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 277229District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$7.7 M
Sep 2014 – May 2026
Value, last 12 filed months
$0
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
CondensateDisposition35,018 bbl$1,793,560
GasProduction1,983,812 Mcf$5,935,206
Total$7,728,766

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 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 202503260.553.23$103
Apr 202505962.363.54$209
Mar 202587,33967.704.27$31,867
Feb 202514310,14970.884.34$54,191
Jan 20251011,25374.324.28$48,891
Dec 2024810,86768.993.12$34,472
Nov 2024210,46369.052.20$23,140
Oct 202439,00671.372.28$20,760
Sep 202487,57469.612.36$18,465
Aug 2024657,42075.632.06$20,228
Jul 2024215,46579.932.15$13,410
Jun 202414178.082.63$186
May 2024252,14778.812.20$6,690
Apr 2024654,96584.451.66$13,727
Mar 2024554,40380.301.55$11,220
Feb 2024644,49476.091.78$12,885
Jan 2024323,20873.023.30$12,916
Dec 2023523,73871.262.61$13,464
Nov 2023252,55077.892.81$9,107
Oct 2023051085.443.09$1,575
Sep 2023044589.042.74$1,217
Aug 2023053680.522.67$1,433
Jul 2023063074.852.64$1,664
Jun 2023184068.962.26$1,966
May 2023611,86870.622.23$8,469
Apr 202311,01478.122.24$2,347
Mar 2023352872.852.39$1,482
Feb 2023231,72175.112.47$5,971
Jan 2023411,64276.533.39$8,700
Dec 2022441,78776.415.73$13,600
Nov 2022129785.005.65$1,762
Oct 2022041087.185.86$2,404
Sep 2022168284.888.16$5,653
Aug 202201,04094.529.13$9,492
Jul 202211,916101.587.54$14,552
Jun 20220692115.097.98$5,520
May 20220591109.378.43$4,984
Apr 20221906104.226.84$6,299
Mar 20224166108.885.08$1,278
Feb 2022623391.054.86$1,678
Jan 2022311,19981.844.54$7,978
Dec 2021794,51471.323.90$23,235
Nov 20211838,58077.435.24$59,102
Oct 2021805,66479.795.71$38,747
Sep 2021815,85869.865.35$37,004
Aug 2021825,56966.024.22$28,918
Jul 2021517,36770.783.98$32,946
Jun 2021685,79169.493.38$24,302
May 20211065,85963.483.02$24,409
Apr 20211266,36760.362.76$25,168
Mar 20211889,89561.302.72$38,409
Feb 20211417,76357.805.55$51,219
Jan 20211499,27050.412.81$33,562
Dec 20201348,70344.642.68$29,266
Nov 20201048,19838.772.71$26,221
Oct 2020756,33236.972.48$18,466
Sep 2020595,99237.091.99$14,119
Aug 2020666,83139.982.39$18,931
Jul 2020567,63738.371.83$16,087
Jun 2020675,68434.901.69$11,946
May 2020523,45116.921.81$7,143
Apr 20201056,26214.751.80$12,848
Mar 20201367,41830.341.86$17,896
Feb 20201337,55049.881.98$21,588
Jan 2020668,96157.252.09$22,549
Dec 201957,58959.012.30$17,783
Nov 2019347,10855.302.75$21,432
Oct 2019857,47853.472.42$22,631
Sep 20191116,08855.052.66$22,288
Aug 20191126,77753.112.30$21,565
Jul 2019296,29156.272.46$17,108
Jun 201907,22452.782.49$17,996
May 20191914,05858.482.74$39,635
Apr 201913216,15762.632.75$52,710
Mar 20192985,74356.803.06$34,512
Feb 20193296,89150.852.79$35,971
Jan 20192958,14146.033.23$39,859
Dec 20183108,83046.594.19$51,400
Nov 20181806,97852.934.24$39,095
Oct 201830212,90161.443.40$62,394
Sep 201834015,25259.543.11$67,647
Aug 201843017,15259.403.07$78,140
Jul 201837317,12265.142.93$74,497
Jun 201830716,77260.183.08$70,081
May 201818717,45265.382.90$62,851
Apr 201831817,48463.842.90$71,019
Mar 201851617,53861.222.79$80,465
Feb 201838215,68361.782.77$66,981
Jan 201828614,21062.874.01$74,953
Dec 201745816,64957.272.92$74,870
Nov 201742816,89255.423.12$76,395
Oct 201741717,23549.292.98$71,978
Sep 201742119,67847.523.09$80,757
Aug 201740220,13045.373.00$78,717
Jul 201755020,94943.873.09$88,804
Jun 201739321,46142.493.09$82,955
May 201738722,92145.373.26$92,359
Apr 20171395,84147.933.21$25,421
Mar 201713019,96346.772.98$65,643
Feb 201712418,37350.452.95$60,504
Jan 201726921,13649.413.42$85,551
Dec 201648621,56248.763.72$103,969
Nov 201637722,07142.492.64$74,382
Oct 201639423,18146.193.09$89,834
Sep 201638223,49941.553.10$88,734
Aug 201648526,43141.442.92$97,392
Jul 201646426,75841.622.92$97,561
Jun 201644026,99745.352.69$92,463
May 201649629,97042.521.99$80,761
Apr 201655035,30736.561.99$90,406
Mar 201652333,05533.011.79$76,565
Feb 201663132,16526.472.06$83,079
Jan 201664735,34327.352.36$101,259
Dec 201555340,80032.362.00$99,553
Nov 201569240,22638.792.17$114,026
Oct 201556437,44243.552.43$115,418
Sep 201546436,48542.992.76$120,588
Aug 201553940,23540.162.87$137,221
Jul 201565743,86448.152.95$160,818
Jun 201556646,32656.152.88$165,332
May 201588551,98955.212.96$202,512
Apr 20151,04157,73949.822.71$208,137
Mar 20151,26362,45542.892.93$237,457
Feb 20151,01354,72244.662.98$208,104
Jan 20152,24485,73243.433.10$363,280
Dec 20142,571106,99854.693.59$524,876
Nov 20141,48964,85370.464.25$380,660
Oct 20141,91188,44178.303.90$494,636
Sep 2014067786.164.05$2,739

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.

May 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 60.55 =         $0
Gas                   32 Mcf  × $  3.23 =       $103

────────────────────────────────────────────────────
Month total                                     $103

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/277229 is the state's own key, not one this site invented.