Wallace

Oil & Gas Property in Rusk County, TX

  2. Texas
  3. Rusk County, TX
  4. Oil & Gas Properties in Rusk County, TX
  5. Wallace Oil & Gas Property

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Property Summary

Key data points for Wallace

CountyRusk County, TX
OperatorPHILLIPS, JACK L. CO.
Production DatesJan 1993 - Jun 2026
Total Oil Production27,763 BBLs
Total Gas Production82,325 MCF
Recent Oil Production43 BBLs in May 2026
Recent Gas Production0 MCF in May 2026
Wells on Property2

Our Valuation Estimates for Wallace

ShaleAssessment™

$349 *

MarketMultiple™

$3,951 **

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

Based on a decimal interest

Wallace Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Wallace
from Jan 1993 to Jun 2026

Wells on Wallace

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-401-31182WALLACE "F" 1TEXAS OIL & GAS CORP.Plugged Oil/Gas WellRusk County, TX32.104676-94.617526
42-401-31192WALLACE CASSIE 1PHILLIPS, JACK L. CO.ProducingRusk County, TX32.112726-94.619391

Leases included in Wallace

Lease #Lease NameOperatorCountyMonthly Oil Prod.
06-096267WALLACE "F" 1TXO PRODUCTION CORP.Rusk County, TX
06-10496WALLACE, CASSIEPHILLIPS, JACK L. CO.Rusk County, TX
06-11304WALLACE "F"TXO PRODUCTION CORP.Rusk County, TX
06-14488WALLACE, CASSIEPHILLIPS, JACK L. CO.Rusk County, TX

Nearby Properties

These are the closest 20 properties to the Wallace property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Allison-CassityRusk County, TX14 BBLs21,268 MCFJun 2026
Arthur Smith Gas UnitPanola County, TX39 BBLs87,929 MCFJun 2026
Baughman M. ARusk County, TX0 BBLs0 MCFApr 2026
Cassity Gas Unit 3HPanola County, TX3 BBLs14,418 MCFJun 2026
ChildersRusk County, TX0 BBLs0 MCFApr 2026
CyphersRusk County, TX19 BBLs17,462 MCFJun 2026
HillinPanola County, TX5 BBLs18,433 MCFJun 2026
Hillin North (Aw) 1HRusk County, TX254 BBLs316,947 MCFJun 2026
Jim G. SealeyPanola County, TX5 BBLs0 MCFMay 2026
JimmersonRusk County, TX8 BBLs5,751 MCFJun 2026
Joe Bailey Hillin Gas UnitPanola County, TX6 BBLs18,443 MCFJun 2026
Jones JulianRusk County, TX0 BBLs0 MCFJan 2026
Peggy Harris (Aw) 1HRusk County, TX228 BBLs381,190 MCFJun 2026
PowellPanola County, TX169 BBLs22,438 MCFJun 2026
Smith, Durwood ARusk County, TX108 BBLs0 MCFJun 2026
Smith, TalmadgeRusk County, TX58 BBLs0 MCFJun 2026
Todd Gas UnitPanola County, TX6 BBLs14,774 MCFJun 2026
Todd-Pool 1HRusk County, TX14 BBLs10,767 MCFJun 2026
White Gas UnitRusk County, TX18 BBLs9,135 MCFJun 2026
WylieRusk County, TX0 BBLs66 MCFJun 2026

Companies in the Area

These are the closest 20 companies operating near the Wallace property.

Company Name
Arkla Exploration Co.
Big Run Production Company
Buckhorn Operating LLC
Cabot Oil & Gas Corporation
Enduring Resources, LLC
Goodrich Petroleum Company
Hightower Exploration
Jandar Exploration, L. C.
KJ Energy, LLC
M. E. Operating & Services, Inc.
Neumin Production Company
NFR Energy, LLC
North American Reserve Corp.
Phillips, Jack L.
Phillips, Jack L. Co.
Proline Energy Resources Inc
Reynolds Drilling Co., Inc.
Sabine Energy Inc.
Sandridge Onshore, LLC
TGNR East Texas II LLC

Owners of Wallace

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2026PHILLIPS JACK L COMPANY (WI)WALLACE CASSIE OUPHILLIPS JACK L CO

Oil & Gas Sales on Wallace

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
06-14488WALLACE, CASSIEMay 2026PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEDec 2025PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEJul 2025PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEMay 2025PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEMar 2025PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEJan 2025PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEOct 2024PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEAug 2024PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEJun 2024PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEJan 2024PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIENov 2023PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIESep 2023PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEJul 2023PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEMay 2023PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEMar 2023PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEJan 2023PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIENov 2022PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIESep 2022PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEApr 2022PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEFeb 2022PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIENov 2021PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEOct 2021PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEAug 2021PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEFeb 2021PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.
06-14488WALLACE, CASSIEDec 2020PLAINS MARKETING, L.P.JACK L. PHILLIPS CO.