GALVAN RANCH P1

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 238451District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$371 k
Feb 2008 – May 2026
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
220
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 Gas112008-09-23184189
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
CondensateDisposition150 bbl$10,173
GasProduction90,626 Mcf$360,904
Total$371,076

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 28.0641, -99.6423. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.06413, -99.64229 · 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
6,900 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 6,900 ft.

Completions filed
Mar 2008
1 of 1 wells

1 well

42-4794004316,900 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 (220)

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

220 months

May 2026027106.413.05$82
Apr 202603998.932.87$112
Mar 202604989.753.15$154
Feb 202603563.503.75$131
Jan 202603759.138.00$296
Dec 202504056.664.41$177
Nov 202504658.593.93$181
Oct 202505659.383.30$185
Sep 2025011162.743.08$342
Aug 202506163.933.01$184
Jul 2025011666.743.32$385
Jun 2025011666.483.13$363
May 2025012860.553.23$414
Apr 202506862.363.54$241
Mar 202507267.704.27$307
Feb 202508470.884.34$365
Jan 202507274.324.28$308
Dec 202408068.993.12$250
Nov 202405769.052.20$125
Oct 202408071.372.28$183
Sep 202407569.612.36$177
Aug 202407775.632.06$159
Jul 202407979.932.15$170
Jun 202407678.082.63$200
May 202407078.812.20$154
Apr 202407584.451.66$124
Mar 202407980.301.55$122
Feb 202408976.091.78$159
Jan 202407573.023.30$247
Dec 202307871.262.61$204
Nov 202307677.892.81$213
Oct 202306685.443.09$204
Sep 202307089.042.74$191
Aug 202307080.522.67$187
Jul 202306974.852.64$182
Jun 202306768.962.26$151
May 202308270.622.23$183
Apr 202307478.122.24$166
Mar 202308272.852.39$196
Feb 202307075.112.47$173
Jan 202306676.533.39$224
Dec 202209676.415.73$550
Nov 202209485.005.65$531
Oct 202208087.185.86$469
Sep 202208084.888.16$653
Aug 202206894.529.13$621
Jul 2022089101.587.54$671
Jun 2022094115.097.98$750
May 2022087109.378.43$734
Apr 20220104104.226.84$711
Mar 20220108108.885.08$548
Feb 202209391.054.86$452
Jan 2022011481.844.54$517
Dec 2021012271.323.90$476
Nov 2021012677.435.24$660
Oct 2021012279.795.71$697
Sep 2021012769.865.35$680
Aug 2021014566.024.22$612
Jul 2021015570.783.98$617
Jun 2021013569.493.38$456
May 2021015063.483.02$453
Apr 2021013960.362.76$383
Mar 2021014061.302.72$380
Feb 2021010857.805.55$599
Jan 2021014950.412.81$419
Dec 2020012944.642.68$345
Nov 2020013538.772.71$365
Oct 2020011436.972.48$283
Sep 2020010737.091.99$213
Aug 2020011439.982.39$272
Jul 2020012338.371.83$224
Jun 2020012534.901.69$211
May 2020011316.921.81$205
Apr 2020012714.751.80$229
Mar 2020065830.341.86$1,221
Feb 2020062049.881.98$1,228
Jan 2020072957.252.09$1,527
Dec 2019063959.012.30$1,472
Nov 2019064655.302.75$1,777
Oct 2019068153.472.42$1,647
Sep 2019069155.052.66$1,836
Aug 2019066153.112.30$1,523
Jul 2019072256.272.46$1,776
Jun 2019064452.782.49$1,604
May 2019065658.482.74$1,798
Apr 2019068862.632.75$1,892
Mar 2019071556.803.06$2,189
Feb 2019067350.852.79$1,879
Jan 2019076746.033.23$2,476
Dec 2018079646.594.19$3,332
Nov 2018079352.934.24$3,360
Oct 2018078161.443.40$2,654
Sep 2018062659.543.11$1,946
Aug 2018078859.403.07$2,416
Jul 2018073565.142.93$2,155
Jun 2018078260.183.08$2,406
May 2018086765.382.90$2,515
Apr 2018082163.842.90$2,382
Mar 2018090861.222.79$2,530
Feb 2018085261.782.77$2,357
Jan 2018079662.874.01$3,191
