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 271541District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$26.5 M
Mar 2013 – May 2026
Value, last 12 filed months
$540 k
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
CondensateDisposition31,561 bbl$2,653,313
GasProduction6,812,581 Mcf$23,835,615
Total$26,488,928

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 2026212,05898.932.87$34,801
Mar 2026312,78289.753.15$40,525
Feb 20261311,34563.503.75$43,373
Jan 2026412,76559.138.00$102,330
Dec 2025313,15056.664.41$58,206
Nov 2025212,76658.593.93$50,242
Oct 2025213,71559.383.30$45,445
Sep 20251812,67362.743.08$40,123
Aug 2025112,21263.933.01$36,880
Jul 2025113,75766.743.32$45,674
Jun 2025213,50666.483.13$42,389
May 2025314,11060.553.23$45,790
Apr 2025212,68362.363.54$45,062
Mar 2025214,99167.704.27$64,122
Feb 2025110,52770.884.34$45,767
Jan 2025314,46274.324.28$62,101
Dec 2024210,75168.993.12$33,696
Nov 2024314,30969.052.20$31,665
Oct 2024216,31671.372.28$37,366
Sep 2024110,68569.612.36$25,333
Aug 2024514,38775.632.06$30,068
Jul 2024115,07779.932.15$32,444
Jun 2024015,34478.082.63$40,416
May 2024113,94578.812.20$30,736
Apr 2024214,76984.451.66$24,674
Mar 2024315,38280.301.55$24,008
Feb 2024414,45576.091.78$26,087
Jan 2024515,62573.023.30$51,891
Dec 2023415,78671.262.61$41,498
Nov 2023415,64177.892.81$44,225
Oct 2023316,06285.443.09$49,844
Sep 2023215,83789.042.74$43,493
Aug 2023716,09380.522.67$43,578
Jul 2023318,60974.852.64$49,386
Jun 2023311,95468.962.26$27,205
May 2023317,07770.622.23$38,249
Apr 2023316,79878.122.24$37,824
Mar 2023418,45172.852.39$44,448
Feb 2023515,42975.112.47$38,419
Jan 20231121,60476.533.39$74,030
Dec 20223811,80876.415.73$70,553
Nov 20221211,96085.005.65$68,549
Oct 2022317,51287.185.86$102,948
Sep 2022217,06184.888.16$139,450
Aug 2022117,86194.529.13$163,115
Jul 2022118,089101.587.54$136,530
Jun 2022117,882115.097.98$142,763
May 2022218,835109.378.43$159,055
Apr 2022218,213104.226.84$124,742
Mar 2022319,527108.885.08$99,454
Feb 2022215,71091.054.86$76,514
Jan 2022319,61681.844.54$89,257
Dec 2021319,83171.323.90$77,537
Nov 2021219,10077.435.24$100,179
Oct 2021219,85779.795.71$113,620
Sep 2021119,52969.865.35$104,568
Aug 2021120,27266.024.22$85,626
Jul 2021120,84870.783.98$83,089
Jun 2021220,58269.493.38$69,719
May 2021421,67863.483.02$65,671
Apr 2021721,21060.362.76$58,929
Mar 2021323,46961.302.72$63,948
Feb 2021218,32457.805.55$101,776
Jan 2021222,30950.412.81$62,795
Dec 2020219,98444.642.68$53,556
Nov 2020320,14038.772.71$54,627
Oct 2020320,82036.972.48$51,712
Sep 2020220,78237.091.99$41,452
Aug 2020222,66239.982.39$54,131
Jul 2020323,85838.371.83$43,659
Jun 20201024,35034.901.69$41,508
May 2020921,64016.921.81$39,423
Apr 20201522,01714.751.80$39,948
Mar 20201822,63030.341.86$42,553
Feb 20201719,51249.881.98$39,495
Jan 20201821,92157.252.09$46,949
Dec 20191719,85359.012.30$46,752
Nov 20191226,12555.302.75$72,526
Oct 20191830,19353.472.42$73,985
Sep 20195021,96655.052.66$61,122
Aug 20192423,62953.112.30$55,724
Jul 20191131,14856.272.46$77,245
