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 276893District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$21.7 M
Oct 2014 – May 2026
Value, last 12 filed months
$958 k
at the published price for each month
Months reported
140
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
CondensateDisposition9,888 bbl$478,792
GasProduction6,766,773 Mcf$21,240,915
Total$21,719,706

Every month this lease reported (140)

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

140 months

May 202600106.413.05$0
Apr 2026521,36898.932.87$61,815
Mar 2026723,37589.753.15$74,246
Feb 2026720,79863.503.75$78,444
Jan 20261223,49559.138.00$188,621
Dec 2025621,06556.664.41$93,307
Nov 2025622,63858.593.93$89,238
Oct 2025523,26459.383.30$77,181
Sep 2025122,57962.743.08$69,537
Aug 2025023,84163.933.01$71,875
Jul 2025024,33266.743.32$80,665
Jun 2025123,48166.483.13$73,532
May 2025124,41260.553.23$78,968
Apr 2025023,85462.363.54$84,518
Mar 2025024,74667.704.27$105,624
Feb 2025022,56870.884.34$97,964
Jan 2025024,83974.324.28$106,278
Dec 2024025,14768.993.12$78,493
Nov 2024025,11969.052.20$55,223
Oct 2024027,86971.372.28$63,580
Sep 2024022,43769.612.36$53,049
Aug 2024027,96875.632.06$57,716
Jul 2024031,40879.932.15$67,420
Jun 2024022,80178.082.63$60,057
May 2024015,72978.812.20$34,579
Apr 2024019,88384.451.66$32,990
Mar 2024019,68080.301.55$30,408
Feb 2024017,85976.091.78$31,854
Jan 2024013,15873.023.30$43,391
Dec 2023017,36971.262.61$45,346
Nov 2023021,37477.892.81$60,009
Oct 2023030,11785.443.09$92,980
Sep 2023028,78889.042.74$78,736
Aug 2023029,67880.522.67$79,326
Jul 2023029,12374.852.64$76,937
Jun 2023028,07468.962.26$63,405
May 2023029,01770.622.23$64,632
Apr 2023028,19678.122.24$63,096
Mar 2023028,27972.852.39$67,676
Feb 2023026,54675.112.47$65,454
Jan 2023129,26176.533.39$99,205
Dec 20221228,68776.415.73$165,267
Nov 2022026,65685.005.65$150,505
Oct 2022030,41487.185.86$178,340
Sep 2022028,03384.888.16$228,852
Aug 2022030,23694.529.13$275,969
Jul 2022029,262101.587.54$220,696
Jun 2022030,419115.097.98$242,658
May 2022030,443109.378.43$256,727
Apr 2022029,550104.226.84$202,051
Mar 2022031,180108.885.08$158,282
Feb 2022021,57691.054.86$104,834
Jan 2022030,38881.844.54$137,891
Dec 2021030,57371.323.90$119,208
Nov 2021029,55977.435.24$154,796
Oct 2021030,59979.795.71$174,839
Sep 2021030,03769.865.35$160,726
Aug 2021031,35866.024.22$132,349
Jul 2021031,83070.783.98$126,750
Jun 2021231,31469.493.38$106,000
May 2021232,91163.483.02$99,442
Apr 2021032,44260.362.76$89,489
Mar 2021134,76761.302.72$94,521
Feb 2021028,44457.805.55$157,806
Jan 2021032,68250.412.81$91,845
Dec 2020132,73444.642.68$87,623
Nov 2020531,82838.772.71$86,339
Oct 2020533,20936.972.48$82,491
Sep 2020532,51037.091.99$64,914
Aug 2020434,25139.982.39$81,852
Jul 2020532,59638.371.83$59,683
Jun 2020834,11134.901.69$57,937
May 2020735,71416.921.81$64,930
Apr 20201234,58814.751.80$62,587
Mar 20201440,71330.341.86$75,997
Feb 20201735,14149.881.98$70,451
Jan 20202036,49457.252.09$77,590
Dec 20191937,82459.012.30$88,281
Nov 20191737,72355.302.75$104,705
Oct 20191739,45253.472.42$96,325
Sep 20191339,49955.052.66$105,676
Aug 20191441,78153.112.30$97,022
Jul 20191241,62556.272.46$103,075
Jun 20191542,36652.782.49$106,334
May 20191946,81958.482.74$129,410
Apr 20193353,65362.632.75$149,650
Mar 20193616,86356.803.06$53,681
Feb 2019108,38750.852.79$23,927
Jan 20193442,53046.033.23$138,860
Dec 20183642,95946.594.19$181,480
Nov 20182842,70452.934.24$182,429
Oct 20182645,28661.443.40$155,483
Sep 20182444,80359.543.11$140,677
Aug 20182647,40559.403.07$146,915
Jul 20182538,45865.142.93$114,383
Jun 20181546,62060.183.08$144,349
May 20181848,92665.382.90$143,101
Apr 20182048,30063.842.90$141,385
Mar 20182451,50861.222.79$145,014
Feb 20182247,51761.782.77$132,797
Jan 20183153,91962.874.01$218,128
Dec 20172855,08257.272.92$162,527
Nov 20172555,60455.423.12$174,779
Oct 20172859,08449.292.98$177,668
Sep 20173856,48247.523.09$176,182
Aug 20172856,13645.373.00$169,925
Jul 20173761,06743.873.09$190,154
Jun 20173260,80942.493.09$189,094
May 20174064,90645.373.26$213,629
Apr 20174766,28347.933.21$215,127
Mar 20176173,26346.772.98$221,446
Feb 20178356,05750.452.95$169,701
Jan 201710459,54549.413.42$208,711
Dec 201614468,66248.763.72$262,638
Nov 20168460,86842.492.64$164,525
Oct 20166656,90746.193.09$178,906
Sep 20164739,61841.553.10$124,794
Aug 20163423,32441.442.92$69,616
Jul 20167978,72441.622.92$233,504
Jun 20168778,89745.352.69$215,849
May 201610884,99642.521.99$173,823
Apr 201611981,61336.561.99$166,845
Mar 201614185,54933.011.79$158,130
Feb 201616984,04526.472.06$177,911
Jan 201617696,40727.352.36$232,754
Dec 2015156102,14432.362.00$209,480
Nov 2015230105,85938.792.17$238,353
Oct 2015309118,50143.552.43$301,009
Sep 2015245121,14742.992.76$344,707
Aug 2015276136,80940.162.87$404,067
Jul 2015375146,55948.152.95$449,684
Jun 2015407129,61556.152.88$396,515
May 2015510145,14955.212.96$457,138
Apr 2015514153,60749.822.71$441,356
Mar 2015720177,20842.892.93$550,935
Feb 2015728162,24944.662.98$515,396
Jan 20151,062182,16243.433.10$610,940
Dec 20141,126196,65654.693.59$767,843
Nov 2014705199,61270.464.25$898,393
Oct 20141415,85778.303.90$62,954

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             5 bbl  × $ 98.93 =       $495
Gas               21,368 Mcf  × $  2.87 =    $61,320

────────────────────────────────────────────────────
Month total                                  $61,815

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/276893 is the state's own key, not one this site invented.