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 271540District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$25.3 M
Feb 2013 – May 2026
Value, last 12 filed months
$413 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
CondensateDisposition66,162 bbl$5,244,731
GasProduction5,679,602 Mcf$20,083,237
Total$25,327,968

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 2026337,90698.932.87$25,953
Mar 202624989.753.15$334
Feb 2026205,24563.503.75$20,940
Jan 20264810,03059.138.00$83,057
Dec 20254310,71556.664.41$49,726
Nov 20253910,69358.593.93$44,270
Oct 20254011,40459.383.30$40,064
Sep 2025339,85962.743.08$32,406
Aug 20253111,60763.933.01$36,974
Jul 20253711,75266.743.32$41,430
Jun 20254011,35066.483.13$38,170
May 20254211,96860.553.23$41,228
Apr 20254111,64862.363.54$43,827
Mar 20252412,23067.704.27$53,826
Feb 20254111,43070.884.34$52,522
Jan 20256812,93774.324.28$60,407
Dec 20247214,37168.993.12$49,824
Nov 2024696,54869.052.20$19,160
Oct 202411,55371.372.28$3,614
Sep 202451,17769.612.36$3,131
Aug 2024176,85575.632.06$15,432
Jul 20243013,48679.932.15$31,347
Jun 20244013,77778.082.63$39,412
May 20244214,27678.812.20$34,695
Apr 20244813,97584.451.66$27,241
Mar 20245614,46780.301.55$26,850
Feb 20245913,49576.091.78$28,560
Jan 20244914,12073.023.30$50,141
Dec 2023914,20371.262.61$37,721
Nov 2023214,26877.892.81$40,214
Oct 2023115,34485.443.09$47,457
Sep 2023215,08189.042.74$41,425
Aug 20231010,03680.522.67$27,630
Jul 2023011,87774.852.64$31,377
Jun 2023514,28468.962.26$32,605
May 20233715,12470.622.23$36,300
Apr 20234514,83978.122.24$36,722
Mar 20236415,81272.852.39$42,503
Feb 20235215,29575.112.47$41,618
Jan 20233613,32376.533.39$47,890
Dec 20225414,56176.415.73$87,547
Nov 20225913,20285.005.65$79,556
Oct 20225915,98787.185.86$98,888
Sep 20225115,63584.888.16$131,968
Aug 20224915,53494.529.13$146,413
Jul 20224716,357101.587.54$128,140
Jun 20225215,977115.097.98$133,436
May 20225716,736109.378.43$147,369
Apr 20225816,375104.226.84$118,010
Mar 20226717,023108.885.08$93,711
Feb 20225615,49591.054.86$80,387
Jan 20227317,31981.844.54$84,562
Dec 20213717,37671.323.90$70,390
Nov 20214016,87877.435.24$91,485
Oct 20212417,45279.795.71$101,633
Sep 20211717,12269.865.35$92,806
Aug 20213817,83766.024.22$77,791
Jul 20214618,07470.783.98$75,228
Jun 20214418,07569.493.38$64,162
May 20217119,00563.483.02$61,858
Apr 20217819,10760.362.76$57,413
Mar 20219321,62361.302.72$64,449
Feb 20215613,33657.805.55$77,224
Jan 20217317,37850.412.81$52,517
Dec 20206617,44344.642.68$49,614
Nov 20206517,87738.772.71$50,905
Oct 20205818,71836.972.48$48,536
Sep 20204719,30737.091.99$40,184
Aug 20206420,56639.982.39$51,611
Jul 20207020,93338.371.83$40,891
Jun 20209821,05334.901.69$39,006
May 20208820,43416.921.81$38,572
Apr 20208320,28414.751.80$37,824
Mar 20206322,53130.341.86$43,734
Feb 20203020,64549.881.98$42,387
Jan 20204214,91057.252.09$33,637
Dec 20198619,71959.012.30$50,515
Nov 201910420,41955.302.75$61,918
Oct 201916820,73053.472.42$59,119
Sep 201914619,66655.052.66$60,295
Aug 201915821,93253.112.30$58,931
