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 267935District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$29.0 M
Jun 2012 – May 2026
Value, last 12 filed months
$478 k
at the published price for each month
Months reported
168
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
CondensateDisposition39,822 bbl$3,329,355
GasProduction7,491,037 Mcf$25,649,635
Total$28,978,990

Every month this lease reported (168)

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

168 months

May 202600106.413.05$0
Apr 202609,21998.932.87$26,456
Mar 2026010,90589.753.15$34,345
Feb 202649,99363.503.75$37,731
Jan 2026911,29859.138.00$90,893
Dec 2025712,08656.664.41$53,736
Nov 2025510,78258.593.93$42,628
Oct 2025612,50259.383.30$41,673
Sep 2025811,40862.743.08$35,603
Aug 2025110,75163.933.01$32,476
Jul 2025112,58266.743.32$41,779
Jun 2025012,98566.483.13$40,626
May 202509,76460.553.23$31,560
Apr 2025512,01862.363.54$42,893
Mar 2025612,94767.704.27$55,668
Feb 2025710,55470.884.34$46,309
Jan 2025813,24074.324.28$57,244
Dec 2024612,43868.993.12$39,238
Nov 20241512,78069.052.20$29,132
Oct 20241412,77471.372.28$30,142
Sep 20244813,09969.612.36$34,312
Aug 20241515,65675.632.06$33,443
Jul 202436,77479.932.15$14,781
Jun 2024614,08678.082.63$37,571
May 2024412,77178.812.20$28,392
Apr 2024313,15084.451.66$22,072
Mar 2024713,96880.301.55$22,144
Feb 2024613,41076.091.78$24,375
Jan 2024612,61673.023.30$42,041
Dec 2023913,45371.262.61$35,763
Nov 20231212,75677.892.81$36,748
Oct 20236113,10085.443.09$45,655
Sep 20232613,39889.042.74$38,959
Aug 2023414,98980.522.67$40,386
Jul 2023315,83974.852.64$42,068
Jun 2023510,99468.962.26$25,175
May 2023115,27070.622.23$34,083
Apr 2023514,56078.122.24$32,972
Mar 20231115,38272.852.39$37,613
Feb 20231115,61275.112.47$39,320
Jan 20231714,56676.533.39$50,647
Dec 20222514,55076.415.73$85,268
Nov 2022139,93985.005.65$57,223
Oct 2022814,53087.185.86$85,898
Sep 2022715,12884.888.16$124,094
Aug 2022915,20694.529.13$139,638
Jul 2022816,047101.587.54$121,840
Jun 2022815,607115.097.98$125,421
May 20221016,273109.378.43$138,325
Apr 20221115,851104.226.84$109,529
Mar 20221516,685108.885.08$86,333
Feb 20221315,26791.054.86$75,364
Jan 20221717,15681.844.54$79,240
Dec 20211417,21071.323.90$68,102
Nov 20211216,57777.435.24$87,740
Oct 20211117,23879.795.71$99,373
Sep 20211016,94369.865.35$91,359
Aug 20211017,78066.024.22$75,702
Jul 2021718,02470.783.98$72,268
Jun 2021217,75069.493.38$60,145
May 20211618,40163.483.02$56,544
Apr 20211718,21060.362.76$51,257
Mar 20212019,26161.302.72$53,557
Feb 20211715,34557.805.55$86,116
Jan 20212219,48650.412.81$55,870
Dec 20201719,28244.642.68$52,347
Nov 20201619,37638.772.71$53,063
Oct 20201721,45036.972.48$53,791
Sep 20201418,26337.091.99$36,882
Aug 20201320,49039.982.39$49,390
Jul 20201421,75338.371.83$40,239
Jun 20202419,08334.901.69$33,094
May 20202420,78716.921.81$38,129
Apr 20203720,69714.751.80$37,891
Mar 20205121,67830.341.86$41,787
Feb 20207220,53249.881.98$44,258
Jan 20204022,16757.252.09$48,724
Dec 20194121,99659.012.30$53,106
Nov 20193722,21355.302.75$63,147
Oct 20193823,71453.472.42$59,385
Sep 20192922,65055.052.66$61,784
Aug 2019923,86153.112.30$55,462
Jul 2019023,77756.272.46$58,493
Jun 2019624,25152.782.49$60,731
May 20192323,85158.482.74$66,704
