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 276701District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$12.4 M
Sep 2014 – May 2026
Value, last 12 filed months
$50 k
at the published price for each month
Months reported
141
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
CondensateDisposition35,405 bbl$1,915,855
GasProduction3,332,639 Mcf$10,517,064
Total$12,432,919

Every month this lease reported (141)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

141 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 2025086062.743.08$2,646
Aug 202504,81763.933.01$14,522
Jul 202506,39166.743.32$21,187
Jun 2025183,40166.483.13$11,837
May 20251828,70260.553.23$39,148
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 2024714968.993.12$948
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20243069.612.36$209
Aug 2024359075.632.06$2,833
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 2024143680.301.55$754
Feb 202411,08076.091.78$2,002
Jan 202492,65573.023.30$9,412
Dec 2023164,51771.262.61$12,933
Nov 2023327,84977.892.81$24,529
Oct 2023339,74885.443.09$32,914
Sep 2023259,67089.042.74$28,674
Aug 20232410,87980.522.67$31,011
Jul 20232611,93774.852.64$33,481
Jun 20232110,04368.962.26$24,130
May 20233117,09370.622.23$40,262
Apr 2023211,41478.122.24$4,805
Mar 2023951,27472.852.39$9,970
Feb 2023148,64475.112.47$22,365
Jan 20234914,02676.533.39$51,266
Dec 20220076.415.73$0
Nov 202206385.005.65$356
Oct 2022296687.185.86$5,839
Sep 2022248,99184.888.16$75,437
Aug 20222910,63494.529.13$99,799
Jul 20221611,111101.587.54$85,425
Jun 2022910,905115.097.98$88,027
May 20222111,411109.378.43$98,526
Apr 20225911,117104.226.84$82,163
Mar 202213211,957108.885.08$75,071
Feb 20225113,49691.054.86$70,218
Jan 20225413,12581.844.54$63,976
Dec 2021222,55271.323.90$11,520
Nov 20214512,37277.435.24$68,275
Oct 20214716,37979.795.71$97,338
Sep 20216716,55669.865.35$93,270
Aug 20216916,66766.024.22$74,900
Jul 20216516,06970.783.98$68,589
Jun 20216015,92669.493.38$58,009
May 20216716,14763.483.02$52,979
Apr 20217215,02360.362.76$45,786
Mar 20218713,94361.302.72$43,215
Feb 20214814,48057.805.55$83,109
Jan 2021201,90850.412.81$6,370
Dec 20207315,64644.642.68$45,119
Nov 20206415,97438.772.71$45,716
Oct 20206716,36836.972.48$43,044
Sep 20206715,86337.091.99$34,069
Aug 20204815,96939.982.39$40,007
Jul 20204415,07138.371.83$29,195
Jun 20204712,86434.901.69$23,384
May 20203713,62816.921.81$25,357
Apr 20205713,71614.751.80$25,590
Mar 20206214,45330.341.86$28,709
Feb 20206913,93949.881.98$31,050
Jan 20209613,15057.252.09$33,042
Dec 20199313,03959.012.30$35,534
Nov 20199513,61855.302.75$42,713
Oct 20199515,01453.472.42$41,392
Sep 20196613,97755.052.66$40,774
Aug 20195312,25653.112.30$31,057
Jul 20195614,64456.272.46$39,176
Jun 20196914,28352.782.49$39,224
May 20197213,58258.482.74$41,430
Apr 201910714,13362.632.75$45,577
Mar 201914815,22756.803.06$55,033
Feb 201918114,50850.852.79$49,713
Jan 201933718,13146.033.23$74,042
Dec 201814314,20746.594.19$66,125
Nov 201814317,26752.934.24$80,733
Oct 201811618,33061.443.40$69,414
Sep 201810717,62759.543.11$61,156
Aug 201813619,16959.403.07$66,861
Jul 201815722,78165.142.93$77,018
Jun 201816722,04060.183.08$77,865
May 201822723,88665.382.90$84,130
Apr 201821726,89863.842.90$91,879
Mar 201820524,79861.222.79$81,658
Feb 201818122,50761.782.77$73,439
Jan 201833925,08162.874.01$121,871
Dec 201727624,66457.272.92$87,863
Nov 201721524,47055.423.12$88,222
Oct 201718026,20149.292.98$87,048
Sep 201717926,90547.523.09$91,569
Aug 201717129,07345.373.00$95,105
Jul 201722731,57143.873.09$107,427
Jun 201716730,69342.493.09$101,854
May 201719431,25945.373.26$110,812
Apr 201721530,89347.933.21$109,521
Mar 201723832,40946.772.98$107,829
Feb 201723130,25050.452.95$100,970
Jan 201726434,34149.413.42$130,449
Dec 201629835,92848.763.72$148,284
Nov 201622036,89242.492.64$106,903
Oct 201625139,65946.193.09$134,150
Sep 201622740,02241.553.10$133,525
Aug 201627042,12741.442.92$134,382
Jul 201629844,76441.622.92$143,308
Jun 201634646,71545.352.69$141,160
May 201645954,38342.521.99$127,795
Apr 201637625,62336.561.99$64,763
Mar 201639533,35533.011.79$72,878
Feb 201654940,72726.472.06$98,577
Jan 201655046,34027.352.36$124,607
Dec 201547650,00432.362.00$115,482
Nov 201568752,35338.792.17$140,115
Oct 201572559,11243.552.43$175,014
Sep 201568962,34542.992.76$201,594
Aug 201586768,55440.162.87$231,739
Jul 20151,14479,12848.152.95$288,122
Jun 201597573,63456.152.88$267,023
May 201597289,84155.212.96$319,185
Apr 20151,08098,92949.822.71$321,564
Mar 20151,403113,18842.892.93$392,349
Feb 20151,499108,31344.662.98$389,305
Jan 20152,241132,38843.433.10$507,813
Dec 20142,926148,43954.693.59$693,121
Nov 20142,882151,05370.464.25$845,319
Oct 20143,271153,13478.303.90$853,489
Sep 201482251,84386.164.05$280,551

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.

Sep 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 62.74 =         $0
Gas                  860 Mcf  × $  3.08 =     $2,646

────────────────────────────────────────────────────
Month total                                   $2,646

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/276701 is the state's own key, not one this site invented.