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 268446District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$7.1 M
Jul 2012 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
167
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
CondensateDisposition10,574 bbl$843,289
GasProduction1,868,752 Mcf$6,271,770
Total$7,115,059

Every month this lease reported (167)

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

167 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
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 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 20230077.892.81$0
Oct 20230085.443.09$0
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 20211377.435.24$93
Oct 202146,65979.795.71$38,368
Sep 202127,30369.865.35$39,217
Aug 202127,77266.024.22$32,934
Jul 202118,09570.783.98$32,306
Jun 202117,93069.493.38$26,878
May 202148,18763.483.02$24,960
Apr 202187,75860.362.76$21,883
Mar 2021177,61361.302.72$21,726
Feb 2021157,41557.805.55$42,005
Jan 202127,51750.412.81$21,226
Dec 202098,30144.642.68$22,611
Nov 2020127,30738.772.71$20,242
Oct 2020118,18636.972.48$20,695
Sep 202097,45537.091.99$15,177
Aug 2020138,66339.982.39$21,182
Jul 2020148,85938.371.83$16,706
Jun 2020238,30534.901.69$14,841
May 2020188,63316.921.81$15,971
Apr 2020297,71214.751.80$14,343
Mar 20203313,89830.341.86$26,799
Feb 2020338,66049.881.98$18,799
Jan 20203011,24357.252.09$25,269
Dec 2019319,07659.012.30$22,744
Nov 2019208,89655.302.75$25,576
Oct 2019279,25353.472.42$23,822
Sep 2019258,99255.052.66$25,271
Aug 2019279,39153.112.30$23,074
Jul 2019259,34356.272.46$24,391
Jun 2019299,12752.782.49$24,268
May 2019289,44858.482.74$27,528
Apr 2019329,18562.632.75$27,269
Mar 2019449,59156.803.06$31,868
Feb 2019408,74250.852.79$26,444
Jan 2019549,72946.033.23$33,893
Dec 2018559,78646.594.19$43,521
Nov 2018359,21552.934.24$40,899
Oct 201871,02061.443.40$3,896
Sep 2018020459.543.11$634
Aug 2018487259.403.07$2,912
Jul 2018515,47465.142.93$19,371
Jun 20181668,65260.183.08$36,611
May 2018129,04365.382.90$27,016
Apr 2018269,10063.842.90$28,057
Mar 2018129,51461.222.79$27,249
Feb 2018358,52361.782.77$25,738
Jan 2018579,31762.874.01$40,938
Dec 2017519,35457.272.92$30,249
Nov 2017429,29055.423.12$31,297
Oct 2017379,52349.292.98$30,237
Sep 2017278,97347.523.09$28,985
Aug 201769,55145.373.00$28,967
Jul 2017189,49443.873.09$30,100
Jun 2017209,36542.493.09$29,762
May 2017349,71645.373.26$33,250
Apr 2017439,51447.933.21$32,616
Mar 2017539,82646.772.98$31,796
Feb 2017529,05050.452.95$29,344
Jan 2017559,70649.413.42$35,900
Dec 2016229,32448.763.72$35,784
Nov 201609,88742.492.64$26,145
Oct 2016110,59846.193.09$32,797
Sep 201675,59541.553.10$17,639
Aug 20169041.442.92$373
Jul 2016496,25641.622.92$20,334
Jun 20166713,31745.352.69$38,806
May 20169713,76942.521.99$31,539
Apr 20167613,40136.561.99$29,460
Mar 20167714,17933.011.79$27,979
Feb 20169013,54626.472.06$30,336
Jan 20169613,96327.352.36$35,639
Dec 20157414,35032.362.00$31,115
Nov 20158514,21938.792.17$34,114
Oct 20157514,97143.552.43$39,595
Sep 20156114,43142.992.76$42,429
Aug 20156415,20140.162.87$46,235
Jul 20156515,32948.152.95$48,275
Jun 20157014,99556.152.88$47,159
May 20158315,23055.212.96$49,594
Apr 20158014,72749.822.71$43,845
Mar 20158715,61042.892.93$49,542
Feb 20157713,97944.662.98$45,043
Jan 201510614,83143.433.10$50,589
Dec 201411514,08054.693.59$56,856
Nov 20149612,90670.464.25$61,638
Oct 2014423,81678.303.90$18,175
Sep 2014302,27786.164.05$11,796
Aug 201414022,53189.394.04$103,430
Jul 201413622,77596.564.18$108,323
Jun 201417920,92098.164.74$116,666
May 201423221,91394.734.73$125,550
Apr 201419321,18295.944.81$120,383
Mar 201419216,01395.895.06$99,385
Feb 201428414,84597.406.19$119,582
Jan 201416917,72890.404.86$101,448
Dec 201316215,65691.824.35$83,049
Nov 201326715,45388.853.74$81,491
Oct 20131334,55497.423.78$30,168
Sep 201333742,093104.113.72$191,576
Aug 201348256,051104.253.52$247,694
Jul 201328158,275102.523.72$245,459
Jun 201326556,54294.403.93$247,419
May 201341363,38794.834.15$302,163
Apr 201345767,87393.964.28$333,612
Mar 201349982,13593.623.91$368,100
Feb 2013860891.233.42$2,809
Jan 201332639,25991.603.42$164,124
Dec 201234759,71786.773.42$234,351
Nov 201227356,35986.953.62$228,036
Oct 201219836,99689.383.40$143,472
Sep 201237679,67894.672.92$268,128
Aug 2012616121,04592.662.91$409,097
Jul 201223732,04885.133.02$116,986

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.

Nov 2021 — as filed, then multipliedworked
Condensate             1 bbl  × $ 77.43 =        $77
Gas                    3 Mcf  × $  5.24 =        $16

────────────────────────────────────────────────────
Month total                                      $93

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/268446 is the state's own key, not one this site invented.