GALVAN RANCH N7

Operated by PETROVYBE OPCO LLC (P-5 101779) in the LAS TIENDAS (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 237425District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$970 k
Mar 2008 – May 2026
Value, last 12 filed months
$9 k
at the published price for each month
Months reported
219
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 754 leases and 754 wells, and the rule below applies to all of them.

Discovered
1974-04-22
as the register files it
Field class
Gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2011-08-23.

The Commission's schedule remark for this field reads: REMAINS SUSPENDED. FIELD REMAINS SET TO MANUAL REVIEW.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112008-08-18184183
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition205 bbl$14,857
GasProduction190,643 Mcf$955,194
Total$970,052

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 28.0364, -99.6775. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.03639, -99.67750 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
6,760 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 6,760 ft.

Completions filed
Mar 2008
1 of 1 wells

1 well

42-4794000716,760 ftMar 2008

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (219)

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

219 months

May 20260123106.413.05$375
Apr 2026017398.932.87$496
Mar 2026021389.753.15$671
Feb 2026015763.503.75$589
Jan 2026016759.138.00$1,336
Dec 2025018156.664.41$799
Nov 2025020758.593.93$813
Oct 2025025359.383.30$836
Sep 2025033462.743.08$1,028
Aug 2025027763.933.01$835
Jul 2025026166.743.32$865
Jun 2025026166.483.13$817
May 2025027060.553.23$873
Apr 2025030462.363.54$1,077
Mar 2025032367.704.27$1,379
Feb 2025037770.884.34$1,637
Jan 2025032674.324.28$1,395
Dec 2024035968.993.12$1,121
Nov 2024025869.052.20$567
Oct 2024036071.372.28$821
Sep 2024033869.612.36$799
Aug 2024034875.632.06$718
Jul 2024035679.932.15$764
Jun 2024034178.082.63$898
May 2024031778.812.20$697
Apr 2024033984.451.66$562
Mar 2024035680.301.55$550
Feb 2024039976.091.78$712
Jan 2024033673.023.30$1,108
Dec 2023035371.262.61$922
Nov 2023034277.892.81$960
Oct 2023029785.443.09$917
Sep 2023031689.042.74$864
Aug 2023031680.522.67$845
Jul 2023031174.852.64$822
Jun 2023030368.962.26$684
May 2023036970.622.23$822
Apr 2023033578.122.24$750
Mar 2023036972.852.39$883
Feb 2023031375.112.47$772
Jan 2023029876.533.39$1,010
Dec 2022043076.415.73$2,464
Nov 2022042585.005.65$2,400
Oct 2022036187.185.86$2,117
Sep 2022036084.888.16$2,939
Aug 2022030494.529.13$2,775
Jul 20220400101.587.54$3,017
Jun 20220421115.097.98$3,358
May 20220392109.378.43$3,306
Apr 20220468104.226.84$3,200
Mar 20220487108.885.08$2,472
Feb 2022042091.054.86$2,041
Jan 2022051281.844.54$2,323
Dec 2021055071.323.90$2,145
Nov 2021056877.435.24$2,975
Oct 2021054879.795.71$3,131
Sep 2021048869.865.35$2,611
Aug 2021055766.024.22$2,351
Jul 2021059370.783.98$2,361
Jun 2021051769.493.38$1,748
May 2021057563.483.02$1,735
Apr 2021053160.362.76$1,465
Mar 2021053561.302.72$1,454
Feb 2021041257.805.55$2,286
Jan 2021055950.412.81$1,571
Dec 2020054144.642.68$1,447
Nov 2020047938.772.71$1,296
Oct 2020059436.972.48$1,472
Sep 2020057037.091.99$1,135
Aug 2020059739.982.39$1,424
Jul 2020060138.371.83$1,097
Jun 2020057434.901.69$970
May 2020058716.921.81$1,065
Apr 2020063214.751.80$1,140
Mar 2020030430.341.86$564
Feb 2020028749.881.98$568
Jan 2020033857.252.09$708
Dec 2019029659.012.30$682
Nov 2019029955.302.75$822
Oct 2019031553.472.42$762
Sep 2019032055.052.66$850
Aug 2019030653.112.30$705
Jul 2019033456.272.46$822
Jun 2019029852.782.49$742
May 2019030458.482.74$833
Apr 2019031862.632.75$875
Mar 2019033156.803.06$1,014
Feb 2019031150.852.79$868
Jan 2019035546.033.23$1,146
Dec 2018036846.594.19$1,540
Nov 2018036752.934.24$1,555
Oct 2018036161.443.40$1,227
Sep 2018029059.543.11$901
Aug 2018036559.403.07$1,119
Jul 2018034065.142.93$997
Jun 2018036260.183.08$1,114
