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 271945District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$14.1 M
Jun 2013 – May 2026
Value, last 12 filed months
$287 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
CondensateDisposition49,991 bbl$3,861,724
GasProduction2,855,257 Mcf$10,227,538
Total$14,089,263

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 2026785,10098.932.87$22,352
Mar 2026905,56589.753.15$25,604
Feb 2026954,47563.503.75$22,815
Jan 20261035,25159.138.00$48,087
Dec 2025815,45756.664.41$28,673
Nov 2025825,30358.593.93$25,626
Oct 2025685,62559.383.30$22,628
Sep 2025694,99962.743.08$19,711
Aug 20251495,49063.933.01$26,077
Jul 2025725,04966.743.32$21,544
Jun 2025965,62566.483.13$23,981
May 20251345,77960.553.23$26,793
Apr 2025955,95962.363.54$27,038
Mar 20251275,71767.704.27$33,000
Feb 2025934,86270.884.34$27,697
Jan 20251195,92174.324.28$34,178
Dec 20241119,28368.993.12$36,634
Nov 202426769.052.20$285
Oct 202408571.372.28$194
Sep 20241069.612.36$70
Aug 2024675275.632.06$2,006
Jul 202406179.932.15$131
Jun 20240078.082.63$0
May 202405578.812.20$121
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 202421073.023.30$179
Dec 2023273,14271.262.61$10,127
Nov 2023161,99377.892.81$6,842
Oct 202391,70685.443.09$6,036
Sep 2023213,72389.042.74$12,052
Aug 2023488,27780.522.67$25,988
Jul 2023619,27274.852.64$29,061
Jun 2023549,13968.962.26$24,364
May 2023839,66870.622.23$27,396
Apr 2023879,42178.122.24$27,878
Mar 202310310,65672.852.39$33,005
Feb 2023949,35975.112.47$30,137
Jan 2023928,05076.533.39$34,312
Dec 2022938,52876.415.73$55,964
Nov 2022394,67485.005.65$29,705
Oct 2022759,31387.185.86$61,148
Sep 2022739,70784.888.16$85,441
Aug 20227810,48494.529.13$103,062
Jul 20227510,654101.587.54$87,972
Jun 20228211,697115.097.98$102,747
May 202211414,484109.378.43$134,612
Apr 20228310,082104.226.84$77,587
Mar 2022889,632108.885.08$58,477
Feb 2022657,04091.054.86$40,124
Jan 2022473,38181.844.54$19,188
Dec 2021646,22371.323.90$28,829
Nov 2021778,26677.435.24$49,250
Oct 2021779,70979.795.71$61,620
Sep 2021618,30069.865.35$48,674
Aug 2021313,94466.024.22$18,693
Jul 20219110,18870.783.98$47,010
Jun 2021949,85369.493.38$39,841
May 202111210,88563.483.02$39,957
Apr 20211129,79160.362.76$33,768
Mar 202113711,87761.302.72$40,667
Feb 2021877,57757.805.55$47,065
Jan 202113811,05750.412.81$38,030
Dec 202012611,25044.642.68$35,724
Nov 202013111,31038.772.71$35,690
Oct 202011310,79936.972.48$30,942
Sep 20209910,57237.091.99$24,721
Aug 202010011,08339.982.39$30,432
Jul 20209511,16938.371.83$24,030
Jun 20207410,84734.901.69$20,917
May 20206211,01216.921.81$21,033
Apr 20209411,04014.751.80$21,307
Mar 20208511,94330.341.86$24,748
Feb 2020012,12149.881.98$24,008
Jan 2020011,21157.252.09$23,484
Dec 2019011,95259.012.30$27,542
Nov 2019411,06055.302.75$30,644
Oct 20193510,83253.472.42$28,069
Sep 2019810,80355.052.66$29,147
Aug 20194511,75653.112.30$29,480
Jul 20199510,05456.272.46$30,079
Jun 201913711,99452.782.49$37,110
May 201913212,45958.482.74$41,861
Apr 201915812,26062.632.75$43,619
Mar 201920012,99756.803.06$51,158
Feb 201917211,97250.852.79$42,175
Jan 201921913,45946.033.23$53,529
Dec 201821513,49246.594.19$66,487
Nov 201817513,35952.934.24$65,868
Oct 201817414,14061.443.40$58,739
Sep 201815714,06159.543.11$53,049
Aug 201818014,99659.403.07$56,678
Jul 201817115,26365.142.93$55,888
Jun 201817514,04060.183.08$53,731
May 201819215,09465.382.90$56,338
Apr 201821015,52863.842.90$58,450
Mar 201827617,66761.222.79$66,132
Feb 201824118,60061.782.77$66,339
Jan 20181797,85862.874.01$42,759
Dec 201725214,14957.272.92$55,769
Nov 201727017,24455.423.12$68,736
Oct 201724015,35049.292.98$57,629
Sep 201723216,23047.523.09$61,131
Aug 201721217,31045.373.00$61,625
Jul 201725217,39443.873.09$64,755
Jun 201719917,25542.493.09$61,727
May 201724318,54445.373.26$71,541
Apr 201727818,17147.933.21$71,683
Mar 201727618,22446.772.98$67,283
Feb 201726317,30450.452.95$64,360
Jan 201729919,41749.413.42$81,156
Dec 201634119,87348.763.72$90,611
Nov 201625019,78842.492.64$62,949
Oct 201628420,84546.193.09$77,534
Sep 201626320,79841.553.10$75,415
Aug 201630421,68441.442.92$76,009
Jul 201629222,33041.622.92$77,454
Jun 201628920,84645.352.69$69,095
May 201631823,33742.521.99$59,986
Apr 201629720,76236.561.99$52,196
Mar 201634625,07233.011.79$56,401
Feb 201641124,64526.472.06$61,737
Jan 201637825,58427.352.36$70,828
Dec 201530925,74532.362.00$61,526
Nov 201539624,42938.792.17$68,307
Oct 201535827,76143.552.43$82,955
Sep 201528223,71742.992.76$77,545
Aug 201538928,65740.162.87$97,939
Jul 201542729,55548.152.95$107,602
Jun 201532226,01656.152.88$93,081
May 201542330,25055.212.96$112,756
Apr 201547931,16349.822.71$108,209
Mar 201551733,91542.892.93$121,705
Feb 201548032,47844.662.98$118,098
Jan 201565837,63943.433.10$145,282
Dec 201485440,11454.693.59$190,769
Nov 201469041,24570.464.25$223,985
Oct 201494944,35678.303.90$247,338
Sep 201479948,55886.164.05$265,280
Aug 201447423,64989.394.04$137,797
Jul 201439228,79796.564.18$158,211
Jun 201484948,66998.164.74$313,877
May 20141,02054,26094.734.73$353,088
Apr 20141,08652,98195.944.81$358,983
Mar 20141,21165,54795.895.06$447,581
Feb 20141,23756,21697.406.19$468,573
Jan 20142,03050,84190.404.86$430,636
Dec 20131,00041,37891.824.35$272,000
Nov 20131,92773,71088.853.74$446,763
Oct 20132,43984,99997.423.78$558,849
Sep 20132,70286,621104.113.72$603,340
Aug 20133,363109,618104.253.52$736,734
Jul 20134,119124,286102.523.72$884,343
Jun 20132,131107,63694.403.93$624,543

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            78 bbl  × $ 98.93 =     $7,717
Gas                5,100 Mcf  × $  2.87 =    $14,636

────────────────────────────────────────────────────
Month total                                  $22,352

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/271945 is the state's own key, not one this site invented.