Jul 201913921,17656.272.46$59,916
Jun 201915921,46652.782.49$61,868
May 201910022,43158.482.74$67,316
Apr 2019022,46962.632.75$61,805
Mar 2019024,41756.803.06$74,767
Feb 2019022,31250.852.79$62,300
Jan 20192124,75046.033.23$80,864
Dec 201813725,43546.594.19$112,840
Nov 201818925,08152.934.24$116,278
Oct 201816026,19861.443.40$98,853
Sep 20186725,83059.543.11$84,269
Aug 2018027,23359.403.07$83,512
Jul 2018029,10065.142.93$85,318
Jun 20181424,34360.183.08$75,744
May 20188327,91865.382.90$86,411
Apr 201814027,58163.842.90$88,945
Mar 201817428,77361.222.79$90,838
Feb 201810526,25661.782.77$79,114
Jan 201822729,92562.874.01$134,250
Dec 201722731,90757.272.92$106,217
Nov 201719631,20455.423.12$108,168
Oct 201719430,04649.292.98$99,210
Sep 201712517,15947.523.09$58,915
Aug 20179711,81645.373.00$39,901
Jul 201727735,60343.873.09$122,068
Jun 201721333,12642.493.09$111,320
May 201724834,76845.373.26$124,714
Apr 201726234,61647.933.21$123,730
Mar 201729437,28346.772.98$124,991
Feb 201729536,39250.452.95$122,334
Jan 201733839,26649.413.42$150,943
Dec 201639139,56248.763.72$166,348
Nov 201629239,41942.492.64$116,645
Oct 201634241,86746.193.09$145,177
Sep 201630342,95641.553.10$145,780
Aug 201636144,29641.442.92$144,496
Jul 201635945,72741.622.92$148,663
Jun 201638445,85245.352.69$140,565
May 201643548,96542.521.99$115,987
Apr 201643947,18236.561.99$109,991
Mar 201649750,97833.011.79$107,861
Feb 201658550,42126.472.06$119,535
Jan 201649845,74327.352.36$121,773
Dec 201544353,00832.362.00$120,426
Nov 201560152,82438.792.17$137,800
Oct 201552257,38443.552.43$161,980
Sep 201527751,40042.992.76$153,691
Aug 201562060,40740.162.87$198,418
Jul 201574963,72148.152.95$223,728
Jun 201570160,09156.152.88$212,595
May 201583660,91255.212.96$226,178
Apr 201581367,25849.822.71$222,542
Mar 201594070,28942.892.93$246,594
Feb 201583867,02544.662.98$236,904
Jan 201594954,44843.433.10$210,038
Dec 20141,05167,91454.693.59$301,383
Nov 201461846,40370.464.25$240,842
Oct 201478351,42878.303.90$261,927
Sep 20141,04471,93686.164.05$380,964
Aug 20141,15173,15389.394.04$398,069
Jul 20141,09777,42496.564.18$429,528
Jun 20141,39876,89098.164.74$501,446
May 20141,77386,86194.734.73$578,510
Apr 20142,00784,59695.944.81$599,384
Mar 20141,10154,45695.895.06$380,948
Feb 20141,59984,55797.406.19$679,320
Jan 20142,260103,75890.404.86$708,643
Dec 20132,017102,79791.824.35$632,828
Nov 20132,116108,59688.853.74$593,969
Oct 20131,964123,15997.423.78$656,795
Sep 20132,527122,492104.113.72$718,479
Aug 20132,829137,979104.253.52$780,969
Jul 20133,186137,947102.523.72$839,480
Jun 20132,309146,72594.403.93$795,099
May 20133,754167,98094.834.15$1,052,954
Apr 20133,735180,74093.964.28$1,124,976
Mar 20133,768202,85893.623.91$1,146,517
Feb 201335152,29891.233.42$210,876

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                7,906 Mcf  × $  2.87 =    $22,688

────────────────────────────────────────────────────
Month total                                  $25,953

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/271540 is the state's own key, not one this site invented.