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 279938District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$17.6 M
Aug 2015 – May 2026
Value, last 12 filed months
$480 k
at the published price for each month
Months reported
130
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
CondensateDisposition354 bbl$22,535
GasProduction6,140,601 Mcf$17,620,769
Total$17,643,305

Every month this lease reported (130)

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

130 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 202607563.503.75$281
Jan 202607,80059.138.00$62,384
Dec 2025014,75256.664.41$65,106
Nov 2025016,28958.593.93$63,958
Oct 2025017,64159.383.30$58,301
Sep 2025017,10462.743.08$52,628
Aug 2025018,58763.933.01$56,035
Jul 2025019,08466.743.32$63,267
Jun 2025018,48366.483.13$57,828
May 2025019,83960.553.23$64,126
Apr 2025020,19362.363.54$71,546
Mar 2025019,28867.704.27$82,327
Feb 2025017,68970.884.34$76,785
Jan 2025019,50074.324.28$83,434
Dec 2024019,42968.993.12$60,645
Nov 2024019,20369.052.20$42,217
Oct 2024020,27171.372.28$46,246
Sep 2024015,97469.612.36$37,768
Aug 2024020,29375.632.06$41,877
Jul 2024020,33479.932.15$43,649
Jun 2024019,83978.082.63$52,256
May 2024020,81878.812.20$45,767
Apr 2024020,74284.451.66$34,415
Mar 2024021,71280.301.55$33,548
Feb 2024020,57776.091.78$36,702
Jan 2024022,87273.023.30$75,424
Dec 2023023,79571.262.61$62,122
Nov 2023022,42677.892.81$62,962
Oct 2023024,29885.443.09$75,015
Sep 2023026,39489.042.74$72,189
Aug 2023099480.522.67$2,657
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 2023095072.852.39$2,274
Feb 2023020,96475.112.47$51,691
Jan 2023224,53676.533.39$83,274
Dec 202206,86876.415.73$39,347
Nov 2022017,11085.005.65$96,606
Oct 2022020,00487.185.86$117,299
Sep 2022221,46684.888.16$175,411
Aug 20221822,72994.529.13$209,153
Jul 20223019,674101.587.54$151,430
Jun 2022021,809115.097.98$173,975
May 2022026,403109.378.43$222,658
Apr 2022521,944104.226.84$150,565
Mar 2022018,287108.885.08$92,832
Feb 2022021,19491.054.86$102,978
Jan 2022023,61281.844.54$107,144
Dec 2021023,76371.323.90$92,655
Nov 2021023,02777.435.24$120,589
Oct 2021023,90479.795.71$136,584
Sep 2021323,38169.865.35$125,319
Aug 2021024,50166.024.22$103,409
Jul 2021025,05070.783.98$99,751
Jun 2021024,41669.493.38$82,541
May 2021026,05063.483.02$78,610
Apr 2021025,89660.362.76$71,432
Mar 2021027,80461.302.72$75,542
Feb 2021023,98657.805.55$133,073
Jan 2021029,08450.412.81$81,734
Dec 2020030,65844.642.68$82,024
Nov 2020025,17438.772.71$68,135
Oct 2020030,22136.972.48$74,901
Sep 2020029,94137.091.99$59,614
Aug 2020031,71439.982.39$75,641
Jul 2020033,30838.371.83$60,791
Jun 2020127,47234.901.69$46,471
May 2020029,43616.921.81$53,419
Apr 2020027,96414.751.80$50,458
Mar 2020028,10030.341.86$52,160
Feb 2020028,72649.881.98$56,897
Jan 2020132,49657.252.09$68,128
Dec 2019432,63359.012.30$75,434
Nov 2019329,66255.302.75$81,757
Oct 2019332,10653.472.42$77,810
Sep 2019035,11955.052.66$93,321
Aug 2019040,19753.112.30$92,628
Jul 2019034,05856.272.46$83,785
Jun 2019039,03852.782.49$97,251
May 20190058.482.74$0
Apr 201902,45362.632.75$6,747
Mar 201916,20856.803.06$19,066
Feb 2019110,50750.852.79$29,389
Jan 2019010,70246.033.23$34,548
Dec 20181311,75346.594.19$49,797
Nov 20183142,44252.934.24$181,478
Oct 20181545,23261.443.40$154,624
Sep 20184644,68259.543.11$141,611
Aug 2018047,21059.403.07$144,772
Jul 20181149,12165.142.93$144,733
Jun 20184749,20360.183.08$154,222
May 2018850,40565.382.90$146,738
Apr 20181652,26963.842.90$152,643
Mar 20182554,85461.222.79$154,400
Feb 2018751,10161.782.77$141,784
Jan 2018957,36962.874.01$230,577
Dec 2017259,20157.272.92$173,071
Nov 2017760,37255.423.12$188,650
Oct 2017064,07249.292.98$191,170
Sep 2017764,58047.523.09$199,709
Aug 20172067,18145.373.00$202,746
Jul 2017670,97643.873.09$219,386
Jun 2017571,66742.493.09$221,469
May 2017077,26045.373.26$252,130
Apr 2017178,66447.933.21$252,685
Mar 2017284,69646.772.98$252,799
Feb 2017080,11550.452.95$236,548
Jan 2017095,01149.413.42$324,824
Dec 2016087,30248.763.72$325,011
Nov 2016086,11842.492.64$227,726
Oct 20160103,12946.193.09$318,695
Sep 20160108,89541.553.10$337,643
Aug 2016096,82841.442.92$283,158
Jul 20160168,70741.622.92$493,357
Jun 20160187,56245.352.69$503,760
May 20160213,06642.521.99$424,223
Apr 20160223,56136.561.99$445,119
Mar 20160202,36833.011.79$363,050
Feb 20160244,54326.472.06$504,646
Jan 20160273,67227.352.36$647,059
Dec 20150250,42032.362.00$501,193
Nov 20150261,84938.792.17$567,513
Oct 20150231,80443.552.43$562,491
Sep 20152156,61442.992.76$432,093
Aug 2015032,12740.162.87$92,284

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.

Feb 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 63.50 =         $0
Gas                   75 Mcf  × $  3.75 =       $281

────────────────────────────────────────────────────
Month total                                     $281

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/279938 is the state's own key, not one this site invented.