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 271528District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$26.6 M
May 2013 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
157
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
CondensateDisposition76,156 bbl$6,175,236
GasProduction5,758,902 Mcf$20,455,898
Total$26,631,134

Every month this lease reported (157)

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

157 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 20250160.553.23$3
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 202307176.533.39$241
Dec 2022436476.415.73$2,391
Nov 2022205,94385.005.65$35,255
Oct 20224815,55587.185.86$95,395
Sep 20224715,82484.888.16$133,171
Aug 20224416,77294.529.13$157,240
Jul 20221417,495101.587.54$133,371
Jun 20221015,732115.097.98$126,648
May 202220118,399109.378.43$177,143
Apr 202210122,719104.226.84$165,870
Mar 2022444,479108.885.08$27,528
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 202101571.323.90$58
Nov 20211077.435.24$77
Oct 2021113,03979.795.71$18,242
Sep 20214818,36469.865.35$101,618
Aug 20214918,90666.024.22$83,029
Jul 20215518,95470.783.98$79,369
Jun 20215818,24969.493.38$65,723
May 20216519,28663.483.02$62,325
Apr 20216418,94160.362.76$56,110
Mar 20216120,38361.302.72$59,119
Feb 20214317,72057.805.55$100,795
Jan 20215920,91450.412.81$61,748
Dec 20205621,37344.642.68$59,682
Nov 20204720,31338.772.71$56,801
Oct 20205121,70936.972.48$55,690
Sep 20204621,28937.091.99$44,093
Aug 20204921,31239.982.39$52,790
Jul 20205022,47038.371.83$42,929
Jun 20205722,19434.901.69$39,504
May 20204223,75016.921.81$43,811
Apr 20208123,78714.751.80$44,116
Mar 202013822,82730.341.86$46,559
Feb 202012922,10749.881.98$50,221
Jan 202013923,91457.252.09$58,051
Dec 201913624,51359.012.30$64,512
Nov 201911527,59655.302.75$82,268
Oct 201910218,25753.472.42$49,609
Sep 20195613,43455.052.66$38,781
Aug 201910025,07153.112.30$63,084
Jul 20199125,50556.272.46$67,864
Jun 201910526,37552.782.49$71,247
May 201910224,46458.482.74$73,004
Apr 201914026,54362.632.75$81,780
Mar 201917928,92956.803.06$98,751
Feb 201915325,60950.852.79$79,286
Jan 201914029,06546.033.23$100,271
Dec 201810929,55446.594.19$128,775
Nov 201813929,16152.934.24$130,919
Oct 201813731,14761.443.40$114,257
Sep 201811830,48859.543.11$101,782
Aug 201815132,58759.403.07$108,899
Jul 201814531,04565.142.93$100,466
Jun 201815731,91060.183.08$107,633
May 201816732,66865.382.90$105,682
Apr 201817633,13063.842.90$107,339
Mar 201822935,49061.222.79$112,924
Feb 201828833,34561.782.77$110,029
Jan 201843935,20962.874.01$168,764
Dec 201732135,34757.272.92$121,651
Nov 201743936,11455.423.12$136,946
Oct 201741737,87749.292.98$133,567
Sep 201731037,36047.523.09$130,072
Aug 201727239,78645.373.00$131,874
Jul 201739140,29143.873.09$141,543
Jun 201724939,50242.493.09$132,534
May 201721342,68045.373.26$148,946
Apr 201736244,73847.933.21$161,031
Mar 201751356,83346.772.98$193,565
Feb 20171098,72550.452.95$31,260
Jan 201771049.413.42$3,508
Dec 201641941,49648.763.72$174,913
Nov 201635943,75642.492.64$130,960
Oct 201638746,31746.193.09$161,007
Sep 201634246,51541.553.10$158,436
Aug 201639750,43541.442.92$163,941
Jul 201646754,23441.622.92$178,035
Jun 201646749,94745.352.69$155,328
May 201632337,34942.521.99$88,097
Apr 201645252,25236.561.99$120,561
Mar 201646856,24133.011.79$116,346
Feb 201650854,73026.472.06$126,389
Jan 201648061,25427.352.36$157,955
Dec 201541062,70132.362.00$138,758
Nov 201556063,34838.792.17$159,018
Oct 201554969,18343.552.43$191,787
Sep 201548768,77942.992.76$210,658
Aug 201562174,85240.162.87$239,951
Jul 201576079,07348.152.95$269,470
Jun 201563365,82356.152.88$225,301
May 201574677,54555.212.96$270,367
Apr 201587886,80549.822.71$278,686
Mar 201540720,47042.892.93$77,530
Feb 201583375,99944.662.98$263,389
Jan 20151,11888,38743.433.10$322,610
Dec 20141,25991,94954.693.59$399,077
Nov 20141,12788,28870.464.25$454,795
Oct 20141,35389,19578.303.90$453,886
Sep 20141,37190,91786.164.05$485,925
Aug 20141,545112,28589.394.04$591,191
Jul 20141,481109,85396.564.18$602,147
Jun 20141,995117,25598.164.74$751,252
May 20142,543128,42694.734.73$847,912
Apr 20142,927134,41895.944.81$927,249
Mar 20142,12670,55995.895.06$560,665
Feb 20141,83286,26597.406.19$712,590
Jan 20143,106148,35890.404.86$1,001,909
Dec 20132,906162,40891.824.35$974,031
Nov 20133,452166,33088.853.74$928,498
Oct 20133,986191,69397.423.78$1,112,793
Sep 20134,429194,509104.113.72$1,184,237
Aug 20135,110208,953104.253.52$1,268,777
Jul 20135,477179,300102.523.72$1,228,093
Jun 20133,506157,67394.403.93$951,159
May 20132,281127,25994.834.15$744,315

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 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 60.55 =         $0
Gas                    1 Mcf  × $  3.23 =         $3

────────────────────────────────────────────────────
Month total                                       $3

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/271528 is the state's own key, not one this site invented.