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 271944District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$14.9 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
CondensateDisposition58,069 bbl$4,329,316
GasProduction2,989,354 Mcf$10,598,993
Total$14,928,309

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 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20202030.341.86$61
Feb 20202668949.881.98$2,662
Jan 20201031,87457.252.09$9,822
Dec 2019571,34059.012.30$6,451
Nov 2019161,83655.302.75$5,935
Oct 20194997953.472.42$4,988
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 201908556.272.46$209
Jun 20190052.782.49$0
May 201944,59258.482.74$12,817
Apr 2019174,29062.632.75$12,865
Mar 20190056.803.06$0
Feb 201935050.852.79$1,780
Jan 201918611,92846.033.23$47,067
Dec 201822513,99246.594.19$69,045
Nov 201819511,72752.934.24$60,011
Oct 201821112,69461.443.40$56,099
Sep 201822912,33159.543.11$51,959
Aug 201826711,94959.403.07$52,502
Jul 2018888,72365.142.93$31,307
Jun 2018985,69260.183.08$23,411
May 201820515,52765.382.90$58,444
Apr 201822215,32063.842.90$58,613
Mar 201825815,86661.222.79$60,011
Feb 201822414,80961.782.77$54,802
Jan 201828816,76062.874.01$85,303
Dec 201726317,61057.272.92$66,510
Nov 201728317,63555.423.12$70,676
Oct 201730418,07349.292.98$68,908
Sep 201729017,41947.523.09$67,558
Aug 201727018,32945.373.00$67,318
Jul 201731518,53143.873.09$71,029
Jun 201724118,36842.493.09$66,947
May 201729519,44245.373.26$76,831
Apr 201734219,57247.933.21$79,250
Mar 201737520,77946.772.98$79,537
Feb 201736320,15450.452.95$77,820
Jan 201737421,76849.413.42$92,900
Dec 201639323,20848.763.72$105,562
Nov 201632524,48342.492.64$78,551
Oct 201640530,56146.193.09$113,148
Sep 20161227,03241.553.10$26,873
Aug 201647041.442.92$1,948
Jul 201624824,16341.622.92$80,983
Jun 201636039,11245.352.69$121,374
May 201645440,76842.521.99$100,475
Apr 201647838,99436.561.99$95,114
Mar 201654640,64833.011.79$90,946
Feb 201662538,96826.472.06$96,959
Jan 201664742,15027.352.36$117,353
Dec 201554443,54332.362.00$104,751
Nov 201571043,78638.792.17$122,440
Oct 201569347,58043.552.43$145,637
Sep 201561547,93042.992.76$158,650
Aug 201578852,93540.162.87$183,701
Jul 201597054,55648.152.95$207,377
Jun 20151,03055,14956.152.88$216,821
May 20151,33657,81855.212.96$244,639
Apr 201584434,09449.822.71$134,326
Mar 20151,21347,80042.892.93$192,305
Feb 20151,07745,28344.662.98$182,870
Jan 20151,33250,34043.433.10$213,934
Dec 20141,52954,26054.693.59$278,488
Nov 20141,39456,67170.464.25$339,177
Oct 20141,96066,78978.303.90$414,009
Sep 201480233,69486.164.05$205,407
Aug 20141,39262,11889.394.04$375,084
Jul 20141,48365,28296.564.18$416,051
Jun 20141,45566,91298.164.74$459,777
May 20141,99572,86594.734.73$533,387
Apr 20142,21977,24095.944.81$584,347
Mar 20142,86883,30195.895.06$696,249
Feb 20141,38144,32897.406.19$408,988
Jan 20142,08791,64190.404.86$634,106
Dec 20131,91499,91891.824.35$610,834
Nov 20132,358109,09288.853.74$617,325
Oct 20131,302101,20197.423.78$509,316
Sep 20131,646128,789104.113.72$650,169
Aug 20132,620134,716104.253.52$747,687
Jul 20133,741148,225102.523.72$934,589
Jun 20131,401150,72894.403.93$725,129

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.

Mar 2020 — as filed, then multipliedworked
Condensate             2 bbl  × $ 30.34 =        $61
Gas                    0 Mcf  × $  1.86 =         $0

────────────────────────────────────────────────────
Month total                                      $61

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/271944 is the state's own key, not one this site invented.