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 271524District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$17.9 M
Mar 2013 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
159
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
CondensateDisposition32,269 bbl$2,644,573
GasProduction4,252,086 Mcf$15,276,542
Total$17,921,115

Every month this lease reported (159)

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

159 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 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200938.371.83$16
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 202020030.341.86$607
Feb 202011951149.881.98$6,948
Jan 2020472,94557.252.09$8,860
Dec 201911,98459.012.30$4,631
Nov 201918855.302.75$297
Oct 2019753653.472.42$1,671
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 201902856.272.46$69
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20191056.803.06$57
Feb 20192580150.852.79$3,508
Jan 201911223,90346.033.23$82,319
Dec 201810324,42146.594.19$107,011
Nov 20187022,63252.934.24$99,602
Oct 20188524,53061.443.40$88,577
Sep 20189521,25659.543.11$71,720
Aug 20187020,84359.403.07$68,074
Jul 20186421,92665.142.93$68,453
Jun 20187625,17260.183.08$82,026
May 20187525,91065.382.90$80,063
Apr 20188125,52063.842.90$79,199
Mar 20189827,40761.222.79$82,378
Feb 201810125,66661.782.77$77,235
Jan 201813624,21262.874.01$105,624
Dec 201714325,56257.272.92$82,870
Nov 201713725,90655.423.12$88,377
Oct 201712627,51449.292.98$88,304
Sep 201711928,57847.523.09$93,883
Aug 201711627,24545.373.00$87,118
Jul 201715625,22743.873.09$84,727
Jun 201712124,84942.493.09$81,857
May 201713325,62545.373.26$89,659
Apr 201710625,46047.933.21$86,848
Mar 201714228,50146.772.98$91,679
Feb 201722230,13650.452.95$100,179
Jan 201724636,36749.413.42$136,486
Dec 201633935,96948.763.72$150,436
Nov 201628438,12742.492.64$112,888
Oct 201636046,24446.193.09$159,534
Sep 201625731,47541.553.10$108,271
Aug 201613041.442.92$539
Jul 20167722,26441.622.92$68,312
Jun 201613948,49445.352.69$136,550
May 201615652,79842.521.99$111,756
Apr 201614144,64536.561.99$94,045
Mar 201617452,55833.011.79$100,033
Feb 201619052,27326.472.06$112,901
Jan 201617457,52427.352.36$140,766
Dec 201514059,67532.362.00$123,965
Nov 201519759,85238.792.17$137,361
Oct 201518464,29443.552.43$164,028
Sep 201515764,54842.992.76$184,800
Aug 201520368,90540.162.87$206,081
Jul 201524173,77648.152.95$228,880
Jun 201524264,79656.152.88$200,386
May 201530272,98455.212.96$232,374
Apr 201530971,97649.822.71$210,202
Mar 201535379,23642.892.93$247,675
Feb 201533475,10244.662.98$238,434
Jan 201546168,25243.433.10$231,645
Dec 201446553,97854.693.59$219,285
Nov 201437959,67570.464.25$280,433
Oct 201449079,06578.303.90$346,796
Sep 201419826,46886.164.05$124,134
Aug 201453891,28589.394.04$416,438
Jul 201454294,62996.564.18$447,847
Jun 201466486,68498.164.74$475,790
May 2014834105,13094.734.73$575,908
Apr 2014930106,21195.944.81$600,006
Mar 20141,023116,82795.895.06$688,866
Feb 201491587,14797.406.19$628,735
Jan 20141,328122,55990.404.86$715,776
Dec 20131,230104,32891.824.35$567,233
Nov 20131,053103,75788.853.74$481,432
Oct 20131,427138,94897.423.78$664,153
Sep 20131,374105,930104.113.72$536,867
Aug 20131,765141,947104.253.52$684,025
Jul 20132,063139,307102.523.72$729,406
Jun 20131,472124,80594.403.93$629,866
May 20132,562178,19494.834.15$982,296
Apr 20132,416192,92193.964.28$1,053,209
Mar 20132035,25493.623.91$139,817

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.

Jul 2020 — as filed, then multipliedworked
Condensate             0 bbl  × $ 38.37 =         $0
Gas                    9 Mcf  × $  1.83 =        $16

────────────────────────────────────────────────────
Month total                                      $16

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/271524 is the state's own key, not one this site invented.