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 270017District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$14.0 M
Nov 2012 – May 2026
Value, last 12 filed months
$327 k
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
CondensateDisposition54,295 bbl$4,335,564
GasProduction2,739,958 Mcf$9,693,143
Total$14,028,708

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 2026767,21998.932.87$28,235
Mar 2026796,61589.753.15$27,924
Feb 2026665,56763.503.75$25,069
Jan 2026795,96959.138.00$52,411
Dec 2025826,77556.664.41$34,547
Nov 2025797,00858.593.93$32,145
Oct 2025726,56359.383.30$25,965
Sep 2025686,28562.743.08$23,605
Aug 2025746,99763.933.01$25,825
Jul 2025546,59766.743.32$25,474
Jun 2025746,80566.483.13$26,210
May 2025698,68460.553.23$32,247
Apr 2025453,31462.363.54$14,548
Mar 2025786,58667.704.27$33,392
Feb 2025826,11770.884.34$32,365
Jan 2025956,85474.324.28$36,386
Dec 2024946,90768.993.12$28,044
Nov 2024796,77069.052.20$20,338
Oct 2024776,89071.372.28$21,214
Sep 2024797,80569.612.36$23,953
Aug 2024859,39375.632.06$25,812
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 2024112,44478.812.20$6,240
Apr 2024315,73084.451.66$12,125
Mar 2024425,98680.301.55$12,622
Feb 2024405,20976.091.78$12,335
Jan 2024425,37573.023.30$20,792
Dec 2023455,96271.262.61$18,772
Nov 2023475,80677.892.81$19,962
Oct 2023425,81585.443.09$21,541
Sep 2023375,53489.042.74$18,430
Aug 2023336,08280.522.67$18,914
Jul 2023326,41574.852.64$19,342
Jun 2023346,21468.962.26$16,379
May 2023406,49870.622.23$17,298
Apr 2023306,15878.122.24$16,124
Mar 2023386,74372.852.39$18,905
Feb 2023445,93575.112.47$17,939
Jan 2023777,23176.533.39$30,389
Dec 2022836,00676.415.73$40,751
Nov 2022584,97785.005.65$33,031
Oct 2022646,64387.185.86$44,532
Sep 2022596,55884.888.16$58,545
Aug 2022627,10694.529.13$70,718
Jul 2022506,367101.587.54$53,099
Jun 2022596,788115.097.98$60,940
May 2022637,120109.378.43$66,934
Apr 2022656,988104.226.84$54,555
Mar 2022817,346108.885.08$46,111
Feb 2022696,64691.054.86$38,574
Jan 2022977,39681.844.54$41,499
Dec 2021817,41271.323.90$34,677
Nov 2021787,40477.435.24$44,813
Oct 2021887,07179.795.71$47,424
Sep 2021806,93669.865.35$42,703
Aug 2021797,66466.024.22$37,562
Jul 2021766,47770.783.98$31,171
Jun 2021897,05969.493.38$30,048
May 20211007,36863.483.02$28,582
Apr 2021997,22760.362.76$25,911
Mar 20211077,69561.302.72$27,466
Feb 2021776,59557.805.55$41,039
Jan 20211087,62550.412.81$26,873
Dec 2020977,55444.642.68$24,541
Nov 2020937,45338.772.71$23,778
Oct 2020947,80536.972.48$22,819
Sep 2020827,59237.091.99$18,157
Aug 2020867,86739.982.39$22,202
Jul 2020858,01838.371.83$17,895
Jun 20201007,84034.901.69$16,742
May 2020718,10616.921.81$15,912
Apr 2020997,65014.751.80$15,264
Mar 20201088,20130.341.86$18,500
Feb 20201078,01749.881.98$21,216
Jan 20201268,14457.252.09$24,273
Dec 20191207,82659.012.30$25,115
Nov 20191228,17155.302.75$29,223
Oct 20191498,38153.472.42$28,237
Sep 2019977,91855.052.66$26,380
Aug 20191078,45053.112.30$25,155
Jul 2019958,69656.272.46$26,738
Jun 20191188,59952.782.49$27,650
May 20191149,05058.482.74$31,467
