Wallace Unit

Oil & Gas Property in Panola County, TX

Property Summary

Key data points for Wallace Unit

CountyPanola County, TX
Production DatesJan 1993 - Nov 2025
Total Oil Production115,317 BBLs
Total Gas Production13,040,971 MCF
Recent Oil Production286 BBLs in Oct 2025
Recent Gas Production53,276 MCF in Oct 2025
Wells on Property9

Our Valuation Estimates for Wallace Unit

ShaleAssessment

$63,977 *

MarketMultiple

$247,889 **

* 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 Nov 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, TX43 BBLs22,298 MCFNov 2025
Brumble G.W. Gas UnitPanola County, TX0 BBLs3,087 MCFNov 2025
Brumble-StuddardPanola County, TX8 BBLs3,734 MCFNov 2025
Campbell W. EPanola County, TX46 BBLs0 MCFNov 2025
Cavin LewisPanola County, TX0 BBLs321,329 MCFNov 2025
ChandlerPanola County, TX3 BBLs6,234 MCFNov 2025
Chandler-Lawless HV UnitPanola County, TX0 BBLs2,240,059 MCFNov 2025
CrenshawPanola County, TX28 BBLs93,030 MCFNov 2025
Furrh CooperPanola County, TX0 BBLs1,006,994 MCFNov 2025
HillPanola County, TX0 BBLs0 MCFAug 2025
Hodges J.E. Gas UnitPanola County, TX0 BBLs8,075 MCFNov 2025
Jackson-Furrh HV UnitPanola County, TX0 BBLs180,013 MCFNov 2025
Lake Alexander (Aw) 1HPanola County, TX0 BBLs67,902 MCFNov 2025
LawlessPanola County, TX0 BBLs0 MCFApr 2008
Steele CorriePanola County, TX121 BBLs23,533 MCFNov 2025
TillerPanola County, TX196 BBLs0 MCFNov 2025
Tiller-McJimsey HV UnitPanola County, TX0 BBLs165,443 MCFNov 2025
Tillery-Koch HV UnitPanola County, TX0 BBLs292,910 MCFNov 2025
Wallace HV UnitPanola County, TX0 BBLs1,832,962 MCFNov 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 1Nov 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-104319WALLACE UNIT 1Nov 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-131551WALLACE UNIT 3Nov 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-131551WALLACE UNIT 3Nov 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-134936WALLACE UNIT 4Nov 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-134936WALLACE UNIT 4Nov 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-14645WALLACE UNITNov 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-14645WALLACE UNITNov 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-167240WALLACE UNIT 5Nov 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-167240WALLACE UNIT 5Nov 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-265571WALLACE UNIT 10HNov 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-265571WALLACE UNIT 10HNov 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-291822WALLACE UNIT 2Nov 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-291822WALLACE UNIT 2Nov 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-167240WALLACE UNIT 5Oct 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-167240WALLACE UNIT 5Oct 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-265571WALLACE UNIT 10HOct 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-265571WALLACE UNIT 10HOct 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-291822WALLACE UNIT 2Oct 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-291822WALLACE UNIT 2Oct 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-104319WALLACE UNIT 1Oct 2025EASTEX CRUDE COMPANY, LLCSHERIDAN PRODUCTION COMPANY, LLC
06-104319WALLACE UNIT 1Oct 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-104319WALLACE UNIT 1Oct 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-131551WALLACE UNIT 3Oct 2025SHERIDAN PRODUCTION COMPANY III, LLC
06-131551WALLACE UNIT 3Oct 2025SHERIDAN PRODUCTION COMPANY III, LLC