Apr 20194624,40462.632.75$70,009
Mar 20195725,69756.803.06$81,924
Feb 20195023,60850.852.79$68,461
Jan 20196326,78946.033.23$89,380
Dec 20186027,88146.594.19$119,490
Nov 20184824,35052.934.24$105,717
Oct 20187728,35661.443.40$101,087
Sep 201810327,84159.543.11$92,662
Aug 20184929,27259.403.07$92,675
Jul 20184529,49065.142.93$89,392
Jun 20184429,16460.183.08$92,383
May 20184930,45465.382.90$91,545
Apr 20185830,50863.842.90$92,200
Mar 20187332,39461.222.79$94,746
Feb 20185929,70761.782.77$85,818
Jan 20187533,62362.874.01$139,521
Dec 20177034,40457.272.92$104,521
Nov 20177334,43955.423.12$111,439
Oct 20176836,03049.292.98$110,854
Sep 20176035,36347.523.09$112,027
Aug 20174738,05945.373.00$116,477
Jul 20177338,54643.873.09$122,205
Jun 20175737,96142.493.09$119,618
May 20176939,55245.373.26$132,205
Apr 20178138,79347.933.21$128,470
Mar 20179341,12946.772.98$127,065
Feb 201710037,80450.452.95$116,665
Jan 201712041,45149.413.42$147,642
Dec 201613542,39148.763.72$164,397
Nov 20169742,94342.492.64$117,678
Oct 201611045,42146.193.09$145,444
Sep 201610045,39241.553.10$144,899
Aug 201610347,54241.442.92$143,297
Jul 201610349,70341.622.92$149,635
Jun 201610349,76345.352.69$138,326
May 201610152,97342.521.99$109,766
Apr 201610350,74336.561.99$104,797
Mar 201612753,83533.011.79$100,773
Feb 201616053,33226.472.06$114,293
Jan 201616556,05827.352.36$137,054
Dec 201513858,17432.362.00$120,896
Nov 201518757,86038.792.17$132,655
Oct 201518262,27343.552.43$159,037
Sep 201515862,50242.992.76$179,199
Aug 201518467,00940.162.87$199,872
Jul 201522770,05048.152.95$217,233
Jun 201526563,94756.152.88$199,230
May 201526259,32755.212.96$189,803
Apr 201529366,65749.822.71$195,009
Mar 201533072,81642.892.93$227,848
Feb 201527167,23544.662.98$212,207
Jan 201537076,88243.433.10$254,452
Dec 201437579,67154.693.59$306,636
Nov 201436776,68370.464.25$351,903
Oct 201440286,23978.303.90$367,891
Sep 201432465,93086.164.05$294,632
Aug 201449791,24489.394.04$412,607
Jul 201446697,98096.564.18$454,514
Jun 2014728101,48498.164.74$552,178
May 20141,316121,69594.734.73$699,863
Apr 201467095.944.81$6,428
Mar 201465088,71995.895.06$510,963
Feb 201468890,97497.406.19$630,322
Jan 2014911107,86490.404.86$606,651
Dec 2013930111,39691.824.35$570,464
Nov 20131,141110,64188.853.74$514,985
Oct 20131,112121,37397.423.78$567,043
Sep 20131,060116,772104.113.72$544,485
Aug 20131,140128,397104.253.52$571,138
Jul 20131,091123,529102.523.72$571,098
Jun 2013734126,36794.403.93$566,343
May 2013958136,12794.834.15$655,649
Apr 2013753133,05993.964.28$640,589
Mar 2013497115,83293.623.91$499,765
Feb 2013655,11491.233.42$23,419
Jan 201355479,58691.603.42$322,923
Dec 20121,710189,21786.773.42$795,529
Nov 20122,281228,28686.953.62$1,025,861
Oct 20122,436281,98589.383.40$1,176,388
Sep 20122,366239,55594.672.92$923,107
Aug 20122,975239,87392.662.91$973,253
Jul 20122,838238,75385.133.02$962,824
Jun 20121,060141,98579.822.52$442,275

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                9,219 Mcf  × $  2.87 =    $26,456

────────────────────────────────────────────────────
Month total                                  $26,456

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/267935 is the state's own key, not one this site invented.