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 271635District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$20.9 M
May 2013 – May 2026
Value, last 12 filed months
$325 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
CondensateDisposition68,888 bbl$5,596,794
GasProduction4,235,747 Mcf$15,347,432
Total$20,944,226

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 2026646,32398.932.87$24,477
Mar 2026586,88289.753.15$26,880
Feb 2026526,14563.503.75$26,348
Jan 2026736,63059.138.00$57,343
Dec 2025616,77556.664.41$33,357
Nov 2025526,58858.593.93$28,914
Oct 2025716,94459.383.30$27,165
Sep 2025326,77162.743.08$22,842
Aug 2025387,13863.933.01$23,949
Jul 2025596,79666.743.32$26,468
Jun 2025737,00766.483.13$26,776
May 2025716,92160.553.23$26,670
Apr 2025946,53762.363.54$29,023
Mar 2025607,00467.704.27$33,957
Feb 2025676,16570.884.34$31,510
Jan 2025547,10274.324.28$34,400
Dec 2024477,89268.993.12$27,876
Nov 2024375,37569.052.20$14,371
Oct 2024386,99671.372.28$18,673
Sep 2024315,33069.612.36$14,760
Aug 2024317,06075.632.06$16,914
Jul 2024317,44779.932.15$18,463
Jun 2024337,52478.082.63$22,395
May 2024408,18278.812.20$21,140
Apr 2024546,81084.451.66$15,859
Mar 2024589,61380.301.55$19,511
Feb 2024253,45276.091.78$8,059
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 202306585.443.09$201
Sep 2023017589.042.74$479
Aug 20230080.522.67$0
Jul 20231074.852.64$75
Jun 2023143,21468.962.26$8,224
May 20235615,54770.622.23$38,584
Apr 2023184,71178.122.24$11,948
Mar 2023145,06072.852.39$13,129
Feb 20235210,46075.112.47$29,697
Jan 20237713,60176.533.39$51,969
Dec 20228512,94676.415.73$80,664
Nov 2022376,45485.005.65$39,586
Oct 20225012,59387.185.86$78,201
Sep 20225412,76784.888.16$108,809
Aug 20227812,70894.529.13$123,361
Jul 20224210,396101.587.54$82,674
Jun 20226810,707115.097.98$93,238
May 20226614,288109.378.43$127,710
Apr 20226011,716104.226.84$86,363
Mar 2022499,860108.885.08$55,388
Feb 2022438,08991.054.86$43,218
Jan 2022869,04981.844.54$48,100
Dec 20217810,61671.323.90$46,956
Nov 20216812,37677.435.24$70,077
Oct 20217113,47079.795.71$82,631
Sep 20216713,50969.865.35$76,966
Aug 20216513,56266.024.22$61,531
Jul 2021419,29670.783.98$39,919
Jun 20216613,74669.493.38$51,056
May 20217514,69363.483.02$49,100
Apr 20218214,93360.362.76$46,141
Mar 20219917,39761.302.72$53,335
Feb 20218212,95957.805.55$76,635
Jan 202111515,38850.412.81$49,042
Dec 202011515,79044.642.68$47,379
Nov 202013512,44738.772.71$38,923
Oct 20208515,56436.972.48$41,717
Sep 20206715,97537.091.99$34,292
Aug 20207314,66239.982.39$37,889
Jul 20209816,54038.371.83$33,948
Jun 20209014,01134.901.69$26,824
May 20207516,19116.921.81$30,652
Apr 202011916,05114.751.80$30,717
Mar 202015416,60730.341.86$35,499
Feb 202014015,53049.881.98$37,743
Jan 202015716,73557.252.09$44,044
Dec 201916216,93159.012.30$48,575
Nov 201915216,62455.302.75$54,133
Oct 201915517,17753.472.42$49,831
Sep 201913116,96355.052.66$52,287
Aug 201914417,99453.112.30$49,112
Jul 201913117,74156.272.46$51,015
Jun 201916118,09052.782.49$53,563
May 201915017,51258.482.74$56,760
Apr 201917718,36662.632.75$61,605
Mar 201921719,49956.803.06$72,033
Feb 201918718,00250.852.79$59,774
Jan 201924020,34146.033.23$76,712
Dec 201824220,72146.594.19$98,001
Nov 201819820,44752.934.24$97,119
Oct 201820121,58961.443.40$85,711
Sep 201819221,46759.543.11$78,151
Aug 201823722,64859.403.07$83,529
Jul 201823223,09465.142.93$82,821
Jun 201826622,77160.183.08$86,072
May 201822624,05365.382.90$84,549
Apr 201823924,15363.842.90$85,321
Mar 201827925,97861.222.79$89,477
Feb 201823725,00361.782.77$83,803
Jan 201829227,26562.874.01$127,672
Dec 201725729,12957.272.92$99,819
Nov 201721830,27355.423.12$106,484
Oct 201720633,25649.292.98$109,379
Sep 201730535,28847.523.09$123,438
Aug 201733942,77445.373.00$143,891
Jul 2017122943.873.09$751
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20174046.772.98$187
Feb 2017869850.452.95$4,628
Jan 201732428,76849.413.42$114,361
Dec 201635529,01348.763.72$125,320
Nov 201626328,92242.492.64$87,655
Oct 201630930,40746.193.09$108,238
Sep 201629230,45541.553.10$106,562
Aug 201635332,14941.442.92$108,643
Jul 201634533,36041.622.92$111,915
Jun 201632733,17245.352.69$103,924
May 201637435,25742.521.99$86,101
Apr 201637834,41436.561.99$82,339
Mar 201643435,99533.011.79$78,902
Feb 201652434,88926.472.06$85,868
Jan 201649337,69827.352.36$102,615
Dec 201542240,20432.362.00$94,121
Nov 201560440,54638.792.17$111,306
Oct 201563743,13243.552.43$132,405
Sep 201555043,91942.992.76$144,792
Aug 201524911,11240.162.87$41,919
Jul 201555933,44048.152.95$125,399
Jun 20151433,68556.152.88$18,653
May 201571051,39455.212.96$191,092
Apr 201515810,88349.822.71$37,327
Mar 20151423,89042.892.93$17,506
Feb 201571554,07344.662.98$192,863
Jan 201599462,97543.433.10$238,432
Dec 20141,10365,94654.693.59$297,159
Nov 201492563,30470.464.25$334,334
Oct 20141,07967,28678.303.90$346,966
Sep 20141,12270,74986.164.05$382,882
Aug 20141,29376,35389.394.04$423,675
Jul 20141,19178,46696.564.18$442,959
Jun 20141,62579,42798.164.74$535,746
May 20141,92286,93694.734.73$592,979
Apr 20142,07687,71795.944.81$621,013
Mar 20142,303100,16295.895.06$727,334
Feb 20141,99276,21797.406.19$665,956
Jan 20142,673107,33890.404.86$763,379
Dec 20132,670120,64491.824.35$770,501
Nov 20133,037113,47488.853.74$694,035
Oct 20133,732141,12397.423.78$896,926
Sep 20134,047143,550104.113.72$955,015
Aug 20134,902168,925104.253.52$1,106,090
Jul 20135,227167,530102.523.72$1,158,705
Jun 20133,038168,40194.403.93$949,177
May 20131,44247,10894.834.15$332,200

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            64 bbl  × $ 98.93 =     $6,332
Gas                6,323 Mcf  × $  2.87 =    $18,145

────────────────────────────────────────────────────
Month total                                  $24,477

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/271635 is the state's own key, not one this site invented.