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 270015District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$12.5 M
Nov 2012 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
163
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
CondensateDisposition56,006 bbl$4,467,924
GasProduction2,298,881 Mcf$8,035,623
Total$12,503,547

Every month this lease reported (163)

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

163 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 20241078.082.63$78
May 2024282,08378.812.20$6,786
Apr 2024654,83684.451.66$13,513
Mar 2024754,88580.301.55$13,570
Feb 2024624,23676.091.78$12,273
Jan 2024774,90173.023.30$21,784
Dec 2023794,99671.262.61$18,673
Nov 2023744,89677.892.81$19,510
Oct 2023695,13585.443.09$21,749
Sep 2023645,00789.042.74$19,393
Aug 2023665,36680.522.67$19,657
Jul 2023735,80874.852.64$20,808
Jun 2023675,95868.962.26$18,076
May 2023775,79270.622.23$18,339
Apr 2023654,90878.122.24$16,061
Mar 2023836,20572.852.39$20,896
Feb 2023795,63675.112.47$19,830
Jan 20231056,48476.533.39$30,002
Dec 2022895,51076.415.73$38,368
Nov 2022865,55885.005.65$38,692
Oct 20222046,30787.185.86$54,767
Sep 2022666,10384.888.16$55,425
Aug 2022796,42794.529.13$66,127
Jul 2022766,452101.587.54$56,382
Jun 2022766,300115.097.98$59,003
May 2022816,560109.378.43$64,180
Apr 2022816,432104.226.84$52,421
Mar 2022986,889108.885.08$45,642
Feb 2022836,27091.054.86$38,022
Jan 20221046,84881.844.54$39,585
Dec 2021917,10571.323.90$34,193
Nov 2021866,90177.435.24$42,798
Oct 2021857,10379.795.71$47,368
Sep 2021817,01069.865.35$43,169
Aug 2021867,50666.024.22$37,357
Jul 2021836,64770.783.98$32,344
Jun 2021997,09569.493.38$30,865
May 20211067,42663.483.02$29,138
Apr 20211077,35060.362.76$26,733
Mar 20211177,57361.302.72$27,747
Feb 2021856,55457.805.55$41,274
Jan 20211247,71450.412.81$27,929
Dec 20201107,72144.642.68$25,568
Nov 20201047,41338.772.71$24,096
Oct 20201047,58936.972.48$22,654
Sep 2020857,02637.091.99$17,142
Aug 2020847,35339.982.39$20,896
Jul 2020817,31138.371.83$16,451
Jun 2020967,21534.901.69$15,546
May 2020697,55616.921.81$14,880
Apr 20201127,57814.751.80$15,326
Mar 20201438,06230.341.86$19,304
Feb 20201247,85749.881.98$21,747
Jan 20201487,75757.252.09$24,722
Dec 20191467,60859.012.30$26,147
Nov 20191367,42755.302.75$27,950
Oct 20191327,69453.472.42$25,666
Sep 2019897,29855.052.66$24,292
Aug 2019687,42953.112.30$20,731
Jul 2019817,57356.272.46$23,188
Jun 20191227,65052.782.49$25,497
May 20191258,15558.482.74$29,657
Apr 20191578,38962.632.75$32,909
Mar 20191746,87456.803.06$30,932
Feb 20191547,51150.852.79$28,803
Jan 20191928,43646.033.23$36,071
Dec 20181928,54746.594.19$44,718
Nov 20181548,56552.934.24$44,443
Oct 20181508,49861.443.40$38,093
Sep 20181438,83259.543.11$35,964
Aug 20181789,38159.403.07$39,341
Jul 20181669,41565.142.93$38,417
Jun 20181689,13460.183.08$38,215
May 20181839,51465.382.90$39,563
Apr 20182049,51163.842.90$40,613
Mar 201828610,28661.222.79$46,174
Feb 20181949,87361.782.77$39,295
Jan 201824013,37062.874.01$68,693
Dec 20171235,29657.272.92$22,517
Nov 201718910,66355.423.12$43,725
Oct 201717411,08249.292.98$41,642
Sep 201716310,77147.523.09$40,999
Aug 201716011,55745.373.00$41,981
Jul 201718911,80443.873.09$44,734
Jun 201714011,96442.493.09$42,885
May 201716512,57045.373.26$48,507
Apr 201719312,62047.933.21$49,781
Mar 201720113,85746.772.98$50,746
Feb 20171299,62950.452.95$34,939
Jan 201722113,68649.413.42$57,709
Dec 201624713,63448.763.72$62,801
Nov 201617513,05242.492.64$41,950
Oct 201621314,24946.193.09$53,872
Sep 201622014,20941.553.10$53,198
Aug 201624214,70941.442.92$53,043
Jul 201623515,58941.622.92$55,368
Jun 201623715,68945.352.69$52,886
May 201626817,01242.521.99$45,267
Apr 201627816,09836.561.99$42,215
Mar 201631617,25033.011.79$41,378
Feb 201634515,94126.472.06$42,028
Jan 201632017,36027.352.36$49,797
Dec 201525918,13632.362.00$44,679
Nov 201533418,12238.792.17$52,232
Oct 201532419,20743.552.43$60,718
Sep 201526919,06842.992.76$64,162
Aug 201534321,00040.162.87$74,097
Jul 201542623,91948.152.95$90,955
Jun 201525114,52056.152.88$55,953
May 201536621,56855.212.96$83,950
Apr 201541121,93749.822.71$79,850
Mar 201545624,45642.892.93$91,329
Feb 201542523,21844.662.98$88,082
Jan 201558727,04843.433.10$109,359
Dec 201465228,41554.693.59$137,706
Nov 201456229,78470.464.25$166,235
Oct 201472535,27078.303.90$194,354
Sep 201443316,59486.164.05$104,437
Aug 201447089.394.04$4,201
Jul 201432815,20996.564.18$95,239
Jun 201475027,09198.164.74$201,947
May 201481432,59394.734.73$231,163
Apr 201477632,68395.944.81$231,626
Mar 201480033,88595.895.06$248,062
Feb 20141624,57397.406.19$44,095
Jan 20149712490.404.86$9,372
Dec 201373421,98591.824.35$163,129
Nov 20131,47341,40788.853.74$285,667
Oct 20131,67547,42097.423.78$342,396
Sep 20131,77546,398104.113.72$357,291
Aug 20131,92256,507104.253.52$399,421
Jul 20132,21857,176102.523.72$439,955
Jun 20131,83963,22994.403.93$422,307
May 20132,96384,44194.834.15$631,334
Apr 20131,33033,26893.964.28$267,440
Mar 20132,76287,68693.623.91$601,682
Feb 20133,29791,00691.233.42$612,018
Jan 20134,051109,13191.603.42$744,290
Dec 20124,996117,42286.773.42$835,105
Nov 201265566,91486.953.62$299,513

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 2024 — as filed, then multipliedworked
Condensate             1 bbl  × $ 78.08 =        $78
Gas                    0 Mcf  × $  2.63 =         $0

────────────────────────────────────────────────────
Month total                                      $78

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/270015 is the state's own key, not one this site invented.