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Royalty Clerk

Texas oil lease · RRC district 06 · Lease 14138

Producing

WALLACE

Wallace is an oil lease in Rusk County, Texas, operated by Valence Operating Company in the Oak Hill (Travis Peak) field. The Railroad Commission shows 394 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

394bbl oil, last 12 months+2% vs prior year
Operator
Valence Operating Company
County
Rusk County
Field
Oak Hill (Travis Peak)
RRC lease
06-14138

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Where it sits

This county

Rusk CountyRuskPanolaGreggUpshurShelbySmithHarrisonCherokeeRusk County
Rusk County · RRC district 06Open Rusk County →
Gas, last 12 months
5,207 mcf
Oil in Jul 2026
35 bbl
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output held steady over the last 12 months

394 bbl in the 12 months through Jul 2026, against 385 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for WALLACE, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 394 bbl in the 12 months through Jul 2026, against 385 bbl in the 12 months before.Last 12 months: 394 bblbbl per monthmcf per month002525050500757501001,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for WALLACE, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 394 bbl in the 12 months through Jul 2026, against 385 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002525050500757501001,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 14138, district 06. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

96% of the gas went to a transmission line in the last 12 months

Each bar is one month. Colors are the disposition codes the operator reported.

  • Transmission line (2)
  • Lease fuel (1)
96% of the gas went to a transmission line in the last 12 monthsShare of WALLACE gas by disposition code each month, Aug 2023 to Jul 2026. 96% of the gas went to a transmission line in the last 12 months. Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
96% of the gas went to a transmission line in the last 12 monthsShare of WALLACE gas by disposition code each month, Aug 2023 to Jul 2026. 96% of the gas went to a transmission line in the last 12 months. Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 14138, district 06. Reported through Jul 2026.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

None of the gas was flared in the last 12 months.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

Valence Operating Company has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeValence Operating Company, Jan 2020 to Jul 20262020202120222023202420252026Valence Operating CompanyJan 2020 to nowthrough Jul 2026
Operators of this lease over timeValence Operating Company, Jan 2020 to Jul 20262020202120222023202420252026Valence Operating CompanyJan 2020 to nowthrough Jul 2026

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 14138 in district 06. The API number is the state’s ID for a well.
Wells on WALLACE
API numberWell no.Status
42-401-331562Active

SourceTexas Railroad Commission Wellbore Query, district 06, lease 14138.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Dk Trading & Supply, LLC and Eastex Crude Company, LLC gather it.

    Dk Trading & Supply, LLC gathers it: 90% of it, on the list since Jan 1, 2023 · Eastex Crude Company, LLC gathers it: 10% of it, on the list since Jan 1, 2023

  • Gas from oil wells

    Midcoast G & P (East Texas) L.p. buys it; Midcoast Pipelines (E Tx) L.p. gathers it.

    Midcoast G & P (East Texas) L.p. buys it: 100% of it, on the list since Oct 1, 2020 · Midcoast Pipelines (E Tx) L.p. gathers it: 100% of it, on the list since Feb 1, 2019

Companies that used to be listed: Eastex Crude Company (gathers it, until Jan 1, 2023); Lion Oil Trading & Trans, LLC (gathers it, until Jan 1, 2023); Midcoast Pipelines (E Tx) L.p. (buys it, until Oct 1, 2020); Enbridge Pipelines (E. Tx) L.p. (buys it, until Sep 1, 2020); Eastex Crude Company (gathers it, until Sep 1, 2020); Enbridge Pipelines (E. Tx) L.p. (gathers it, until Feb 1, 2019).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

99.80 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
11 not plugged
Horizontal
0
First completion
Jan 3, 2002
Latest permit
Oct 26, 2001
Wells and acres on the permits for Wallace
API numberWell no.Acreson the permit
42-401-33156299.80

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says WALLACE sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for WALLACE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Valence Operating3504424250$80.46$2.89
Jun 2026Valence Operating8914894710$84.81$3.15
May 2026Valence Operating1804083940$102.13$2.94
Apr 2026Valence Operating3903923760$100.32$2.77
Mar 2026Valence Operating24563253120$91.38$3.04
Feb 2026Valence Operating4003833670$64.51$3.62
Jan 2026Valence Operating591085545310$60.04$7.72
Dec 2025Valence Operating3014414260$57.97$4.26
Nov 2025Valence Operating2404524380$60.06$3.79
Oct 2025Valence Operating46934494310$60.89$3.19
Sep 2025Valence Operating3504284090$63.96$2.97
Aug 2025Valence Operating36884444240$64.86$2.91
Jul 2025Valence Operating3905004840$68.39$3.20
Jun 2025Valence Operating3114974770$68.17$3.02
May 2025Valence Operating11946055810$62.17$3.12
Apr 2025Valence Operating4025455240$63.54$3.42
Mar 2025Valence Operating3615935700$68.24$4.12
Feb 2025Valence Operating27695755530$71.53$4.19
Jan 2025Valence Operating1728348050$75.74$4.13
Dec 2024Valence Operating4116185940$70.12$3.01
Nov 2024Valence Operating251043663520$69.95$2.12
Oct 2024Valence Operating3634764560$71.99$2.20
Sep 2024Valence Operating4204624440$70.24$2.28
Aug 2024Valence Operating40896666450$76.68$1.99
Jul 2024Valence Operating4226936680$81.80$2.07
Jun 2024Valence Operating2617657380$79.77$2.54
May 2024Valence Operating42376256000$80.02$2.12
Apr 2024Valence Operating231185975740$85.35$1.60
Mar 2024Valence Operating4707807510$81.28$1.49
Feb 2024Valence Operating4005425210$77.25$1.72
Jan 2024Valence Operating42887036770$74.15$3.18
Dec 2023Valence Operating42886596350$71.90$2.52
Nov 2023Valence Operating4505355100$77.69$2.71
Oct 2023Valence Operating331314774510$85.64$2.98
Sep 2023Valence Operating8106876570$89.43$2.64
Aug 2023Valence Operating901176406140$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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Around this lease

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Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorValence Operating CompanyFieldOak Hill (Travis Peak)CountyRusk County

Valence Operating Company in Rusk County

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Oak Hill (Travis Peak) field

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Leases within 10 km

Found by the location of their wells.

Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 14138, district 06, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.