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 275742District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$20.9 M
May 2014 – May 2026
Value, last 12 filed months
$625 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
CondensateDisposition4,503 bbl$299,975
GasProduction6,406,069 Mcf$20,631,459
Total$20,931,434

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 2026014,58798.932.87$41,861
Mar 2026015,44489.753.15$48,640
Feb 2026013,73463.503.75$51,507
Jan 2026015,42959.138.00$123,400
Dec 2025015,49756.664.41$68,394
Nov 2025015,00358.593.93$58,908
Oct 2025015,14559.383.30$50,052
Sep 2025014,77262.743.08$45,452
Aug 2025012,23063.933.01$36,871
Jul 2025014,46966.743.32$47,968
Jun 2025016,46866.483.13$51,524
May 2025010,07260.553.23$32,556
Apr 2025015,36262.363.54$54,429
Mar 2025015,80567.704.27$67,461
Feb 2025014,71070.884.34$63,854
Jan 2025016,57774.324.28$70,928
Dec 2024016,07968.993.12$50,189
Nov 2024016,15469.052.20$35,514
Oct 2024016,83471.372.28$38,405
Sep 2024012,71569.612.36$30,063
Aug 2024016,04075.632.06$33,101
Jul 2024016,65679.932.15$35,754
Jun 2024017,41678.082.63$45,873
May 2024014,18778.812.20$31,189
Apr 2024016,24684.451.66$26,955
Mar 2024017,41180.301.55$26,902
Feb 2024012,74276.091.78$22,727
Jan 2024217,04273.023.30$56,345
Dec 2023017,38171.262.61$45,377
Nov 2023217,61977.892.81$49,622
Oct 20231318,27985.443.09$57,543
Sep 2023315,00489.042.74$41,304
Aug 2023717,21280.522.67$46,569
Jul 2023019,50974.852.64$51,539
Jun 2023015,05768.962.26$34,006
May 2023018,95170.622.23$42,211
Apr 2023017,98578.122.24$40,246
Mar 2023119,50972.852.39$46,761
Feb 2023118,30675.112.47$45,212
Jan 2023024,12776.533.39$81,736
Dec 2022112,02276.415.73$68,951
Nov 2022111,88185.005.65$67,168
Oct 2022119,10287.185.86$112,097
Sep 2022118,79884.888.16$153,546
Aug 2022119,45494.529.13$177,654
Jul 2022019,569101.587.54$147,591
Jun 2022118,782115.097.98$149,943
May 2022119,499109.378.43$164,545
Apr 2022119,010104.226.84$130,087
Mar 2022120,175108.885.08$102,525
Feb 2022118,56491.054.86$90,291
Jan 2022020,93881.844.54$95,010
Dec 2021020,80771.323.90$81,129
Nov 2021019,87277.435.24$104,067
Oct 2021021,39779.795.71$122,260
Sep 2021120,87369.865.35$111,760
Aug 2021121,80966.024.22$92,113
Jul 2021022,24670.783.98$88,585
Jun 2021021,87169.493.38$73,938
May 2021022,72063.483.02$68,561
Apr 2021022,31060.362.76$61,540
Mar 2021023,36861.302.72$63,489
Feb 2021021,35257.805.55$118,460
Jan 2021020,85850.412.81$58,617
Dec 2020023,68244.642.68$63,360
Nov 2020023,23538.772.71$62,887
Oct 2020024,36536.972.48$60,387
Sep 2020023,95037.091.99$47,685
Aug 2020025,13239.982.39$59,942
Jul 2020025,96538.371.83$47,389
Jun 2020124,67934.901.69$41,750
May 2020125,49116.921.81$46,277
Apr 2020225,02914.751.80$45,191
Mar 2020226,18330.341.86$48,662
Feb 2020324,99149.881.98$49,649
Jan 2020227,21757.252.09$57,127
Dec 2019227,67659.012.30$63,893
Nov 2019227,38755.302.75$75,444
Oct 2019228,52253.472.42$69,089
Sep 2019227,41055.052.66$72,946
Aug 2019129,02253.112.30$66,930
Jul 2019028,77856.272.46$70,796
Jun 2019028,87852.782.49$71,941
May 2019130,39058.482.74$83,337
Apr 2019630,22362.632.75$83,510
Mar 2019132,10756.803.06$98,372
Feb 2019029,62350.852.79$82,714
Jan 2019033,53646.033.23$108,260
Dec 2018034,15346.594.19$142,945
Nov 2018033,61052.934.24$142,414
Oct 2018035,61461.443.40$121,019
Sep 2018135,18459.543.11$109,411
Aug 2018236,80359.403.07$112,977
Jul 2018237,60265.142.93$110,375
Jun 2018237,17460.183.08$114,502
May 2018438,99665.382.90$113,381
Apr 2018839,41963.842.90$114,857
Mar 2018340,57761.222.79$113,265
Feb 2018238,02961.782.77$105,316
Jan 2018243,26762.874.01$173,597
Dec 2017044,58357.272.92$130,250
Nov 2017245,27555.423.12$141,295
Oct 2017248,98049.292.98$146,239
Sep 2017446,91947.523.09$145,042
Aug 20171449,48645.373.00$149,311
Jul 20171650,33043.873.09$156,085
Jun 20172550,81742.493.09$157,949
May 2017354,97145.373.26$179,528
Apr 2017554,76847.933.21$176,133
Mar 2017560,12146.772.98$179,616
Feb 2017455,79650.452.95$164,945
Jan 2017863,64049.413.42$217,968
Dec 2016966,65748.763.72$248,592
Nov 2016766,65942.492.64$176,567
Oct 20161673,51746.193.09$227,926
Sep 2016516,99941.553.10$52,915
Aug 2016678,71841.442.92$230,447
Jul 20161184,63841.622.92$247,968
Jun 20162784,82345.352.69$229,045
May 20161293,44142.521.99$186,555
Apr 20161496,36736.561.99$192,382
Mar 20162794,78033.011.79$170,928
Feb 20163591,64126.472.06$190,040
Jan 20163298,31127.352.36$233,318
Dec 201523108,38132.362.00$217,659
Nov 201535105,52438.792.17$230,063
Oct 201554106,73443.552.43$261,350
Sep 201553107,18042.992.76$297,926
Aug 201573117,38540.162.87$340,119
Jul 2015102126,80648.152.95$378,365
Jun 2015149114,03656.152.88$337,116
May 201513869,86655.212.96$214,104
Apr 2015149123,07349.822.71$340,529
Mar 2015242136,54542.892.93$411,099
Feb 2015350126,31544.662.98$391,568
Jan 2015238148,41343.433.10$470,510
Dec 2014301158,75154.693.59$586,594
Nov 2014307165,33470.464.25$724,605
Oct 2014386172,10478.303.90$701,595
Sep 2014421177,03686.164.05$752,462
Aug 2014427171,68289.394.04$730,927
Jul 2014518189,74896.564.18$843,089
Jun 2014153158,81198.164.74$767,287
May 2014025,16794.734.73$118,953

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               14,587 Mcf  × $  2.87 =    $41,861

────────────────────────────────────────────────────
Month total                                  $41,861

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/275742 is the state's own key, not one this site invented.