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 271947District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$13.7 M
Jun 2013 – May 2026
Value, last 12 filed months
$108 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
CondensateDisposition50,853 bbl$4,044,882
GasProduction2,727,722 Mcf$9,637,732
Total$13,682,614

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 20262356,01898.932.87$40,519
Mar 2026888,24889.753.15$33,875
Feb 202609,04963.503.75$33,937
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 2024255,79584.451.66$11,726
Mar 2024726,55980.301.55$15,916
Feb 20241317,08876.091.78$22,610
Jan 2024986,76973.023.30$29,478
Dec 2023816,75871.262.61$23,415
Nov 2023816,95477.892.81$25,833
Oct 2023787,72185.443.09$30,501
Sep 2023757,20389.042.74$26,378
Aug 2023658,24780.522.67$27,277
Jul 20231478,72274.852.64$34,045
Jun 20231637,72968.962.26$28,696
May 20231968,38470.622.23$32,516
Apr 20232058,44178.122.24$34,904
Mar 20231149,28972.852.39$30,535
Feb 20231439,70475.112.47$34,668
Jan 20231529,12776.533.39$42,552
Dec 20221108,92876.415.73$59,554
Nov 2022516,26885.005.65$39,725
Oct 202212012,31187.185.86$82,650
Sep 202213116,86484.888.16$148,792
Aug 202213411,49394.529.13$117,564
Jul 2022212,483101.587.54$20,860
Jun 2022491,869115.097.98$20,549
May 2022161,445109.378.43$13,936
Apr 2022131,023104.226.84$8,350
Mar 202210871108.885.08$5,510
Feb 2022383,13591.054.86$18,692
Jan 2022624,21981.844.54$24,219
Dec 2021463,98071.323.90$18,799
Nov 2021393,55777.435.24$21,647
Oct 2021264,13579.795.71$25,701
Sep 2021344,52469.865.35$26,583
Aug 2021334,41266.024.22$20,800
Jul 2021536,04470.783.98$27,819
Jun 2021707,56269.493.38$30,429
May 2021808,42263.483.02$30,493
Apr 2021857,95760.362.76$27,079
Mar 2021868,51461.302.72$28,404
Feb 2021587,77657.805.55$46,493
Jan 2021938,93450.412.81$29,795
Dec 20207810,10144.642.68$30,507
Nov 2020759,26138.772.71$27,973
Oct 2020827,19636.972.48$20,866
Sep 2020888,21137.091.99$19,612
Aug 202010310,59239.982.39$29,381
Jul 202010310,62838.371.83$23,349
Jun 2020999,35634.901.69$19,270
May 20206611,45816.921.81$21,910
Apr 202010412,25314.751.80$23,643
Mar 202012412,22030.341.86$26,445
Feb 2020957,89649.881.98$20,378
Jan 20201438,74057.252.09$26,495
Dec 20191508,68559.012.30$28,865
Nov 20191098,19755.302.75$28,575
Oct 201913010,56853.472.42$32,510
Sep 2019989,17355.052.66$29,770
Aug 201912211,53353.112.30$33,056
Jul 201911210,91056.272.46$33,141
Jun 201915711,93552.782.49$38,019
May 201914011,34958.482.74$39,287
Apr 201916611,12062.632.75$40,984
Mar 201921612,73156.803.06$51,252
Feb 201918012,17850.852.79$43,157
Jan 201921711,34546.033.23$46,612
Dec 201824013,85946.594.19$69,188
Nov 201818111,97652.934.24$60,326
Oct 201819013,52461.443.40$57,629
Sep 201817513,23259.543.11$51,545
Aug 201818513,18059.403.07$51,406
Jul 201818614,06065.142.93$53,338
Jun 201819013,86360.183.08$54,090
May 201821714,59065.382.90$56,510
Apr 201827015,10263.842.90$61,045
Mar 201835116,65261.222.79$67,895
Feb 201829016,36061.782.77$63,170
Jan 201814810,02562.874.01$49,498
Dec 201725812,92457.272.92$52,533
Nov 20179313,37955.423.12$46,875
Oct 20174112,78249.292.98$40,158
Sep 2017415,07047.523.09$46,715
Aug 2017417,01345.373.00$51,295
Jul 20171117,20743.873.09$53,605
Jun 20175717,13842.493.09$55,332
May 201714617,48445.373.26$63,681
Apr 201711417,67947.933.21$62,242
Mar 20172318,48646.772.98$56,232
Feb 201713517,26150.452.95$57,776
Jan 201734118,83349.413.42$81,235
Dec 201638918,66848.763.72$88,465
Nov 201627017,77542.492.64$58,476
Oct 201624620,08246.193.09$73,421
Sep 20168819,94341.553.10$65,492
Aug 201618021,06641.442.92$69,063
Jul 201627721,65741.622.92$74,861
Jun 201634121,48645.352.69$73,172
May 201638522,95442.521.99$62,073
Apr 201637520,97336.561.99$55,468
Mar 201642523,77733.011.79$56,685
Feb 201645623,37126.472.06$60,299
Jan 201643123,66427.352.36$67,738
Dec 201537523,69932.362.00$59,566
Nov 201546122,51038.792.17$66,669
Oct 201537126,36243.552.43$80,127
Sep 201520121,97242.992.76$69,249
Aug 201511426,69140.162.87$81,248
Jul 201513828,06548.152.95$89,298
Jun 201520224,74156.152.88$82,667
May 201540529,08255.212.96$108,310
Apr 201548129,59949.822.71$104,075
Mar 201551033,06942.892.93$118,922
Feb 201547531,82044.662.98$115,916
Jan 201566136,87943.433.10$143,055
Dec 201479838,77254.693.59$182,887
Nov 201477839,84570.464.25$224,232
Oct 20141,06845,68278.303.90$261,828
Sep 201489446,07386.164.05$263,413
Aug 201449421,83489.394.04$132,261
Jul 201447728,82696.564.18$166,540
Jun 20141,03350,52898.164.74$340,744
May 20141,21756,59594.734.73$382,786
Apr 20141,37460,13295.944.81$421,004
Mar 20141,29169,52995.895.06$475,388
Feb 20141,25158,28197.406.19$482,723
Jan 20142,06850,21390.404.86$431,019
Dec 20131,10441,93391.824.35$283,966
Nov 20132,17571,84388.853.74$461,818
Oct 20132,98485,21297.423.78$612,748
Sep 20133,47495,257104.113.72$715,819
Aug 20132,866125,256104.253.52$740,009
Jul 20134,485143,474102.523.72$993,201
Jun 20132,351104,68694.403.93$633,707

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           235 bbl  × $ 98.93 =    $23,249
Gas                6,018 Mcf  × $  2.87 =    $17,270

────────────────────────────────────────────────────
Month total                                  $40,519

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/271947 is the state's own key, not one this site invented.