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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

2,441mcf gas, last 12 months+18% vs prior year
Operator
Diversified Production LLC
County
Panola County
Field
Bethany, East (Cotton Valley)
RRC lease
06-167240

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Where it sits

This county

Panola CountyPanolaGreggUpshurShelbyRuskHarrisonMarionPanola County
Panola County
Oil, last 12 months
26 bbl
Gas in Jul 2026
205 mcf

Checks stopped on this lease?

  • Operator

    Operator changed: Diversified Production LLC took over from Sheridan Production Co III, LLC in May 2026.

  • Buyer

    Buyer changed: DIVERSIFIED PRODUCTION LLC replaced SHERIDAN PRODUCTION CO III, LLC as the buyer of this lease's gas from gas wells on May 1, 2026.

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

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Production by month

Gas output rose 18% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output rose 18% over the last 12 monthsMonthly gas production and oil for WALLACE UNIT, Aug 2023 to Jul 2026. Gas output rose 18% over the last 12 months. 2,441 mcf in the 12 months through Jul 2026, against 2,066 mcf in the 12 months before.Last 12 months: 2,441 mcfmcf per monthbbl per month00500101,000201,500302,00040Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output rose 18% over the last 12 monthsMonthly gas production and oil for WALLACE UNIT, Aug 2023 to Jul 2026. Gas output rose 18% over the last 12 months. 2,441 mcf in the 12 months through Jul 2026, against 2,066 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month00500101,000201,500302,00040Jan 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
42-365-337925Active

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

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Wallace Unit
API numberWell no.Acreson the permit
42-365-337925650.82

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for WALLACE UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Diversified Production112052050$80.46$2.89
Jun 2026Diversified Production132042040$84.81$3.15
May 2026Diversified Production202322320$102.13$2.94
Apr 2026Sheridan Production1102332330$100.32$2.77
Mar 2026Sheridan Production201821820$91.38$3.04
Feb 2026Sheridan Production933313310$64.51$3.62
Jan 2026Sheridan Production1098980$60.04$7.72
Dec 2025Sheridan Production161911910$57.97$4.26
Nov 2025Sheridan Production201401400$60.06$3.79
Oct 2025Sheridan Production413403400$60.89$3.19
Sep 2025Sheridan Production101941940$63.96$2.97
Aug 2025Sheridan Production1291910$64.86$2.91
Jul 2025Sheridan Production321771770$68.39$3.20
Jun 2025Sheridan Production7101801800$68.17$3.02
May 2025Sheridan Production301931930$62.17$3.12
Apr 2025Sheridan Production222062060$63.54$3.42
Mar 2025Sheridan Production001641640$68.24$4.12
Feb 2025Sheridan Production002062060$71.53$4.19
Jan 2025Sheridan Production001681680$75.74$4.13
Dec 2024Sheridan Production001961960$70.12$3.01
Nov 2024Sheridan Production001501500$69.95$2.12
Oct 2024Sheridan Production001071070$71.99$2.20
Sep 2024Sheridan Production0065650$70.24$2.28
Aug 2024Sheridan Production002542540$76.68$1.99
Jul 2024Sheridan Production001331330$81.80$2.07
Jun 2024Sheridan Production011521520$79.77$2.54
May 2024Sheridan Production112212210$80.02$2.12
Apr 2024Sheridan Production012752750$85.35$1.60
Mar 2024Sheridan Production051261260$81.28$1.49
Feb 2024Sheridan Production381881880$77.25$1.72
Jan 2024Sheridan Production16301551550$74.15$3.18
Dec 2023Sheridan Production16124444440$71.90$2.52
Nov 2023Sheridan Production28101,8261,8260$77.69$2.71
Oct 2023Sheridan Production6553530$85.64$2.98
Sep 2023Sheridan Production431521520$89.43$2.64
Aug 2023Sheridan Production002662660$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

Diversified Production LLC in Panola County

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Bethany, East (Cotton Valley) field

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