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 268841District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$9.0 M
Jun 2012 – May 2026
Value, last 12 filed months
$0
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
CondensateDisposition12,615 bbl$911,543
GasProduction2,430,395 Mcf$8,046,404
Total$8,957,947

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 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 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 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20191113452.782.49$914
May 2019281,24658.482.74$5,052
Apr 2019121,27362.632.75$4,253
Mar 2019201,37356.803.06$5,340
Feb 2019999850.852.79$3,244
Jan 2019111,13246.033.23$4,161
Dec 2018131,15246.594.19$5,427
Nov 2018171,20352.934.24$5,997
Oct 2018161,12561.443.40$4,806
Sep 2018261,02759.543.11$4,740
Aug 2018258859.403.07$1,922
Jul 201801,35765.142.93$3,979
Jun 201821,69260.183.08$5,327
May 201841,05365.382.90$3,316
Apr 2018101,73063.842.90$5,657
Mar 2018142,10661.222.79$6,726
Feb 2018201,92461.782.77$6,558
Jan 2018431,84362.874.01$10,093
Dec 2017153,70857.272.92$11,692
Nov 2017121,98555.423.12$6,855
Oct 2017151,97649.292.98$6,635
Sep 2017111,80147.523.09$6,083
Aug 2017342,18745.373.00$8,113
Jul 20171893,83343.873.09$20,125
Jun 20171814,73942.493.09$22,321
May 20174855545.373.26$3,989
Apr 20170047.933.21$0
Mar 201716046.772.98$748
Feb 20179817,32750.452.95$56,104
Jan 201712024,91549.413.42$91,109
Dec 201613325,33148.763.72$100,788
Nov 20169525,12742.492.64$70,481
Oct 201611026,43646.193.09$86,775
Sep 201610026,07141.553.10$84,992
Aug 201611527,55741.442.92$85,352
Jul 201611328,90541.622.92$89,231
Jun 201612228,15445.352.69$81,150
May 201614129,21942.521.99$64,172
Apr 201614127,93136.561.99$60,767
Mar 201615629,77233.011.79$58,561
Feb 201616328,66126.472.06$63,460
Jan 201615131,34527.352.36$78,241
Dec 201512532,11532.362.00$68,320
Nov 201516531,85738.792.17$75,445
Oct 201515733,78743.552.43$88,824
Sep 201512933,23742.992.76$97,227
Aug 201515335,23740.162.87$107,362
Jul 201516936,82348.152.95$116,584
Jun 201516837,34856.152.88$117,102
May 201518937,12055.212.96$120,141
Apr 201520438,87349.822.71$115,376
Mar 201522142,45642.892.93$134,075
Feb 201517440,63544.662.98$128,708
Jan 201524348,69143.433.10$161,526
Dec 201426452,09054.693.59$201,512
Nov 201425628270.464.25$19,237
Oct 201441357,97078.303.90$258,477
Sep 201441256,94286.164.05$265,853
Aug 201452266,17889.394.04$313,698
Jul 201453677,35096.564.18$375,048
Jun 201489393,77298.164.74$531,844
May 201436839,74494.734.73$222,713
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20135088.853.74$444
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201391102.523.72$926
Jun 20133747,23294.403.93$189,276
May 20134166,72594.834.15$280,735
Apr 20137469,91793.964.28$306,379
Mar 20137779,17293.623.91$316,998
Feb 20136776,36391.233.42$267,267
Jan 20134980,37791.603.42$279,371
Dec 2012291100,94986.773.42$370,512
Nov 20121,161106,34186.953.62$486,431
Oct 201292453,65789.383.40$265,004
Sep 2012541135,71194.672.92$447,275
Aug 2012606171,31892.662.91$554,372
Jul 2012435129,63485.133.02$428,630
Jun 20120079.822.52$0

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 2019 — as filed, then multipliedworked
Condensate            11 bbl  × $ 52.78 =       $581
Gas                  134 Mcf  × $  2.49 =       $334

────────────────────────────────────────────────────
Month total                                     $914

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/268841 is the state's own key, not one this site invented.