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 271297District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$20.3 M
Feb 2013 – May 2026
Value, last 12 filed months
$453 k
at the published price for each month
Months reported
160
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
CondensateDisposition44,724 bbl$3,619,151
GasProduction4,733,799 Mcf$16,693,185
Total$20,312,336

Every month this lease reported (160)

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

160 months

May 202600106.413.05$0
Apr 20263310,02798.932.87$32,039
Mar 20263610,54289.753.15$36,432
Feb 2026319,18763.503.75$36,423
Jan 2026409,98259.138.00$82,200
Dec 20253410,38056.664.41$47,737
Nov 2025269,68158.593.93$39,535
Oct 20252810,48859.383.30$36,324
Sep 2025219,88262.743.08$31,724
Aug 2025511,03263.933.01$33,578
Jul 20253011,57066.743.32$40,359
Jun 20252911,10366.483.13$36,666
May 20252610,76060.553.23$36,354
Apr 20253010,30462.363.54$38,379
Mar 20252910,94867.704.27$48,693
Feb 20253210,08470.884.34$46,041
Jan 20254613,22774.324.28$60,013
Dec 2024238,62568.993.12$28,509
Nov 2024208,87069.052.20$20,881
Oct 20242310,65671.372.28$25,952
Sep 20242410,65669.612.36$26,865
Aug 20242411,43475.632.06$25,411
Jul 20242612,03779.932.15$27,917
Jun 20243112,22278.082.63$34,613
May 20243212,72878.812.20$30,504
Apr 20243512,41084.451.66$23,546
Mar 20244112,71580.301.55$22,939
Feb 20244111,85676.091.78$24,267
Jan 20244512,73073.023.30$45,265
Dec 20234412,81571.262.61$36,592
Nov 20233912,71977.892.81$38,747
Oct 20233613,50485.443.09$44,766
Sep 2023188,81589.042.74$25,712
Aug 20232712,57880.522.67$35,794
Jul 20233112,71074.852.64$35,898
Jun 20232812,12768.962.26$29,319
May 20233813,10270.622.23$31,867
Apr 20234013,14078.122.24$32,529
Mar 20234113,40572.852.39$35,067
Feb 20234613,26375.112.47$36,157
Jan 20234512,25576.533.39$44,960
Dec 20226214,13476.415.73$85,712
Nov 2022155,27785.005.65$31,070
Oct 20223913,74687.185.86$84,003
Sep 20223412,66684.888.16$106,287
Aug 20223413,47494.529.13$126,193
Jul 20223213,712101.587.54$106,668
Jun 20223413,355115.097.98$110,449
May 20223913,885109.378.43$121,358
Apr 20223813,250104.226.84$94,559
Mar 20224413,861108.885.08$75,155
Feb 20223712,73291.054.86$65,232
Jan 20225013,95081.844.54$67,393
Dec 20214314,56871.323.90$59,869
Nov 20213813,95977.435.24$76,044
Oct 20213914,51579.795.71$86,049
Sep 20214114,15169.865.35$78,585
Aug 20214314,73666.024.22$65,033
Jul 20214514,90470.783.98$62,534
Jun 20214714,64369.493.38$52,768
May 20215515,43563.483.02$50,069
Apr 20215715,11260.362.76$45,126
Mar 20216516,56461.302.72$48,988
Feb 20214212,30057.805.55$70,667
Jan 20216815,97950.412.81$48,333
Dec 20206116,21744.642.68$46,111
Nov 20205715,90438.772.71$45,255
Oct 20205716,63936.972.48$43,346
Sep 20205016,08337.091.99$33,876
Aug 20205517,06939.982.39$42,910
Jul 20206517,84438.371.83$35,061
Jun 20208416,81334.901.69$31,351
May 20206817,12516.921.81$32,228
Apr 202010117,18714.751.80$32,502
Mar 202010818,91430.341.86$38,385
Feb 20203815,45449.881.98$32,505
Jan 20201615,90557.252.09$34,233
Dec 20191019,25559.012.30$44,961
Nov 2019023,68655.302.75$65,153
Oct 2019011,65553.472.42$28,188
