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 275269District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$18.1 M
May 2014 – May 2026
Value, last 12 filed months
$483 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
CondensateDisposition2,702 bbl$185,448
GasProduction5,507,408 Mcf$17,909,742
Total$18,095,191

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 2026012,44698.932.87$35,717
Mar 2026012,68989.753.15$39,963
Feb 2026010,12363.503.75$37,964
Jan 2026011,65359.138.00$93,200
Dec 2025011,53956.664.41$50,926
Nov 2025010,26758.593.93$40,313
Oct 2025011,56159.383.30$38,207
Sep 2025011,08162.743.08$34,095
Aug 202507,70263.933.01$23,220
Jul 2025012,99866.743.32$43,091
Jun 2025014,65366.483.13$45,845
May 202505,12360.553.23$16,559
Apr 2025012,43762.363.54$44,066
Mar 2025013,22567.704.27$56,449
Feb 2025010,56070.884.34$45,839
Jan 2025012,40874.324.28$53,090
Dec 2024011,97068.993.12$37,363
Nov 2024012,65769.052.20$27,826
Oct 2024014,47971.372.28$33,032
Sep 2024014,96469.612.36$35,380
Aug 2024016,64575.632.06$34,349
Jul 2024016,29479.932.15$34,977
Jun 2024016,10278.082.63$42,412
May 2024011,71078.812.20$25,744
Apr 2024015,09384.451.66$25,042
Mar 2024014,93880.301.55$23,081
Feb 2024013,93076.091.78$24,846
Jan 2024214,25373.023.30$47,148
Dec 2023014,53971.262.61$37,957
Nov 2023014,58277.892.81$40,940
Oct 2023013,33585.443.09$41,169
Sep 2023014,80589.042.74$40,492
Aug 2023017,23080.522.67$46,054
Jul 2023012,14674.852.64$32,087
Jun 2023012,90968.962.26$29,155
May 2023018,08970.622.23$40,291
Apr 2023012,43978.122.24$27,836
Mar 2023012,33772.852.39$29,524
Feb 2023012,78775.112.47$31,529
Jan 2023022,05176.533.39$74,703
Dec 202206,46076.415.73$37,010
Nov 2022015,59185.005.65$88,030
Oct 2022017,27487.185.86$101,291
Sep 2022012,07484.888.16$98,568
Aug 2022016,83594.529.13$153,656
Jul 2022017,921101.587.54$135,162
Jun 2022015,882115.097.98$126,694
May 2022016,332109.378.43$137,728
Apr 2022015,878104.226.84$108,567
Mar 2022017,164108.885.08$87,131
Feb 2022016,76891.054.86$81,473
Jan 2022018,86381.844.54$85,594
Dec 2021018,56871.323.90$72,399
Nov 2021017,72677.435.24$92,828
Oct 2021017,99679.795.71$102,827
Sep 2021017,28169.865.35$92,469
Aug 2021018,13266.024.22$76,528
Jul 2021018,64370.783.98$74,238
Jun 2021019,93369.493.38$67,386
May 2021022,34463.483.02$67,427
Apr 2021021,38760.362.76$58,994
Mar 2021022,37961.302.72$60,802
Feb 2021019,43957.805.55$107,847
Jan 2021021,86650.412.81$61,449
Dec 2020020,10144.642.68$53,779
Nov 2020019,67038.772.71$53,238
Oct 2020020,61236.972.48$51,085
Sep 2020020,29637.091.99$40,410
Aug 2020021,56039.982.39$51,423
Jul 2020023,22638.371.83$42,390
Jun 2020019,42134.901.69$32,828
May 2020019,76516.921.81$35,869
Apr 2020020,19314.751.80$36,436
Mar 2020021,39730.341.86$39,718
Feb 2020020,47849.881.98$40,560
Jan 2020023,08357.252.09$48,353
Dec 2019023,15259.012.30$53,351
Nov 2019021,82455.302.75$60,031
Oct 2019023,91353.472.42$57,835
Sep 2019023,15555.052.66$61,529
Aug 2019026,04953.112.30$60,026
Jul 2019025,80156.272.46$63,472
Jun 2019023,78452.782.49$59,251
May 2019024,89758.482.74$68,226
Apr 2019025,07362.632.75$68,968
Mar 2019026,46656.803.06$81,042
Feb 2019024,45650.852.79$68,287
Jan 2019027,71046.033.23$89,453
Dec 2018028,01146.594.19$117,238
Nov 2018029,17952.934.24$123,638
Oct 2018032,63861.443.40$110,907
Sep 2018029,72859.543.11$92,395
Aug 2018030,23559.403.07$92,717
Jul 2018030,91565.142.93$90,639
Jun 2018030,58260.183.08$94,098
May 2018131,71565.382.90$92,064
Apr 2018231,83863.842.90$92,483
Mar 2018033,79761.222.79$94,187
Feb 2018031,30361.782.77$86,588
Jan 2018035,70662.874.01$143,157
Dec 2017036,74657.272.92$107,354
Nov 2017037,10955.423.12$115,719
Oct 2017039,59249.292.98$118,130
Sep 2017039,50247.523.09$121,954
Aug 2017041,47245.373.00$124,598
Jul 2017043,42343.873.09$134,059
Jun 2017243,47942.493.09$134,317
May 2017546,54145.373.26$152,109
Apr 2017245,73747.933.21$146,985
Mar 2017250,10646.772.98$149,594
Feb 2017147,60650.452.95$140,612
Jan 2017353,19649.413.42$182,015
Dec 2016553,68148.763.72$200,089
Nov 2016755,70042.492.64$147,588
Oct 20161261,77946.193.09$191,467
Sep 2016913,68441.553.10$42,803
Aug 2016462,01841.442.92$181,527
Jul 2016663,74341.622.92$186,656
Jun 2016665,53045.352.69$176,275
May 2016273,75742.521.99$146,938
Apr 2016274,71136.561.99$148,826
Mar 2016780,32333.011.79$144,331
Feb 20163372,59326.472.06$150,679
Jan 20163877,38627.352.36$184,008
Dec 20153178,16332.362.00$157,439
Nov 20153881,54438.792.17$178,207
Oct 20153690,56943.552.43$221,341
Sep 20153391,71042.992.76$254,393
Aug 20154798,44840.162.87$284,678
Jul 201571103,13148.152.95$307,148
Jun 201510494,42156.152.88$278,042
May 20159960,02355.212.96$182,861
Apr 201579110,74749.822.71$303,680
Mar 2015123116,40242.892.93$346,882
Feb 2015115109,08644.662.98$329,797
Jan 2015139141,60443.433.10$445,098
Dec 2014175139,34254.693.59$509,998
Nov 2014178138,76470.464.25$602,544
Oct 2014206163,62778.303.90$654,432
Sep 2014247176,63586.164.05$735,848
Aug 2014345187,63989.394.04$787,985
Jul 2014300184,87996.564.18$801,688
Jun 2014185167,66698.164.74$812,373
May 2014018,38094.734.73$86,874

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               12,446 Mcf  × $  2.87 =    $35,717

────────────────────────────────────────────────────
Month total                                  $35,717

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/275269 is the state's own key, not one this site invented.