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 273232District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$10.1 M
Feb 2014 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
148
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
CondensateDisposition41,391 bbl$3,017,066
GasProduction1,863,669 Mcf$7,033,142
Total$10,050,208

Every month this lease reported (148)

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

148 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 202502760.553.23$87
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 202501570.884.34$65
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 2024037478.812.20$822
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 2023010485.443.09$321
Sep 2023051289.042.74$1,400
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 2023744170.622.23$1,477
Apr 2023645,10378.122.24$16,419
Mar 2023766,20972.852.39$20,396
Feb 2023695,56675.112.47$18,907
Jan 2023394,86276.533.39$19,456
Dec 2022534,50176.415.73$29,836
Nov 2022524,68385.005.65$30,861
Oct 20221009,34687.185.86$63,521
Sep 2022868,23584.888.16$74,528
Aug 202210510,66294.529.13$107,238
Jul 2022859,135101.587.54$77,531
Jun 2022727,054115.097.98$64,558
May 2022454,051109.378.43$39,084
Apr 2022464,118104.226.84$32,951
Mar 2022945,870108.885.08$40,033
Feb 20221294,88991.054.86$35,500
Jan 20221735,56281.844.54$39,397
Dec 20211005,32071.323.90$27,875
Nov 2021845,31777.435.24$34,348
Oct 2021706,00579.795.71$39,897
Sep 2021485,38069.865.35$32,141
Aug 2021705,60366.024.22$28,269
Jul 2021735,73370.783.98$27,996
Jun 2021735,39969.493.38$23,325
May 2021845,85663.483.02$23,004
Apr 2021895,67860.362.76$21,034
Mar 20211436,74861.302.72$27,100
Feb 20212055,54057.805.55$42,585
Jan 20211086,11450.412.81$22,626
Dec 2020986,14344.642.68$20,810
Nov 2020926,14038.772.71$20,185
Oct 2020956,43836.972.48$19,468
Sep 2020846,34237.091.99$15,743
Aug 2020896,51539.982.39$19,097
Jul 2020886,82538.371.83$15,833
Jun 20201026,40134.901.69$14,379
May 2020826,73316.921.81$13,606
Apr 20201596,67514.751.80$14,389
Mar 2020487,21730.341.86$14,853
Feb 2020317,03849.881.98$15,486
Jan 2020696,96257.252.09$18,534
Dec 2019716,84959.012.30$19,972
Nov 2019696,87555.302.75$22,727
Oct 2019676,81053.472.42$20,053
Sep 2019636,85655.052.66$21,686
Aug 2019787,22953.112.30$20,801
Jul 2019677,14256.272.46$21,340
Jun 2019837,13352.782.49$22,150
May 2019847,56758.482.74$25,648
Apr 2019957,92062.632.75$27,735
Mar 2019935,90656.803.06$23,367
Feb 2019966,55950.852.79$23,196
Jan 20191467,34546.033.23$30,431
Dec 20181667,66146.594.19$39,799
Nov 20181407,25352.934.24$38,143
Oct 20181407,69861.443.40$34,760
Sep 20181247,61159.543.11$31,038
Aug 20181157,68559.403.07$30,398
Jul 2018956,62665.142.93$25,615
Jun 20181107,61660.183.08$30,054
May 20181018,23465.382.90$30,489
Apr 201812610,41763.842.90$38,261
Mar 201818810,77761.222.79$41,543
Feb 201816810,01161.782.77$38,071
Jan 201822113,51562.874.01$68,080
Dec 201721310,39957.272.92$42,579
Nov 20171758,34355.423.12$35,715
Oct 201718111,34449.292.98$42,768
Sep 20171358,37647.523.09$32,274
Aug 201715912,21645.373.00$43,916
Jul 201719211,48943.873.09$43,893
Jun 201715211,83842.493.09$43,006
May 201718212,45945.373.26$48,916
Apr 201721112,60847.933.21$50,605
Mar 201722813,33146.772.98$50,439
Feb 201721312,11850.452.95$46,525
Jan 201724313,86349.413.42$59,401
Dec 201629814,66648.763.72$69,130
Nov 201624015,45242.492.64$51,058
Oct 201623617,40346.193.09$64,681
Sep 201625917,73941.553.10$65,764
Aug 20162026,74241.442.92$28,087
Jul 201630515,63841.622.92$58,425
Jun 201623813,66145.352.69$47,484
May 201627013,84442.521.99$39,044
Apr 201630013,78036.561.99$38,405
Mar 201632815,19533.011.79$38,087
Feb 201637114,32526.472.06$39,382
Jan 201636918,00627.352.36$52,665
Dec 201530418,37632.362.00$46,615
Nov 201538518,15338.792.17$54,278
Oct 201539321,71743.552.43$69,813
Sep 201532721,82942.992.76$74,271
Aug 201540924,48640.162.87$86,761
Jul 201548726,29148.152.95$100,878
Jun 201549528,28056.152.88$109,322
May 201557730,87855.212.96$123,115
Apr 201562632,16949.822.71$118,255
Mar 201571737,51542.892.93$140,848
Feb 201559033,94844.662.98$127,385
Jan 201596150,57343.433.10$198,544
Dec 20141,28560,27354.693.59$286,739
Nov 20141,12355,98770.464.25$317,174
Oct 20141,66270,65778.303.90$405,765
Sep 20141,62261,34986.164.05$387,935
Aug 2014188189.394.04$16,809
Jul 20141,33252,44496.564.18$347,813
Jun 20142,29171,50998.164.74$563,614
May 20143,05784,18094.734.73$687,471
Apr 20143,871102,42495.944.81$863,953
Mar 20144,562123,02895.895.06$1,059,578
Feb 20142,24284,03197.406.19$738,691

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.

May 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 60.55 =         $0
Gas                   27 Mcf  × $  3.23 =        $87

────────────────────────────────────────────────────
Month total                                      $87

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/273232 is the state's own key, not one this site invented.