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 271529District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$31.0 M
May 2013 – May 2026
Value, last 12 filed months
$528 k
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
CondensateDisposition91,210 bbl$7,318,282
GasProduction6,700,801 Mcf$23,632,083
Total$30,950,365

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 20264913,27298.932.87$42,934
Mar 20266214,38889.753.15$50,879
Feb 20265513,37363.503.75$53,646
Jan 20265714,42359.138.00$118,724
Dec 20255716,23556.664.41$74,881
Nov 20255919,94858.593.93$81,781
Oct 2025265,67859.383.30$20,309
Sep 20250062.743.08$0
Aug 202538963.933.01$460
Jul 20254311,62866.743.32$41,419
Jun 20254812,84666.483.13$43,383
May 20254713,90660.553.23$47,794
Apr 20259114,11862.363.54$55,697
Mar 20255313,83667.704.27$62,645
Feb 2025308,77370.884.34$40,209
Jan 20255211,29574.324.28$52,192
Dec 20245215,07368.993.12$50,636
Nov 20243918,69369.052.20$43,788
Oct 2024155,81571.372.28$14,337
Sep 202402,79969.612.36$6,618
Aug 2024312,96675.632.06$26,984
Jul 20243014,11779.932.15$32,701
Jun 20243513,86778.082.63$39,258
May 20242814,70678.812.20$34,537
Apr 20243714,53584.451.66$27,241
Mar 20244315,80780.301.55$27,877
Feb 20243615,88476.091.78$31,071
Jan 20245516,44373.023.30$58,240
Dec 20236422,10871.262.61$62,278
Nov 20231077.892.81$78
Oct 202352,53685.443.09$8,257
Sep 20230089.042.74$0
Aug 202335,57080.522.67$15,130
Jul 202321,22574.852.64$3,386
Jun 20232415,56368.962.26$36,804
May 20233115,10070.622.23$35,823
Apr 20236915,27178.122.24$39,563
Mar 20236216,75672.852.39$44,616
Feb 20235315,46175.112.47$42,103
Jan 20238419,35376.533.39$71,991
Dec 20224715,18476.415.73$90,582
Nov 2022317,82685.005.65$46,822
Oct 20225016,69787.185.86$102,266
Sep 20224816,14084.888.16$135,836
Aug 20224617,04594.529.13$159,920
Jul 20223717,407101.587.54$135,043
Jun 20223917,681115.097.98$145,533
May 20223518,707109.378.43$161,585
Apr 20224318,853104.226.84$133,391
Mar 2022420,696108.885.08$105,497
Feb 2022020,70191.054.86$100,583
Jan 2022428,49181.844.54$129,610
Dec 2021258,79071.323.90$36,056
Nov 20211077.435.24$77
Oct 2021102,29379.795.71$13,900
Sep 20216118,00269.865.35$100,589
Aug 20215219,53266.024.22$85,870
Jul 20211318,57670.783.98$74,891
Jun 20215920,17969.493.38$72,317
May 20217118,33063.483.02$59,821
Apr 20215818,24260.362.76$53,820
Mar 20217622,59061.302.72$66,034
Feb 20216118,43757.805.55$105,813
Jan 20218721,20450.412.81$63,975
Dec 20207621,18144.642.68$60,062
Nov 20207620,76338.772.71$59,143
Oct 20208022,50636.972.48$58,737
Sep 20207021,28337.091.99$44,972
Aug 20208123,12539.982.39$58,394
Jul 20207923,67438.371.83$46,239
Jun 20209023,60334.901.69$43,037
May 20206725,18016.921.81$46,829
Apr 202011524,77414.751.80$46,398
Mar 202017624,18230.341.86$50,227
Feb 202016223,31949.881.98$54,268
Jan 202017025,62757.252.09$63,414
Dec 201915825,94059.012.30$69,099
Nov 201913028,58255.302.75$85,810
Oct 20198915,08753.472.42$41,247
Sep 20197916,64855.052.66$48,587
Aug 20197026,27353.112.30$64,260
Jul 20195726,70556.272.46$68,903
