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Texas gas well

Producing

WALLACE UNIT

Wallace Unit is a gas well in Panola County, Texas, operated by Diversified Production LLC in the Bethany, East (Cotton Valley) field.

1 well

18,957mcf gas, last 12 months+2% vs prior year
Operator
Diversified Production LLC
County
Panola County
Field
Bethany, East (Cotton Valley)
RRC lease
06-134936

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Where it sits

This county

Panola CountyPanolaGreggUpshurShelbyRuskHarrisonMarionPanola County
Panola County
Oil, last 12 months
355 bbl
Gas in Jul 2026
1,597 mcf

Production by month

Gas output held steady over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output held steady over the last 12 monthsMonthly gas production and oil for WALLACE UNIT, Aug 2023 to Jul 2026. Gas output held steady over the last 12 months. 18,957 mcf in the 12 months through Jul 2026, against 18,585 mcf in the 12 months before.Last 12 months: 18,957 mcfmcf per monthbbl per month00500201,000401,500602,00080Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output held steady over the last 12 monthsMonthly gas production and oil for WALLACE UNIT, Aug 2023 to Jul 2026. Gas output held steady over the last 12 months. 18,957 mcf in the 12 months through Jul 2026, against 18,585 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month00500201,000401,500602,00080Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

All of the gas went to a transmission line in the last 12 monthsShare of WALLACE UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All 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
All of the gas went to a transmission line in the last 12 monthsShare of WALLACE UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All 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, through Jul 2026.

Who has run this lease

The operator changed once, most recently in May 2026

Operators of this lease over timeSheridan Production Co III, LLC, Jan 2020 to Apr 2026; Diversified Production LLC, May 2026 to Jul 20262020202120222023202420252026Changed May 2026Sheridan Production Co III, L…Jan 2020 to Apr 2026Diversified Production LLCMay 2026 to now
Operators of this lease over timeSheridan Production Co III, LLC, Jan 2020 to Apr 2026; Diversified Production LLC, May 2026 to Jul 20262020202120222023202420252026Changed May 2026Sheridan Production Co III, LLCJan 2020 to Apr 2026Diversified Production LLCMay 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on WALLACE UNIT
API numberWell no.Status
42-365-322624Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dk Trading & Supply, LLCCondensateGathers34May 1, 2026–
Eastex Crude Company, LLCCondensateGathers33May 1, 2026–
Plains Marketing, L.p.CondensateGathers33May 1, 2026–
Diversified Production LLCGas-well gasBuys100May 1, 2026–
Enterprise Products Operating LLCGas-well gasGathers100Jan 1, 2023–
Eastex Crude Company, LLCCondensateGathers100Jan 1, 2023May 1, 2026
Sheridan Production CO Iii, LLCGas-well gasBuys100Mar 1, 2020May 1, 2026
Eastex Crude CompanyCondensateGathers100Apr 1, 2002Jan 1, 2023
Dcp Operating Company, LPGas-well gasGathers100Apr 1, 2017Jan 1, 2023
Sheridan Production Company, LLCGas-well gasBuys100Aug 1, 2019Mar 1, 2020
Devon Gas Services, L.p.Gas-well gasBuys100Jun 29, 2016Aug 1, 2019

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

Who buys my oilOil price check

650.82 acres on the newest permit

A pooling certificate was filed

Permits for Wallace Unit
API numberWell no.Acreson the permit
42-365-322624650.82

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

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36 months, newest first

Ledger for WALLACE UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diversified Production12311,5971,5970$80.46$2.89
Jun 2026Diversified Production20561,4461,4460$84.81$3.15
May 2026Diversified Production1401,7081,7080$102.13$2.94
Apr 2026Sheridan Production47531,6611,6610$100.32$2.77
Mar 2026Sheridan Production2801,4011,4010$91.38$3.04
Feb 2026Sheridan Production25631,2121,2120$64.51$3.62
Jan 2026Sheridan Production4301,4601,4600$60.04$7.72
Dec 2025Sheridan Production16321,6931,6930$57.97$4.26
Nov 2025Sheridan Production2201,6771,6770$60.06$3.79
Oct 2025Sheridan Production53651,6061,6060$60.89$3.19
Sep 2025Sheridan Production35381,6471,6470$63.96$2.97
Aug 2025Sheridan Production40321,8491,8490$64.86$2.91
Jul 2025Sheridan Production44381,9061,9060$68.39$3.20
Jun 2025Sheridan Production791001,7351,7350$68.17$3.02
May 2025Sheridan Production2901,7191,7190$62.17$3.12
Apr 2025Sheridan Production17131,5981,5980$63.54$3.42
Mar 2025Sheridan Production001,5551,5550$68.24$4.12
Feb 2025Sheridan Production001,3811,3810$71.53$4.19
Jan 2025Sheridan Production001,4111,4110$75.74$4.13
Dec 2024Sheridan Production001,6881,6880$70.12$3.01
Nov 2024Sheridan Production001,4341,4340$69.95$2.12
Oct 2024Sheridan Production001,2471,2470$71.99$2.20
Sep 2024Sheridan Production001,4981,4980$70.24$2.28
Aug 2024Sheridan Production111,4131,4130$76.68$1.99
Jul 2024Sheridan Production001,4631,4630$81.80$2.07
Jun 2024Sheridan Production021,4271,4270$79.77$2.54
May 2024Sheridan Production031,3081,3080$80.02$2.12
Apr 2024Sheridan Production351,2731,2730$85.35$1.60
Mar 2024Sheridan Production10131,3111,3110$81.28$1.49
Feb 2024Sheridan Production9101,2861,2860$77.25$1.72
Jan 2024Sheridan Production19221,0561,0560$74.15$3.18
Dec 2023Sheridan Production1191,2131,2130$71.90$2.52
Nov 2023Sheridan Production9181,2971,2970$77.69$2.71
Oct 2023Sheridan Production19221,1471,1470$85.64$2.98
Sep 2023Sheridan Production14267737730$89.43$2.64
Aug 2023Sheridan Production815645640$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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This lease belongs to

OperatorDiversified Production LLCFieldBethany, East (Cotton Valley)CountyPanola County

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