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Royalty Clerk

Texas oil lease

Producing

WALLACE

Wallace is an oil lease in Kent County, Texas, operated by Pop Operating Company in the Ipco (Strawn Lime) field.

2 wells

2,984bbl oil, last 12 months0% vs prior year
Operator
Pop Operating Company
County
Kent County
Field
Ipco (Strawn Lime)
RRC lease
8A-61374

4 royalty accounts on the county roll

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Oil in Aug 2026
239 bbl
Reporting since
Jan 2020
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Checks stopped on this lease?

  • Operator

    Operator changed: Pop Operating Company took over from Walsh & Watts, Inc. in Oct 2025.

SourceRailroad Commission production, P-5 and P-4 records, data through Aug 2026.

See why checks stop on this lease

Wells on this lease and around it

Where the state's map puts this lease's 2 wells, and what has been drilled or permitted within about 2 miles of them.
Map of the Wallace lease in Kent County, Texas: its 2 wells ringed, among 34 wells and 2 recent drilling locations in a picture about 6 miles across.
  • This lease2Its wells, ringed on the map: all producing
  • Drilling locations2Permits issued in the last two years
  • Producing wells21On a lease reporting production now
  • Not producing1Shut in, inactive or no lease on record
  • Plugged12The state's wellbore record says plugged

The 2 ringed dots are this lease's wells, each where the Railroad Commission's map puts it. The other dots are wells and drilling permits of the last 24 months on the land around it; the counts are for everything in the picture, which is about 6 miles across. The thin brown lines are the original land surveys; where there is room, a survey carries its abstract number, the number deeds and division orders cite. Sources: Railroad Commission of Texas well layers, drilling permit files and survey lines, base map from USGS The National Map.

See the whole Texas well map

A one-page map of this lease to print, for a lawyer, a buyer or a probate file.

Use this map on your site

You may show this map on any site, unchanged. Keep the credit line and its link to Royalty Clerk under the map. The picture updates by itself as the state records new wells and permits.

Download the picture (WebP)
<a href="https://royaltyclerk.com/texas/leases/wallace-8a-61374"><img src="https://royaltyclerk.com/maps/lease-wells/wallace-8a-61374.svg" alt="Map of the Wallace lease in Kent County, Texas: its 2 wells ringed, among 34 wells and 2 recent drilling locations in a picture about 6 miles across." width="1000" height="951" loading="lazy" style="max-width:100%;height:auto;border:0"></a>
<p style="margin:4px 0 0;font-size:14px">Map: <a href="https://royaltyclerk.com/texas/leases/wallace-8a-61374">Wells on the Wallace lease, Kent County, Texas</a> by Royalty Clerk, from Railroad Commission of Texas records</p>

Other leases named Wallace

7 leases share this name in district 8A. The Railroad Commission gives each gas well its own number and each oil lease another, so one unit often shows up as several of these.

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production for WALLACE, Sep 2023 to Aug 2026. Oil output held steady over the last 12 months. 2,984 bbl in the 12 months through Aug 2026, against 2,982 bbl in the 12 months before.Last 12 months: 2,984 bblbbl per month0100200300400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production for WALLACE, Sep 2023 to Aug 2026. Oil output held steady over the last 12 months. 2,984 bbl in the 12 months through Aug 2026, against 2,982 bbl in the 12 months before.Last 12 monthsbbl per month0100200300400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

From the state record

What owners ask about Wallace

When is the check for August 2026 due?
August 2026 is the newest month the state has posted for this lease. Texas law gives the payor until 60 days after the end of the sale month for oil and 90 for gas: the oil by Oct 30, 2026, unless the lease sets another time.
Source: Railroad Commission production reports; Texas Natural Resources Code §91.402.
See your next three checks
Which Texas production tax rate applies?
The Texas Comptroller lists low producing leases for this lease, from Feb 1, 2016. Its file does not give the rate, so we compare your stub with the full 4.6%. That is for August 2026.
Source: Texas Comptroller, approved severance tax exemptions.
Check the tax on your stub
Who buys the oil and gas?
Oil: Energy Transfer Marketing & Term gathers it. The buyer's price is what a royalty check is figured on.
Source: Railroad Commission Form P-4, gatherers and purchasers.
See every buyer and past buyers
How many 1099s should an owner expect for 2025?
Two companies filed this lease's reports behind 2025 checks: Walsh & Watts, Inc. and Pop Operating Company. An owner paid by more than one of them gets a form from each. The operator is not always the company that pays, so go by the names on the stubs.
Source: Railroad Commission production reports, operator of record by month.
Check your 1099 against it

