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 276459District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$19.7 M
May 2014 – May 2026
Value, last 12 filed months
$276 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
CondensateDisposition4,570 bbl$309,547
GasProduction6,101,854 Mcf$19,341,276
Total$19,650,823

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 202601,21098.932.87$3,472
Mar 202602,01789.753.15$6,352
Feb 202603,58863.503.75$13,456
Jan 202603,58859.138.00$28,697
Dec 202501,26656.664.41$5,587
Nov 202502,37358.593.93$9,317
Oct 202503,37059.383.30$11,137
Sep 2025013,51162.743.08$41,572
Aug 2025014,76763.933.01$44,519
Jul 2025016,61566.743.32$55,082
Jun 2025018,09566.483.13$56,614
May 2025023,24560.553.23$75,135
Apr 202504,69162.363.54$16,621
Mar 202505,55267.704.27$23,698
Feb 202508,30270.884.34$36,038
Jan 202502,81374.324.28$12,036
Dec 202401,91768.993.12$5,984
Nov 202403,55169.052.20$7,807
Oct 202407,37071.372.28$16,814
Sep 2024013,72369.612.36$32,446
Aug 202409,91075.632.06$20,451
Jul 2024013,57779.932.15$29,144
Jun 2024015,63678.082.63$41,185
May 2024011,59978.812.20$25,500
Apr 2024014,90084.451.66$24,722
Mar 2024015,51380.301.55$23,970
Feb 2024013,58776.091.78$24,234
Jan 2024015,74173.023.30$51,908
Dec 2023016,42571.262.61$42,881
Nov 2023016,60777.892.81$46,625
Oct 2023012,81285.443.09$39,554
Sep 2023015,66689.042.74$42,847
Aug 2023017,63980.522.67$47,147
Jul 2023020,81874.852.64$54,997
Jun 2023110,46068.962.26$23,693
May 20231215,13770.622.23$34,564
Apr 202309,78178.122.24$21,888
Mar 2023018,73672.852.39$44,838
Feb 2023018,67875.112.47$46,054
Jan 2023018,34776.533.39$62,155
Dec 202227,43076.415.73$42,720
Nov 2022014,99285.005.65$84,648
Oct 2022023,34187.185.86$136,866
Sep 202209,25084.888.16$75,514
Aug 2022011,17994.529.13$102,033
Jul 202204,080101.587.54$30,772
Jun 2022016,500115.097.98$131,624
May 2022019,115109.378.43$161,198
Apr 2022019,863104.226.84$135,815
Mar 2022118,850108.885.08$95,799
Feb 2022213,03891.054.86$63,532
Jan 2022116,26981.844.54$73,905
Dec 2021012,27771.323.90$47,870
Nov 2021018,68077.435.24$97,824
Oct 2021019,70379.795.71$112,580
Sep 2021019,56569.865.35$104,691
Aug 2021021,72966.024.22$91,709
Jul 2021016,94370.783.98$67,468
Jun 2021016,51569.493.38$55,831
May 2021016,69063.483.02$50,365
Apr 2021019,78960.362.76$54,586
Mar 2021120,94961.302.72$56,978
Feb 2021218,78957.805.55$104,356
Jan 2021121,77250.412.81$61,236
Dec 2020121,80244.642.68$58,375
Nov 2020121,44638.772.71$58,084
Oct 2020022,57836.972.48$55,958
Sep 2020022,24337.091.99$44,287
Aug 2020023,49139.982.39$56,028
Jul 2020024,40138.371.83$44,535
Jun 2020122,57134.901.69$38,187
May 2020123,36616.921.81$42,420
Apr 2020123,00714.751.80$41,528
Mar 2020124,16530.341.86$44,886
Feb 2020223,09649.881.98$45,845
Jan 2020224,74257.252.09$51,943
Dec 2019225,36559.012.30$58,568
Nov 2019225,23455.302.75$69,522
Oct 2019126,42353.472.42$63,959
Sep 2019025,23155.052.66$67,046
Aug 2019026,79853.112.30$61,752
Jul 2019026,57456.272.46$65,374
Jun 2019026,52452.782.49$66,077
May 2019027,99958.482.74$76,726
Apr 2019028,27862.632.75$77,784
Mar 2019029,88556.803.06$91,511
Feb 2019027,62450.852.79$77,132
Jan 2019031,43646.033.23$101,481
Dec 2018032,04246.594.19$134,110
Nov 2018031,57652.934.24$133,795
Oct 2018033,44961.443.40$113,662
Sep 2018033,19359.543.11$103,164
Aug 2018034,58759.403.07$106,063
Jul 2018035,49165.142.93$104,055
Jun 2018035,07760.183.08$107,929
May 2018036,87765.382.90$106,973
Apr 2018037,39663.842.90$108,478
Mar 2018039,46061.222.79$109,969
Feb 2018036,46561.782.77$100,867
Jan 2018041,47662.874.01$166,291
Dec 2017042,92657.272.92$125,409
Nov 2017042,71955.423.12$133,213
Oct 2017045,28149.292.98$135,104
Sep 2017043,77547.523.09$135,146
Aug 2017046,78545.373.00$140,561
Jul 2017250,21243.873.09$155,106
Jun 2017051,38642.493.09$158,643
May 2017055,19745.373.26$180,130
Apr 2017156,47447.933.21$181,420
Mar 2017160,93746.772.98$181,863
Feb 2017158,77250.452.95$173,581
Jan 2017366,12949.413.42$226,230
Dec 2016465,13548.763.72$242,682
Nov 2016365,63742.492.64$173,695
Oct 2016370,52746.193.09$218,085
Sep 2016371,16541.553.10$220,781
Aug 2016475,75941.442.92$221,711
Jul 2016479,03241.622.92$231,283
Jun 2016380,09945.352.69$215,268
May 2016787,40342.521.99$174,321
Apr 2016789,69636.561.99$178,844
Mar 20161397,21033.011.79$174,825
Feb 20162490,82626.472.06$188,067
Jan 201620102,78527.352.36$243,568
Dec 201524104,88332.362.00$210,691
Nov 201533111,15638.792.17$242,192
Oct 201525123,61543.552.43$301,050
Sep 201526127,95342.992.76$354,066
Aug 201546137,57440.162.87$397,027
Jul 201572161,86748.152.95$480,178
Jun 2015115128,26456.152.88$376,224
May 201510637,83255.212.96$117,663
Apr 2015224125,61449.822.71$351,143
Mar 2015290138,77942.892.93$419,714
Feb 2015271124,45944.662.98$382,516
Jan 2015392147,63243.433.10$474,777
Dec 2014416149,00054.693.59$557,864
Nov 2014310109,30970.464.25$486,607
Oct 2014465174,22178.303.90$716,039
Sep 2014497168,09886.164.05$722,852
Aug 2014445176,36089.394.04$751,412
Jul 2014327178,08296.564.18$775,887
Jun 2014329164,60198.164.74$811,990
May 20141634,87994.734.73$166,373

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                1,210 Mcf  × $  2.87 =     $3,472

────────────────────────────────────────────────────
Month total                                   $3,472

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/276459 is the state's own key, not one this site invented.