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 271818District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$14.6 M
Jun 2013 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
156
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
CondensateDisposition62,068 bbl$5,212,193
GasProduction2,508,457 Mcf$9,427,006
Total$14,639,199

Every month this lease reported (156)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

156 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 2024314478.812.20$553
Apr 2024503,81784.451.66$10,556
Mar 2024584,20680.301.55$11,156
Feb 2024753,93576.091.78$12,725
Jan 20243644,53873.023.30$41,544
Dec 2023604,35671.262.61$15,648
Nov 2023704,21677.892.81$17,289
Oct 2023694,45385.443.09$19,643
Sep 2023664,15989.042.74$17,252
Aug 2023744,76380.522.67$18,689
Jul 2023804,78774.852.64$18,634
Jun 2023704,80268.962.26$15,672
May 2023735,08770.622.23$16,486
Apr 2023815,01078.122.24$17,539
Mar 2023885,70072.852.39$20,052
Feb 2023532,62775.112.47$10,458
Jan 2023592,62576.533.39$13,408
Dec 2022491,45576.415.73$12,080
Nov 2022371,58985.005.65$12,117
Oct 2022603,92487.185.86$28,240
Sep 2022533,36784.888.16$31,986
Aug 2022533,40694.529.13$36,097
Jul 2022493,465101.587.54$31,111
Jun 2022523,468115.097.98$33,650
May 2022603,891109.378.43$39,375
Apr 2022623,851104.226.84$32,793
Mar 2022452,902108.885.08$19,631
Feb 20220091.054.86$0
Jan 202278481.844.54$954
Dec 2021493,04471.323.90$15,364
Nov 2021805,59477.435.24$35,489
Oct 2021735,97879.795.71$39,982
Sep 2021625,07869.865.35$31,503
Aug 2021583,59166.024.22$18,985
Jul 2021795,72070.783.98$28,369
Jun 2021835,32069.493.38$23,753
May 2021885,58863.483.02$22,449
Apr 20211025,77560.362.76$22,087
Mar 20211106,79961.302.72$25,215
Feb 2021724,47657.805.55$28,994
Jan 2021974,51950.412.81$17,589
Dec 2020774,64344.642.68$15,859
Nov 20202595938.772.71$3,565
Oct 20200036.972.48$0
Sep 202003337.091.99$66
Aug 2020101039.982.39$424
Jul 2020593,15438.371.83$8,020
Jun 2020944,82134.901.69$11,430
May 2020776,14516.921.81$12,454
Apr 20201136,28414.751.80$13,005
Mar 20201276,69230.341.86$16,275
Feb 20201396,38149.881.98$19,572
Jan 20201736,78257.252.09$24,111
Dec 20191666,19559.012.30$24,071
Nov 20191365,19855.302.75$21,819
Oct 20191566,85053.472.42$24,908
Sep 20191246,69255.052.66$24,609
Aug 20191407,07853.112.30$23,746
Jul 20191297,23756.272.46$25,062
Jun 20191407,67552.782.49$26,509
May 20191004,34158.482.74$17,744
Apr 20191636,99362.632.75$29,444
Mar 20192057,34656.803.06$34,138
Feb 20191876,83650.852.79$28,597
Jan 20192127,38046.033.23$33,582
Dec 20181785,83346.594.19$32,707
Nov 20181687,05752.934.24$38,794
Oct 20181777,58561.443.40$36,649
Sep 20181577,49759.543.11$32,648
Aug 20181847,79759.403.07$34,840
Jul 20182007,47465.142.93$34,941
Jun 20182087,71660.183.08$36,259
May 20182067,37765.382.90$34,867
Apr 20181977,61663.842.90$34,669
Mar 20182207,92761.222.79$35,560
Feb 20181456,16861.782.77$26,020
Jan 20181916,33162.874.01$37,391
Dec 20172356,95357.272.92$33,772
Nov 20172297,15455.423.12$35,000
Oct 20171896,13549.292.98$27,621
Sep 20171797,35247.523.09$31,204
Aug 20171727,89945.373.00$31,535
Jul 20171947,45443.873.09$31,523
Jun 20171558,12942.493.09$31,682
May 20171145,96045.373.26$24,622
Apr 2017591,17947.933.21$6,614
Mar 20171877,72146.772.98$31,783
Feb 20171375,14250.452.95$22,094
Jan 20171827,57849.413.42$34,900
Dec 20162136,25448.763.72$33,668
Nov 20161615,89342.492.64$22,424
Oct 20161858,05046.193.09$33,422
Sep 20161417,85241.553.10$30,205
Aug 20161947,55441.442.92$30,130
Jul 20161757,11141.622.92$28,078
Jun 20161636,78745.352.69$25,621
May 20161906,75742.521.99$21,532
Apr 20161786,57236.561.99$19,593
Mar 20162106,38533.011.79$18,387
Feb 20162095,57826.472.06$17,043
Jan 20161755,71327.352.36$18,294
Dec 20151264,30732.362.00$12,697
Nov 20151170338.792.17$1,950
Oct 201546043.552.43$2,003
Sep 201524116,33142.992.76$55,408
Aug 201555443,56940.162.87$147,400
Jul 201538245,34948.152.95$151,950
Jun 201540440,53556.152.88$139,541
May 201565646,98855.212.96$175,088
Apr 201551248,56649.822.71$156,955
Mar 201562353,24142.892.93$182,967
Feb 201545651,13144.662.98$172,541
Jan 201561960,08243.433.10$213,175
Dec 201494165,92254.693.59$288,213
Nov 20141,02469,61370.464.25$368,134
Oct 20141,57573,98178.303.90$411,919
Sep 20141,06044,78186.164.05$272,488
Aug 2014104189.394.04$9,301
Jul 201471038,25296.564.18$228,436
Jun 20141,65071,69098.164.74$501,551
May 20141,88378,72194.734.73$550,456
Apr 20141,99781,64895.944.81$584,247
Mar 20142,30692,84795.895.06$690,631
Feb 20142,14972,69197.406.19$659,415
Jan 20142,93659,72090.404.86$555,697
Dec 20132,00859,74191.824.35$444,516
Nov 20133,369100,79188.853.74$676,121
Oct 20134,362114,07797.423.78$856,084
Sep 20134,729119,713104.113.72$937,398
Aug 20134,949149,154104.253.52$1,041,345
Jul 20135,212159,972102.523.72$1,129,069
Jun 20132,392110,96694.403.93$662,280

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.

May 2024 — as filed, then multipliedworked
Condensate             3 bbl  × $ 78.81 =       $236
Gas                  144 Mcf  × $  2.20 =       $317

────────────────────────────────────────────────────
Month total                                     $553

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/271818 is the state's own key, not one this site invented.