Dec 2017087057.272.92$2,542
Nov 2017193555.423.12$2,971
Oct 2017194649.292.98$2,872
Sep 2017285847.523.09$2,744
Aug 2017284845.373.00$2,638
Jul 2017064843.873.09$2,001
Jun 2017134342.493.09$1,101
May 2017162345.373.26$2,078
Apr 201711,14747.933.21$3,732
Mar 2017131246.772.98$978
Feb 2017126450.452.95$830
Jan 2017159549.413.42$2,084
Dec 2016053448.763.72$1,988
Nov 2016185242.492.64$2,295
Oct 2016337846.193.09$1,307
Sep 2016111141.553.10$386
Aug 2016019341.442.92$564
Jul 2016124141.622.92$746
Jun 2016026545.352.69$712
May 2016025042.521.99$498
Apr 201636036.561.99$229
Mar 2016024933.011.79$447
Feb 2016221726.472.06$501
Jan 2016230127.352.36$766
Dec 2015036532.362.00$731
Nov 2015041238.792.17$893
Oct 2015045943.552.43$1,114
Sep 2015046442.992.76$1,280
Aug 2015045140.162.87$1,295
Jul 2015034348.152.95$1,010
Jun 2015022756.152.88$654
May 2015236555.212.96$1,189
Apr 2015036849.822.71$996
Mar 2015045042.892.93$1,321
Feb 2015036144.662.98$1,074
Jan 2015017943.433.10$555
Dec 2014042854.693.59$1,537
Nov 2014040070.464.25$1,701
Oct 2014044278.303.90$1,724
Sep 2014043486.164.05$1,756
Aug 2014039089.394.04$1,574
Jul 2014038496.564.18$1,605
Jun 2014036998.164.74$1,748
May 2014251994.734.73$2,643
Apr 2014036095.944.81$1,731
Mar 2014330095.895.06$1,805
Feb 2014056197.406.19$3,474
Jan 2014376590.404.86$3,990
Dec 2013084991.824.35$3,697
Nov 2013035488.853.74$1,323
Oct 201309097.423.78$340
Sep 2013257104.113.72$420
Aug 20130183104.253.52$645
Jul 20130192102.523.72$714
Jun 2013035894.403.93$1,408
May 2013039294.834.15$1,626
Apr 20130093.964.28$0
Mar 2013013193.623.91$513
Feb 2013036091.233.42$1,231
Jan 2013039491.603.42$1,347
Dec 2012054886.773.42$1,874
Nov 2012058886.953.62$2,131
Oct 2012057689.383.40$1,958
Sep 2012060894.672.92$1,774
Aug 2012071292.662.91$2,071
Jul 2012186585.133.02$2,698
Jun 2012068779.822.52$1,731
May 20120091.612.49$0
Apr 20120224101.652.00$447
Mar 201200105.052.22$0
Feb 20121527101.102.57$1,456
Jan 20121198.092.73$101
Dec 2011387996.873.24$3,138
Nov 20110095.723.31$0
Oct 2011250384.983.65$2,005
Sep 2011265683.623.99$2,782
Aug 2011015083.404.15$622
Jul 2011046594.144.52$2,101
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 201116396.364.06$352
Feb 2011026585.644.18$1,108
Jan 20110086.504.59$0
Dec 201019385.734.35$490
Nov 2010150880.843.80$2,009
Oct 201016178.103.51$292
Sep 2010141272.633.98$1,712
Aug 2010239573.684.42$1,893
Jul 2010163972.554.74$3,099
Jun 2010148970.364.91$2,472
May 2010232871.124.24$1,531
Apr 2010236981.694.12$1,685
Mar 2010341878.394.39$2,070
Feb 2010240873.585.44$2,368
Jan 2010248974.365.96$3,065
Dec 2009245271.445.48$2,622
Nov 2009272474.593.75$2,865
Oct 2009125472.544.11$1,117
Sep 2009395165.543.06$3,111
Aug 20095067.423.22$337
Jul 200901,64361.133.46$5,692
Jun 2009102,00766.163.90$8,479
May 200951,70654.743.93$6,971
Apr 200962,06746.773.59$7,696
Mar 200903,04042.144.06$12,339
Feb 200951,14132.814.63$5,450
Jan 200941,37435.865.37$7,523
Dec 2008122,27837.105.98$14,061
Nov 200851,64955.496.86$11,590
Oct 200841,32875.246.92$9,493
Sep 200861,092101.767.88$9,212
Aug 200862,094114.228.48$18,449
Jul 200800131.0811.39$0
Jun 200810131.3313.03$131
May 20085490123.1711.57$6,287
Apr 20081712110.3110.45$7,554
Mar 20080928101.909.66$8,968
Feb 200808892.538.77$772

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                   27 Mcf  × $  3.05 =        $82

────────────────────────────────────────────────────
Month total                                      $82

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/238451 is the state's own key, not one this site invented.