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 270012District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$17.5 M
Oct 2012 – May 2026
Value, last 12 filed months
$151 k
at the published price for each month
Months reported
164
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
CondensateDisposition9,851 bbl$805,069
GasProduction4,560,658 Mcf$16,735,353
Total$17,540,423

Every month this lease reported (164)

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

164 months

May 202600106.413.05$0
Apr 202633,03898.932.87$9,015
Mar 202633,49189.753.15$11,264
Feb 202623,08863.503.75$11,708
Jan 202643,50559.138.00$28,269
Dec 202513,49556.664.41$15,481
Nov 202523,47858.593.93$13,773
Oct 202533,88759.383.30$13,024
Sep 202533,79962.743.08$11,877
Aug 202523,89363.933.01$11,864
Jul 202523,91566.743.32$13,112
Jun 202523,78366.483.13$11,969
May 202543,82660.553.23$12,609
Apr 202593,13462.363.54$11,665
Mar 202523,19467.704.27$13,768
Feb 202543,03970.884.34$13,475
Jan 202503,31774.324.28$14,192
Dec 202412,99468.993.12$9,414
Nov 202413,20769.052.20$7,119
Oct 202413,63771.372.28$8,369
Sep 202432,94569.612.36$7,172
Aug 202463,46175.632.06$7,596
Jul 202423,55679.932.15$7,793
Jun 202423,55278.082.63$9,512
May 202423,84378.812.20$8,606
Apr 202423,70784.451.66$6,320
Mar 202433,93280.301.55$6,316
Feb 202433,77276.091.78$6,956
Jan 202444,45673.023.30$14,986
Dec 202344,46671.262.61$11,945
Nov 202334,21277.892.81$12,059
Oct 202324,42585.443.09$13,832
Sep 202314,28789.042.74$11,814
Aug 202324,51080.522.67$12,216
Jul 202324,49174.852.64$12,014
Jun 202314,36768.962.26$9,932
May 202324,59070.622.23$10,365
Apr 202334,63778.122.24$10,611
Mar 202344,89072.852.39$11,994
Feb 202344,25075.112.47$10,780
Jan 202354,96776.533.39$17,209
Dec 202244,67876.415.73$27,106
Nov 202244,43985.005.65$25,403
Oct 202225,12087.185.86$30,197
Sep 202224,82084.888.16$39,519
Aug 202215,27194.529.13$48,204
Jul 202225,292101.587.54$40,116
Jun 202225,080115.097.98$40,754
May 202235,288109.378.43$44,922
Apr 202225,186104.226.84$35,668
Mar 202235,599108.885.08$28,749
Feb 202224,80791.054.86$23,539
Jan 202245,63281.844.54$25,884
Dec 202135,65771.323.90$22,271
Nov 202125,64177.435.24$29,696
Oct 202116,71979.795.71$38,471
Sep 202126,75769.865.35$36,296
Aug 202126,71866.024.22$28,486
Jul 202116,17270.783.98$24,648
Jun 202135,69169.493.38$19,448
May 202125,91863.483.02$17,986
Apr 202155,79160.362.76$16,276
Mar 202166,36061.302.72$17,648
Feb 202145,42057.805.55$30,301
Jan 202146,35250.412.81$18,052
Dec 202026,07044.642.68$16,329
Nov 202046,36238.772.71$17,374
Oct 202046,56336.972.48$16,414
Sep 202036,33437.091.99$12,723
Aug 202036,53639.982.39$15,709
Jul 202026,66238.371.83$12,236
Jun 202066,62334.901.69$11,404
May 202076,61816.921.81$12,128
Apr 2020126,13414.751.80$11,245
Mar 2020156,29230.341.86$12,135
Feb 2020125,98549.881.98$12,453
Jan 2020126,55557.252.09$14,418
Dec 2019135,61459.012.30$13,704
Nov 2019115,88555.302.75$16,796
Oct 2019106,84153.472.42$17,080
Sep 201996,44255.052.66$17,614
Aug 2019116,88653.112.30$16,452
Jul 201966,94156.272.46$17,413
