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 274859District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$23.9 M
May 2014 – May 2026
Value, last 12 filed months
$665 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
CondensateDisposition11,707 bbl$791,529
GasProduction7,199,456 Mcf$23,104,040
Total$23,895,568

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 2026015,33398.932.87$44,001
Mar 2026016,35189.753.15$51,496
Feb 2026114,79463.503.75$55,546
Jan 2026316,78559.138.00$134,422
Dec 20251316,97656.664.41$75,658
Nov 2025116,67658.593.93$65,536
Oct 2025118,38559.383.30$60,819
Sep 2025019,80362.743.08$60,932
Aug 202503,28863.933.01$9,913
Jul 2025016,92766.743.32$56,116
Jun 2025016,31466.483.13$51,042
May 2025016,94760.553.23$54,778
Apr 2025016,17862.363.54$57,321
Mar 2025416,92367.704.27$72,504
Feb 2025515,88970.884.34$69,326
Jan 2025318,02474.324.28$77,342
Dec 2024217,42468.993.12$54,525
Nov 2024117,62769.052.20$38,821
Oct 2024018,43871.372.28$42,064
Sep 2024017,26669.612.36$40,823
Aug 2024518,16775.632.06$37,868
Jul 2024118,72979.932.15$40,283
Jun 2024418,36578.082.63$48,685
May 2024918,82878.812.20$42,102
Apr 2024418,61884.451.66$31,229
Mar 2024219,50380.301.55$30,295
Feb 2024218,17676.091.78$32,572
Jan 2024219,98073.023.30$66,033
Dec 2023220,45471.262.61$53,542
Nov 2023220,30077.892.81$57,149
Oct 2023220,29385.443.09$62,821
Sep 2023018,52889.042.74$50,675
Aug 2023119,03980.522.67$50,969
Jul 2023120,29574.852.64$53,690
Jun 2023119,47668.962.26$44,055
May 2023220,79770.622.23$46,464
Apr 2023220,29078.122.24$45,560
Mar 2023221,66972.852.39$52,003
Feb 2023421,66475.112.47$53,717
Jan 202311918,87276.533.39$73,040
Dec 20221,09618,98576.415.73$192,512
Nov 202257,25885.005.65$41,405
Oct 2022021,75487.185.86$127,560
Sep 2022121,18984.888.16$173,065
Aug 2022022,14194.529.13$202,084
Jul 2022022,303101.587.54$168,211
Jun 2022021,727115.097.98$173,321
May 2022122,395109.378.43$188,967
Apr 2022122,035104.226.84$150,771
Mar 2022223,347108.885.08$118,736
Feb 2022121,80091.054.86$106,014
Jan 2022824,40481.844.54$111,392
Dec 2021224,50071.323.90$95,671
Nov 2021223,93077.435.24$125,473
Oct 2021124,51479.795.71$140,150
Sep 2021123,69469.865.35$126,855
Aug 2021125,07166.024.22$105,880
Jul 2021125,67970.783.98$102,327
Jun 2021125,33369.493.38$85,711
May 2021126,44763.483.02$79,872
Apr 2021026,17560.362.76$72,202
Mar 2021028,58361.302.72$77,658
Feb 2021224,29257.805.55$134,886
Jan 2021227,60050.412.81$77,664
Dec 2020328,01644.642.68$75,090
Nov 2020227,22038.772.71$73,750
Oct 2020228,69736.972.48$71,197
Sep 2020228,22337.091.99$56,267
Aug 2020229,24739.982.39$69,837
Jul 2020129,84038.371.83$54,500
Jun 2020228,51734.901.69$48,272
May 2020229,70016.921.81$53,932
Apr 2020429,61614.751.80$53,498
Mar 2020730,56230.341.86$56,942
Feb 20202129,46249.881.98$59,402
Jan 20202831,19257.252.09$66,942
Dec 2019532,24159.012.30$74,590
Nov 2019532,33455.302.75$89,218
Oct 2019533,50653.472.42$81,303
Sep 2019132,21955.052.66$85,670
Aug 2019134,02353.112.30$78,454
Jul 2019433,60356.272.46$82,890
Jun 2019433,71652.782.49$84,204
May 2019435,43158.482.74$97,326
Apr 2019535,59862.632.75$98,233
Mar 2019637,59556.803.06$115,460
Feb 2019534,53650.852.79$96,686
Jan 2019839,19646.033.23$126,900
Dec 20181939,88546.594.19$167,821
Nov 20182339,04652.934.24$166,665
Oct 2018241,83161.443.40$142,268
Sep 2018041,30559.543.11$128,376
Aug 2018043,11559.403.07$132,215
Jul 2018043,61765.142.93$127,880
Jun 2018043,23560.183.08$133,031
May 2018045,41265.382.90$131,731
Apr 2018145,58863.842.90$132,306
Mar 2018348,65161.222.79$135,766
Feb 2018544,75461.782.77$124,104
Jan 2018751,29462.874.01$206,094
Dec 2017353,12457.272.92$155,375
Nov 2017154,06555.423.12$168,650
Oct 2017258,67149.292.98$175,154
Sep 2017554,78747.523.09$169,380
Aug 2017156,20145.373.00$168,896
Jul 2017461,57343.873.09$190,269
Jun 2017761,61042.493.09$190,505
May 20171066,02045.373.26$215,903
Apr 20171467,67547.933.21$218,016
Mar 20172372,63146.772.98$217,783
Feb 20174664,35650.452.95$192,338
Jan 20174071,91049.413.42$247,822
Dec 20164272,71748.763.72$272,761
Nov 20163270,73042.492.64$188,395
Oct 20163676,84446.193.09$239,131
Sep 20164077,52841.553.10$242,048
Aug 20169477,54841.442.92$230,672
Jul 201612380,62041.622.92$240,880
Jun 20165287,33545.352.69$236,925
May 20166299,26342.521.99$200,273
Apr 20167398,73336.561.99$199,250
Mar 201699104,73233.011.79$191,158
Feb 2016124101,22526.472.06$212,173
Jan 2016131111,01627.352.36$266,065
Dec 2015118116,22832.362.00$236,438
Nov 2015167118,50938.792.17$263,326
Oct 2015174131,52343.552.43$326,729
Sep 2015161135,83842.992.76$381,620
Aug 2015224143,75840.162.87$421,939
Jul 2015235157,74848.152.95$475,896
Jun 2015185101,23156.152.88$302,223
May 2015304130,23755.212.96$401,693
Apr 2015398159,74049.822.71$452,176
Mar 2015546170,04442.892.93$522,448
Feb 2015481148,07644.662.98$462,184
Jan 2015478124,61243.433.10$407,135
Dec 201436954,56854.693.59$216,154
Nov 2014701167,01370.464.25$759,505
Oct 2014839179,54078.303.90$766,072
Sep 2014887171,47686.164.05$770,120
Aug 2014945173,35889.394.04$783,994
Jul 2014888180,26096.564.18$839,160
Jun 2014808170,76098.164.74$888,183
May 201421698,45394.734.73$485,806

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             0 bbl  × $ 98.93 =         $0
Gas               15,333 Mcf  × $  2.87 =    $44,001

────────────────────────────────────────────────────
Month total                                  $44,001

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/274859 is the state's own key, not one this site invented.