GALVAN RANCH

Operated by SM ENERGY COMPANY (P-5 788997) in the BRISCOE RANCH (EAGLEFORD) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 261623District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$9.8 M
Jul 2011 – May 2026
Value, last 12 filed months
$159 k
at the published price for each month
Months reported
179
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 5,584 leases and 8,017 wells, and the rule below applies to all of them.

Discovered
2007-11-05
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2013-04-09.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: MAY ELECT TO CLASSIFY AS PERMANENT GAS WELL

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition44,710 bbl$3,723,889
GasProduction1,870,923 Mcf$6,082,537
Total$9,806,426

Every month this lease reported (179)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

179 months

May 202600106.413.05$0
Apr 2026432,54798.932.87$11,563
Mar 2026642,58389.753.15$13,879
Feb 2026482,40163.503.75$12,053
Jan 2026592,73959.138.00$25,395
Dec 2025522,96756.664.41$16,041
Nov 2025513,09058.593.93$15,121
Oct 2025533,25359.383.30$13,898
Sep 2025493,09662.743.08$12,600
Aug 2025513,04163.933.01$12,428
Jul 2025513,09066.743.32$13,648
Jun 2025293,26866.483.13$12,153
May 2025553,43760.553.23$14,440
Apr 2025823,96062.363.54$19,144
Mar 2025261,20867.704.27$6,916
Feb 2025622,76270.884.34$16,384
Jan 2025912,95674.324.28$19,411
Dec 2024572,79868.993.12$12,666
Nov 2024482,70269.052.20$9,255
Oct 2024783,61071.372.28$13,803
Sep 2024151,18769.612.36$3,851
Aug 2024433,07075.632.06$9,587
Jul 2024322,82979.932.15$8,630
Jun 2024373,03678.082.63$10,886
May 2024423,27578.812.20$10,510
Apr 2024382,93284.451.66$8,074
Mar 2024513,32580.301.55$9,233
Feb 2024513,15276.091.78$9,503
Jan 2024753,39873.023.30$16,682
Dec 2023653,53071.262.61$13,848
Nov 2023603,34477.892.81$14,062
Oct 2023593,60285.443.09$16,161
Sep 2023523,38389.042.74$13,883
Aug 2023543,63980.522.67$14,075
Jul 2023603,88574.852.64$14,754
Jun 2023533,76368.962.26$12,154
May 2023502,66270.622.23$9,460
Apr 2023492,49778.122.24$9,416
Mar 2023775,00872.852.39$17,594
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20222387.185.86$192
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 2022257115.097.98$685
May 2022463,130109.378.43$31,426
Apr 2022523,204104.226.84$27,327
Mar 2022603,352108.885.08$23,549
Feb 2022513,05191.054.86$19,468
Jan 2022703,42281.844.54$21,257
Dec 2021573,43471.323.90$17,455
Nov 2021543,38777.435.24$21,918
Oct 2021513,52779.795.71$24,222
Sep 2021483,40069.865.35$21,546
Aug 2021523,52866.024.22$18,323
Jul 2021583,56570.783.98$18,301
Jun 2021543,43969.493.38$15,378
May 2021623,64463.483.02$14,932
Apr 2021633,58460.362.76$13,689
Mar 2021703,75061.302.72$14,480
Feb 2021563,59157.805.55$23,159
Jan 2021713,70850.412.81$14,000
Dec 2020643,80544.642.68$13,037
Nov 2020613,72338.772.71$12,442
Oct 2020633,89236.972.48$11,975
Sep 2020583,77737.091.99$9,671
Aug 2020623,85439.982.39$11,671
Jul 2020563,85838.371.83$9,190
Jun 2020703,70234.901.69$8,701
May 2020494,01516.921.81$8,115
Apr 2020724,11714.751.80$8,491
Mar 2020794,34030.341.86$10,453
Feb 2020764,08949.881.98$11,890
Jan 2020934,13957.252.09$13,994
Dec 2019974,24359.012.30$15,501
Nov 2019673,80555.302.75$14,172
Oct 2019263,93253.472.42$10,900
Sep 201993,77855.052.66$10,535
Aug 201993,92453.112.30$9,520
Jul 2019244,18156.272.46$11,636
Jun 2019474,27552.782.49$13,131
May 20191554,10758.482.74$20,319
Apr 20192394,30962.632.75$26,821
Mar 20192214,60356.803.06$26,648