Free tools, already on this lease

Ask a question about Wallace

33 years of state records, 1993–2026

WALLACE since 1993

We read every monthly report the Railroad Commission holds, back to January 1993, and this lease was already producing then. It filed 404 monthly reports through August 2026.

Sold since 1993

$7 million

What the whole lease’s oil and gas sold for at each month’s public prices, before tax and the operator’s deductions. A royalty owner’s share is their decimal of it.

A relative owned a share? See what it earned after they died
Oil sold
133,545 bbl
Gas sold
0 mcf
Best year
2008$405,000 sold
Last report
Aug 2026First: Jan 1993

Its best year was 2008: $405,000 of oil and gas sold

Each bar is what the lease’s oil and gas sold for that year, at that month’s prices. 2026 is only part of a year in the records, drawn lighter.

Its best year was 2008: $405,000 of oil and gas soldWallace: oil and gas sold each year from 1993 to 2026, at each month's prices. Its best year was 2008: $405,000 of oil and gas sold.Sold each year, at each month’s prices$0$100k$200k$300k$400k$500kPeak 2008: $405k'93'95'00'05'10'15'20'26
Its best year was 2008: $405,000 of oil and gas soldWallace: oil and gas sold each year from 1993 to 2026, at each month's prices. Its best year was 2008: $405,000 of oil and gas sold.Sold each year, at each month’s prices$0$100k$200k$300k$400k$500kPeak 2008: $405k'93'00'05'10'15'20'26

SourceTexas Railroad Commission Production Data Query, every monthly report since January 1993; EIA monthly WTI and Henry Hub prices (before 1997, EIA's yearly Texas natural gas wellhead price), through August 2026.

Every year as a table
Wallace: oil and gas sold each year
YearMonthsOil sold, bblGas sold, mcfSold for
2026 *81,9890$164,737
2025122,9270$189,599
2024123,1580$242,213
2023123,1660$245,453
2022123,5030$336,291
2021122,7490$181,926
2020122,3670$89,088
2019123,3020$188,205
2018123,4810$225,192
2017123,4400$175,155
2016123,6640$158,998
2015123,7030$179,647
2014123,8820$355,455
2013123,8340$377,658
2012124,0610$381,400
2011123,9550$376,072
2010124,0070$318,061
2009124,2110$261,779
2008124,1120$405,476
2007124,5960$334,146
2006124,5940$303,971
2005124,6750$265,635
2004124,9180$203,375
2003124,9390$154,217
2002124,7130$122,636
2001125,1940$133,391
2000124,3650$133,248
1999124,6900$91,812
1998124,5240$64,747
1997124,3480$89,029
1996124,2810$95,402
1995123,9140$72,329
1994124,0570$69,941
1993124,2260$77,935

* Part of the year: the records run through August 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed once, most recently in Oct 2025

Operators of this lease over timeWalsh & Watts, Inc., Jan 2020 to Sep 2025; Pop Operating Company, Oct 2025 to Aug 20262020202120222023202420252026Changed Oct 2025Walsh & Watts, Inc.Jan 2020 to Sep 2025Pop Operating CompanyOct 2025 to now
Operators of this lease over timeWalsh & Watts, Inc., Jan 2020 to Sep 2025; Pop Operating Company, Oct 2025 to Aug 20262020202120222023202420252026Changed Oct 2025Walsh & Watts, Inc.Jan 2020 to Sep 2025Pop Operating CompanyOct 2025 to now