Jun 201996,91752.782.49$17,707
May 201997,06258.482.74$19,878
Apr 2019107,03062.632.75$19,964
Mar 2019157,44056.803.06$23,634
Feb 2019146,44050.852.79$18,694
Jan 2019177,60546.033.23$25,333
Dec 2018177,82146.594.19$33,526
Nov 2018137,92452.934.24$34,264
Oct 201898,10961.443.40$28,108
Sep 2018137,98059.543.11$25,576
Aug 2018318,38959.403.07$27,567
Jul 2018108,43365.142.93$25,376
Jun 2018108,29560.183.08$26,125
May 2018258,68065.382.90$26,813
Apr 2018588,41563.842.90$28,113
Mar 2018238,64261.222.79$25,492
Feb 2018208,04361.782.77$23,484
Jan 2018269,12562.874.01$38,220
Dec 2017239,31957.272.92$28,543
Nov 2017209,34755.423.12$30,256
Oct 2017179,81849.292.98$30,132
Sep 2017159,54047.523.09$30,165
Aug 20171410,47245.373.00$32,097
Jul 20171610,33443.873.09$32,606
Jun 20171310,62842.493.09$33,364
May 20171610,37345.373.26$34,577
Apr 20171710,99147.933.21$36,114
Mar 2017149,90846.772.98$30,217
Feb 20171312,21150.452.95$36,710
Jan 20171812,39049.413.42$43,248
Dec 20162213,20448.763.72$50,229
Nov 20162412,85042.492.64$35,000
Oct 20166014,71646.193.09$48,248
Sep 20161415,84741.553.10$49,717
Aug 20161518,88341.442.92$55,842
Jul 20161224,38541.622.92$71,809
Jun 2016410,45145.352.69$28,251
May 2016106,67642.521.99$13,717
Apr 2016431336.561.99$769
Mar 20160033.011.79$0
Feb 201615026.472.06$397
Jan 20166521,67527.352.36$53,025
Dec 20158947,88332.362.00$98,714
Nov 201511648,28538.792.17$109,149
Oct 201511051,50043.552.43$129,759
Sep 20159150,05742.992.76$141,990
Aug 20159654,30440.162.87$159,843
Jul 201510457,14548.152.95$173,304
Jun 20159752,48756.152.88$156,759
May 201511051,85155.212.96$159,316
Apr 201511255,16149.822.71$154,877
Mar 201512360,50742.892.93$182,846
Feb 201510456,45144.662.98$172,654
Jan 201514864,40443.433.10$206,121
Dec 201415867,16354.693.59$249,848
Nov 201413967,70770.464.25$297,673
Oct 201420069,55078.303.90$286,972
Sep 201417575,71886.164.05$321,391
Aug 201413053,98289.394.04$229,445
Jul 201414771,39796.564.18$312,605
Jun 201418471,60498.164.74$357,241
May 201424476,60794.734.73$385,202
Apr 201424177,11295.944.81$393,962
Mar 201423883,81595.895.06$446,658
Feb 201421577,36897.406.19$500,004
Jan 201428984,99590.404.86$439,263
Dec 201331096,15191.824.35$447,152
Nov 201333097,66988.853.74$394,435
Oct 2013373108,40697.423.78$446,043
Sep 2013351104,584104.113.72$425,359
Aug 2013361122,179104.253.52$468,023
Jul 2013374113,809102.523.72$461,455
Jun 2013283127,35294.403.93$527,643
May 2013182149,24194.834.15$636,472
Apr 2013177163,32393.964.28$716,076
Mar 2013325177,72893.623.91$725,853
Feb 2013441170,10991.233.42$621,990
Jan 2013492194,99791.603.42$711,939
Dec 2012336172,88186.773.42$620,435
Nov 2012499217,46486.953.62$831,686
Oct 2012270208,24489.383.40$732,096

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             3 bbl  × $ 98.93 =       $297
Gas                3,038 Mcf  × $  2.87 =     $8,718

────────────────────────────────────────────────────
Month total                                   $9,015

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/270012 is the state's own key, not one this site invented.