GALVAN RANCH LP

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 267933District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$13.9 M
May 2012 – May 2026
Value, last 12 filed months
$102 k
at the published price for each month
Months reported
169
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
CondensateDisposition80,039 bbl$6,262,255
GasProduction2,286,147 Mcf$7,640,043
Total$13,902,298

Every month this lease reported (169)

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

169 months

May 202600106.413.05$0
Apr 2026521,73498.932.87$10,120
Mar 2026581,83989.753.15$10,997
Feb 2026461,22763.503.75$7,523
Jan 2026631,80359.138.00$18,145
Dec 2025301,84056.664.41$9,820
Nov 2025141,42858.593.93$6,427
Oct 202501,79859.383.30$5,942
Sep 202531,69362.743.08$5,397
Aug 2025461,84063.933.01$8,488
Jul 2025491,90466.743.32$9,582
Jun 2025511,84066.483.13$9,147
May 2025521,91360.553.23$9,332
Apr 2025541,86362.363.54$9,968
Mar 2025551,91867.704.27$11,910
Feb 2025631,72970.884.34$11,971
Jan 20251401,96474.324.28$18,808
Dec 2024641,96768.993.12$10,555
Nov 2024541,85869.052.20$7,813
Oct 20241751,96371.372.28$16,968
Sep 2024572,05969.612.36$8,836
Aug 2024501,98275.632.06$7,872
Jul 2024501,94079.932.15$8,161
Jun 2024471,58078.082.63$7,831
May 2024371,78278.812.20$6,834
Apr 2024491,91784.451.66$7,319
Mar 2024642,16080.301.55$8,477
Feb 2024602,03076.091.78$8,186
Jan 2024642,19573.023.30$11,912
Dec 2023632,12871.262.61$10,045
Nov 2023692,16077.892.81$11,439
Oct 2023572,30385.443.09$11,980
Sep 2023872,28989.042.74$14,007
Aug 2023772,49280.522.67$12,861
Jul 2023771,90774.852.64$10,801
Jun 2023391868.962.26$2,280
May 20231085570.622.23$2,611
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 202306076.533.39$203
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220787.185.86$41
Sep 20222084.888.16$170
Aug 2022351,42194.529.13$16,278
Jul 20221325,042101.587.54$51,436
Jun 20221925,473115.097.98$65,757
May 2022944,299109.378.43$46,534
Apr 20221414,172104.226.84$43,221
Mar 20222205,281108.885.08$50,762
Feb 20221434,87891.054.86$36,722
Jan 20221115,49081.844.54$33,996
Dec 202105,51171.323.90$21,488
Nov 202105,38377.435.24$28,190
Oct 202105,42979.795.71$31,021
Sep 202175,37569.865.35$29,250
Aug 2021925,37166.024.22$28,743
Jul 20211365,59970.783.98$31,922
Jun 20211885,51369.493.38$31,701
May 2021615,65263.483.02$20,928
Apr 2021365,62760.362.76$17,695
Mar 20211156,00761.302.72$23,370
Feb 20211014,60757.805.55$31,397
Jan 20211336,10350.412.81$23,856
Dec 2020315,91144.642.68$17,198
Nov 2020245,97138.772.71$17,091
Oct 2020716,22736.972.48$18,058
Sep 2020946,19637.091.99$15,823
Aug 20201156,27139.982.39$19,555
Jul 20201536,49038.371.83$17,716
Jun 20201806,39034.901.69$17,083
May 20201426,91416.921.81$14,950
Apr 20202106,89014.751.80$15,530
Mar 20202247,39730.341.86$20,527
Feb 20201245,45049.881.98$16,980
Jan 20201845,73357.252.09$22,543
Dec 20191805,75759.012.30$23,888
Nov 20191775,86555.302.75$25,921
Oct 20191265,72453.472.42$20,581
Sep 20191535,86755.052.66$24,013
Aug 20191755,97153.112.30$23,054
Jul 20191516,03856.272.46$23,351
Jun 20191655,91752.782.49$23,449
May 20191256,19358.482.74$24,281
Apr 20191796,35362.632.75$28,686
Mar 20192266,82356.803.06$33,730
