GALVAN STATE

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 267934District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$11.6 M
May 2012 – May 2026
Value, last 12 filed months
$46 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
CondensateDisposition35,049 bbl$2,964,110
GasProduction2,448,546 Mcf$8,631,617
Total$11,595,727

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 202601,67998.932.87$4,818
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 2025119856.664.41$931
Nov 2025111,44858.593.93$6,330
Oct 2025141,84159.383.30$6,916
Sep 2025151,66062.743.08$6,049
Aug 2025241,88663.933.01$7,220
Jul 2025151,80366.743.32$6,978
Jun 2025151,77366.483.13$6,544
May 2025401,88660.553.23$8,518
Apr 2025221,83362.363.54$7,866
Mar 2025271,89167.704.27$9,899
Feb 2025231,54970.884.34$8,354
Jan 2025281,93274.324.28$10,347
Dec 2024171,96768.993.12$7,313
Nov 2024121,92969.052.20$5,069
Oct 2024142,00671.372.28$5,576
Sep 2024151,84169.612.36$5,397
Aug 2024112,06075.632.06$5,083
Jul 2024112,13579.932.15$5,462
Jun 2024142,06178.082.63$6,522
May 2024112,18478.812.20$5,668
Apr 2024122,14384.451.66$4,569
Mar 2024232,26880.301.55$5,351
Feb 2024121,69676.091.78$3,938
Jan 2024162,12273.023.30$8,166
Dec 2023112,22971.262.61$6,603
Nov 202352,18677.892.81$6,527
Oct 202342,24585.443.09$7,273
Sep 2023152,07489.042.74$7,008
Aug 2023162,04880.522.67$6,762
Jul 2023182,19474.852.64$7,143
Jun 2023161,91068.962.26$5,417
May 2023212,17470.622.23$6,325
Apr 2023202,12378.122.24$6,313
Mar 2023242,22872.852.39$7,080
Feb 2023262,25075.112.47$7,501
Jan 2023251,84276.533.39$8,153
Dec 2022181,35476.415.73$9,133
Nov 2022111,92985.005.65$11,827
Oct 2022192,38387.185.86$15,630
Sep 2022172,34284.888.16$20,562
Aug 2022182,44994.529.13$24,054
Jul 2022262,440101.587.54$21,044
Jun 2022232,488115.097.98$22,494
May 2022111,831109.378.43$16,644
Apr 2022201,984104.226.84$15,650
Mar 2022272,381108.885.08$15,027
Feb 2022212,18791.054.86$12,538
Jan 2022292,47781.844.54$13,613
Dec 2021232,49271.323.90$11,357
Nov 2021212,42377.435.24$14,315
Oct 2021182,49979.795.71$15,715
Sep 2021182,31069.865.35$13,618
Aug 2021192,46066.024.22$11,637
Jul 2021192,43670.783.98$11,045
Jun 2021182,43869.493.38$9,493
May 2021222,52863.483.02$9,025
Apr 2021222,49060.362.76$8,196
Mar 2021182,58961.302.72$8,138
Feb 2021111,83457.805.55$10,811
Jan 2021263,30750.412.81$10,604
Dec 2020242,98444.642.68$9,055
Nov 2020223,19638.772.71$9,503
Oct 2020222,66436.972.48$7,416
Sep 2020192,58837.091.99$5,858
Aug 2020192,66339.982.39$7,111
Jul 2020192,71538.371.83$5,684
Jun 2020222,61234.901.69$5,183
May 2020142,71916.921.81$5,171
Apr 2020252,67714.751.80$5,199
Mar 2020272,77830.341.86$5,976
Feb 2020262,78049.881.98$6,803
Jan 2020262,32557.252.09$6,359
Dec 2019292,77959.012.30$8,115
Nov 2019262,74755.302.75$8,994
Oct 2019262,83553.472.42$8,247
Sep 2019252,76555.052.66$8,724
Aug 2019212,77953.112.30$7,519
Jul 2019202,84056.272.46$8,112
Jun 2019252,64452.782.49$7,906
May 2019232,74558.482.74$8,867
Apr 2019272,74062.632.75$9,228
Mar 2019352,83956.803.06$10,681
Feb 2019582,66750.852.79$10,396
