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 273841District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$9.1 M
Apr 2014 – May 2026
Value, last 12 filed months
$263 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
CondensateDisposition47,794 bbl$3,446,718
GasProduction1,634,023 Mcf$5,651,821
Total$9,098,539

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 2026764,12398.932.87$19,351
Mar 2026724,29689.753.15$19,992
Feb 2026724,01363.503.75$19,622
Jan 2026754,08559.138.00$37,106
Dec 20251085,20756.664.41$29,100
Nov 2025874,83758.593.93$24,090
Oct 2025985,75859.383.30$24,849
Sep 2025845,11262.743.08$20,999
Aug 2025785,48063.933.01$21,507
Jul 2025835,84466.743.32$24,913
Jun 2025745,42366.483.13$21,887
May 2025955,90860.553.23$24,849
Apr 20251045,99362.363.54$27,719
Mar 20251106,53567.704.27$35,340
Feb 20251266,67670.884.34$37,910
Jan 20251667,97974.324.28$46,477
Dec 20241989,99468.993.12$44,855
Nov 202421912,43969.052.20$42,468
Oct 202436418,30371.372.28$67,735
Sep 202430212,24569.612.36$49,974
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
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 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 2021163871.323.90$1,289
Nov 20211065,02677.435.24$34,528
Oct 20211085,65079.795.71$40,901
Sep 2021734,30269.865.35$28,119
Aug 2021965,09466.024.22$27,838
Jul 2021865,15670.783.98$26,619
Jun 2021784,98169.493.38$22,259
May 20211075,12963.483.02$22,270
Apr 20211265,36960.362.76$22,415
Mar 20211486,40961.302.72$26,485
Feb 2021945,40257.805.55$35,403
Jan 20211746,88750.412.81$28,126
Dec 20201546,42144.642.68$24,054
Nov 20201426,45338.772.71$22,971
Oct 20201446,69836.972.48$21,924
Sep 20201316,79037.091.99$18,378
Aug 20201287,00839.982.39$21,832
Jul 20201307,36338.371.83$18,426
Jun 20201386,96934.901.69$16,596
May 202010411,28316.921.81$22,236
Apr 2020151,51014.751.80$2,946
Mar 2020322,21930.341.86$5,090
Feb 2020713,31449.881.98$10,105
Jan 20201115,62457.252.09$18,136
Dec 20191136,22459.012.30$21,010
Nov 20191186,29455.302.75$23,838
Oct 20191276,65853.472.42$22,893
Sep 20191016,42855.052.66$22,641
Aug 20191206,82553.112.30$22,100
Jul 20191127,03956.272.46$23,619
Jun 20191386,94952.782.49$24,595
May 20191356,66158.482.74$26,148
Apr 20191496,52262.632.75$27,272
Mar 20191777,03956.803.06$31,608
Feb 20191566,67850.852.79$26,579
Jan 20191957,48646.033.23$33,142
Dec 20181907,35446.594.19$39,632
Nov 20181397,34052.934.24$38,459
Oct 20181247,45161.443.40$32,938
Sep 20181208,14859.543.11$32,469
Aug 20181308,17359.403.07$32,785
Jul 201810010,26665.142.93$36,613
Jun 201823060.183.08$1,384
May 20181325,39865.382.90$24,289
Apr 20182049,03763.842.90$39,238
Mar 20182469,45961.222.79$41,421
Feb 20182148,63461.782.77$37,104
Jan 20182839,63762.874.01$56,430
Dec 20172619,99457.272.92$44,145
Nov 20172209,83255.423.12$42,852
Oct 201720310,56949.292.98$41,540
Sep 201717810,18247.523.09$39,893
Aug 201717110,87045.373.00$40,416
Jul 201721711,39843.873.09$44,709
Jun 201717411,40442.493.09$42,601
May 201720611,81845.373.26$47,913
Apr 201723011,54247.933.21$48,092
Mar 201726312,58646.772.98$49,853
Feb 201725511,89350.452.95$47,980
Jan 201728413,84949.413.42$61,379
Dec 201631313,29248.763.72$64,746
Nov 201624513,58842.492.64$46,341
Oct 201625714,79046.193.09$57,576
Sep 201619812,66941.553.10$47,509
Aug 201627015,63141.442.92$56,899
Jul 201629417,71641.622.92$64,044
Jun 201636918,07845.352.69$65,289
May 201645714,46542.521.99$48,232
Apr 201645313,91736.561.99$44,271
Mar 201660419,97833.011.79$55,779
Feb 201633510,61326.472.06$30,769
Jan 201628510,28927.352.36$32,122
Dec 201531416,28432.362.00$42,752
Nov 201544517,38238.792.17$54,934
Oct 201541119,83643.552.43$66,033
Sep 201530119,43942.992.76$66,561
Aug 201544026,56540.162.87$93,978
Jul 201564731,17648.152.95$122,969
Jun 201566927,41356.152.88$116,592
May 201593434,85455.212.96$154,575
Apr 201540611,13149.822.71$50,354
Mar 201566926,40742.892.93$106,190
Feb 201565224,09244.662.98$100,821
Jan 201584129,68743.433.10$128,573
Dec 20141,08434,13654.693.59$181,879
Nov 201499333,71770.464.25$213,326
Oct 20141,46146,20478.303.90$294,636
Sep 20141,26524,24286.164.05$207,062
Aug 20143,50276,27989.394.04$620,839
Jul 20143,98286,00696.564.18$743,973
Jun 20144,46497,77498.164.74$901,330
May 20146,012118,17894.734.73$1,128,092
Apr 20142,91179,21395.944.81$660,226

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            76 bbl  × $ 98.93 =     $7,519
Gas                4,123 Mcf  × $  2.87 =    $11,832

────────────────────────────────────────────────────
Month total                                  $19,351

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/273841 is the state's own key, not one this site invented.