Jun 201920027,44752.782.49$78,932
May 20198026,45858.482.74$77,182
Apr 20197427,42762.632.75$80,078
Mar 20199529,09056.803.06$94,472
Feb 20195726,83550.852.79$77,828
Jan 201911530,50146.033.23$103,756
Dec 20185831,29746.594.19$133,694
Nov 20182229,77452.934.24$127,324
Oct 20183431,91961.443.40$110,552
Sep 201811831,16159.543.11$103,874
Aug 201810533,17259.403.07$107,961
Jul 201810833,84665.142.93$106,268
Jun 20183533,38160.183.08$104,817
May 20182335,42065.382.90$104,250
Apr 20185336,20863.842.90$108,416
Mar 201820840,03061.222.79$124,291
Feb 201828437,02361.782.77$119,956
Jan 201839940,67362.874.01$188,156
Dec 201738836,22557.272.92$128,053
Nov 201738436,66355.423.12$135,610
Oct 201734839,04849.292.98$133,660
Sep 201737337,89747.523.09$134,724
Aug 201736740,03945.373.00$136,944
Jul 201747339,99843.873.09$144,236
Jun 201737038,91242.493.09$135,854
May 201743941,69045.373.26$155,969
Apr 201750741,11547.933.21$156,345
Mar 201759651,18846.772.98$180,604
Feb 20171228,00150.452.95$29,779
Jan 201791049.413.42$4,496
Dec 201649849,02448.763.72$206,791
Nov 201637151,93342.492.64$153,093
Oct 201643655,46646.193.09$191,543
Sep 201639056,22741.553.10$190,544
Aug 201630259,95941.442.92$187,855
Jul 201634863,07741.622.92$198,942
Jun 201650563,30045.352.69$192,915
May 201657567,75542.521.99$159,352
Apr 201659467,52336.561.99$156,158
Mar 201669067,77633.011.79$144,368
Feb 201678063,79026.472.06$152,286
Jan 201675967,60227.352.36$180,594
Dec 201565567,55132.362.00$156,393
Nov 201590567,32238.792.17$181,014
Oct 201589271,70143.552.43$212,835
Sep 201577371,51742.992.76$230,505
Aug 201596676,94140.162.87$259,807
Jul 20151,11979,68548.152.95$288,559
Jun 201589168,08956.152.88$246,321
May 20151,01175,87555.212.96$280,062
Apr 201596263,32049.822.71$219,307
Mar 20152376,37042.892.93$28,859
Feb 20151,07486,04944.662.98$304,063
Jan 20151,31398,53743.433.10$362,550
Dec 20141,368103,19054.693.59$445,408
Nov 20141,168102,77370.464.25$519,272
Oct 20141,484109,20878.303.90$542,213
Sep 20141,728110,89186.164.05$597,487
Aug 20141,954127,52289.394.04$689,235
Jul 20141,923125,41796.564.18$709,878
Jun 20142,521127,40998.164.74$850,983
May 20143,078138,31094.734.73$945,309
Apr 20143,387138,71495.944.81$992,041
Mar 20142,69087,00995.895.06$697,931
Feb 20142,65094,14497.406.19$841,050
Jan 20144,151159,12490.404.86$1,148,708
Dec 20133,944172,59091.824.35$1,113,678
Nov 20134,449169,84388.853.74$1,030,214
Oct 20135,143195,63497.423.78$1,240,402
Sep 20135,090194,801104.113.72$1,254,139
Aug 20135,379204,680104.253.52$1,281,769
Jul 20135,686194,551102.523.72$1,306,219
Jun 20133,622175,88094.403.93$1,033,725
May 20131,937116,77394.834.15$668,186

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            49 bbl  × $ 98.93 =     $4,848
Gas               13,272 Mcf  × $  2.87 =    $38,087

────────────────────────────────────────────────────
Month total                                  $42,934

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/271529 is the state's own key, not one this site invented.