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

2 wells on this lease

Wells on WALLACE
API numberWellStatusCompleted
42-263-30251Wallace 3601Shut inSep 4, 1982
42-263-30265Wallace 3602Shut inApr 5, 1975

SourceTexas Railroad Commission production records and full wellbore file.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer Marketing & TermOilGathers100Dec 1, 2022–
Lease Use OnlyCasinghead gasGathers100May 1, 1987Oct 17, 2025
Walsh & Watts, Inc.Casinghead gasBuys100Aug 1, 1987Oct 17, 2025
Nominator Not Required / Swr 31Casinghead gasNominates100Dec 1, 2006Dec 1, 2022
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Apr 1, 2002Dec 1, 2022

SourceRailroad Commission Form P-4 file, Oct 24, 2026 (source).

Who buys my oilOil price check

What the drilling permits say

  • Good to know

    The state has no unit acreage for this lease

    Ask the operator for the acreage on your well's division order and unit plat.

Check your decimal on this lease
Permits for Wallace
API numberWell no.Acreson the permit
42-263-302513601–
42-263-302653602–

SourceRailroad Commission drilling permits, Oct 31, 2026 (source 1, source 2).

Unit decimal checker

On the Kent County roll

Kent County Appraisal District

2026 roll
Owners
5
Accounts
5
Appraised in all
$437k$436,990

Each square is one account

  • Royalty4
  • Working interest1

SourceKent County Appraisal District, 2026 mineral roll (source), read Oct 7, 2026. Accounts matched to this lease by RRC number or lease name; no owner is named.

Estimate your royalty

36 months, newest first

Ledger for WALLACE
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Aug 2026Pop Operating239357$83.90$2.78
Jul 2026Pop Operating271181$80.46$2.89
Jun 2026Pop Operating260359$84.81$3.15
May 2026Pop Operating320177$102.13$2.94
Apr 2026Pop Operating137237$100.32$2.77
Mar 2026Pop Operating256181$91.38$3.04
Feb 2026Pop Operating228345$64.51$3.62
Jan 2026Pop Operating220152$60.04$7.72
Dec 2025Pop Operating276178$57.97$4.26
Nov 2025Pop Operating240350$60.06$3.79
Oct 2025Pop Operating274146$60.89$3.19
Sep 2025Walsh &263335$63.96$2.97
Aug 2025Walsh &260358$64.86$2.91
Jul 2025Walsh &270172$68.39$3.20
Jun 2025Walsh &241176$68.17$3.02
May 2025Walsh &251345$62.17$3.12
Apr 2025Walsh &261335$63.54$3.42
Mar 2025Walsh &218175$68.24$4.12
Feb 2025Walsh &220179$71.53$4.19
Jan 2025Walsh &246178$75.74$4.13
Dec 2024Walsh &257340$70.12$3.01
Nov 2024Walsh &254171$69.95$2.12
Oct 2024Walsh &259353$71.99$2.20
Sep 2024Walsh &245178$70.24$2.28
Aug 2024Walsh &244338$76.68$1.99
Jul 2024Walsh &271178$81.80$2.07
Jun 2024Walsh &259178$79.77$2.54
May 2024Walsh &267356$80.02$2.12
Apr 2024Walsh &250350$85.35$1.60
Mar 2024Walsh &265175$81.28$1.49
Feb 2024Walsh &251361$77.25$1.72
Jan 2024Walsh &286180$74.15$3.18
Dec 2023Walsh &251168$71.90$2.52
Nov 2023Walsh &241358$77.69$2.71
Oct 2023Walsh &262177$85.64$2.98
Sep 2023Walsh &257351$89.43$2.64

SourceTexas Railroad Commission Production Data Query, through Aug 2026. Prices: EIA, through Oct 2026. Updated Oct 30, 2026.

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Nearby

This lease belongs to

OperatorPop Operating CompanyFieldIpco (Strawn Lime)CountyKent County

Pop Operating Company in Kent County

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Ipco (Strawn Lime) field

No other producing leases in this field are in our data yet.

Leases within 10 km

Drilling permits within 10 km