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 271688District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$20.6 M
May 2013 – May 2026
Value, last 12 filed months
$180 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
CondensateDisposition75,827 bbl$5,829,325
GasProduction4,128,809 Mcf$14,784,841
Total$20,614,166

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 2026333,62398.932.87$13,662
Mar 2026403,62889.753.15$15,016
Feb 2026323,32863.503.75$14,513
Jan 2026463,65159.138.00$31,920
Dec 2025393,72156.664.41$18,632
Nov 2025313,62258.593.93$16,038
Oct 2025323,91459.383.30$14,835
Sep 2025383,93562.743.08$14,492
Aug 2025404,25763.933.01$15,391
Jul 2025463,80066.743.32$15,668
Jun 2025322,54666.483.13$10,093
May 2025473,31860.553.23$13,571
Apr 202507962.363.54$280
Mar 2025036867.704.27$1,571
Feb 2025029970.884.34$1,298
Jan 2025029874.324.28$1,275
Dec 2024025368.993.12$790
Nov 2024028269.052.20$620
Oct 2024014271.372.28$324
Sep 2024112,58769.612.36$6,882
Aug 202483,94875.632.06$8,752
Jul 202494,08379.932.15$9,484
Jun 202454,14278.082.63$11,300
May 2024284,13878.812.20$11,304
Apr 20241911,09084.451.66$17,938
Mar 20242343980.301.55$2,525
Feb 20241122,00776.091.78$12,102
Jan 20243553,34473.023.30$36,949
Dec 20234265,06171.262.61$43,570
Nov 20234045,53277.892.81$46,999
Oct 202364210,09085.443.09$86,003
Sep 20231,12811,73989.042.74$132,544
Aug 20231522580.522.67$1,809
Jul 2023282774.852.64$2,334
Jun 2023254,01868.962.26$10,799
May 2023709,18370.622.23$25,398
Apr 20238010,57178.122.24$29,905
Mar 20238811,65672.852.39$34,305
Feb 20239411,42875.112.47$35,238
Jan 202311412,19176.533.39$50,024
Dec 2022675,06376.415.73$34,126
Nov 2022778,71885.005.65$55,769
Oct 20228011,41487.185.86$73,903
Sep 20228311,23684.888.16$98,772
Aug 202213511,38994.529.13$116,709
Jul 20227111,923101.587.54$97,136
Jun 20227511,388115.097.98$99,476
May 20228612,295109.378.43$113,090
Apr 20229212,531104.226.84$95,270
Mar 202210612,629108.885.08$75,651
Feb 20229412,08391.054.86$67,268
Jan 202213113,35781.844.54$71,331
Dec 20219611,39271.323.90$51,266
Nov 20217611,27277.435.24$64,914
Oct 20217711,13079.795.71$69,739
Sep 20218112,05569.865.35$70,164
Aug 20218613,27066.024.22$61,685
Jul 20219613,55670.783.98$60,776
Jun 20219612,85969.493.38$50,142
May 202115214,14463.483.02$52,331
Apr 202113512,92560.362.76$43,801
Mar 202112513,25961.302.72$43,686
Feb 2021767,84757.805.55$47,928
Jan 202113012,97350.412.81$43,011
Dec 202011711,80244.642.68$36,799
Nov 202012010,83738.772.71$33,984
Oct 202013613,89336.972.48$39,461
Sep 202012213,76637.091.99$31,934
Aug 202012214,46539.982.39$39,378
Jul 202011715,11238.371.83$32,071
Jun 202014214,83034.901.69$30,023
May 202010515,89316.921.81$30,618
Apr 202015415,67714.751.80$30,559
Mar 202017915,04430.341.86$33,356
Feb 202019514,66849.881.98$38,779
Jan 202021415,91957.252.09$45,598
Dec 201920615,44459.012.30$47,745
Nov 201919515,28755.302.75$52,833
Oct 201919916,25853.472.42$49,961
Sep 201916616,01955.052.66$51,705
