola County, TX32.333190-94.119470
42-365-32279WALLACE UNIT 2SHERIDAN PRODUCTION CO III, LLCProducingPanola County, TX32.325786-94.125877
42-365-33792WALLACE UNIT 5SHERIDAN PRODUCTION CO III, LLCProducingPanola County, TX32.341571-94.124368
42-365-33854WALLACE UNIT 6PENNZOIL EXPLORATION & PROD. CO.Permitted LocationPanola County, TX32.336227-94.127498
42-365-35011WALLACE UNIT 7LSHERIDAN PRODUCTION CO III, LLCTemp AbandonedPanola County, TX32.324395-94.118953
42-365-36246WALLACE UNIT 6SHERIDAN PRODUCTION CO III, LLCProducingPanola County, TX32.330434-94.120196
42-365-37762WALLACE UNIT 10HSHERIDAN PRODUCTION CO III, LLCProducingPanola County, TX32.325159-94.127389

Leases included in Wallace Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
06-104319WALLACE UNIT 1SHERIDAN PRODUCTION CO III, LLCPanola County, TX
06-131551WALLACE UNIT 3SHERIDAN PRODUCTION CO III, LLCPanola County, TX
06-134936WALLACE UNIT 4SHERIDAN PRODUCTION CO III, LLCPanola County, TX
06-135728WALLACE UNIT 2SHERIDAN PRODUCTION CO III, LLCPanola County, TX
06-14645WALLACE UNITSHERIDAN PRODUCTION CO III, LLCPanola County, TX
06-167240WALLACE UNIT 5SHERIDAN PRODUCTION CO III, LLCPanola County, TX
06-172785WALLACE UNIT 5PENNZENERGY EXP. & PROD., L.L.C.Panola County, TX
06-196522WALLACE UNIT 7LSHERIDAN PRODUCTION CO III, LLCPanola County, TX
06-201276WALLACE UNIT 7LSHERIDAN PRODUCTION CO III, LLCPanola County, TX
06-265571WALLACE UNIT 10HSHERIDAN PRODUCTION CO III, LLCPanola County, TX
06-291822WALLACE UNIT 2SHERIDAN PRODUCTION CO III, LLCPanola County, TX

Nearby Properties

These are the closest 20 properties to the Wallace Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bethany Ne. Waterflood UPanola County, TX0 BBLs0 MCFFeb 2014
BrumblePanola County, TX255 BBLs20,394 MCFOct 2025
Brumble G.W. Gas UnitPanola County, TX0 BBLs3,336 MCFSep 2025
Brumble-StuddardPanola County, TX10 BBLs3,722 MCFOct 2025
Campbell W. EPanola County, TX52 BBLs0 MCFOct 2025
Cavin LewisPanola County, TX0 BBLs274,602 MCFOct 2025
ChandlerPanola County, TX256 BBLs4,211 MCFSep 2025
CrenshawPanola County, TX28 BBLs72,181 MCFOct 2025
Furrh Gas UnitPanola County, TX0 BBLs1,961 MCFOct 2025
Furrh-CooperPanola County, TX0 BBLs740,503 MCFSep 2025
HillPanola County, TX0 BBLs0 MCFAug 2025
Hodges J.E. Gas UnitPanola County, TX96 BBLs7,879 MCFSep 2025
Jackson-Furrh HV UnitPanola County, TX0 BBLs159,676 MCFSep 2025
Lake Alexander (Aw) 1HPanola County, TX0 BBLs55,122 MCFOct 2025
LawlessPanola County, TX0 BBLs0 MCFApr 2008
Steele CorriePanola County, TX88 BBLs11,464 MCFOct 2025
TillerPanola County, TX147 BBLs0 MCFOct 2025
Tiller-McJimsey HV UnitPanola County, TX0 BBLs167,104 MCFSep 2025
Tillery-Koch HV UnitPanola County, TX0 BBLs296,876 MCFSep 2025
Wallace HV UnitPanola County, TX0 BBLs1,228,347 MCFSep 2025

Frac'ing activity on Wallace Unit

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-365-32279Wallace Unit #2

Owners of Wallace Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025SHERIDAN PRODUCTION CO LLCWALLACE UNIT (#5 & 10H)SHERIDAN PROD CO LLC
2025SHERIDAN PRODUCTION CO LLCWALLACE UNIT (#5 & 10H)SHERIDAN PROD CO LLC
2025SHERIDAN PRODUCTION CO LLCWALLACE (WELL #3)SHERIDAN PROD CO LLC
2025SHERIDAN PRODUCTION CO LLCWALLACE UNIT (#6)SHERIDAN PROD CO
2025MOBIL PROD TX & NM INCWALLACE UNIT (#5 & 10H)SHERIDAN PROD CO LLC
2025MOBIL PROD TX & NM INCWALLACE UNIT (#5 & 10H)SHERIDAN PROD CO LLC
2025SATTERWHITE DAVID GLENWALLACE UNIT (#5 & 10H)SHERIDAN PROD CO LLC
2025SATTERWHITE DAVID GLENWALLACE UNIT (#5 & 10H)SHERIDAN PROD CO LLC
Displaying 8 of 538 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Wallace Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
06-104319WALLACE UNIT 1Mar 2025EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-104319WALLACE UNIT 1Mar 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-104319WALLACE UNIT 1Mar 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-131551WALLACE UNIT 3Mar 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-131551WALLACE UNIT 3Mar 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-134936WALLACE UNIT 4Mar 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-134936WALLACE UNIT 4Mar 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-14645WALLACE UNITMar 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-14645WALLACE UNITMar 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-167240WALLACE UNIT 5Mar 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-167240WALLACE UNIT 5Mar 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-265571WALLACE UNIT 10HMar 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-265571WALLACE UNIT 10HMar 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-291822WALLACE UNIT 2Mar 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-291822WALLACE UNIT 2Mar 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-167240WALLACE UNIT 5Feb 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-167240WALLACE UNIT 5Feb 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-265571WALLACE UNIT 10HFeb 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-265571WALLACE UNIT 10HFeb 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-291822WALLACE UNIT 2Feb 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-291822WALLACE UNIT 2Feb 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-104319WALLACE UNIT 1Feb 2025EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-104319WALLACE UNIT 1Feb 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-104319WALLACE UNIT 1Feb 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-131551WALLACE UNIT 3Feb 2025SHERIDAN PRODUCTION COMPANY III, LLC