GALVAN STATE

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 269619District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$12.4 M
Sep 2012 – May 2026
Value, last 12 filed months
$89 k
at the published price for each month
Months reported
165
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
CondensateDisposition53,718 bbl$4,770,001
GasProduction2,027,173 Mcf$7,674,311
Total$12,444,312

Every month this lease reported (165)

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

165 months

May 202600106.413.05$0
Apr 2026211,48898.932.87$6,348
Mar 2026381,60489.753.15$8,462
Feb 2026371,43363.503.75$7,724
Jan 2026541,58859.138.00$15,894
Dec 2025401,63656.664.41$9,487
Nov 2025241,56658.593.93$7,555
Oct 2025241,67359.383.30$6,954
Sep 2025231,61562.743.08$6,412
Aug 2025201,67963.933.01$6,340
Jul 2025241,73066.743.32$7,337
Jun 2025191,64966.483.13$6,422
May 2025191,64860.553.23$6,477
Apr 2025431,54362.363.54$8,149
Mar 2025391,59867.704.27$9,461
Feb 2025451,49470.884.34$9,675
Jan 2025601,57674.324.28$11,202
Dec 2024511,68968.993.12$8,790
Nov 2024381,61769.052.20$6,179
Oct 2024301,69971.372.28$6,017
Sep 2024251,55869.612.36$5,424
Aug 2024591,57575.632.06$7,712
Jul 2024981,59779.932.15$11,261
Jun 2024351,57478.082.63$6,879
May 2024271,72278.812.20$5,914
Apr 2024211,68584.451.66$4,569
Mar 2024281,79980.301.55$5,028
Feb 2024241,54676.091.78$4,584
Jan 2024211,75273.023.30$7,311
Dec 2023301,78771.262.61$6,803
Nov 2023281,68577.892.81$6,912
Oct 2023251,81785.443.09$7,746
Sep 2023291,85889.042.74$7,664
Aug 2023241,93080.522.67$7,091
Jul 202381,48174.852.64$4,511
Jun 2023335968.962.26$1,018
May 2023301,88670.622.23$6,319
Apr 2023271,63178.122.24$5,759
Mar 2023311,74472.852.39$6,432
Feb 2023281,61775.112.47$6,090
Jan 2023451,90876.533.39$9,908
Dec 20223070476.415.73$6,326
Nov 2022261,55185.005.65$10,967
Oct 2022361,93787.185.86$14,497
Sep 2022231,82184.888.16$16,818
Aug 2022451,55494.529.13$18,437
Jul 20221011,972101.587.54$25,133
Jun 2022882,059115.097.98$26,553
May 2022301,269109.378.43$13,983
Apr 2022251,528104.226.84$13,053
Mar 2022321,900108.885.08$13,129
Feb 2022181,61491.054.86$9,481
Jan 2022321,88881.844.54$11,186
Dec 2021361,97771.323.90$10,276
Nov 2021311,87677.435.24$12,225
Oct 2021311,99679.795.71$13,878
Sep 2021311,78969.865.35$11,738
Aug 2021281,92166.024.22$9,956
Jul 2021371,79970.783.98$9,783
Jun 2021421,87769.493.38$9,264
May 2021351,87963.483.02$7,892
Apr 2021321,65460.362.76$6,494
Mar 2021372,01861.302.72$7,751
Feb 2021281,60557.805.55$10,523
Jan 2021372,09950.412.81$7,764
Dec 2020301,98744.642.68$6,655
Nov 2020321,86738.772.71$6,294
Oct 2020351,96636.972.48$6,167
Sep 2020331,67737.091.99$4,563
Aug 2020602,04339.982.39$7,272
Jul 2020332,06638.371.83$5,037
Jun 2020372,00834.901.69$4,685
May 2020242,12616.921.81$4,264
Apr 2020332,06814.751.80$4,218
Mar 2020412,15330.341.86$5,240
Feb 2020372,04049.881.98$5,886
Jan 2020412,17557.252.09$6,903
Dec 2019452,28959.012.30$7,930
Nov 2019532,33155.302.75$9,343
Oct 2019452,07653.472.42$7,427
Sep 2019322,20955.052.66$7,632
Aug 2019352,28253.112.30$7,117
Jul 2019362,26156.272.46$7,588