Feb 20191896,09350.852.79$26,624
Jan 20192686,61446.033.23$33,687
Dec 20183036,97946.594.19$43,327
Nov 20182257,45152.934.24$43,481
Oct 20182367,78161.443.40$40,940
Sep 20182227,79359.543.11$37,439
Aug 20182507,81859.403.07$38,824
Jul 20182318,06665.142.93$38,696
Jun 20182317,89960.183.08$38,206
May 20182248,07265.382.90$38,060
Apr 20182108,01163.842.90$36,645
Mar 20182318,38361.222.79$37,504
Feb 20181777,68061.782.77$32,179
Jan 20182128,73462.874.01$48,346
Dec 20173098,57457.272.92$42,746
Nov 20172578,52155.423.12$40,814
Oct 20171809,00549.292.98$35,740
Sep 20172328,71847.523.09$37,940
Aug 20172429,23445.373.00$38,722
Jul 20172879,39243.873.09$41,586
Jun 20172009,15242.493.09$36,753
May 20171589,61545.373.26$38,546
Apr 20171239,04747.933.21$34,951
Mar 20171819,66946.772.98$37,315
Feb 20172578,84950.452.95$39,093
Jan 201726310,27549.413.42$48,123
Dec 201631210,82948.763.72$55,528
Nov 201625810,82442.492.64$39,585
Oct 201630111,01446.193.09$47,939
Sep 201627911,34541.553.10$46,769
Aug 201632911,99441.442.92$48,708
Jul 201632812,78441.622.92$51,036
Jun 201639612,50845.352.69$51,553
May 201647013,37642.521.99$46,617
Apr 201650512,44136.561.99$43,233
Mar 201645614,26333.011.79$40,641
Feb 201653411,38226.472.06$37,623
Jan 20162503,79627.352.36$15,813
Dec 201529711,05832.362.00$31,743
Nov 201544612,54738.792.17$44,494
Oct 201537313,67343.552.43$49,423
Sep 201530813,17942.992.76$49,594
Aug 201541213,53140.162.87$55,414
Jul 201553314,33448.152.95$67,879
Jun 201554014,17656.152.88$71,188
May 201559114,85555.212.96$76,532
Apr 201566814,84649.822.71$73,462
Mar 201581017,65742.892.93$86,559
Feb 201551514,86244.662.98$67,232
Jan 201542815,94143.433.10$68,015
Dec 201479014,60054.693.59$95,639
Nov 201465316,74570.464.25$117,207
Oct 20143417,32678.303.90$55,279
Sep 20141164,45186.164.05$28,001
Aug 20147513,52889.394.04$61,291
Jul 201417313,73496.564.18$74,108
Jun 201447313,87198.164.74$112,135
May 201473516,25694.734.73$146,462
Apr 20141134,95095.944.81$34,646
Mar 201438195.895.06$3,649
Feb 201485319,33797.406.19$202,817
Jan 20141,60334,40090.404.86$312,120
Dec 20131,47942,22591.824.35$319,670
Nov 20131,76646,87388.853.74$332,134
Oct 201329012,75797.423.78$76,465
Sep 201376443,362104.113.72$240,749
Aug 201378141,758104.253.52$228,516
Jul 20131,16947,189102.523.72$295,282
Jun 201396857,41894.403.93$317,228
May 20131,76659,12894.834.15$412,797
Apr 20131,35555,84093.964.28$366,456
Mar 20132,29759,98893.623.91$449,770
Feb 20131,80359,54791.233.42$368,133
Jan 20132,62966,65291.603.42$468,760
Dec 20122,23169,28186.773.42$430,536
Nov 20122,92367,15886.953.62$497,600
Oct 20123,11777,90489.383.40$543,446
Sep 20123,97792,82594.672.92$647,403
Aug 20124,07094,08092.662.91$650,726
Jul 20125,394107,60285.133.02$784,235
Jun 20128,896129,33679.822.52$1,035,881
May 20123,02665,91991.612.49$441,239

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            52 bbl  × $ 98.93 =     $5,144
Gas                1,734 Mcf  × $  2.87 =     $4,976

────────────────────────────────────────────────────
Month total                                  $10,120

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/267933 is the state's own key, not one this site invented.