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 271538District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$19.9 M
Feb 2013 – May 2026
Value, last 12 filed months
$0
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
CondensateDisposition52,515 bbl$4,295,526
GasProduction4,339,597 Mcf$15,602,675
Total$19,898,201

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 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 2023163,09074.852.64$9,361
Jun 2023417,47368.962.26$19,705
May 2023518,70870.622.23$22,998
Apr 2023549,10378.122.24$24,589
Mar 2023396,77772.852.39$19,060
Feb 2023268,17975.112.47$22,120
Jan 2023238,22676.533.39$29,628
Dec 20222911,30276.415.73$66,966
Nov 2022497,07385.005.65$44,101
Oct 2022386,09287.185.86$39,035
Sep 2022407,19784.888.16$62,149
Aug 2022356,69294.529.13$64,387
Jul 2022439,572101.587.54$76,561
Jun 20224710,039115.097.98$85,492
May 20225210,619109.378.43$95,238
Apr 2022305,069104.226.84$37,786
Mar 2022609,326108.885.08$53,875
Feb 2022518,49591.054.86$45,919
Jan 2022638,85981.844.54$45,355
Dec 2021508,93771.323.90$38,412
Nov 2021448,49777.435.24$47,904
Oct 2021418,97079.795.71$54,525
Sep 2021347,60469.865.35$43,064
Aug 2021388,90966.024.22$40,110
Jul 2021449,72570.783.98$41,840
Jun 2021459,45769.493.38$35,098
May 2021509,83763.483.02$32,859
Apr 20216110,45260.362.76$32,513
Mar 202110011,80761.302.72$38,209
Feb 2021659,86557.805.55$58,488
Jan 20218013,15350.412.81$40,996
Dec 20207013,29044.642.68$38,682
Nov 20206613,06738.772.71$37,926
Oct 20206813,71536.972.48$36,506
Sep 20206413,48537.091.99$29,223
Aug 20207113,99339.982.39$36,213
Jul 20205814,58438.371.83$28,843
Jun 20204514,45934.901.69$26,011
May 2020914,60716.921.81$26,660
Apr 20204714,76514.751.80$27,335
Mar 202012615,08830.341.86$31,830
Feb 202011413,62449.881.98$32,671
Jan 202011814,89357.252.09$37,952
Dec 201912815,18759.012.30$42,550
Nov 201913015,04655.302.75$48,576
Oct 201913316,01153.472.42$45,835
Sep 201910015,92955.052.66$47,833
Aug 201911917,49953.112.30$46,644
Jul 201911416,79556.272.46$47,731
Jun 201914418,77752.782.49$54,378
May 201914721,85458.482.74$68,484
Apr 201911625,24262.632.75$76,698
Mar 2019379856.803.06$2,614
Feb 2019121,30250.852.79$4,246
Jan 2019217,53446.033.23$25,288
Dec 2018358,94946.594.19$39,086
Nov 2018658,41052.934.24$39,076
Oct 20184110,21561.443.40$37,230
Sep 2018016,66359.543.11$51,789
Aug 2018021,12459.403.07$64,778
Jul 2018025,45065.142.93$74,616
Jun 201815,46560.183.08$16,876
May 2018265,97965.382.90$19,044
Apr 20189918,58663.842.90$60,234
Mar 201813719,75061.222.79$63,427
Feb 201813217,95561.782.77$57,821
Jan 201816520,39362.874.01$92,136
Dec 201716620,40857.272.92$69,129
Nov 201713220,40055.423.12$70,930
Oct 20179516,27649.292.98$53,245
Sep 201710014,41547.523.09$49,255
Aug 201711718,87845.373.00$62,025
Jul 201722025,66243.873.09$88,877
Jun 201717324,44842.493.09$82,829
May 201718725,10545.373.26$90,412
Apr 201718625,08547.933.21$89,478
Mar 201721126,50146.772.98$88,939
Feb 201720425,00550.452.95$84,122
Jan 201725227,71649.413.42$107,207
Dec 201628928,91848.763.72$121,748
Nov 201619629,21342.492.64$85,577
Oct 201620331,13246.193.09$105,583
Sep 201621331,76041.553.10$107,326
Aug 201625533,29841.442.92$107,942
Jul 201624534,37641.622.92$110,724
Jun 201623834,42145.352.69$103,242
May 201627736,93242.521.99$85,311
Apr 201628736,33336.561.99$82,833
Mar 201631239,03533.011.79$80,328
Feb 201634738,60926.472.06$88,860
Jan 201633736,43227.352.36$95,355
Dec 201529942,85832.362.00$95,452
Nov 201540643,97638.792.17$111,059
Oct 201540348,60543.552.43$135,495
Sep 201530636,44842.992.76$113,694
Aug 201540853,09340.162.87$168,894
Jul 201548055,63848.152.95$186,970
Jun 201541558,82256.152.88$192,878
May 201557051,53555.212.96$183,779
Apr 201564362,71749.822.71$201,782
Mar 201567967,42742.892.93$227,001
Feb 201545563,83944.662.98$210,317
Jan 20151849,09443.433.10$36,188
Dec 201460743,00254.693.59$187,632
Nov 201443525,41870.464.25$138,723
Oct 201461740,42578.303.90$206,007
Sep 201483865,64286.164.05$337,753
Aug 201495671,86289.394.04$375,429
Jul 201484573,61896.564.18$389,287
Jun 20141,26977,85298.164.74$493,341
May 20141,60486,06494.734.73$558,734
Apr 201478287,56595.944.81$496,136
Mar 201492152,66395.895.06$354,621
Feb 20141,32180,73297.406.19$628,558
Jan 20141,86095,66890.404.86$633,159
Dec 20131,759104,70391.824.35$617,439
Nov 20131,528107,89688.853.74$539,108
Oct 20131,304128,57597.423.78$612,967
Sep 20132,124130,068104.113.72$704,689
Aug 20132,268152,323104.253.52$773,014
Jul 20133,229151,629102.523.72$894,754
Jun 20132,150145,09394.403.93$773,670
May 20133,523158,08894.834.15$990,006
Apr 20133,574169,10893.964.28$1,060,033
Mar 20133,900180,12193.623.91$1,069,908
Feb 201344847,48591.233.42$203,265

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 2023 — as filed, then multipliedworked
Condensate            16 bbl  × $ 74.85 =     $1,198
Gas                3,090 Mcf  × $  2.64 =     $8,163

────────────────────────────────────────────────────
Month total                                   $9,361

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/271538 is the state's own key, not one this site invented.