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 268633District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$15.2 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
CondensateDisposition52,606 bbl$4,111,447
GasProduction3,177,253 Mcf$11,083,737
Total$15,195,184

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 2023010168.962.26$228
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 202301476.533.39$47
Dec 202202,37376.415.73$13,595
Nov 202232,94685.005.65$16,889
Oct 2022478,14887.185.86$51,875
Sep 2022754,73584.888.16$45,021
Aug 2022643,25194.529.13$35,722
Jul 2022392,456101.587.54$22,485
Jun 2022141,504115.097.98$13,609
May 202215,247109.378.43$44,358
Apr 202258,667104.226.84$59,783
Mar 202299,107108.885.08$47,211
Feb 202228,57291.054.86$41,832
Jan 2022428,55181.844.54$42,239
Dec 2021519,29971.323.90$39,895
Nov 202179,25177.435.24$48,988
Oct 2021349,38279.795.71$56,320
Sep 20211710,19269.865.35$55,724
Aug 202118,04766.024.22$34,029
Jul 202129,13570.783.98$36,518
Jun 202139,19969.493.38$31,307
May 2021249,95963.483.02$31,577
Apr 2021296,53260.362.76$19,768
Mar 20214910,60761.302.72$31,822
Feb 2021139,36357.805.55$52,697
Jan 2021012,75950.412.81$35,856
Dec 202012,22244.642.68$5,990
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 2020115,83239.982.39$14,350
Jul 2020819,36438.371.83$20,198
Jun 202013410,65834.901.69$22,692
May 20203211,86716.921.81$22,077
Apr 20201511,39114.751.80$20,775
Mar 20201816,86130.341.86$31,844
Feb 2020462,59849.881.98$7,440
Jan 2020743,52457.252.09$11,618
Dec 2019463,09359.012.30$9,842
Nov 2019302,26355.302.75$7,884
Oct 2019824,42753.472.42$15,091
Sep 201913811,50755.052.66$38,174
Aug 201919013,01553.112.30$40,082
Jul 201917912,46956.272.46$40,747
Jun 201917612,25152.782.49$39,809
May 20197512,68958.482.74$39,158
Apr 2019012,46762.632.75$34,293
Mar 2019013,41956.803.06$41,090
Feb 2019012,25850.852.79$34,227
Jan 2019013,25546.033.23$42,790
Dec 2018013,30046.594.19$55,666
Nov 2018113,05652.934.24$55,374
Oct 20183013,74261.443.40$48,540
Sep 201812313,58759.543.11$49,552
Aug 201825814,28859.403.07$59,140
Jul 201823514,52365.142.93$57,888
Jun 201823714,17560.183.08$57,878
May 201823115,07465.382.90$58,829
Apr 201820615,16663.842.90$57,145
Mar 201823416,54361.222.79$60,428
Feb 201817517,88161.782.77$60,272
Jan 20181466,37162.874.01$34,722
Dec 201724915,27757.272.92$58,892
Nov 201729915,39055.423.12$64,562
Oct 201717616,46249.292.98$57,792
Sep 201722916,01947.523.09$60,337
Aug 201714816,93245.373.00$57,585
Jul 20174417,26143.873.09$55,220
Jun 201717116,47642.493.09$58,132
May 201729317,94845.373.26$71,865
Apr 201721410,61747.933.21$44,355
Mar 201711046.772.98$514
Feb 20171191150.452.95$6,036
Jan 20173489,26849.413.42$48,880
Dec 201639121,20148.763.72$97,993
Nov 201628620,93842.492.64$67,520
Oct 201633422,15646.193.09$83,895
Sep 201631022,51241.553.10$82,682
Aug 201637323,65741.442.92$84,638
Jul 201636524,48441.622.92$86,791
Jun 201638024,38845.352.69$82,735
May 201642324,93142.521.99$67,625
Apr 201641924,39436.561.99$63,888
Mar 201644925,51233.011.79$60,590
Feb 201648024,32726.472.06$62,908
Jan 201644126,60127.352.36$74,956
Dec 201536627,17832.362.00$66,238
Nov 201547527,07938.792.17$77,114
Oct 201545829,34343.552.43$91,149
Sep 201539528,83242.992.76$96,512
Aug 201551231,62640.162.87$111,407
Jul 201562134,20548.152.95$130,638
Jun 201559435,94856.152.88$136,986
May 201554431,07155.212.96$121,863
Apr 201522049.822.71$1,096
Mar 201523812,83842.892.93$47,884
Feb 201544929,94644.662.98$109,177
Jan 201560131,43043.433.10$123,554
Dec 201468934,28554.693.59$160,811
Nov 201461133,25770.464.25$184,455
Oct 201474635,59278.303.90$197,255
Sep 201468136,63886.164.05$206,892
Aug 201472136,52489.394.04$211,829
Jul 201463039,44996.564.18$225,714
Jun 201485938,95398.164.74$268,835
May 20141,04041,15494.734.73$293,036
Apr 201496742,57295.944.81$297,508
Mar 20141,11051,90195.895.06$368,891
Feb 20141,11341,90097.406.19$367,851
Jan 20141,14637,80990.404.86$287,377
Dec 201391251,01091.824.35$305,862
Nov 20131,14551,70888.853.74$295,032
Oct 20131,23164,66997.423.78$364,331
Sep 201379983,710104.113.72$394,396
Aug 20136035,976104.253.52$83,914
Jul 20131,23562,457102.523.72$358,811
Jun 201398268,05294.403.93$360,377
May 20131,47189,32894.834.15$510,124
Apr 201394956,01693.964.28$329,062
Mar 201328117,99893.623.91$96,731
Feb 20131,21579,94191.233.42$384,235
Jan 20131,42097,42091.603.42$463,240
Dec 20121,820100,21686.773.42$500,676
Nov 20122,634118,49486.953.62$658,562
Oct 20123,263157,29289.383.40$826,389
Sep 20123,302158,42894.672.92$774,957
Aug 20122,223116,40492.662.91$544,505
Jul 201284627,30985.133.02$154,515

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.

Jun 2023 — as filed, then multipliedworked
Condensate             0 bbl  × $ 68.96 =         $0
Gas                  101 Mcf  × $  2.26 =       $228

────────────────────────────────────────────────────
Month total                                     $228

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/268633 is the state's own key, not one this site invented.