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 272016District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$13.2 M
May 2013 – May 2026
Value, last 12 filed months
$233 k
at the published price for each month
Months reported
157
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
CondensateDisposition34,603 bbl$2,712,497
GasProduction2,979,662 Mcf$10,465,234
Total$13,177,731

Every month this lease reported (157)

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

157 months

May 202600106.413.05$0
Apr 202645,20698.932.87$15,335
Mar 202634,90589.753.15$15,717
Feb 202624,96863.503.75$18,759
Jan 202635,72159.138.00$45,933
Dec 202505,85956.664.41$25,858
Nov 202505,71958.593.93$22,455
Oct 202506,15959.383.30$20,355
Sep 202505,98562.743.08$18,415
Aug 202506,10963.933.01$18,417
Jul 202515,26866.743.32$17,531
Jun 202524,64766.483.13$14,672
May 202535,76960.553.23$18,829
Apr 202505,20062.363.54$18,424
Mar 202516,29167.704.27$26,920
Feb 202505,48770.884.34$23,818
Jan 202525,57874.324.28$24,015
Dec 202445,59468.993.12$17,737
Nov 202423,18969.052.20$7,149
Oct 2024125,97371.372.28$14,483
Sep 202454,96269.612.36$12,080
Aug 2024125,92275.632.06$13,128
Jul 20241275,31479.932.15$21,558
Jun 2024445,98778.082.63$19,205
May 202456,05878.812.20$13,712
Apr 202456,14584.451.66$10,618
Mar 202466,47680.301.55$10,488
Feb 202415,81476.091.78$10,446
Jan 2024106,44773.023.30$21,990
Dec 2023186,64771.262.61$18,636
Nov 202365,51577.892.81$15,951
Oct 2023186,66685.443.09$22,118
Sep 2023216,81789.042.74$20,515
Aug 2023117,95780.522.67$22,154
Jul 202383,72174.852.64$10,429
Jun 202372,71868.962.26$6,621
May 2023239,04870.622.23$21,778
Apr 202392,54678.122.24$6,400
Mar 2023206,85172.852.39$17,853
Feb 202306,28875.112.47$15,504
Jan 202317,73976.533.39$26,294
Dec 2022125,41576.415.73$31,940
Nov 202222,46885.005.65$14,105
Oct 2022105,77687.185.86$34,741
Sep 2022316,34884.888.16$54,454
Aug 2022236,87894.529.13$64,951
Jul 2022185,835101.587.54$45,836
Jun 2022537,283115.097.98$64,198
May 20222449,635109.378.43$107,939
Apr 2022627,595104.226.84$58,393
Mar 20223418108.885.08$3,793
Feb 20222195,31191.054.86$45,745
Jan 20221071,70981.844.54$16,512
Dec 20210471.323.90$16
Nov 20211077.435.24$77
Oct 2021988679.795.71$5,781
Sep 2021378,12969.865.35$46,082
Aug 2021468,51766.024.22$38,984
Jul 2021328,24170.783.98$35,081
Jun 2021510,30569.493.38$35,185
May 202188,07363.483.02$24,869
Apr 2021108,75960.362.76$24,765
Mar 20211010,02461.302.72$27,848
Feb 2021108,68457.805.55$48,756
Jan 2021610,52550.412.81$29,881
Dec 2020109,94144.642.68$27,043
Nov 2020910,39338.772.71$28,478
Oct 20201110,48736.972.48$26,398
Sep 20201210,33737.091.99$21,026
Aug 20202711,40939.982.39$28,291
Jul 20204810,96938.371.83$21,862
Jun 20204111,17134.901.69$20,313
May 20205012,21416.921.81$23,011
Apr 20208513,79314.751.80$26,142
Mar 2020889,62730.341.86$20,540
Feb 2020757,49049.881.98$18,576
Jan 20209611,48857.252.09$29,560
Dec 20198711,14359.012.30$30,811
Nov 20198210,35855.302.75$33,026
Oct 20199412,66853.472.42$35,664
