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 271824District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$19.3 M
Jun 2013 – May 2026
Value, last 12 filed months
$117 k
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
CondensateDisposition80,429 bbl$6,414,849
GasProduction3,690,601 Mcf$12,838,778
Total$19,253,627

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 2026514,86098.932.87$43,139
Mar 20262916,48089.753.15$54,506
Feb 202605,07363.503.75$19,025
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 20240078.812.20$0
Apr 20240084.451.66$0
Mar 2024054780.301.55$845
Feb 2024071676.091.78$1,277
Jan 2024783873.023.30$3,275
Dec 2023275271.262.61$2,106
Nov 2023275677.892.81$2,278
Oct 2023370885.443.09$2,442
Sep 2023576889.042.74$2,546
Aug 2023085580.522.67$2,285
Jul 2023075574.852.64$1,995
Jun 2023080268.962.26$1,811
May 2023088670.622.23$1,973
Apr 2023193678.122.24$2,173
Mar 2023155472.852.39$1,399
Feb 202361,00575.112.47$2,929
Jan 2023261,44776.533.39$6,892
Dec 202221,07676.415.73$6,317
Nov 2022592185.005.65$5,625
Oct 202251,31787.185.86$8,158
Sep 202201,28584.888.16$10,490
Aug 202251,37694.529.13$13,032
Jul 202261,463101.587.54$11,644
Jun 202241,305115.097.98$10,871
May 202261,517109.378.43$13,449
Apr 202231,547104.226.84$10,890
Mar 202221,459108.885.08$7,624
Feb 202231,45391.054.86$7,333
Jan 2022171,89381.844.54$9,981
Dec 2021222,44271.323.90$11,091
Nov 2021344,54377.435.24$26,424
Oct 2021125,23279.795.71$30,852
Sep 202105,24669.865.35$28,071
Aug 202145,25966.024.22$22,460
Jul 2021514,99470.783.98$23,496
Jun 2021394,60969.493.38$18,291
May 2021325,15763.483.02$17,593
Apr 2021254,27060.362.76$13,287
Mar 2021777,45261.302.72$24,967
Feb 2021778,15857.805.55$49,711
Jan 202111811,57850.412.81$38,486
Dec 20209511,66844.642.68$35,458
Nov 20208312,68338.772.71$37,545
Oct 202010612,76136.972.48$35,546
Sep 202011212,99937.091.99$30,036
Aug 20209813,83539.982.39$36,916
Jul 20208413,90338.371.83$28,598
Jun 20208910,21534.901.69$20,373
May 20207113,74716.921.81$26,149
Apr 202010713,85714.751.80$26,582
Mar 202014614,87730.341.86$32,045
Feb 202015514,45849.881.98$36,368
Jan 202021614,61657.252.09$42,983
Dec 201930215,19559.012.30$52,836
Nov 201928816,45555.302.75$61,189
Oct 2019812,89453.472.42$11,330
Sep 2019342,36855.052.66$8,164
Aug 201914312,45453.112.30$36,293
Jul 201917815,52656.272.46$48,211
Jun 201912115,75952.782.49$45,645
May 20195715,00758.482.74$44,457
Apr 20197515,93462.632.75$48,527
Mar 201924817,17456.803.06$66,675
Feb 201917515,77450.852.79$52,943
Jan 201922917,90946.033.23$68,354
Dec 201828218,78746.594.19$91,770
Nov 201822918,23852.934.24$89,400
Oct 201817519,27561.443.40$76,250
Sep 201811019,39659.543.11$66,832
Aug 201814320,52459.403.07$71,432
Jul 201823119,52365.142.93$72,286
Jun 201827319,42960.183.08$76,211
May 201828521,57865.382.90$81,227
Apr 201830220,82063.842.90$79,674
Mar 201836422,26261.222.79$84,325
Feb 201832820,59961.782.77$77,243
Jan 201845723,02462.874.01$121,042
Dec 201740324,14457.272.92$93,617
Nov 201734720,54455.423.12$83,294
Oct 201734424,75549.292.98$90,817
Sep 201733424,42947.523.09$91,291
Aug 201731026,29645.373.00$93,068
Jul 201738126,49443.873.09$98,509
Jun 201729226,52442.493.09$94,294
May 201735428,09545.373.26$107,746
Apr 201739928,03347.933.21$109,155
Mar 201743729,64846.772.98$108,899
Feb 201741027,03850.452.95$100,517
Jan 201745130,70249.413.42$127,248
Dec 201652331,40548.763.72$142,417
Nov 201638631,57742.492.64$99,902
Oct 201643634,24746.193.09$125,971
Sep 201640135,15741.553.10$125,670
Aug 201646135,10341.442.92$121,757
Jul 201646537,24841.622.92$128,279
Jun 201649437,64045.352.69$123,498
May 201657139,76942.521.99$103,461
Apr 201656240,15136.561.99$100,489
Mar 201662242,16933.011.79$96,184
Feb 201663340,26726.472.06$99,852
Jan 201666645,16727.352.36$125,006
Dec 201557145,99932.362.00$110,540
Nov 201577046,24238.792.17$130,090
Oct 201574250,41843.552.43$154,657
Sep 201562644,84142.992.76$150,602
Aug 201589555,75040.162.87$196,085
Jul 20151,02751,90048.152.95$202,300
Jun 201581554,62856.152.88$203,247
May 20151,06957,93255.212.96$230,235
Apr 20151,17660,56149.822.71$222,501
Mar 20151,31667,58842.892.93$254,794
Feb 20151,16364,64144.662.98$244,323
Jan 201531914,27843.433.10$58,125
Dec 20140054.693.59$0
Nov 201420070.464.25$1,409
Oct 20146078.303.90$470
Sep 201429186.164.05$2,503
Aug 201415819189.394.04$14,894
Jul 20141,24162,41596.564.18$380,701
Jun 20142,30792,75998.164.74$665,843
May 20142,73097,77494.734.73$720,748
Apr 20142,947100,30695.944.81$765,119
Mar 20143,289111,74995.895.06$880,475
Feb 20143,013102,25197.406.19$926,604
Jan 20144,004123,22590.404.86$960,924
Dec 20133,958133,63591.824.35$945,334
Nov 20134,593137,60688.853.74$922,498
Oct 20135,573149,81397.423.78$1,109,119
Sep 20136,027155,767104.113.72$1,206,572
Aug 20136,309167,078104.253.52$1,246,264
Jul 20135,946164,772102.523.72$1,222,163
Jun 2013010,06694.403.93$39,594

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             5 bbl  × $ 98.93 =       $495
Gas               14,860 Mcf  × $  2.87 =    $42,644

────────────────────────────────────────────────────
Month total                                  $43,139

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/271824 is the state's own key, not one this site invented.