Apr 20191359,22262.632.75$33,822
Mar 20191599,28956.803.06$37,475
Feb 20191358,66150.852.79$31,048
Jan 20191669,34846.033.23$37,818
Dec 20181849,78946.594.19$49,544
Nov 20181349,49852.934.24$47,338
Oct 20181119,97061.443.40$40,699
Sep 201813010,13359.543.11$39,234
Aug 201814310,23459.403.07$39,877
Jul 201813510,65365.142.93$40,027
Jun 20181279,14160.183.08$35,769
May 201814610,55265.382.90$40,155
Apr 201816110,71663.842.90$41,363
Mar 201819410,55161.222.79$41,281
Feb 201818010,53261.782.77$40,253
Jan 201822414,03262.874.01$70,342
Dec 20171215,59557.272.92$23,276
Nov 201718311,41155.423.12$45,725
Oct 201716912,02749.292.98$44,215
Sep 201715811,76047.523.09$43,815
Aug 201715212,65245.373.00$44,908
Jul 201717912,84243.873.09$47,500
Jun 201713712,89642.493.09$45,635
May 201716213,59145.373.26$51,703
Apr 201718513,71247.933.21$52,905
Mar 201718915,21246.772.98$54,227
Feb 20171459,82550.452.95$36,325
Jan 201721214,62649.413.42$60,478
Dec 201623115,68848.763.72$69,667
Nov 201614212,11742.492.64$38,075
Oct 201619915,35546.193.09$56,643
Sep 201619115,35141.553.10$55,534
Aug 201622115,87541.442.92$55,582
Jul 201621217,22041.622.92$59,181
Jun 201621117,32845.352.69$56,109
May 201624618,71442.521.99$47,720
Apr 201625617,91736.561.99$45,033
Mar 201628918,68633.011.79$43,063
Feb 201633118,75226.472.06$47,459
Jan 201632017,83027.352.36$50,909
Dec 201527518,39932.362.00$45,723
Nov 201535918,41738.792.17$53,841
Oct 201534619,36143.552.43$62,049
Sep 201528820,05542.992.76$67,701
Aug 201530418,15640.162.87$64,362
Jul 201539926,52948.152.95$97,342
Jun 201526615,68956.152.88$60,165
May 201535622,61155.212.96$86,480
Apr 201537722,78849.822.71$80,459
Mar 201542525,17042.892.93$92,095
Feb 201538923,26144.662.98$86,602
Jan 201554927,12043.433.10$107,932
Dec 201458629,28854.693.59$137,232
Nov 201435816,72370.464.25$96,328
Oct 201465528,45178.303.90$162,273
Sep 20141996,65186.164.05$44,052
Aug 201449189.394.04$4,384
Jul 201433219,69096.564.18$114,354
Jun 201478034,68198.164.74$240,845
May 201491940,87794.734.73$280,264
Apr 201499144,27495.944.81$307,996
Mar 20141,30556,61895.895.06$411,442
Feb 201462921,32797.406.19$193,321
Jan 201471815,61090.404.86$140,783
Dec 201369124,19491.824.35$168,800
Nov 20131,37049,50788.853.74$306,796
Oct 20131,58057,94297.423.78$372,907
Sep 20131,64858,254104.113.72$388,147
Aug 20131,77769,198104.253.52$429,010
Jul 20132,17171,687102.523.72$489,085
Jun 20131,80378,79994.403.93$480,152
May 20132,859102,18394.834.15$695,084
Apr 20131,14538,30393.964.28$271,620
Mar 20132,287101,86193.623.91$612,678
Feb 20132,796102,56491.233.42$605,839
Jan 20133,572130,77491.603.42$774,431
Dec 20124,610128,86386.773.42$840,742
Nov 201263476,11086.953.62$331,022

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            76 bbl  × $ 98.93 =     $7,519
Gas                7,219 Mcf  × $  2.87 =    $20,717

────────────────────────────────────────────────────
Month total                                  $28,235

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/270017 is the state's own key, not one this site invented.