Feb 2019983,93950.852.79$15,982
Jan 20191344,63046.033.23$21,114
Dec 20181544,73246.594.19$26,980
Nov 20181364,61952.934.24$26,770
Oct 2018854,81861.443.40$21,594
Sep 2018564,81259.543.11$18,290
Aug 20181625,09559.403.07$25,247
Jul 20181534,99465.142.93$24,608
Jun 20181155,08060.183.08$22,551
May 20181005,39565.382.90$22,188
Apr 2018592,74763.842.90$11,735
Mar 2018873,69661.222.79$15,626
Feb 20181193,71461.782.77$17,625
Jan 2018702,64662.874.01$15,010
Dec 2017713,42257.272.92$14,064
Nov 2017865,29255.423.12$21,268
Oct 2017913,72849.292.98$15,609
Sep 20171383,96647.523.09$18,802
Aug 20171104,71245.373.00$19,147
Jul 20171234,84743.873.09$20,360
Jun 2017875,05042.493.09$19,287
May 2017884,81745.373.26$19,712
Apr 20171284,93147.933.21$21,971
Mar 20171415,30446.772.98$22,420
Feb 20171134,71850.452.95$19,631
Jan 2017745,42049.413.42$22,186
Dec 2016956,28648.763.72$28,034
Nov 2016725,84542.492.64$18,516
Oct 20161555,35746.193.09$23,714
Sep 20161406,31141.553.10$25,385
Aug 20161417,10941.442.92$26,632
Jul 20161287,19941.622.92$26,380
Jun 20161367,33945.352.69$25,879
May 20161828,11042.521.99$23,886
Apr 20161435,92636.561.99$17,027
Mar 20161727,84733.011.79$19,755
Feb 20162166,83726.472.06$19,827
Jan 20161387,08027.352.36$20,514
Dec 20151227,69132.362.00$19,341
Nov 20151817,93638.792.17$24,221
Oct 20152108,68843.552.43$30,228
Sep 20151226,32442.992.76$22,689
Aug 20152299,92040.162.87$37,692
Jul 20151106,07848.152.95$23,197
Jun 20158056.152.88$449
May 2015672,31155.212.96$10,529
Apr 2015533,12849.822.71$11,107
Mar 20151444,48342.892.93$19,332
Feb 20151445,59044.662.98$23,068
Jan 2015772243.433.10$2,543
Dec 20141984354.693.59$4,067
Nov 2014992570.464.25$4,567
Oct 2014581,11478.303.90$8,887
Sep 20143368,01986.164.05$61,390
Aug 20141536,00889.394.04$37,920
Jul 20142096.564.18$193
Jun 20145496098.164.74$9,848
May 20144818,35294.734.73$85,041
Apr 201436010,66295.944.81$85,813
Mar 2014922,02195.895.06$19,042
Feb 201449197.406.19$4,779
Jan 201442090.404.86$3,797
Dec 20133849,52091.824.35$76,714
Nov 201394024,66388.853.74$175,716
Oct 20131,04427,82797.423.78$206,875
Sep 201327227,210104.113.72$129,478
Aug 20131,17328,587104.253.52$222,986
Jul 201396527,500102.523.72$201,170
Jun 201357527,26894.403.93$161,536
May 201369929,18194.834.15$187,360
Apr 201372829,98493.964.28$196,812
Mar 20131,12433,86293.623.91$237,726
Feb 201367417,81691.233.42$122,418
Jan 201395430,76591.603.42$192,600
Dec 20121,28830,07586.773.42$214,621
Nov 20121,48633,63086.953.62$251,115
Oct 20121,07534,16989.383.40$212,247
Sep 20121,19339,21894.672.92$227,395
Aug 20121,04539,00492.662.91$210,260
Jul 20121,22847,56585.133.02$248,224
Jun 201257546,31179.822.52$162,556
May 201234352,45491.612.49$161,945
Apr 201263654,273101.652.00$173,022
Mar 20121,31456,400105.052.22$263,361
Feb 201266056,594101.102.57$212,186
Jan 20122,22765,66998.092.73$397,991
Dec 20111,67771,62696.873.24$394,501
Nov 20111,32358,42295.723.31$320,089
Oct 20112,683103,60184.983.65$605,994
Sep 20113,217142,09483.623.99$835,364
Aug 201197259,22583.404.15$326,808
Jul 201101,99594.144.52$9,012

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Apr 2026 — as filed, then multipliedworked
Condensate            43 bbl  × $ 98.93 =     $4,254
Gas                2,547 Mcf  × $  2.87 =     $7,309

────────────────────────────────────────────────────
Month total                                  $11,563

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 01/G/261623 is the state's own key, not one this site invented.