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Royalty Clerk

Texas gas well · RRC district 06 · Lease 254419

Producing

WALLACE

Wallace is a gas well in Rusk County, Texas, operated by Valence Operating Company in the Carthage (Haynesville Shale) field. The Railroad Commission shows 12,320 mcf of gas in the 12 months through Jul 2026.

Gas well dossier · 1 well

12,320mcf gas, last 12 months−27% vs prior year
Operator
Valence Operating Company
County
Rusk County
Field
Carthage (Haynesville Shale)
RRC lease
06-254419

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Where it sits

This county

Rusk CountyRuskPanolaGreggUpshurShelbySmithHarrisonCherokeeRusk County
Rusk County · RRC district 06Open Rusk County →
Oil, last 12 months
144 bbl
Gas in Jul 2026
1,219 mcf
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

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

Gas output fell 27% over the last 12 months

12,320 mcf in the 12 months through Jul 2026, against 16,854 mcf in the 12 months before.

  • Gas (bars, left axis)
  • Oil (line, right axis)
  • Last 12 months
Gas output fell 27% over the last 12 monthsMonthly gas production and oil for WALLACE, Aug 2023 to Jul 2026. Gas output fell 27% over the last 12 months. 12,320 mcf in the 12 months through Jul 2026, against 16,854 mcf in the 12 months before.Last 12 months: 12,320 mcfmcf per monthbbl per month00500201,000401,500602,000802,500100Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 27% over the last 12 monthsMonthly gas production and oil for WALLACE, Aug 2023 to Jul 2026. Gas output fell 27% over the last 12 months. 12,320 mcf in the 12 months through Jul 2026, against 16,854 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month00500201,000401,500602,000802,500100Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas well 254419, 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 254419, 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 gas well 254419 in district 06. The API number is the state’s ID for a well.
Wells on WALLACE
API numberWell no.Status
42-401-350683Active

SourceTexas Railroad Commission Wellbore Query, district 06, lease 254419.

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.

  • Condensate

    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 gas 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 Feb 1, 2019 · 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); Eastex Crude Company (gathers it, until Sep 1, 2020); Enbridge Pipelines (E. Tx) L.p. (gathers it, until Feb 1, 2019); Enbridge Pipelines (E. Tx) L.p. (buys 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
Nov 5, 2009
Latest permit
Jul 31, 2009
Wells and acres on the permits for Wallace
API numberWell no.Acreson the permit
42-401-35068399.80

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.

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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 “Gas 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 Operating611,2191,1720$80.46$2.89
Jun 2026Valence Operating3351,1681,1250$84.81$3.15
May 2026Valence Operating1201,0961,0570$102.13$2.94
Apr 2026Valence Operating1809679270$100.32$2.77
Mar 2026Valence Operating9159188810$91.38$3.04
Feb 2026Valence Operating805825580$64.51$3.62
Jan 2026Valence Operating16509439030$60.04$7.72
Dec 2025Valence Operating2517957670$57.97$4.26
Nov 2025Valence Operating609579270$60.06$3.79
Oct 2025Valence Operating19371,1511,1040$60.89$3.19
Sep 2025Valence Operating1011,3591,3000$63.96$2.97
Aug 2025Valence Operating12641,1651,1130$64.86$2.91
Jul 2025Valence Operating2401,0531,0200$68.39$3.20
Jun 2025Valence Operating1511,3131,2600$68.17$3.02
May 2025Valence Operating28471,4141,3580$62.17$3.12
Apr 2025Valence Operating2331,5381,4780$63.54$3.42
Mar 2025Valence Operating1121,4491,3940$68.24$4.12
Feb 2025Valence Operating18401,2231,1750$71.53$4.19
Jan 2025Valence Operating931,5371,4840$75.74$4.13
Dec 2024Valence Operating2811,3121,2620$70.12$3.01
Nov 2024Valence Operating15481,7441,6760$69.95$2.12
Oct 2024Valence Operating1041,6091,5420$71.99$2.20
Sep 2024Valence Operating2401,3151,2630$70.24$2.28
Aug 2024Valence Operating23481,3471,3050$76.68$1.99
Jul 2024Valence Operating2941,8341,7680$81.80$2.07
Jun 2024Valence Operating1421,4701,4190$79.77$2.54
May 2024Valence Operating18231,6861,6200$80.02$2.12
Apr 2024Valence Operating231071,5421,4840$85.35$1.60
Mar 2024Valence Operating4511,6021,5420$81.28$1.49
Feb 2024Valence Operating3101,3201,2690$77.25$1.72
Jan 2024Valence Operating39551,6801,6170$74.15$3.18
Dec 2023Valence Operating18631,9691,8980$71.90$2.52
Nov 2023Valence Operating5321,8241,7380$77.69$2.71
Oct 2023Valence Operating27162,0641,9500$85.64$2.98
Sep 2023Valence Operating2107687340$89.43$2.64
Aug 2023Valence Operating00000$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 CompanyFieldCarthage (Haynesville Shale)CountyRusk County

Valence Operating Company in Rusk County

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Carthage (Haynesville Shale) field

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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 “Gas sold” volume for the month the check covers and multiply it by your decimal. The answer should match the mcf 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, gas well 254419, 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.