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 276473District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$21.3 M
May 2014 – May 2026
Value, last 12 filed months
$568 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
CondensateDisposition9,704 bbl$617,951
GasProduction6,555,328 Mcf$20,641,185
Total$21,259,135

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 2026112,69098.932.87$36,516
Mar 2026113,55889.753.15$42,790
Feb 2026012,19763.503.75$45,743
Jan 2026213,74159.138.00$110,018
Dec 2025213,69456.664.41$60,550
Nov 2025013,27558.593.93$52,123
Oct 2025213,99559.383.30$46,370
Sep 2025013,60362.743.08$41,855
Aug 2025014,14763.933.01$42,650
Jul 2025014,12766.743.32$46,834
Jun 2025213,43266.483.13$42,158
May 2025114,02260.553.23$45,384
Apr 2025013,80662.363.54$48,916
Mar 2025114,61967.704.27$62,466
Feb 2025013,68370.884.34$59,396
Jan 2025015,34474.324.28$65,652
Dec 2024215,33068.993.12$47,989
Nov 2024115,16269.052.20$33,402
Oct 2024115,70771.372.28$35,905
Sep 2024115,31069.612.36$36,268
Aug 2024016,21875.632.06$33,468
Jul 2024016,40179.932.15$35,206
Jun 2024016,15478.082.63$42,549
May 2024016,83478.812.20$37,009
Apr 2024016,61584.451.66$27,568
Mar 2024017,27780.301.55$26,695
Feb 2024016,25876.091.78$28,998
Jan 2024317,73873.023.30$58,713
Dec 2023417,81171.262.61$46,785
Nov 2023017,53777.892.81$49,236
Oct 2023018,20785.443.09$56,210
Sep 2023017,75489.042.74$48,558
Aug 2023418,92880.522.67$50,914
Jul 2023019,44674.852.64$51,372
Jun 2023118,93868.962.26$42,840
May 2023520,39870.622.23$45,788
Apr 2023420,15278.122.24$45,408
Mar 2023221,39372.852.39$51,343
Feb 2023220,04275.112.47$49,567
Jan 2023423,36076.533.39$79,443
Dec 2022223,29576.415.73$133,612
Nov 2022423,51785.005.65$133,122
Oct 2022727,43287.185.86$161,465
Sep 2022029,75484.888.16$242,902
Aug 2022030,53094.529.13$278,652
Jul 2022027101.587.54$204
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 202101971.323.90$74
Nov 20210077.435.24$0
Oct 202115,42779.795.71$31,089
Sep 2021215,73269.865.35$84,320
Aug 2021217,51766.024.22$74,064
Jul 2021215,57270.783.98$62,151
Jun 2021216,58269.493.38$56,196
May 2021317,84663.483.02$54,044
Apr 2021318,65460.362.76$51,637
Mar 2021117,17261.302.72$46,717
Feb 2021313,67457.805.55$76,036
Jan 2021316,65850.412.81$46,965
Dec 2020317,20844.642.68$46,173
Nov 2020317,28838.772.71$46,907
Oct 2020318,38936.972.48$45,687
Sep 2020218,22637.091.99$36,363
Aug 2020019,94539.982.39$47,571
Jul 2020215,52438.371.83$28,410
Jun 2020518,43634.901.69$31,337
May 2020520,11216.921.81$36,583
Apr 2020820,79214.751.80$37,635
Mar 2020820,20730.341.86$37,752
Feb 2020620,19149.881.98$40,291
Jan 20201023,24757.252.09$49,269
Dec 20191123,17359.012.30$54,048
Nov 20191023,63955.302.75$65,577
Oct 2019924,83053.472.42$60,534
Sep 2019724,61055.052.66$65,781
Aug 2019826,52353.112.30$61,543
Jul 2019626,01956.272.46$64,346
Jun 2019825,68052.782.49$64,396
May 2019826,87558.482.74$74,114
Apr 2019927,69162.632.75$76,733
Mar 20191130,09756.803.06$92,785
Feb 2019928,61550.852.79$80,357
Jan 20191232,98346.033.23$107,027
Dec 20181332,81646.594.19$137,955
Nov 20181032,68552.934.24$139,023
Oct 20181035,12261.443.40$119,962
Sep 2018835,79659.543.11$111,730
Aug 2018937,96159.403.07$116,944
Jul 2018839,13965.142.93$115,272
Jun 2018937,71660.183.08$116,591
May 2018940,09565.382.90$116,896
Apr 20181140,58963.842.90$118,443
Mar 20181243,68561.222.79$122,478
Feb 20181140,66161.782.77$113,153
Jan 20181446,45462.874.01$187,129
Dec 20171347,98857.272.92$140,942
Nov 20171248,78155.423.12$152,782
Oct 20171052,54749.292.98$157,276
Sep 20171153,25647.523.09$164,939
Aug 2017954,71845.373.00$164,803
Jul 2017457,80443.873.09$178,633
Jun 2017057,88342.493.09$178,701
May 2017062,14945.373.26$202,817
Apr 2017063,45547.933.21$203,792
Mar 2017068,08146.772.98$203,132
Feb 2017062,09950.452.95$183,354
Jan 2017069,95349.413.42$239,155
Dec 2016072,56648.763.72$270,151
Nov 2016072,93642.492.64$192,868
Oct 2016078,55946.193.09$242,768
Sep 2016880,14741.553.10$248,839
Aug 20165286,99141.442.92$256,546
Jul 2016593,24741.622.92$272,894
Jun 20163293,32345.352.69$252,101
May 201647101,70742.521.99$204,501
Apr 201654102,47936.561.99$206,014
Mar 201684108,46833.011.79$197,366
Feb 201613097,24226.472.06$204,113
Jan 2016134108,19227.352.36$259,470
Dec 2015119109,36332.362.00$222,731
Nov 2015164114,87438.792.17$255,331
Oct 2015165128,26643.552.43$318,433
Sep 2015157130,66442.992.76$367,176
Aug 2015237135,16440.162.87$397,775
Jul 2015278157,49448.152.95$477,218
Jun 2015288133,91756.152.88$402,235
May 201519563,48555.212.96$198,393
Apr 2015408153,14049.822.71$434,811
Mar 2015519159,30642.892.93$489,777
Feb 2015518147,89444.662.98$463,295
Jan 2015833166,92843.433.10$553,759
Dec 2014704179,02154.693.59$681,431
Nov 2014519107,69570.464.25$494,471
Oct 2014724177,88778.303.90$750,619
Sep 2014762161,94086.164.05$720,772
Aug 2014717171,91589.394.04$757,790
Jul 2014745175,44096.564.18$805,206
Jun 2014629181,85798.164.74$923,177
May 20145053,17794.734.73$256,081

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             1 bbl  × $ 98.93 =        $99
Gas               12,690 Mcf  × $  2.87 =    $36,417

────────────────────────────────────────────────────
Month total                                  $36,516

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/276473 is the state's own key, not one this site invented.