Jan 2019803,05446.033.23$13,541
Dec 2018403,06646.594.19$14,696
Nov 2018392,98452.934.24$14,708
Oct 2018263,19861.443.40$12,465
Sep 2018223,22759.543.11$11,339
Aug 2018303,24459.403.07$11,730
Jul 2018393,33065.142.93$12,304
Jun 2018293,22360.183.08$11,662
May 2018273,36365.382.90$11,521
Apr 2018293,36963.842.90$11,624
Mar 2018343,52861.222.79$11,913
Feb 2018323,20561.782.77$10,842
Jan 2018513,64362.874.01$17,812
Dec 2017563,61057.272.92$13,754
Nov 2017353,77455.423.12$13,708
Oct 2017494,00149.292.98$14,353
Sep 2017853,79647.523.09$15,759
Aug 2017264,08945.373.00$13,465
Jul 2017314,22843.873.09$14,413
Jun 2017254,08342.493.09$13,668
May 2017294,34045.373.26$15,479
Apr 2017334,19347.933.21$15,048
Mar 2017384,48346.772.98$15,153
Feb 2017364,23650.452.95$14,323
Jan 2017394,82549.413.42$18,423
Dec 2016434,89548.763.72$20,320
Nov 2016314,95842.492.64$14,428
Oct 2016365,14746.193.09$17,568
Sep 2016345,22941.553.10$17,626
Aug 2016415,03841.442.92$16,432
Jul 2016355,86041.622.92$18,593
Jun 2016416,32845.352.69$18,855
May 2016577,04542.521.99$16,451
Apr 2016646,83136.561.99$15,941
Mar 2016868,40633.011.79$17,919
Feb 20161485,92926.472.06$16,153
Jan 2016452,48927.352.36$7,116
Dec 2015577,45432.362.00$16,763
Nov 2015727,55738.792.17$19,171
Oct 2015648,50443.552.43$23,423
Sep 2015608,66242.992.76$26,473
Aug 2015869,87140.162.87$31,808
Jul 201511311,08848.152.95$38,096
Jun 201511812,80856.152.88$43,549
May 201510010,40055.212.96$36,258
Apr 201511610,90749.822.71$35,300
Mar 201517413,08042.892.93$45,849
Feb 201519814,94944.662.98$53,334
Jan 201534219,42843.433.10$75,092
Dec 201446823,79154.693.59$111,037
Nov 20144335,80970.464.25$55,208
Oct 201419078.303.90$1,488
Sep 201438228,83886.164.05$149,576
Aug 201452544,81489.394.04$227,760
Jul 201451645,51796.564.18$240,068
Jun 201457745,71698.164.74$273,190
May 201469048,88094.734.73$296,398
Apr 201478352,30495.944.81$326,657
Mar 201470130,49495.895.06$221,421
Feb 201436824,34597.406.19$186,587
Jan 201463352,27990.404.86$311,337
Dec 201367355,64291.824.35$304,087
Nov 201388860,25888.853.74$304,160
Oct 201314920,69597.423.78$92,729
Sep 201338561,206104.113.72$267,630
Aug 201354058,539104.253.52$262,505
Jul 201357265,492102.523.72$302,124
Jun 201325483,49194.403.93$352,382
May 20131,07764,04594.834.15$367,860
Apr 201369067,27393.964.28$352,935
Mar 20131,21570,39093.623.91$389,175
Feb 20131,00871,26091.233.42$335,663
Jan 20131,42078,44691.603.42$398,350
Dec 20121,29982,38286.773.42$394,474
Nov 20121,68080,42086.953.62$437,595
Oct 20121,93683,87689.383.40$458,191
Sep 201299562,20294.672.92$275,727
Aug 20121,825122,07192.662.91$524,107
Jul 20122,607137,44185.133.02$637,116
Jun 20123,518140,87479.822.52$635,674
May 20121,44394,37591.612.49$367,028

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             0 bbl  × $ 98.93 =         $0
Gas                1,679 Mcf  × $  2.87 =     $4,818

────────────────────────────────────────────────────
Month total                                   $4,818

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/267934 is the state's own key, not one this site invented.