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 269251District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$7.7 M
May 2012 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
169
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
CondensateDisposition20,014 bbl$1,569,588
GasProduction1,847,370 Mcf$6,126,351
Total$7,695,939

Every month this lease reported (169)

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

169 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 2020248638.772.71$1,393
Oct 2020521,34036.972.48$5,244
Sep 20202494,07037.091.99$17,339
Aug 2020365,00139.982.39$13,367
Jul 2020345,10238.371.83$10,616
Jun 2020274,20634.901.69$8,052
May 2020183,78816.921.81$7,179
Apr 2020424,39114.751.80$8,543
Mar 2020365,23330.341.86$10,806
Feb 202005,02849.881.98$9,959
Jan 202005,17857.252.09$10,847
Dec 201904,53659.012.30$10,453
Nov 20190055.302.75$0
Oct 2019061153.472.42$1,478
Sep 201905,39655.052.66$14,339
Aug 201905,54853.112.30$12,785
Jul 201995,73056.272.46$14,603
Jun 2019515,63752.782.49$16,735
May 2019585,62658.482.74$18,809
Apr 2019735,46262.632.75$19,596
Mar 20191325,86956.803.06$25,469
Feb 20191415,48850.852.79$22,494
Jan 2019275,78546.033.23$19,918
Dec 2018355,95446.594.19$26,551
Nov 2018706,10052.934.24$29,552
Oct 2018716,36361.443.40$25,984
Sep 2018716,15859.543.11$23,366
Aug 2018736,40859.403.07$23,987
Jul 2018686,50865.142.93$23,510
Jun 2018686,43060.183.08$23,877
May 2018696,52465.382.90$23,436
Apr 2018786,69863.842.90$24,409
Mar 2018886,94261.222.79$24,734
Feb 2018896,19461.782.77$22,632
Jan 2018935,67562.874.01$28,600
Dec 2017486,20857.272.92$20,886
Nov 2017557,03955.423.12$24,998
Oct 2017526,76449.292.98$22,745
Sep 2017657,15847.523.09$25,188
Aug 2017497,92845.373.00$26,042
Jul 2017468,06843.873.09$26,926
Jun 2017707,08242.493.09$24,838
May 2017967,72045.373.26$29,549
Apr 2017967,79047.933.21$29,620
Mar 2017907,87046.772.98$27,691
Feb 2017777,58250.452.95$26,271
Jan 2017797,87149.413.42$30,813
Dec 2016939,48548.763.72$39,846
Nov 2016668,86042.492.64$26,233
Oct 20167210,05746.193.09$34,404
Sep 2016569,91541.553.10$33,070
Aug 20165710,09541.442.92$31,883
Jul 20167611,19241.622.92$35,892
Jun 20167611,53145.352.69$34,417
May 20169512,84642.521.99$29,616
Apr 201610813,43936.561.99$30,706
Mar 201613313,14433.011.79$27,971
Feb 20161367,41926.472.06$18,910
Jan 201621214,61027.352.36$40,342
Dec 201514115,15332.362.00$34,890
Nov 201519415,96838.792.17$42,133
Oct 201516714,27043.552.43$41,900
Sep 2015251,65442.992.76$5,637
Aug 201511312,49440.162.87$40,427
Jul 201511811,93948.152.95$40,843
Jun 201511811,34956.152.88$39,343
May 201514511,08755.212.96$40,773
Apr 201515712,23549.822.71$40,937
Mar 201515613,24142.892.93$45,549
Feb 201516012,74744.662.98$45,083
Jan 201523615,19543.433.10$57,364
Dec 201422715,97554.693.59$69,787
Nov 201417815,90870.464.25$80,180
Oct 201422619,34078.303.90$93,140
Sep 2014836,78186.164.05$34,583
Aug 201420089.394.04$1,788
Jul 201413612,17696.564.18$64,023
Jun 201435021,81998.164.74$137,710
May 201435119,08794.734.73$123,466
Apr 201438922,99495.944.81$147,902
Mar 201434924,97895.895.06$159,774
Feb 201435222,90897.406.19$176,131
Jan 201430025,15990.404.86$149,411
Dec 201323228,33391.824.35$144,678
Nov 201323926,64888.853.74$120,853
Oct 201332732,64797.423.78$155,241
Sep 201325630,357104.113.72$139,512
Aug 201339432,785104.253.52$156,563
Jul 201345637,173102.523.72$184,949
Jun 201395043,67094.403.93$261,452
May 201351254,96294.834.15$276,595
Apr 201314452,77893.964.28$239,557
Mar 20138469,45393.623.91$279,625
Feb 20132134,97991.233.42$121,541
Jan 201353934,31691.603.42$166,730
Dec 201280248,43686.773.42$235,248
Nov 201294147,55686.953.62$254,209
Oct 20121,19460,86489.383.40$313,638
Sep 20121,05262,53994.672.92$282,107
Aug 20121,16181,39092.662.91$344,273
Jul 201286998,27885.133.02$370,856
Jun 2012803117,74479.822.52$360,697
May 2012484100,86791.612.49$295,329

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 2020 — as filed, then multipliedworked
Condensate             2 bbl  × $ 38.77 =        $78
Gas                  486 Mcf  × $  2.71 =     $1,315

────────────────────────────────────────────────────
Month total                                   $1,393

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/269251 is the state's own key, not one this site invented.