Jun 2019432,13952.782.49$7,598
May 2019442,34658.482.74$9,002
Apr 2019562,17862.632.75$9,498
Mar 2019622,34556.803.06$10,702
Feb 2019542,13950.852.79$8,718
Jan 2019582,35046.033.23$10,256
Dec 2018612,31546.594.19$12,531
Nov 2018482,32252.934.24$12,380
Oct 2018512,38561.443.40$11,238
Sep 2018462,40959.543.11$10,226
Aug 2018622,45459.403.07$11,208
Jul 2018512,53965.142.93$10,766
Jun 2018472,46260.183.08$10,404
May 2018562,62265.382.90$11,267
Apr 2018812,59663.842.90$12,702
Mar 2018602,77061.222.79$11,393
Feb 2018482,53761.782.77$9,983
Jan 2018672,87662.874.01$15,743
Dec 2017612,81557.272.92$11,718
Nov 2017722,77255.423.12$12,634
Oct 2017512,94049.292.98$11,286
Sep 2017512,83247.523.09$11,167
Aug 2017453,06645.373.00$11,253
Jul 2017613,13643.873.09$12,358
Jun 2017503,01842.493.09$11,442
May 2017613,24545.373.26$13,357
Apr 2017593,19947.933.21$13,102
Mar 2017643,41946.772.98$13,194
Feb 2017623,17950.452.95$12,514
Jan 2017723,63349.413.42$15,978
Dec 2016723,60148.763.72$16,917
Nov 2016523,58842.492.64$11,697
Oct 2016483,12546.193.09$11,874
Sep 2016653,53441.553.10$13,658
Aug 2016402,33741.442.92$8,492
Jul 201651,69641.622.92$5,168
Jun 2016262,21145.352.69$7,117
May 20161291,87342.521.99$9,214
Apr 2016741,62636.561.99$5,943
Mar 20161952,96233.011.79$11,751
Feb 2016471,59626.472.06$4,538
Jan 2016362,08527.352.36$5,914
Dec 20151496632.362.00$2,386
Nov 2015743,06538.792.17$9,513
Oct 2015713,40243.552.43$11,347
Sep 20151716942.992.76$1,197
Aug 20151474,78940.162.87$19,660
Jul 20151004,34148.152.95$17,600
Jun 20151056.152.88$56
May 20152153055.212.96$2,726
Apr 2015834,15549.822.71$15,381
Mar 2015793,53742.892.93$13,768
Feb 2015844,03544.662.98$15,760
Jan 20151174,23243.433.10$18,203
Dec 20141806,11154.693.59$31,791
Nov 20142237,88270.464.25$49,226
Oct 2014129578.303.90$1,310
Sep 201424516,54586.164.05$88,041
Aug 201468149,53989.394.04$260,770
Jul 201485151,62796.564.18$297,953
Jun 201492152,50098.164.74$339,092
May 201484735,87394.734.73$249,792
Apr 201493634,19495.944.81$254,243
Mar 201453095.895.06$5,082
Feb 20141,11229,50397.406.19$290,991
Jan 20142,06560,75690.404.86$481,994
Dec 20131,70862,03491.824.35$426,954
Nov 20132,01461,37388.853.74$408,373
Oct 20131,38162,64997.423.78$371,310
Sep 20131,60066,769104.113.72$414,806
Aug 20131,74764,617104.253.52$409,745
Jul 20132,55478,215102.523.72$552,619
Jun 20131,74093,44994.403.93$531,829
May 20132,53296,68594.834.15$641,263
Apr 20131,87984,91393.964.28$540,198
Mar 20133,38091,79493.623.91$675,614
Feb 20132,74790,72091.233.42$560,863
Jan 20133,26499,30391.603.42$638,590
Dec 20123,046118,15786.773.42$668,417
Nov 20124,517121,06586.953.62$831,609
Oct 20125,036147,70489.383.40$952,264
Sep 201227853,66194.672.92$182,923

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            21 bbl  × $ 98.93 =     $2,078
Gas                1,488 Mcf  × $  2.87 =     $4,270

────────────────────────────────────────────────────
Month total                                   $6,348

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/269619 is the state's own key, not one this site invented.