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 280688District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$14.1 M
Jun 2015 – May 2026
Value, last 12 filed months
$551 k
at the published price for each month
Months reported
132
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
CondensateDisposition28,061 bbl$1,259,489
GasProduction4,340,115 Mcf$12,824,259
Total$14,083,748

Every month this lease reported (132)

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

132 months

May 202600106.413.05$0
Apr 20267811,49398.932.87$40,698
Mar 2026910,68989.753.15$34,472
Feb 20263011,22663.503.75$44,006
Jan 202617312,98559.138.00$114,082
Dec 202512910,66056.664.41$54,356
Nov 2025746,69658.593.93$30,627
Oct 202519413,62859.383.30$56,558
Sep 202517615,64462.743.08$59,178
Aug 2025913,44463.933.01$41,106
Jul 20253311,78166.743.32$41,259
Jun 2025710,97966.483.13$34,816
May 2025811,12160.553.23$36,431
Apr 20251611,18562.363.54$40,628
Mar 20252312,34367.704.27$54,241
Feb 20251511,96570.884.34$53,001
Jan 202579,38474.324.28$40,671
Dec 20241411,29168.993.12$36,209
Nov 202478,52369.052.20$19,221
Oct 202449,04671.372.28$20,923
Sep 202447,21669.612.36$17,340
Aug 202409,82775.632.06$20,279
Jul 202417,69379.932.15$16,594
Jun 202407,78978.082.63$20,516
May 202439,08378.812.20$20,205
Apr 202469,17484.451.66$15,728
Mar 2024610,62180.301.55$16,893
Feb 202459,71976.091.78$17,716
Jan 20241110,38573.023.30$35,049
Dec 2023011,58071.262.61$30,232
Nov 2023010,54777.892.81$29,611
Oct 2023110,67985.443.09$33,055
Sep 2023010,35189.042.74$28,310
Aug 2023015,26380.522.67$40,796
Jul 202339,55774.852.64$25,472
Jun 202365,17668.962.26$12,104
May 2023312,30870.622.23$27,627
Apr 20231214,38678.122.24$33,130
Mar 20231512,26772.852.39$30,450
Feb 20231812,27575.112.47$31,618
Jan 20231913,23076.533.39$46,274
Dec 2022319,52376.415.73$56,927
Nov 2022198,64685.005.65$50,432
Oct 20221617,11387.185.86$101,741
Sep 20221114,34484.888.16$118,034
Aug 20222517,73194.529.13$164,197
Jul 20221415,314101.587.54$116,922
Jun 2022119,721115.097.98$78,812
May 20221010,917109.378.43$93,157
Apr 20221511,763104.226.84$81,994
Mar 20222815,505108.885.08$81,758
Feb 20222312,48291.054.86$62,742
Jan 20222814,52981.844.54$68,219
Dec 2021168,97571.323.90$36,136
Nov 20212115,98777.435.24$85,348
Oct 20211617,64179.795.71$102,075
Sep 20211417,24369.865.35$93,244
Aug 20211617,74466.024.22$75,946
Jul 20211917,68870.783.98$71,780
Jun 20211817,34969.493.38$59,901
May 20211918,26663.483.02$56,327
Apr 20212711,74360.362.76$34,022
Mar 20217515,87561.302.72$47,729
Feb 20214510,67557.805.55$61,825
Jan 20213415,37250.412.81$44,913
Dec 20203115,51744.642.68$42,899
Nov 20202415,36338.772.71$42,512
Oct 20202516,14236.972.48$40,931
Sep 20203115,86337.091.99$32,734
Aug 20201916,68739.982.39$40,560
Jul 20202016,84338.371.83$31,508
Jun 20202616,65834.901.69$29,065
May 20202618,58216.921.81$34,162
Apr 20205010,37314.751.80$19,454
Mar 20206515,20530.341.86$30,196
Feb 20206215,98849.881.98$34,760
Jan 20206917,84257.252.09$41,325
Dec 20196918,63459.012.30$47,011
Nov 20195618,30255.302.75$53,440
Oct 2019920,69453.472.42$50,531
Sep 20191214,68755.052.66$39,688
Aug 2019161,12953.112.30$3,451
Jul 20195115,80756.272.46$41,756
Jun 20197922,79152.782.49$60,947
May 20197923,55758.482.74$69,174
Apr 20199123,54062.632.75$70,451
Mar 201912325,04056.803.06$83,661
Feb 201910723,21550.852.79$70,262
Jan 201913526,12546.033.23$90,550
Dec 201813126,22246.594.19$115,854
Nov 201810126,19652.934.24$116,345
Oct 201810229,18761.443.40$105,447
Sep 20188320,98559.543.11$70,163
Aug 201810728,89359.403.07$94,958
Jul 201811029,37765.142.93$93,295
Jun 20188429,09660.183.08$94,581
May 20184834,23165.382.90$102,436
Apr 201811231,07263.842.90$97,284
Mar 201813733,04661.222.79$100,481
Feb 201812231,23161.782.77$93,926
Jan 201816235,95362.874.01$154,332
Dec 201715436,90357.272.92$116,632
Nov 201714937,15055.423.12$124,105
Oct 201714538,10649.292.98$120,843
Sep 201713937,63247.523.09$122,786
Aug 201713041,28245.373.00$129,926
Jul 201716743,38443.873.09$141,265
Jun 201713444,21442.493.09$142,195
May 201716747,79945.373.26$163,564
Apr 201719349,32547.933.21$167,663
Mar 201722056,90246.772.98$180,067
Feb 201722352,18950.452.95$165,344
Jan 201723158,18849.413.42$210,347
Dec 201636855,57148.763.72$224,825
Nov 201632465,78042.492.64$187,712
Oct 201643067,82046.193.09$229,443
Sep 201642371,37441.553.10$238,880
Aug 201651577,30041.442.92$247,393
Jul 201653885,30341.622.92$271,847
Jun 201661084,80745.352.69$255,441
May 201672093,66542.521.99$217,105
Apr 201673795,37636.561.99$216,842
Mar 201698099,02333.011.79$209,998
Feb 20161,14499,06326.472.06$234,711
Jan 20161,184114,32427.352.36$302,685
Dec 20151,093125,95032.362.00$287,447
Nov 20151,572135,65238.792.17$354,981
Oct 20151,702156,44643.552.43$453,751
Sep 20151,732170,48542.992.76$544,728
Aug 20152,475202,71740.162.87$681,699
Jul 20153,145236,07548.152.95$846,692
Jun 20152,073204,88256.152.88$707,045

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            78 bbl  × $ 98.93 =     $7,717
Gas               11,493 Mcf  × $  2.87 =    $32,982

────────────────────────────────────────────────────
Month total                                  $40,698

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/280688 is the state's own key, not one this site invented.