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 265517District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$8.3 M
Aug 2011 – May 2026
Value, last 12 filed months
$648
at the published price for each month
Months reported
178
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
CondensateDisposition34,332 bbl$2,821,761
GasProduction1,653,353 Mcf$5,502,827
Total$8,324,588

Every month this lease reported (178)

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

178 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 202608159.138.00$648
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 2024413778.812.20$616
Apr 2024483,51884.451.66$9,891
Mar 2024284,54080.301.55$9,263
Feb 2024352,16076.091.78$6,516
Jan 2024411,81073.023.30$8,963
Dec 2023432,31171.262.61$9,098
Nov 2023482,42077.892.81$10,533
Oct 2023432,60385.443.09$11,710
Sep 2023342,30689.042.74$9,334
Aug 2023423,68680.522.67$13,234
Jul 2023281,98374.852.64$7,334
Jun 2023332,62068.962.26$8,193
May 2023524,11370.622.23$12,834
Apr 2023372,69278.122.24$8,914
Mar 202362,57572.852.39$6,599
Feb 202301,96275.112.47$4,838
Jan 202302,81076.533.39$9,519
Dec 202233,34976.415.73$19,416
Nov 2022243,83985.005.65$23,716
Oct 202275,20787.185.86$31,143
Sep 2022412,59084.888.16$24,624
Aug 2022533,87994.529.13$40,414
Jul 2022564,090101.587.54$36,536
Jun 2022723,791115.097.98$38,528
May 2022352,066109.378.43$21,251
Apr 2022251,423104.226.84$12,335
Mar 2022241,341108.885.08$9,421
Feb 2022131,05491.054.86$6,305
Jan 2022271,09181.844.54$7,160
Dec 2021291,20271.323.90$6,755
Nov 2021201,16377.435.24$7,639
Oct 2021141,12779.795.71$7,557
Sep 2021241,36469.865.35$8,975
Aug 2021554,31066.024.22$21,822
Jul 2021382,30970.783.98$11,884
Jun 2021271,75869.493.38$7,819
May 2021321,86863.483.02$7,668
Apr 2021231,76360.362.76$6,251
Mar 2021171,13861.302.72$4,134
Feb 2021181,08357.805.55$7,049
Jan 2021523,09350.412.81$11,313
Dec 2020422,83344.642.68$9,454
Nov 2020392,71938.772.71$8,871
Oct 2020372,79636.972.48$8,298
Sep 2020282,48737.091.99$5,990
Aug 2020252,59139.982.39$7,179
Jul 2020222,80538.371.83$5,964
Jun 2020373,30634.901.69$6,879
May 2020314,18116.921.81$8,112
Apr 2020474,30514.751.80$8,461
Mar 2020504,56730.341.86$9,994
Feb 2020304,37549.881.98$10,162
Jan 2020624,52357.252.09$13,024
Dec 2019624,64459.012.30$14,360
Nov 2019624,94655.302.75$17,034
Oct 2019504,17353.472.42$12,766
Sep 2019474,64055.052.66$14,917
Aug 2019534,87353.112.30$14,044
Jul 2019504,90556.272.46$14,880
Jun 2019635,74652.782.49$17,640
May 2019443,85458.482.74$13,134
Apr 2019554,89362.632.75$16,904
Mar 2019765,36356.803.06$20,739
Feb 2019716,33150.852.79$21,288
Jan 2019713,10246.033.23$13,282
Dec 20181265,09746.594.19$27,204
Nov 2018974,82352.934.24$25,570
Oct 2018965,29061.443.40$23,874
Sep 2018805,25059.543.11$21,080
Aug 2018685,52159.403.07$20,970
Jul 2018895,16065.142.93$20,926
Jun 20181305,47760.183.08$24,676
May 2018945,85665.382.90$23,133
Apr 2018905,23263.842.90$20,923
Mar 20181336,15461.222.79$25,292
Feb 20181565,23661.782.77$24,121