Sep 2019019,31955.052.66$51,336
Aug 201979,16953.112.30$21,500
Jul 20193218,23956.272.46$46,670
Jun 20194718,16252.782.49$47,726
May 2019018,55158.482.74$50,836
Apr 2019218,54762.632.75$51,142
Mar 2019319,49256.803.06$59,857
Feb 20191317,98950.852.79$50,890
Jan 20195520,43746.033.23$68,506
Dec 201814221,06946.594.19$94,799
Nov 201811720,90152.934.24$94,755
Oct 20187021,44661.443.40$77,176
Sep 20184120,70559.543.11$66,792
Aug 20187322,59259.403.07$73,616
Jul 20185421,85765.142.93$67,600
Jun 20182021,85060.183.08$68,434
May 20184322,72565.382.90$68,732
Apr 20189822,74163.842.90$72,223
Mar 201814123,95361.222.79$75,385
Feb 201810122,00061.782.77$67,094
Jan 20184725,10862.874.01$103,621
Dec 20177426,05557.272.92$80,358
Nov 201714725,52755.423.12$87,749
Oct 201714525,78449.292.98$84,078
Sep 20179325,26147.523.09$82,407
Aug 201711427,41845.373.00$87,547
Jul 201719226,51843.873.09$90,292
Jun 201714826,53042.493.09$88,194
May 201717427,71045.373.26$98,323
Apr 201719227,37047.933.21$97,104
Mar 201721129,18446.772.98$96,944
Feb 201720027,14150.452.95$90,227
Jan 201722330,68049.413.42$115,907
Dec 201624931,36648.763.72$128,912
Nov 201618031,73242.492.64$91,559
Oct 201621132,74546.193.09$110,937
Sep 201619432,66241.553.10$109,333
Aug 201623634,25841.442.92$109,962
Jul 201622735,67241.622.92$113,765
Jun 201622635,31945.352.69$105,110
May 201626137,47142.521.99$85,704
Apr 201625136,56236.561.99$81,973
Mar 201628939,02833.011.79$79,557
Feb 201636237,85226.472.06$87,695
Jan 201631041,48727.352.36$106,569
Dec 201522842,67532.362.00$92,788
Nov 201534642,84738.792.17$106,285
Oct 201537146,37343.552.43$128,685
Sep 201534147,14942.992.76$144,716
Aug 201541850,98340.162.87$163,235
Jul 201547454,60248.152.95$183,630
Jun 201524641,65356.152.88$133,893
May 201514946,84855.212.96$146,683
Apr 201531954,74549.822.71$164,064
Mar 201543561,07842.892.93$197,903
Feb 201550858,28444.662.98$196,152
Jan 201564164,87343.433.10$228,986
Dec 201432718,60154.693.59$84,687
Nov 201457558,30570.464.25$288,418
Oct 201475064,00078.303.90$308,386
Sep 201478561,33886.164.05$315,775
Aug 201485764,16789.394.04$335,529
Jul 201483866,51596.564.18$358,923
Jun 20141,08667,83398.164.74$427,919
May 20141,38675,24194.734.73$486,927
Apr 201491947,12495.944.81$314,794
Mar 201467746,11995.895.06$298,132
Feb 201495469,42897.406.19$522,818
Jan 20141,29585,54790.404.86$532,888
Dec 20131,28888,30791.824.35$502,795
Nov 201384793,61788.853.74$425,223
Oct 2013891105,45397.423.78$485,346
Sep 20131,867103,914104.113.72$580,699
Aug 20132,205113,034104.253.52$628,046
Jul 20132,579112,953102.523.72$684,329
Jun 20131,748108,00994.403.93$589,855
May 20132,927123,16994.834.15$788,605
Apr 20132,714140,48293.964.28$856,634
Mar 20133,633180,23493.623.91$1,045,354
Feb 201306,88891.233.42$23,556

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            33 bbl  × $ 98.93 =     $3,265
Gas               10,027 Mcf  × $  2.87 =    $28,775

────────────────────────────────────────────────────
Month total                                  $32,039

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/271297 is the state's own key, not one this site invented.