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 274784District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$21.9 M
May 2014 – May 2026
Value, last 12 filed months
$566 k
at the published price for each month
Months reported
145
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
CondensateDisposition12,907 bbl$862,178
GasProduction6,554,359 Mcf$21,072,436
Total$21,934,614

Every month this lease reported (145)

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

145 months

May 202600106.413.05$0
Apr 2026212,70698.932.87$36,661
Mar 2026413,46889.753.15$42,776
Feb 2026411,74763.503.75$44,309
Jan 2026613,94559.138.00$111,886
Dec 2025514,33356.664.41$63,540
Nov 2025312,32258.593.93$48,557
Oct 2025313,46659.383.30$44,681
Sep 2025313,34662.743.08$41,253
Aug 2025213,65863.933.01$41,303
Jul 2025314,10466.743.32$46,958
Jun 2025313,93666.483.13$43,801
May 2025312,82260.553.23$41,626
Apr 2025413,42662.363.54$47,819
Mar 2025414,00867.704.27$60,061
Feb 2025513,05470.884.34$57,020
Jan 2025815,56374.324.28$67,184
Dec 2024513,87468.993.12$43,651
Nov 2024514,71269.052.20$32,689
Oct 2024416,32371.372.28$37,525
Sep 2024213,01069.612.36$30,900
Aug 2024114,86275.632.06$30,745
Jul 2024315,47579.932.15$33,458
Jun 2024016,00678.082.63$42,159
May 2024313,69078.812.20$30,333
Apr 2024414,30384.451.66$24,069
Mar 2024516,10480.301.55$25,284
Feb 2024515,17676.091.78$27,449
Jan 2024716,68973.023.30$55,546
Dec 2023717,13871.262.61$45,241
Nov 2023617,26377.892.81$48,934
Oct 2023315,84585.443.09$49,174
Sep 2023215,80689.042.74$43,408
Aug 2023316,66880.522.67$44,793
Jul 2023317,88374.852.64$47,468
Jun 2023315,01068.962.26$34,107
May 2023518,02770.622.23$40,506
Apr 2023617,86678.122.24$40,449
Mar 2023619,33272.852.39$46,702
Feb 2023819,65975.112.47$49,074
Jan 2023918,19776.533.39$62,335
Dec 20221414,43876.415.73$83,786
Nov 202279,87485.005.65$56,346
Oct 2022518,73487.185.86$110,288
Sep 2022418,51184.888.16$151,457
Aug 2022418,19894.529.13$166,474
Jul 2022318,521101.587.54$139,992
Jun 2022418,108115.097.98$144,912
May 2022519,506109.378.43$165,042
Apr 2022518,105104.226.84$124,316
Mar 2022719,715108.885.08$100,843
Feb 2022618,48691.054.86$90,367
Jan 2022920,89881.844.54$95,565
Dec 2021720,94971.323.90$82,182
Nov 2021620,37277.435.24$107,150
Oct 2021520,96879.795.71$120,207
Sep 2021420,47769.865.35$109,850
Aug 2021421,30266.024.22$90,171
Jul 2021421,71570.783.98$86,754
Jun 2021321,50469.493.38$72,905
May 2021422,67563.483.02$68,680
Apr 2021522,88560.362.76$63,428
Mar 20211121,20361.302.72$58,282
Feb 2021518,31457.805.55$101,894
Jan 2021823,51950.412.81$66,498
Dec 2020823,44244.642.68$63,075
Nov 2020722,69538.772.71$61,697
Oct 2020623,67436.972.48$58,896
Sep 2020523,15137.091.99$46,280
Aug 2020523,83339.982.39$57,044
Jul 2020525,85338.371.83$47,377
Jun 20201025,24434.901.69$43,019
May 2020926,08016.921.81$47,481
Apr 20201425,25214.751.80$45,771
Mar 20201626,41730.341.86$49,521
Feb 20201625,18849.881.98$50,687
Jan 20201827,59557.252.09$58,835
Dec 20191728,46359.012.30$66,592
Nov 20191727,66755.302.75$77,044
Oct 20191628,92453.472.42$70,809
Sep 20191227,97955.052.66$75,009
Aug 20191229,46453.112.30$68,533
Jul 20191129,35256.272.46$72,827
Jun 20191429,08952.782.49$73,205
May 20191430,17058.482.74$83,494
Apr 20191730,01062.632.75$83,613
Mar 20192132,03056.803.06$99,272
Feb 20191829,58450.852.79$83,520
Jan 20192333,33346.033.23$108,664
Dec 20182433,66046.594.19$142,000
Nov 20181932,73852.934.24$139,724
Oct 20181835,89961.443.40$123,094
Sep 20181635,58259.543.11$111,542
Aug 20181537,16659.403.07$114,863
Jul 20181338,25865.142.93$113,015
Jun 20181338,26460.183.08$118,518
May 20181440,15265.382.90$117,388
Apr 20181740,42763.842.90$118,356
Mar 20181942,90161.222.79$120,721
Feb 20181939,60961.782.77$110,737
Jan 20182544,87362.874.01$181,482
Dec 20172346,33657.272.92$136,689
Nov 20172046,49355.423.12$146,090
Oct 20172049,05249.292.98$147,341
Sep 20172249,82547.523.09$154,869
Aug 20172151,57745.373.00$155,911
Jul 20175154,94443.873.09$171,865
Jun 20173752,98042.493.09$165,136
May 20172257,46145.373.26$188,516
Apr 20172658,09447.933.21$187,821
Mar 20173262,16246.772.98$186,968
Feb 20173657,21250.452.95$170,740
Jan 20174663,54749.413.42$219,527
Dec 20165765,63348.763.72$247,120
Nov 20164365,53842.492.64$175,132
Oct 20165070,36246.193.09$219,746
Sep 20165171,38241.553.10$223,448
Aug 20167776,55741.442.92$227,070
Jul 20167180,96041.622.92$239,710
Jun 20167382,05245.352.69$223,688
May 20169089,20542.521.99$181,438
Apr 20169890,79636.561.99$184,361
Mar 201613495,00633.011.79$174,865
Feb 201617388,60726.472.06$187,431
Jan 2016161102,02827.352.36$245,634
Dec 2015139109,30932.362.00$223,270
Nov 2015203112,46838.792.17$251,630
Oct 2015210126,07243.552.43$315,069
Sep 2015195131,14442.992.76$370,133
Aug 2015286140,74240.162.87$415,766
Jul 2015349152,80748.152.95$466,833
Jun 2015245132,68156.152.88$396,258
May 2015313138,12655.212.96$425,505
Apr 2015420161,86049.822.71$459,010
Mar 2015460111,22342.892.93$346,137
Feb 2015416122,97644.662.98$384,579
Jan 2015684132,10743.433.10$439,321
Dec 201438234,91254.693.59$146,273
Nov 2014796128,09970.464.25$600,743
Oct 2014988170,03278.303.90$740,648
Sep 20141,032170,36886.164.05$778,131
Aug 20141,095179,77989.394.04$823,312
Jul 2014956184,93396.564.18$865,257
Jun 20141,110181,13598.164.74$966,972
May 2014365117,96094.734.73$592,121

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             2 bbl  × $ 98.93 =       $198
Gas               12,706 Mcf  × $  2.87 =    $36,463

────────────────────────────────────────────────────
Month total                                  $36,661

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/274784 is the state's own key, not one this site invented.