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Royalty Clerk

Texas oil lease

Producing

WALLACE

Wallace is an oil lease in Kent County, Texas, operated by Extex Operating Company in the S-M-S (Canyon Reef) field.

2 wells

4,295bbl oil, last 12 months−3% vs prior year
Operator
Extex Operating Company
County
Kent County
Field
S-M-S (Canyon Reef)
RRC lease
8A-67348

100 royalty accounts on the county roll

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Oil in Aug 2026
331 bbl
Reporting since
Jan 2020
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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 63 wells and 0 recent drilling locations in a picture about 6 miles across.
  • This lease2Its wells, ringed on the map: all producing
  • Drilling locations0Permits issued in the last two years
  • Producing wells49On a lease reporting production now
  • Not producing0Shut in, inactive or no lease on record
  • Plugged14The 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-67348"><img src="https://royaltyclerk.com/maps/lease-wells/wallace-8a-67348.svg" alt="Map of the Wallace lease in Kent County, Texas: its 2 wells ringed, among 63 wells and 0 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-67348">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 fell 3% over the last 12 months

  • Oil (bars)
  • Last 12 months
Oil output fell 3% over the last 12 monthsMonthly oil production for WALLACE, Sep 2023 to Aug 2026. Oil output fell 3% over the last 12 months. 4,295 bbl in the 12 months through Aug 2026, against 4,447 bbl in the 12 months before.Last 12 months: 4,295 bblbbl per month0200400600800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 3% over the last 12 monthsMonthly oil production for WALLACE, Sep 2023 to Aug 2026. Oil output fell 3% over the last 12 months. 4,295 bbl in the 12 months through Aug 2026, against 4,447 bbl in the 12 months before.Last 12 monthsbbl per month0200400600800Jan 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?
One company, Extex Operating Company, filed this lease's reports behind every 2025 check, so most owners get one form. The operator is not always the company that pays, so go by the name 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 1995

We read every monthly report the Railroad Commission holds, back to January 1993. This lease first reported in January 1995. It filed 380 monthly reports through August 2026.

Sold since 1995

$11.3 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
248,168 bbl
Gas sold
0 mcf
Best year
2013$709,000 sold
Last report
Aug 2026First: Jan 1995

Its best year was 2013: $709,000 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 2013: $709,000 of oil and gas soldWallace: oil and gas sold each year from 1995 to 2026, at each month's prices. Its best year was 2013: $709,000 of oil and gas sold.Sold each year, at each month’s prices$0$250k$500k$750kPeak 2013: $709k'95'00'05'10'15'20'26
Its best year was 2013: $709,000 of oil and gas soldWallace: oil and gas sold each year from 1995 to 2026, at each month's prices. Its best year was 2013: $709,000 of oil and gas sold.Sold each year, at each month’s prices$0$250k$500k$750kPeak 2013: $709k'95'00'05'10'15'20'26

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 *82,4930$212,629
2025124,5760$299,759
2024125,3070$407,390
2023125,1940$401,355
2022125,6160$521,554
2021124,6210$321,248
2020124,8630$187,809
2019125,2040$298,027
2018124,7280$301,628
2017124,3190$218,768
2016124,2050$182,609
2015123,7080$177,584
2014125,6160$526,198
2013127,2730$709,082
2012126,4050$601,396
2011125,6380$536,692
2010124,0630$318,448
2009125,2050$327,003
2008125,5470$552,745
2007125,9310$430,159
2006126,0520$399,202
2005126,5460$369,298
2004126,5020$268,420
2003127,2320$227,279
2002129,2990$241,803
20011211,2540$293,524
2000129,8120$303,298
1999128,7070$166,990
19981211,4170$166,835
19971213,5390$281,211
19961222,4580$490,564
19951234,8380$642,655

* 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 Feb 2021

Operators of this lease over timeLegacy Reserves Operating LP, Jan 2020 to Jan 2021; Extex Operating Company, Feb 2021 to Aug 20262020202120222023202420252026Changed Feb 2021Legacy Reserves Operating LPJan 2020 to Jan 2021Extex Operating CompanyFeb 2021 to now
Operators of this lease over timeLegacy Reserves Operating LP, Jan 2020 to Jan 2021; Extex Operating Company, Feb 2021 to Aug 20262020202120222023202420252026Changed Feb 2021Legacy Reserves Operating LPJan 2020 to Jan 2021Extex Operating CompanyFeb 2021 to now

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

2 wells on this lease

Wells on WALLACE
API numberWellStatusCompleted
42-263-00700Wallace 1ActiveJan 19, 1995
42-263-31543Wallace 2ActiveJul 25, 1995

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–
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

127.57 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 40 and 127.57 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Wallace
API numberWell no.Acreson the permit
42-263-315432127.57
42-263-00700140

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
102
Accounts
108
Appraised in all
$878k$877,950

Each square is one account

  • Royalty100
  • Overriding royalty7
  • 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 2026Extex Operating331348$83.90$2.78
Jul 2026Extex Operating322357$80.46$2.89
Jun 2026Extex Operating325164$84.81$3.15
May 2026Extex Operating333311$102.13$2.94
Apr 2026Extex Operating314483$100.32$2.77
Mar 2026Extex Operating319319$91.38$3.04
Feb 2026Extex Operating278168$64.51$3.62
Jan 2026Extex Operating318343$60.04$7.72
Dec 2025Extex Operating542475$57.97$4.26
Nov 2025Extex Operating238358$60.06$3.79
Oct 2025Extex Operating420352$60.89$3.19
Sep 2025Extex Operating555525$63.96$2.97
Aug 2025Extex Operating255344$64.86$2.91
Jul 2025Extex Operating425346$68.39$3.20
Jun 2025Extex Operating363494$68.17$3.02
May 2025Extex Operating284145$62.17$3.12
Apr 2025Extex Operating311340$63.54$3.42
Mar 2025Extex Operating393508$68.24$4.12
Feb 2025Extex Operating354335$71.53$4.19
Jan 2025Extex Operating426354$75.74$4.13
Dec 2024Extex Operating406355$70.12$3.01
Nov 2024Extex Operating327350$69.95$2.12
Oct 2024Extex Operating471534$71.99$2.20
Sep 2024Extex Operating432346$70.24$2.28
Aug 2024Extex Operating471527$76.68$1.99
Jul 2024Extex Operating624540$81.80$2.07
Jun 2024Extex Operating249362$79.77$2.54
May 2024Extex Operating468538$80.02$2.12
Apr 2024Extex Operating423334$85.35$1.60
Mar 2024Extex Operating434533$81.28$1.49
Feb 2024Extex Operating402350$77.25$1.72
Jan 2024Extex Operating446538$74.15$3.18
Dec 2023Extex Operating509347$71.90$2.52
Nov 2023Extex Operating443532$77.69$2.71
Oct 2023Extex Operating470523$85.64$2.98
Sep 2023Extex Operating436349$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

OperatorExtex Operating CompanyFieldS-M-S (Canyon Reef)CountyKent County

Extex Operating Company in Kent County

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S-M-S (Canyon Reef) field

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Leases within 10 km

Drilling permits within 10 km