GALVAN RANCH LP

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 273836District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$8.8 M
Apr 2014 – May 2026
Value, last 12 filed months
$102 k
at the published price for each month
Months reported
146
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
CondensateDisposition40,137 bbl$2,537,245
GasProduction1,851,622 Mcf$6,216,747
Total$8,753,992

Every month this lease reported (146)

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

146 months

May 202600106.413.05$0
Apr 202612012,77598.932.87$48,532
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 20259059.383.30$534
Sep 202517112,07062.743.08$47,867
Aug 202501,67263.933.01$5,041
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 20244084.451.66$338
Mar 2024644,14180.301.55$11,538
Feb 2024455,22776.091.78$12,747
Jan 2024485,39473.023.30$21,293
Dec 20231327,50371.262.61$28,995
Nov 20231116,73977.892.81$27,566
Oct 20231017,34685.443.09$31,309
Sep 20231058,05589.042.74$31,380
Aug 20231078,33080.522.67$30,881
Jul 202314110,16674.852.64$37,410
Jun 20231088,92768.962.26$27,609
May 202321215,83770.622.23$50,247
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20237075.112.47$526
Jan 2023935,56176.533.39$25,956
Dec 20221346,87176.415.73$49,603
Nov 20221157,66285.005.65$53,036
Oct 202220113,88387.185.86$98,930
Sep 20223084.888.16$255
Aug 2022432,68194.529.13$28,534
Jul 2022866,594101.587.54$58,468
Jun 20221006,829115.097.98$65,985
May 2022815,325109.378.43$53,765
Apr 2022754,920104.226.84$41,457
Mar 20221156,706108.885.08$46,564
Feb 2022966,22491.054.86$38,982
Jan 20221236,04581.844.54$37,497
Dec 20211267,95071.323.90$39,984
Nov 20211287,70377.435.24$50,251
Oct 20211157,81979.795.71$53,853
Sep 20211027,15169.865.35$45,390
Aug 20211077,56866.024.22$39,006
Jul 20211047,82570.783.98$38,521
Jun 2021917,69769.493.38$32,344
May 20211177,81363.483.02$31,004
Apr 20211257,75060.362.76$28,923
Mar 20211488,85161.302.72$33,120
Feb 2021996,08257.805.55$39,465
Jan 20211608,50050.412.81$31,953
Dec 20201418,39844.642.68$28,763
Nov 20201398,28238.772.71$27,805
Oct 20201639,53636.972.48$29,660
Sep 2020916,50737.091.99$16,331
Aug 20201318,58939.982.39$25,723
Jul 20201288,81338.371.83$20,996
Jun 20201468,54334.901.69$19,536
May 20201079,28916.921.81$18,668
Apr 20201578,72314.751.80$18,055
Mar 20201739,35930.341.86$22,621
Feb 20201648,94549.881.98$25,897
Jan 20201779,48557.252.09$30,002
Dec 20191769,71559.012.30$32,773
Nov 20191649,66755.302.75$35,660
Oct 201916610,22053.472.42$33,594
Sep 201913510,08155.052.66$34,220
Aug 201913810,68953.112.30$31,960
Jul 201913010,92856.272.46$34,199
Jun 201917711,34452.782.49$37,602
May 201917813,75558.482.74$48,103
Apr 20191488,86462.632.75$33,651
Mar 20191578,74356.803.06$35,690
Feb 201960050.852.79$3,051
Jan 201929112,22946.033.23$52,872
Dec 201823910,61946.594.19$55,580
Nov 201818810,52252.934.24$54,535
Oct 201816310,98161.443.40$47,329
Sep 201810010,85759.543.11$39,698
Aug 20185010,77259.403.07$36,003
Jul 20186410,47265.142.93$34,872
Jun 20184996760.183.08$5,924
May 201819712,64465.382.90$49,558
Apr 201820212,97763.842.90$50,539
Mar 201828214,86861.222.79$58,699
Feb 201824613,81761.782.77$53,417
Jan 201832515,29962.874.01$81,771
Dec 201733215,79557.272.92$65,159
Nov 201730816,07855.423.12$67,206
Oct 201727816,70849.292.98$63,554
Sep 201725715,92547.523.09$61,378
Aug 201724617,15345.373.00$62,695
Jul 201730117,87043.873.09$68,375
Jun 201723817,91042.493.09$65,406
May 201729819,43045.373.26$76,928
Apr 201736619,40847.933.21$79,873
Mar 201743221,02646.772.98$82,940
Feb 201734916,03050.452.95$64,937
Jan 201742219,93649.413.42$89,008
Dec 201643718,38048.763.72$89,734
Nov 201633819,10842.492.64$64,890
Oct 201647123,09046.193.09$93,110
Sep 201651428,36541.553.10$109,306
Aug 201662041.442.92$2,569
Jul 201634415,86541.622.92$60,712
Jun 201653825,39245.352.69$92,597
May 201642418,11542.521.99$54,096
Apr 201646819,43736.561.99$55,810
Mar 201648221,74333.011.79$54,918
Feb 201649320,06726.472.06$54,461
Jan 201646822,22627.352.36$65,350
Dec 201543025,13432.362.00$64,218
Nov 201566222,76338.792.17$75,014
Oct 201561125,33143.552.43$88,077
Sep 201550925,22242.992.76$91,455
Aug 201563427,36540.162.87$104,067
Jul 201566825,95748.152.95$108,610
Jun 201565325,61256.152.88$110,502
May 201581929,18055.212.96$131,457
Apr 201564117,49249.822.71$79,278
Mar 201580127,65842.892.93$115,523
Feb 201588526,72344.662.98$119,057
Jan 201597232,88943.433.10$144,191
Dec 20141,01030,95454.693.59$166,404
Nov 201491533,74770.464.25$207,958
Oct 20141,19544,45678.303.90$266,990
Sep 201444012,87586.164.05$89,995
Aug 201499240,90889.394.04$253,744
Jul 20141,57187,57796.564.18$517,733
Jun 20142,16566,49098.164.74$527,472
May 20143,22678,61594.734.73$677,177
Apr 20141,55857,92695.944.81$428,048

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           120 bbl  × $ 98.93 =    $11,872
Gas               12,775 Mcf  × $  2.87 =    $36,661

────────────────────────────────────────────────────
Month total                                  $48,532

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/273836 is the state's own key, not one this site invented.