Aug 201918817,15253.112.30$49,509
Jul 201916517,05656.272.46$51,243
Jun 201920317,47752.782.49$54,253
May 201919017,23958.482.74$58,352
Apr 201922517,94262.632.75$63,445
Mar 201926219,27456.803.06$73,901
Feb 201923317,83250.852.79$61,639
Jan 201932118,41646.033.23$74,226
Dec 201834418,57446.594.19$93,767
Nov 201830718,37552.934.24$94,109
Oct 201829519,40461.443.40$84,061
Sep 201824119,21259.543.11$74,060
Aug 201828420,32959.403.07$79,210
Jul 201826120,73565.142.93$77,794
Jun 201823520,39360.183.08$76,890
May 201824821,42065.382.90$78,349
Apr 201830421,52163.842.90$81,835
Mar 201835822,93061.222.79$85,819
Feb 201830821,23161.782.77$77,756
Jan 201839623,90762.874.01$120,747
Dec 201739925,23857.272.92$96,584
Nov 201738724,65855.423.12$98,340
Oct 201739126,68849.292.98$98,901
Sep 201738326,34047.523.09$99,519
Aug 201740028,20345.373.00$102,881
Jul 201753030,16243.873.09$116,370
Jun 201739929,71642.493.09$108,695
May 201746730,85545.373.26$121,880
Apr 201749429,50247.933.21$118,426
Mar 201732919,98446.772.98$75,013
Feb 2017869650.452.95$4,622
Jan 201742329,55949.413.42$121,957
Dec 201647529,94348.763.72$134,634
Nov 201636329,74542.492.64$94,080
Oct 201648031,51446.193.09$119,558
Sep 201638131,69741.553.10$114,111
Aug 201646033,46341.442.92$116,920
Jul 201646034,76041.622.92$120,795
Jun 201647234,62645.352.69$114,405
May 201652236,72742.521.99$95,320
Apr 201654936,53236.561.99$92,808
Mar 201656537,74733.011.79$86,369
Feb 201663536,60626.472.06$92,350
Jan 201658940,60427.352.36$112,112
Dec 201549642,27032.362.00$100,650
Nov 201566242,62038.792.17$118,051
Oct 201566546,11143.552.43$140,853
Sep 201559846,29642.992.76$153,412
Aug 201577651,60640.162.87$179,402
Jul 201587654,58848.152.95$202,945
Jun 201578752,02356.152.88$194,165
May 201594756,42355.212.96$219,039
Apr 201564025,48849.822.71$100,870
Mar 20151263,07142.892.93$14,417
Feb 201562743,22144.662.98$156,636
Jan 201588745,64843.433.10$180,060
Dec 201491939,95854.693.59$193,764
Nov 201462339,14270.464.25$210,322
Oct 201479168,11778.303.90$327,657
Sep 201468873,55686.164.05$356,844
Aug 20141,11560,79089.394.04$344,965
Jul 20141,03064,17996.564.18$367,699
Jun 20141,44766,38798.164.74$456,505
May 20141,75974,61094.734.73$519,279
Apr 20141,80276,44095.944.81$540,493
Mar 20142,01986,93095.895.06$633,190
Feb 20141,881100,05697.406.19$802,756
Jan 20142,798114,35790.404.86$808,797
Dec 20132,565105,65691.824.35$695,595
Nov 20133,566129,19088.853.74$799,787
Oct 20133,510128,29497.423.78$826,813
Sep 20133,661131,192104.113.72$868,884
Aug 20134,442154,242104.253.52$1,006,413
Jul 20134,686164,554102.523.72$1,092,178
Jun 20133,250151,29894.403.93$901,917
May 2013836,12794.834.15$33,292

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                3,623 Mcf  × $  2.87 =    $10,397

────────────────────────────────────────────────────
Month total                                  $13,662

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/271688 is the state's own key, not one this site invented.