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 274910District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$22.7 M
May 2014 – May 2026
Value, last 12 filed months
$593 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
CondensateDisposition8,669 bbl$591,516
GasProduction6,857,350 Mcf$22,137,170
Total$22,728,687

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 2026013,55998.932.87$38,911
Mar 2026014,35589.753.15$45,210
Feb 2026012,88463.503.75$48,319
Jan 2026114,57059.138.00$116,589
Dec 2025114,56756.664.41$64,346
Nov 2025013,75958.593.93$54,024
Oct 2025114,44159.383.30$47,785
Sep 2025013,74962.743.08$42,305
Aug 2025014,32263.933.01$43,177
Jul 2025014,51566.743.32$48,120
Jun 2025013,99666.483.13$43,790
May 2025014,69160.553.23$47,486
Apr 2025014,27462.363.54$50,574
Mar 2025014,93867.704.27$63,760
Feb 2025013,93070.884.34$60,468
Jan 2025115,67774.324.28$67,151
Dec 2024015,48168.993.12$48,322
Nov 2024015,30869.052.20$33,654
Oct 2024015,87371.372.28$36,213
Sep 2024015,17069.612.36$35,867
Aug 2024015,82275.632.06$32,651
Jul 2024216,21679.932.15$34,969
Jun 2024015,86078.082.63$41,775
May 2024016,45778.812.20$36,180
Apr 2024016,18584.451.66$26,854
Mar 2024016,94580.301.55$26,182
Feb 2024015,93676.091.78$28,424
Jan 2024217,40873.023.30$57,552
Dec 2023117,44071.262.61$45,602
Nov 2023017,07777.892.81$47,945
Oct 2023117,63185.443.09$54,517
Sep 2023016,54189.042.74$45,240
Aug 2023017,84480.522.67$47,695
Jul 2023018,44574.852.64$48,728
Jun 2023017,51468.962.26$39,555
May 2023018,80170.622.23$41,877
Apr 2023018,49578.122.24$41,387
Mar 2023019,78572.852.39$47,349
Feb 2023020,20075.112.47$49,807
Jan 2023017,48576.533.39$59,234
Dec 2022314,45376.415.73$83,032
Nov 2022214,99385.005.65$84,823
Oct 2022019,66587.185.86$115,311
Sep 2022019,02684.888.16$155,322
Aug 2022019,83294.529.13$181,010
Jul 2022020,165101.587.54$152,086
Jun 2022019,659115.097.98$156,824
May 2022020,431109.378.43$172,295
Apr 2022019,923104.226.84$136,226
Mar 2022021,118108.885.08$107,203
Feb 2022019,73291.054.86$95,875
Jan 2022022,21381.844.54$100,795
Dec 2021022,13471.323.90$86,303
Nov 2021021,62577.435.24$113,247
Oct 2021021,99279.795.71$125,659
Sep 2021021,23169.865.35$113,605
Aug 2021022,51066.024.22$95,005
Jul 2021023,06570.783.98$91,847
Jun 2021022,65869.493.38$76,598
May 2021023,63363.483.02$71,317
Apr 2021023,61860.362.76$65,148
Mar 2021026,01961.302.72$70,692
Feb 2021017,91557.805.55$99,392
Jan 2021025,03550.412.81$70,355
Dec 2020025,41944.642.68$68,008
Nov 2020024,62338.772.71$66,644
Oct 2020026,08536.972.48$64,650
Sep 2020025,30837.091.99$50,389
Aug 2020026,57239.982.39$63,377
Jul 2020027,23938.371.83$49,714
Jun 2020025,98834.901.69$43,928
May 2020026,67616.921.81$48,410
Apr 2020026,36714.751.80$47,576
Mar 2020127,39430.341.86$50,880
Feb 2020026,60049.881.98$52,686
Jan 2020128,33457.252.09$59,410
Dec 2019129,24459.012.30$67,448
Nov 2019229,15755.302.75$80,313
Oct 2019130,22953.472.42$73,164
Sep 2019128,97655.052.66$77,052
Aug 2019130,52253.112.30$70,387
Jul 2019130,03956.272.46$73,954
Jun 2019230,01252.782.49$74,871
May 2019231,48658.482.74$86,399
Apr 2019231,47162.632.75$86,693
Mar 2019333,38356.803.06$102,392
Feb 2019230,78950.852.79$86,071
Jan 2019435,03746.033.23$113,290
Dec 2018435,58046.594.19$149,104
Nov 2018335,19852.934.24$149,301
Oct 2018237,36861.443.40$127,102
Sep 2018236,88259.543.11$114,748
Aug 2018238,47259.403.07$118,096
Jul 2018239,05665.142.93$114,638
Jun 2018238,48460.183.08$118,533
May 2018440,37265.382.90$117,373
Apr 2018241,32663.842.90$120,006
Mar 2018344,15361.222.79$123,231
Feb 2018440,67061.782.77$112,745
Jan 2018546,43062.874.01$186,467
Dec 2017347,88657.272.92$140,072
Nov 2017248,42155.423.12$151,105
Oct 2017151,76249.292.98$154,491
Sep 2017151,31247.523.09$158,462
Aug 2017450,24545.373.00$151,138
Jul 2017155,09243.873.09$170,128
Jun 2017355,01242.493.09$169,965
May 2017358,89945.373.26$192,347
Apr 2017360,29747.933.21$193,794
Mar 2017663,18446.772.98$188,801
Feb 20171058,50350.452.95$173,240
Jan 20171465,69949.413.42$225,303
Dec 20161667,83748.763.72$253,326
Nov 20161267,60442.492.64$179,279
Oct 20161272,19946.193.09$223,668
Sep 20161272,89841.553.10$226,528
Aug 20161777,68441.442.92$227,879
Jul 20162182,18441.622.92$241,208
Jun 20162583,41445.352.69$225,170
May 20163390,83842.521.99$182,265
Apr 20163891,21036.561.99$182,992
Mar 20166497,80933.011.79$177,583
Feb 20169496,16626.472.06$200,939
Jan 201610681,10727.352.36$194,665
Dec 201566109,68632.362.00$221,662
Nov 2015102109,07338.792.17$240,354
Oct 201587120,59843.552.43$296,430
Sep 201589124,20242.992.76$346,427
Aug 2015137134,63940.162.87$392,251
Jul 2015165146,81248.152.95$440,318
Jun 2015225112,24156.152.88$336,209
May 2015253121,07255.212.96$371,790
Apr 2015341147,10349.822.71$415,133
Mar 2015463156,52542.892.93$479,214
Feb 2015438142,54644.662.98$443,805
Jan 2015606168,51943.433.10$548,834
Dec 2014627171,43954.693.59$649,990
Nov 2014414162,37370.464.25$719,554
Oct 2014626175,35578.303.90$733,069
Sep 2014795174,65786.164.05$775,062
Aug 2014857181,16689.394.04$807,634
Jul 2014771178,39396.564.18$820,059
Jun 2014853176,64698.164.74$920,481
May 201417995,31194.734.73$467,450

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               13,559 Mcf  × $  2.87 =    $38,911

────────────────────────────────────────────────────
Month total                                  $38,911

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/274910 is the state's own key, not one this site invented.