Sep 20197211,13555.052.66$33,552
Aug 20196312,57353.112.30$32,319
Jul 2019912,25956.272.46$30,664
Jun 201919912,61852.782.49$41,937
May 201949811,51258.482.74$60,670
Apr 201911012,32962.632.75$40,803
Mar 201913313,05556.803.06$47,530
Feb 201911712,06350.852.79$39,632
Jan 201915113,59846.033.23$50,847
Dec 201814713,70346.594.19$64,202
Nov 201811813,34252.934.24$62,779
Oct 201813314,14261.443.40$56,227
Sep 201816213,89559.543.11$52,831
Aug 201818714,78459.403.07$56,444
Jul 201817114,42065.142.93$53,417
Jun 201815414,07860.183.08$52,585
May 201813314,88465.382.90$51,871
Apr 201813914,85563.842.90$51,965
Mar 201816515,70061.222.79$53,855
Feb 201825914,53861.782.77$56,215
Jan 201862016,29162.874.01$104,295
Dec 201716916,70557.272.92$58,483
Nov 201715416,56255.423.12$60,181
Oct 201713417,86049.292.98$59,893
Sep 201711815,76347.523.09$54,272
Aug 201712418,77545.373.00$62,033
Jul 201715717,77043.873.09$61,749
Jun 201712219,08542.493.09$64,105
May 201715220,35645.373.26$73,326
Apr 201719621,97447.933.21$79,966
Mar 201723131,43946.772.98$104,608
Feb 201706,75550.452.95$19,945
Jan 201727049.413.42$1,334
Dec 201616117,63548.763.72$73,502
Nov 201614420,23742.492.64$59,632
Oct 201616422,14746.193.09$76,015
Sep 201614821,61041.553.10$73,154
Aug 201618022,97641.442.92$74,649
Jul 201619425,72241.622.92$83,294
Jun 201620827,33745.352.69$82,855
May 201615617,98742.521.99$42,446
Apr 201619024,56436.561.99$55,854
Mar 201621327,53433.011.79$56,427
Feb 201625524,73826.472.06$57,800
Jan 201623626,23927.352.36$68,493
Dec 201520028,23232.362.00$62,976
Nov 201526428,57038.792.17$72,161
Oct 201525131,48243.552.43$87,325
Sep 201521031,60342.992.76$96,202
Aug 201529934,01640.162.87$109,718
Jul 201535034,91348.152.95$119,674
Jun 201525826,36956.152.88$90,505
May 201532031,07755.212.96$109,514
Apr 201534933,29049.822.71$107,489
Mar 201528122,67042.892.93$78,582
Feb 201532333,95944.662.98$115,494
Jan 201547340,86143.433.10$147,237
Dec 201454135,30654.693.59$156,384
Nov 201457440,53470.464.25$212,788
Oct 201448242,51678.303.90$203,594
Sep 201443744,19786.164.05$216,448
Aug 201450149,70289.394.04$245,338
Jul 201448850,59496.564.18$258,584
Jun 201471050,95798.164.74$311,071
May 201482752,67394.734.73$327,304
Apr 201490655,95995.944.81$356,035
Mar 20141,03359,91395.895.06$402,022
Feb 201464034,57597.406.19$276,424
Jan 20141,11053,89090.404.86$362,288
Dec 20131,03658,10891.824.35$348,156
Nov 20131,07361,50088.853.74$325,240
Oct 20131,27977,92597.423.78$419,107
Sep 20131,48079,419104.113.72$449,342
Aug 20132,36295,029104.253.52$580,989
Jul 20131,81999,275102.523.72$555,563
Jun 20131,568115,51294.403.93$602,375
May 20132,386138,32194.834.15$800,169

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             4 bbl  × $ 98.93 =       $396
Gas                5,206 Mcf  × $  2.87 =    $14,940

────────────────────────────────────────────────────
Month total                                  $15,335

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/272016 is the state's own key, not one this site invented.