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 281094District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$11.4 M
Sep 2015 – May 2026
Value, last 12 filed months
$865 k
at the published price for each month
Months reported
129
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
CondensateDisposition14,992 bbl$886,665
GasProduction3,154,316 Mcf$10,506,247
Total$11,392,913

Every month this lease reported (129)

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

129 months

May 202600106.413.05$0
Apr 20263219,04698.932.87$57,822
Mar 2026022,32089.753.15$70,296
Feb 2026019,51563.503.75$73,187
Jan 2026023,10159.138.00$184,760
Dec 2025023,96056.664.41$105,744
Nov 2025015,28758.593.93$60,023
Oct 2025014,04159.383.30$46,403
Sep 2025220,67462.743.08$63,738
Aug 20253422,91963.933.01$71,269
Jul 20256519,39566.743.32$68,636
Jun 20256718,63066.483.13$62,742
May 20256818,39460.553.23$63,573
Apr 20257817,59462.363.54$67,202
Mar 20258519,08667.704.27$87,220
Feb 20259018,00070.884.34$84,514
Jan 20259421,09774.324.28$97,253
Dec 20249520,99868.993.12$72,097
Nov 20248323,84869.052.20$58,160
Oct 20247621,36971.372.28$54,175
Sep 20247521,91569.612.36$57,036
Aug 20247321,82375.632.06$50,556
Jul 20247124,04479.932.15$57,288
Jun 20248024,39378.082.63$70,497
May 20248724,96678.812.20$61,743
Apr 20249225,65184.451.66$50,330
Mar 202410424,23280.301.55$45,793
Feb 20248819,29576.091.78$41,111
Jan 202411826,62873.023.30$96,426
Dec 202312527,24771.262.61$80,042
Nov 202311326,84777.892.81$84,176
Oct 202310528,67085.443.09$97,484
Sep 20238726,19589.042.74$79,391
Aug 20238425,13980.522.67$73,957
Jul 20238925,26774.852.64$73,412
Jun 20238225,78968.962.26$63,899
May 20239925,87470.622.23$64,623
Apr 20238924,95478.122.24$62,794
Mar 202310425,94672.852.39$69,669
Feb 202310024,45975.112.47$67,819
Jan 20237515,76876.533.39$59,157
Dec 202212829,47876.415.73$178,662
Nov 202210427,86285.005.65$166,154
Oct 202210723,37187.185.86$146,370
Sep 20227617,82384.888.16$151,952
Aug 20229724,10594.529.13$229,179
Jul 20228622,990101.587.54$182,128
Jun 20229122,378115.097.98$188,987
May 20228121,651109.378.43$191,443
Apr 202210022,348104.226.84$163,229
Mar 202211821,989108.885.08$124,473
Feb 202211419,48791.054.86$105,064
Jan 2022526,67981.844.54$34,563
Dec 2021378,52471.323.90$35,875
Nov 202111720,21477.435.24$114,917
Oct 202114827,90879.795.71$171,272
Sep 202113522,67369.865.35$130,753
Aug 202114523,59866.024.22$109,170
Jul 20217611,57070.783.98$51,452
Jun 20217310,78269.493.38$41,523
May 20219614,71363.483.02$50,493
Apr 2021387,12860.362.76$21,956
Mar 202113414,61361.302.72$47,917
Feb 202118522,10357.805.55$133,319
Jan 202117616,37450.412.81$54,888
Dec 20201019,82844.642.68$30,803
Nov 2020678,39938.772.71$25,330
Oct 20208510,33736.972.48$28,762
Sep 2020247,25437.091.99$15,333
Aug 2020157,33139.982.39$18,085
Jul 20209016,01938.371.83$32,690
Jun 202010216,95334.901.69$32,216
May 20207020,43216.921.81$38,263
Apr 202012225,33014.751.80$47,504
Mar 202012927,09130.341.86$54,201
Feb 202012725,49849.881.98$56,838
Jan 202013627,26157.252.09$64,891
Dec 201913928,07959.012.30$72,907
Nov 201912522,22155.302.75$68,036
Oct 201912925,11153.472.42$67,630
Sep 20199923,18955.052.66$67,070
Aug 201910523,67153.112.30$60,123
Jul 20198725,53356.272.46$67,708
Jun 20198224,32852.782.49$64,934
May 201911825,06458.482.74$75,584
Apr 201916725,34662.632.75$80,178
Mar 201919928,10356.803.06$97,357
Feb 201915726,83350.852.79$82,907
Jan 20198111,95446.033.23$42,318
Dec 20182046.594.19$93
Nov 2018277,70552.934.24$34,077
Oct 20186820,93761.443.40$75,324
Sep 2018323,54359.543.11$73,350
Aug 20181627,82859.403.07$86,287
Jul 20186827,75765.142.93$85,810
Jun 20189325,38760.183.08$83,711
May 201819126,13865.382.90$88,309
Apr 201822731,91563.842.90$107,071
Mar 201829236,36861.222.79$119,228
Feb 201825135,34061.782.77$113,261
Jan 201836842,39562.874.01$193,111
Dec 201739147,95757.272.92$162,500
Nov 201743553,30055.423.12$190,316
Oct 201748957,22749.292.98$194,850
Sep 201731786,78147.523.09$282,981
Aug 2017222124,04045.373.00$382,738
Jul 2017847207,86343.873.09$678,889
Jun 20171,483258,01042.493.09$859,562
May 20171,323167,92345.373.26$608,024
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0

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            32 bbl  × $ 98.93 =     $3,166
Gas               19,046 Mcf  × $  2.87 =    $54,657

────────────────────────────────────────────────────
Month total                                  $57,822

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/281094 is the state's own key, not one this site invented.