Wallace Unit

Oil & Gas Property in Panola County, TX

Property Summary

Key data points for Wallace Unit

CountyPanola County, TX
Production DatesJan 1993 - Apr 2026
Total Oil Production115,816 BBLs
Total Gas Production13,286,820 MCF
Recent Oil Production90 BBLs in Mar 2026
Recent Gas Production51,077 MCF in Mar 2026
Wells on Property9

Our Valuation Estimates for Wallace Unit

ShaleAssessment

$60,218 *

MarketMultiple

$284,538 **

* 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 Apr 2026

Wells on Wallace Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-365-31539WALLACE UNIT 1DIVERSIFIED PRODUCTION LLCProducingPanola County, TX32.327614-94.120109
42-365-32022WALLACE UNIT 3DIVERSIFIED PRODUCTION LLCProducingPanola County, TX32.327877-94.120896
42-365-32262WALLACE UNIT 4DIVERSIFIED PRODUCTION LLCProducingPanola County, TX32.333190-94.119470
42-365-32279WALLACE UNIT 2DIVERSIFIED PRODUCTION LLCProducingPanola County, TX32.325786-94.125877
42-365-33792WALLACE UNIT 5DIVERSIFIED PRODUCTION 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 7LDIVERSIFIED PRODUCTION LLCTemp AbandonedPanola County, TX32.324395-94.118953
42-365-36246WALLACE UNIT 6DIVERSIFIED PRODUCTION LLCProducingPanola County, TX32.330434-94.120196
42-365-37762WALLACE UNIT 10HDIVERSIFIED PRODUCTION 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 1DIVERSIFIED PRODUCTION LLCPanola County, TX
06-131551WALLACE UNIT 3DIVERSIFIED PRODUCTION LLCPanola County, TX
06-134936WALLACE UNIT 4DIVERSIFIED PRODUCTION LLCPanola County, TX
06-135728WALLACE UNIT 2SHERIDAN PRODUCTION CO III, LLCPanola County, TX
06-14645WALLACE UNITDIVERSIFIED PRODUCTION LLCPanola County, TX
06-167240WALLACE UNIT 5DIVERSIFIED PRODUCTION LLCPanola County, TX
06-172785WALLACE UNIT 5PENNZENERGY EXP. & PROD., L.L.C.Panola County, TX
06-196522WALLACE UNIT 7LDIVERSIFIED PRODUCTION LLCPanola County, TX
06-201276WALLACE UNIT 7LDIVERSIFIED PRODUCTION LLCPanola County, TX
06-265571WALLACE UNIT 10HDIVERSIFIED PRODUCTION LLCPanola County, TX
06-291822WALLACE UNIT 2DIVERSIFIED PRODUCTION 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, TX58 BBLs17,053 MCFApr 2026
Brumble G.W. Gas UnitPanola County, TX1 BBLs5,082 MCFApr 2026
Brumble-StuddardPanola County, TX19 BBLs10,062 MCFApr 2026
Campbell W. EPanola County, TX43 BBLs0 MCFApr 2026
Cavin LewisPanola County, TX0 BBLs274,263 MCFApr 2026
ChandlerPanola County, TX192 BBLs1,190 MCFApr 2026
Chandler-Lawless HV UnitPanola County, TX0 BBLs1,692,318 MCFApr 2026
CrenshawPanola County, TX251 BBLs81,710 MCFApr 2026
Furrh-CooperPanola County, TX0 BBLs666,501 MCFApr 2026
HillPanola County, TX0 BBLs0 MCFAug 2025
Hodges J.E. Gas UnitPanola County, TX176 BBLs10,030 MCFApr 2026
Jackson-Furrh HV UnitPanola County, TX0 BBLs149,574 MCFApr 2026
Lake Alexander (Aw) 1HPanola County, TX0 BBLs58,152 MCFApr 2026
LawlessPanola County, TX0 BBLs0 MCFApr 2008
Steele CorriePanola County, TX74 BBLs51,023 MCFApr 2026
TillerPanola County, TX65 BBLs0 MCFApr 2026
Tiller-McJimsey HV UnitPanola County, TX0 BBLs138,367 MCFApr 2026
Tillery-Koch HV UnitPanola County, TX0 BBLs236,747 MCFApr 2026
Wallace HV UnitPanola County, TX0 BBLs1,265,863 MCFApr 2026

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 1Feb 2026EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-104319WALLACE UNIT 1Feb 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-104319WALLACE UNIT 1Feb 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-131551WALLACE UNIT 3Feb 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-131551WALLACE UNIT 3Feb 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-134936WALLACE UNIT 4Feb 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-134936WALLACE UNIT 4Feb 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-14645WALLACE UNITFeb 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-14645WALLACE UNITFeb 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-167240WALLACE UNIT 5Feb 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-167240WALLACE UNIT 5Feb 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-265571WALLACE UNIT 10HFeb 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-265571WALLACE UNIT 10HFeb 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-291822WALLACE UNIT 2Feb 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-291822WALLACE UNIT 2Feb 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-167240WALLACE UNIT 5Jan 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-167240WALLACE UNIT 5Jan 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-265571WALLACE UNIT 10HJan 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-265571WALLACE UNIT 10HJan 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-291822WALLACE UNIT 2Jan 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-291822WALLACE UNIT 2Jan 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-104319WALLACE UNIT 1Jan 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-104319WALLACE UNIT 1Jan 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-131551WALLACE UNIT 3Jan 2026SHERIDAN PRODUCTION COMPANY III, LLC
06-131551WALLACE UNIT 3Jan 2026SHERIDAN PRODUCTION COMPANY III, LLC