May 2018040165.382.90$1,163
Apr 2018038063.842.90$1,102
Mar 2018042061.222.79$1,170
Feb 2018039461.782.77$1,090
Jan 2018036962.874.01$1,479
Dec 2017340357.272.92$1,349
Nov 2017043355.423.12$1,350
Oct 2017246949.292.98$1,498
Sep 2017253347.523.09$1,741
Aug 2017233945.373.00$1,109
Jul 2017033043.873.09$1,019
Jun 2017247742.493.09$1,558
May 2017250645.373.26$1,742
Apr 2017262547.933.21$2,103
Mar 2017063846.772.98$1,904
Feb 2017251050.452.95$1,607
Jan 2017748449.413.42$2,001
Dec 2016058448.763.72$2,174
Nov 2016058842.492.64$1,555
Oct 2016169146.193.09$2,182
Sep 2016076741.553.10$2,378
Aug 2016187341.442.92$2,594
Jul 201651,08841.622.92$3,390
Jun 201601,03945.352.69$2,791
May 2016085342.521.99$1,698
Apr 2016377836.561.99$1,659
Mar 2016070433.011.79$1,263
Feb 2016468026.472.06$1,509
Jan 2016063227.352.36$1,494
Dec 2015464732.362.00$1,424
Nov 2015071738.792.17$1,554
Oct 2015479743.552.43$2,108
Sep 2015062542.992.76$1,724
Aug 2015360840.162.87$1,867
Jul 2015048848.152.95$1,437
Jun 2015036256.152.88$1,044
May 2015344655.212.96$1,484
Apr 2015045149.822.71$1,221
Mar 2015152842.892.93$1,592
Feb 2015030444.662.98$905
Jan 201534943.433.10$282
Dec 2014085754.693.59$3,078
Nov 2014485270.464.25$3,904
Oct 2014094278.303.90$3,675
Sep 2014290986.164.05$3,850
Aug 2014054189.394.04$2,183
Jul 2014053496.564.18$2,232
Jun 2014351298.164.74$2,720
May 2014096994.734.73$4,580
Apr 2014291495.944.81$4,587
Mar 2014056195.895.06$2,837
Feb 2014236897.406.19$2,473
Jan 2014093290.404.86$4,530
Dec 2013075191.824.35$3,270
Nov 2013086988.853.74$3,249
Oct 2013092897.423.78$3,507
Sep 201301,098104.113.72$4,082
Aug 20130632104.253.52$2,226
Jul 20130594102.523.72$2,208
Jun 2013022894.403.93$897
May 2013084594.834.15$3,506
Apr 2013067093.964.28$2,869
Mar 2013081193.623.91$3,173
Feb 2013068791.233.42$2,349
Jan 2013068591.603.42$2,343
Dec 2012086586.773.42$2,958
Nov 201201,01886.953.62$3,690
Oct 201201,00689.383.40$3,420
Sep 201201,00094.672.92$2,918
Aug 201201,14792.662.91$3,336
Jul 201201,20285.133.02$3,631
Jun 201201,23479.822.52$3,109
May 201221,26491.612.49$3,328
Apr 201201,371101.652.00$2,738
Mar 201201,398105.052.22$3,106
Feb 201201,399101.102.57$3,596
Jan 201201,46098.092.73$3,992
Dec 201101,42996.873.24$4,630
Nov 201151,64595.723.31$5,926
Oct 201102,75584.983.65$10,052
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 2011065094.144.52$2,936
Jun 20110092.904.64$0
May 201121,00198.134.40$4,605
Apr 20110380105.964.33$1,647
Mar 201151,32296.364.06$5,846
Feb 201101,24685.644.18$5,208
Jan 201121,42086.504.59$6,689
Dec 201021,43785.734.35$6,419
Nov 201001,43680.843.80$5,450
Oct 201031,45078.103.51$5,322
Sep 201011,48772.633.98$5,990
Aug 201031,89473.684.42$8,591
Jul 201021,96772.554.74$9,462
Jun 201001,58570.364.91$7,783
May 201051,52371.124.24$6,806
Apr 201021,42381.694.12$6,030
Mar 201051,75378.394.39$8,085
Feb 201051,77373.585.44$10,017
Jan 201042,09274.365.96$12,774
Dec 200972,03871.445.48$11,676
Nov 200921,99474.593.75$7,630
Oct 200942,07372.544.11$8,811
Sep 200931,98265.543.06$6,271
Aug 200952,08567.423.22$7,048
Jul 200981,72561.133.46$6,465
Jun 200942,14666.163.90$8,623
May 200902,16554.743.93$8,499
Apr 200982,27146.773.59$8,521
Mar 200902,09942.144.06$8,520
Feb 200932,22432.814.63$10,402
Jan 200902,61035.865.37$14,018
Dec 200872,77537.105.98$16,846
Nov 200802,57655.496.86$17,672
Oct 200803,73875.246.92$25,874
Sep 200803,351101.767.88$26,396
Aug 2008143,688114.228.48$32,884
Jul 200804,571131.0811.39$52,061
Jun 200804,976131.3313.03$64,850
May 2008196,076123.1711.57$72,666
Apr 200845,188110.3110.45$54,681
Mar 200805,568101.909.66$53,810

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 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  123 Mcf  × $  3.05 =       $375

────────────────────────────────────────────────────
Month total                                     $375

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. 04/G/237425 is the state's own key, not one this site invented.