David Wallace received a B.B.A. in Petroleum Land Management in 1978 from the University of Texas, studied law at Cambridge University (Emmanuel College), the University of Richmond, and graduated from South Texas College of Law. He was admitted to the State Bar of Texas in 1982 and Board Certified in Oil, Gas and Energy Law by the Texas Board of Legal Specialization in 1989. He has also served as Sutton County Attorney since 1985.
His practice is weighted heavily to representation of landowners, especially royalty and mineral owners, in oil, gas and mineral transactions and litigation. He is a former COUNCIL MEMBER for THE OIL, GAS & MINERAL LAW SECTION FOR THE STATE BAR OF TEXAS and a life fellow of the Texas Bar Foundation. He was also an EXECUTIVE DIRECTOR on the MOHAIR COUNCIL OF AMERICA and he is presently a director of NARO Texas
David is a prolific author, presenter, and teacher on a wide range of topics that are relevant to surface and mineral owners. Some of his more recent publications include the following:
- Royalty and Revenue Accounting
- Area of Mutual Interest, (co-authored)
- Hints on Negotiating of an Oil and Gas Lease & Protection of Royalty Income
- The Lessor’s Viewpoint on Negotiation of an Oil and Gas Lease & Protection of Royalty Income
- The Ten Most Important Royalty Cases
- Anatomy of an Oil and Gas Lease
- Royalty Issues in Unconventional Plays and Times
- Focal Points of Oil And Gas Lease Negotiations, Lessor's Perspective
- Advanced Mineral Management and Leasing
- Unconventional Plays History and Future – Potential Legal Issues
- Surface Rights Including the Accommodation Doctrine
David is a frequent presenter at conferences sponsored by the National Association of Royalty Owners (NARO) and the State Bar of Texas. He has been an invited presenter at numerous energy industry conferences and events. David has a passion for teaching and advising mineral owners so they can take full advantage of their mineral assets. He is also a well-known litigator in protecting the rights of mineral owners in the court room.
David and his wife Beth, who is also an attorney, live in Sonora, Texas. David and Beth have two children, Wilson Wallace, an oil and gas attorney in Midland and Warren a graduate of TCU’s Ranch Management School, who is a law student at Texas Tech University in Lubbock. David is a fourth generation rancher on a family ranch near Sonora and raises sheep, goats and cattle. David is also a mineral and royalty owner.