Jun 20191625,34552.782.49$63,984
May 20191524,64858.482.74$68,421
Apr 20191523,24862.632.75$64,888
Mar 20191823,96956.803.06$74,418
Feb 20191227,26350.852.79$76,734
Jan 20191833,50746.033.23$108,995
Dec 20182228,36646.594.19$119,749
Nov 20181727,25852.934.24$116,399
Oct 20181531,50161.443.40$107,965
Sep 20181431,60959.543.11$99,074
Aug 20181533,62559.403.07$104,004
Jul 20181433,68665.142.93$99,675
Jun 20181533,49560.183.08$103,964
May 20181734,95965.382.90$102,521
Apr 20181834,92363.842.90$102,454
Mar 20182237,05461.222.79$104,610
Feb 20182034,20661.782.77$95,854
Jan 20182638,61262.874.01$156,442
Dec 20172439,67557.272.92$117,286
Nov 20172039,22955.423.12$123,439
Oct 20171541,08549.292.98$123,324
Sep 20172140,56247.523.09$126,224
Aug 20172243,20745.373.00$130,809
Jul 20171743,63843.873.09$135,469
Jun 20171543,07242.493.09$133,613
May 20172846,04445.373.26$151,530
Apr 20173546,53847.933.21$151,139
Mar 20174349,84846.772.98$150,742
Feb 20175245,12150.452.95$135,848
Jan 20176749,07949.413.42$171,102
Dec 20167650,49948.763.72$191,705
Nov 20165751,00842.492.64$137,305
Oct 20166654,13446.193.09$170,337
Sep 20166954,33841.553.10$171,349
Aug 20168158,68441.442.92$174,969
Jul 20168561,79541.622.92$184,247
Jun 20169462,20745.352.69$171,340
May 201612166,97742.521.99$138,499
Apr 201614467,57036.561.99$139,799
Mar 201617770,56333.011.79$132,434
Feb 201620064,23926.472.06$137,860
Jan 201620969,54327.352.36$170,141
Dec 201518869,66132.362.00$145,504
Nov 201526169,86638.792.17$161,547
Oct 201526875,64943.552.43$195,240
Sep 201523775,55842.992.76$218,609
Aug 201528579,09040.162.87$238,631
Jul 201533982,69448.152.95$259,863
Jun 201531470,90556.152.88$222,040
May 201534758,81555.212.96$192,983
Apr 201530968,66349.822.71$201,236
Mar 201541783,19142.892.93$262,027
Feb 201538278,23144.662.98$249,890
Jan 201551988,65343.433.10$297,420
Dec 201460294,22554.693.59$371,319
Nov 201455693,67770.464.25$437,475
Oct 2014635101,74378.303.90$446,616
Sep 2014555103,72786.164.05$467,440
Aug 2014656103,53589.394.04$476,416
Jul 2014668108,81496.564.18$519,301
Jun 2014820110,46998.164.74$603,770
May 2014988109,72494.734.73$612,210
Apr 201462246,93195.944.81$285,371
Mar 20141,017102,92295.895.06$617,976
Feb 20141,02594,64097.406.19$685,846
Jan 20141,501125,54290.404.86$745,915
Dec 20131,587132,97091.824.35$724,734
Nov 20131,255135,41688.853.74$617,730
Oct 20131,396151,95697.423.78$710,295
Sep 20131,406144,992104.113.72$685,421
Aug 20131,583153,834104.253.52$706,925
Jul 20131,913145,408102.523.72$736,710
Jun 20131,453150,87994.403.93$730,632
May 20132,374170,96094.834.15$934,453
Apr 20131,886177,23093.964.28$936,212
Mar 201367393,88193.623.91$430,350

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             2 bbl  × $ 98.93 =       $198
Gas               12,058 Mcf  × $  2.87 =    $34,603

────────────────────────────────────────────────────
Month total                                  $34,801

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/271541 is the state's own key, not one this site invented.