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 270186District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$24.8 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
CondensateDisposition120,139 bbl$9,148,902
GasProduction4,501,221 Mcf$15,627,652
Total$24,776,554

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 20240078.082.63$0
May 20241636278.812.20$2,057
Apr 2024513,56284.451.66$10,217
Mar 202413380.301.55$131
Feb 20240076.091.78$0
Jan 202402273.023.30$73
Dec 202307471.262.61$193
Nov 20232077.892.81$156
Oct 2023151,31485.443.09$5,338
Sep 2023846689.042.74$1,987
Aug 20231312,24180.522.67$16,538
Jul 20231074.852.64$75
Jun 20231196168.962.26$2,929
May 2023211,50470.622.23$4,833
Apr 2023251,59878.122.24$5,529
Mar 2023122,54072.852.39$6,953
Feb 20230075.112.47$0
Jan 20231076.533.39$77
Dec 202271376.415.73$609
Nov 20220085.005.65$0
Oct 2022369787.185.86$4,349
Sep 2022532,01084.888.16$20,908
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202210115.097.98$115
May 2022161,643109.378.43$15,605
Apr 2022611,401104.226.84$15,937
Mar 2022652,221108.885.08$18,352
Feb 2022532,80791.054.86$18,464
Jan 20220081.844.54$0
Dec 2021433371.323.90$1,584
Nov 20212694377.435.24$6,952
Oct 2021762,75079.795.71$21,777
Sep 2021792,78169.865.35$20,400
Aug 2021732,42466.024.22$15,050
Jul 2021692,39870.783.98$14,433
Jun 20211022,35569.493.38$15,049
May 2021782,39063.483.02$12,164
Apr 2021822,33960.362.76$11,401
Mar 2021902,69361.302.72$12,834
Feb 2021602,06757.805.55$14,936
Jan 2021912,80850.412.81$12,479
Dec 2020852,82044.642.68$11,339
Nov 2020782,49738.772.71$9,782
Oct 2020782,39736.972.48$8,824
Sep 2020762,62337.091.99$8,041
Aug 2020932,82339.982.39$10,451
Jul 2020922,79738.371.83$8,635
Jun 2020941,56434.901.69$5,924
May 2020661,23116.921.81$3,351
Apr 2020901,39414.751.80$3,843
Mar 2020902,04330.341.86$6,523
Feb 2020809,44649.881.98$22,700
Jan 202038,38357.252.09$17,732
Dec 20193810,00259.012.30$25,291
Nov 201914010,27655.302.75$36,008
Oct 2019262853.472.42$1,626
Sep 2019673055.052.66$2,270
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20198052.782.49$422
May 20192263758.482.74$3,032
Apr 20191819662.632.75$1,666
Mar 20190056.803.06$0
Feb 201958050.852.79$2,949
Jan 201929619,64346.033.23$77,036
Dec 201830418,99046.594.19$93,645
Nov 201829615,63552.934.24$81,917
Oct 201834218,46061.443.40$83,741
Sep 201823417,18659.543.11$67,346
Aug 2018797,06559.403.07$26,358
Jul 20180065.142.93$0
Jun 2018672660.183.08$4,112
May 201833526,85065.382.90$99,789
Apr 201838728,10263.842.90$106,224
Mar 201846429,68561.222.79$111,133
Feb 201840826,75761.782.77$99,219
Jan 201852829,77062.874.01$152,553
Dec 201749130,37657.272.92$116,864
Nov 201747730,20255.423.12$120,616
Oct 201744831,58849.292.98$116,330
Sep 201745131,04347.523.09$117,270
Aug 201744233,07045.373.00$119,409
Jul 201755133,66643.873.09$128,109
Jun 201739433,28742.493.09$119,507
May 201740331,10545.373.26$119,792
Apr 201748028,72447.933.21$115,256
Mar 201755929,83746.772.98$115,168
Feb 201754828,13650.452.95$110,721
Jan 201754635,57949.413.42$148,615
Dec 201658136,30248.763.72$163,476
Nov 201648837,00842.492.64$118,597
Oct 201656341,95846.193.09$155,666
Sep 201624211,08641.553.10$44,429
Aug 2016118041.442.92$4,890
Jul 201665237,58941.622.92$137,059
Jun 20161,02860,95345.352.69$210,329
May 20161,07064,20742.521.99$173,335
Apr 20161,11462,23936.561.99$164,648
Mar 20161,27561,14533.011.79$151,782
Feb 20161,33655,78526.472.06$150,484
Jan 20161,30056,85027.352.36$169,969
Dec 20151,07861,26832.362.00$157,506
Nov 20151,33860,69038.792.17$183,436
Oct 20151,20564,09643.552.43$208,012
Sep 20151,04063,48742.992.76$219,833
Aug 20151,28267,57440.162.87$245,591
Jul 20151,46468,65548.152.95$272,686
Jun 20151,53165,93956.152.88$276,059
May 20152,07970,05455.212.96$321,823
Apr 20151,31246,21349.822.71$190,443
Mar 20151,98471,41342.892.93$294,670
Feb 20151,72367,16044.662.98$276,830
Jan 20152,29975,55443.433.10$334,111
Dec 20142,59079,03854.693.59$425,501
Nov 20142,30281,99570.464.25$510,829
Oct 20142,75282,87178.303.90$538,758
Sep 20141,45147,58786.164.05$317,529
Aug 20142,32287,35689.394.04$560,056
Jul 20142,23291,49396.564.18$597,926
Jun 20142,26992,42998.164.74$660,550
May 20142,948101,05594.734.73$756,907
Apr 20143,035103,97095.944.81$791,182
Mar 20142,03456,91195.895.06$482,828
Feb 20141,24921,20497.406.19$252,948
Jan 20142,533103,32490.404.86$731,212
Dec 20132,499109,53591.824.35$706,426
Nov 20132,931107,50188.853.74$662,288
Oct 20131,98289,84997.423.78$532,658
Sep 20132,37599,050104.113.72$615,503
Aug 20132,97685,574104.253.52$611,692
Jul 20133,56390,545102.523.72$701,902
Jun 20131,45787,20194.403.93$480,538
May 201384920,08294.834.15$163,832
Apr 20134,270139,37493.964.28$998,091
Mar 20138,204153,62093.623.91$1,369,154
Feb 20135,465135,30291.233.42$961,293
Jan 20139,420194,11091.603.42$1,526,711
Dec 20126,198167,68686.773.42$1,111,313
Nov 2012036,31586.953.62$131,640

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.

May 2024 — as filed, then multipliedworked
Condensate            16 bbl  × $ 78.81 =     $1,261
Gas                  362 Mcf  × $  2.20 =       $796

────────────────────────────────────────────────────
Month total                                   $2,057

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/270186 is the state's own key, not one this site invented.