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 267936District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$8.0 M
Apr 2012 – May 2026
Value, last 12 filed months
$137 k
at the published price for each month
Months reported
170
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
CondensateDisposition10,352 bbl$796,390
GasProduction2,146,391 Mcf$7,228,267
Total$8,024,657

Every month this lease reported (170)

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

170 months

May 202600106.413.05$0
Apr 202602,73098.932.87$7,834
Mar 202623,00789.753.15$9,650
Feb 2026153,19163.503.75$12,920
Jan 202612,66859.138.00$21,398
Dec 202503,37656.664.41$14,900
Nov 202513,05258.593.93$12,042
Oct 202503,31559.383.30$10,956
Sep 202503,30062.743.08$10,154
Aug 202503,47463.933.01$10,473
Jul 202503,95566.743.32$13,112
Jun 202504,21866.483.13$13,197
May 202515,18960.553.23$16,833
Apr 2025115,58562.363.54$20,474
Mar 2025243,13667.704.27$15,010
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 2024062768.993.12$1,957
Nov 2024032969.052.20$723
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 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20231077.892.81$78
Oct 20231034085.443.09$1,904
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20203116.921.81$53
Apr 20201971314.751.80$1,567
Mar 2020152,31130.341.86$4,745
Feb 202012,59449.881.98$5,188
Jan 202002,74657.252.09$5,752
Dec 201902,85459.012.30$6,577
Nov 201902,73955.302.75$7,534
Oct 201902,88353.472.42$6,973
Sep 201912,67155.052.66$7,153
Aug 2019102,71753.112.30$6,792
Jul 2019142,77756.272.46$7,619
Jun 2019482,86252.782.49$9,663
May 20191113,10658.482.74$15,003
Apr 20191143,10562.632.75$15,681
Mar 2019953,27056.803.06$15,409
Feb 2019313,03450.852.79$10,048
Jan 2019313,42846.033.23$12,493
Dec 2018323,46446.594.19$15,989
Nov 2018263,44552.934.24$15,973
Oct 2018253,65061.443.40$13,939
Sep 2018193,63559.543.11$12,429
Aug 201873,88159.403.07$12,317
Jul 201843,71865.142.93$11,161
Jun 2018133,65360.183.08$12,022
May 2018763,88565.382.90$16,238
Apr 20181604,19763.842.90$22,389
Mar 20182703,61561.222.79$26,604
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 201706657.272.92$193
Nov 20170055.423.12$0
Oct 201706649.292.98$197
Sep 201706447.523.09$198
Aug 201706645.373.00$198
Jul 20170043.873.09$0
Jun 201714342.493.09$175
May 2017352145.373.26$1,836
Apr 201706547.933.21$209
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 201712049.413.42$593
Dec 20167311,96548.763.72$48,103
Nov 20165714,81342.492.64$41,593
Oct 2016223,15646.193.09$10,769
Sep 20165414,16941.553.10$46,177
Aug 201610916,73241.442.92$53,447
Jul 201613116,62741.622.92$54,075
Jun 20167117,47845.352.69$50,163
May 20168119,12142.521.99$41,515
Apr 20168016,47536.561.99$35,727
Mar 20169018,72433.011.79$36,562
Feb 201610018,50626.472.06$40,837
Jan 20169619,67427.352.36$49,142
Dec 20157120,39332.362.00$43,112
Nov 20159420,63238.792.17$48,363
Oct 20159322,19543.552.43$57,908
Sep 20158021,54542.992.76$62,869
Aug 201510522,77240.162.87$69,629
Jul 201511721,84248.152.95$69,960
Jun 20158921,19256.152.88$66,091
May 201511424,14655.212.96$77,656
Apr 201514524,38649.822.71$73,226
Mar 201513042.892.93$558
Feb 20159219,49644.662.98$62,133
Jan 201515329,02843.433.10$96,650
Dec 201417829,25354.693.59$114,793
Nov 201414827,62470.464.25$127,881
Oct 201417229,38478.303.90$128,093
Sep 201415429,97286.164.05$134,519
Aug 201411531,31489.394.04$136,636
Jul 201410332,47396.564.18$145,670
Jun 20149631,11998.164.74$156,830
May 201423334,38294.734.73$184,581
Apr 201422433,99495.944.81$184,972
Mar 201411336,26295.895.06$194,205
Feb 20149735,77797.406.19$230,979
Jan 201411125,85490.404.86$135,703
Dec 201323733,96491.824.35$169,657
Nov 201316733,17688.853.74$138,859
Oct 201321736,27497.423.78$158,233
Sep 201318436,190104.113.72$153,701
Aug 20137232,349104.253.52$121,459
Jul 201330538,387102.523.72$173,981
Jun 201317837,89294.403.93$165,848
May 201321048,07994.834.15$219,398
Apr 201320745,97693.964.28$216,346
Mar 201324548,13593.623.91$211,283
Feb 201326445,69291.233.42$180,347
Jan 201331558,02691.603.42$227,298
Dec 201225049,87586.773.42$192,273
Nov 201230651,91686.953.62$214,800
Oct 201237772,61189.383.40$280,550
Sep 201232396,54094.672.92$312,321
Aug 201244175,48492.662.91$260,383
Jul 201248485,28985.133.02$298,844
Jun 2012182121,95379.822.52$321,732
May 2012307139,39891.612.49$374,991
Apr 2012013,373101.652.00$26,703

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                2,730 Mcf  × $  2.87 =     $7,834

────────────────────────────────────────────────────
Month total                                   $7,834

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/267936 is the state's own key, not one this site invented.