Jan 20181245,69062.874.01$30,609
Dec 20171156,27257.272.92$24,910
Nov 20171136,14655.423.12$25,428
Oct 20171175,91649.292.98$23,418
Sep 20171436,42347.523.09$26,625
Aug 20171436,12245.373.00$24,881
Jul 20171386,74643.873.09$26,881
Jun 2017886,65042.493.09$24,270
May 20171056,91245.373.26$27,320
Apr 20171136,69547.933.21$26,918
Mar 20171126,89846.772.98$25,820
Feb 2017906,70750.452.95$24,344
Jan 2017967,59649.413.42$30,713
Dec 20161247,65948.763.72$34,559
Nov 2016957,58242.492.64$24,086
Oct 20161078,14546.193.09$30,113
Sep 2016948,16641.553.10$29,225
Aug 20161108,67341.442.92$29,921
Jul 20161109,02141.622.92$30,959
Jun 20161209,10945.352.69$29,907
May 20161429,57642.521.99$25,104
Apr 20161469,24436.561.99$23,743
Mar 20161629,74433.011.79$22,828
Feb 20161779,57026.472.06$24,434
Jan 20161338,62527.352.36$24,030
Dec 201511110,31632.362.00$24,239
Nov 201514310,53338.792.17$28,375
Oct 201511911,10643.552.43$32,132
Sep 201511110,76942.992.76$34,477
Aug 201515911,67840.162.87$39,930
Jul 201517911,95348.152.95$43,821
Jun 201513911,80056.152.88$41,823
May 201516610,40155.212.96$39,905
Apr 201521311,29249.822.71$41,174
Mar 201524113,53442.892.93$50,055
Feb 201519310,61444.662.98$40,209
Jan 201527211,57843.433.10$47,712
Dec 201444911,63754.693.59$66,348
Nov 201431011,80470.464.25$72,031
Oct 201434313,98578.303.90$81,412
Sep 20141113,66786.164.05$24,398
Aug 201422089.394.04$1,967
Jul 20141487,66296.564.18$46,315
Jun 201435213,54198.164.74$98,694
May 201451615,47194.734.73$122,005
Apr 201443115,94195.944.81$118,012
Mar 201447717,29295.895.06$133,182
Feb 201442819,73297.406.19$163,868
Jan 201442716,50490.404.86$118,822
Dec 201355324,84391.824.35$158,955
Nov 2013772,63888.853.74$16,703
Oct 201357813,93697.423.78$108,978
Sep 2013111,261104.113.72$41,970
Aug 20135719,902104.253.52$94,408
Jul 201336519,147102.523.72$108,603
Jun 20132094.403.93$189
May 201314094.834.15$1,328
Apr 20131196,73193.964.28$40,007
Mar 201331527,42793.623.91$136,809
Feb 201356928,53391.233.42$149,490
Jan 201353615,14591.603.42$100,892
Dec 20121,07332,02586.773.42$202,635
Nov 20121,09930,30486.953.62$205,409
Oct 201283589.383.40$834
Sep 201219022,29994.672.92$83,065
Aug 201217233,38392.662.91$113,021
Jul 201217635,43285.133.02$122,016
Jun 201244230,33279.822.52$111,688
May 201249243,95191.612.49$154,436
Apr 20121,19045,207101.652.00$211,233
Mar 20121,43346,240105.052.22$253,286
Feb 20121,54637,881101.102.57$253,664
Jan 20121,23428,71698.092.73$199,555
Dec 20112,62051,41196.873.24$420,358
Nov 20111,20362,94695.723.31$323,583
Oct 20112,39797,74184.983.65$560,309
Sep 20112,716128,81683.623.99$740,547
Aug 2011036,09583.404.15$149,770

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.

Jan 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 59.13 =         $0
Gas                   81 Mcf  × $  8.00 =       $648

────────────────────────────────────────────────────
Month total                                     $648

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/265517 is the state's own key, not one this site invented.