GALVAN RANCH P3

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 239728District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$518 k
Apr 2008 – May 2026
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
218
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 Gas112008-10-30184191
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
CondensateDisposition259 bbl$20,649
GasProduction105,474 Mcf$497,267
Total$517,916

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 28.0612, -99.6586. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.06122, -99.65860 · 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
6,810 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 6,810 ft.

Completions filed
Apr 2008
1 of 1 wells

1 well

42-4794004516,810 ftApr 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 (218)

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

218 months

May 2026036106.413.05$110
Apr 202605298.932.87$149
Mar 202606689.753.15$208
Feb 202604763.503.75$176
Jan 202604959.138.00$392
Dec 202505456.664.41$238
Nov 202506158.593.93$240
Oct 202507559.383.30$248
Sep 2025025862.743.08$794
Aug 202508263.933.01$247
Jul 202507766.743.32$255
Jun 202507766.483.13$241
May 2025029860.553.23$963
Apr 202509062.363.54$319
Mar 202509667.704.27$410
Feb 2025011270.884.34$486
Jan 202509674.324.28$411
Dec 2024010668.993.12$331
Nov 202407769.052.20$169
Oct 2024010771.372.28$244
Sep 2024010069.612.36$236
Aug 2024010375.632.06$213
Jul 2024010579.932.15$225
Jun 2024010178.082.63$266
May 202409478.812.20$207
Apr 2024010084.451.66$166
Mar 2024010680.301.55$164
Feb 2024011876.091.78$210
Jan 2024010073.023.30$330
Dec 2023010471.262.61$272
Nov 2023010177.892.81$284
Oct 202308885.443.09$272
Sep 202309489.042.74$257
Aug 202309480.522.67$251
Jul 202309274.852.64$243
Jun 202309068.962.26$203
May 2023010970.622.23$243
Apr 202309978.122.24$222
Mar 2023010972.852.39$261
Feb 202309375.112.47$229
Jan 202308876.533.39$298
Dec 2022012776.415.73$728
Nov 2022012685.005.65$711
Oct 2022010787.185.86$627
Sep 2022010784.888.16$874
Aug 202209094.529.13$821
Jul 20220119101.587.54$898
Jun 20220125115.097.98$997
May 20220116109.378.43$978
Apr 20220139104.226.84$950
Mar 20220144108.885.08$731
Feb 2022012491.054.86$603
Jan 2022015281.844.54$690
Dec 2021016371.323.90$636
Nov 2021016877.435.24$880
Oct 2021016279.795.71$926
Sep 2021017069.865.35$910
Aug 2021019466.024.22$819
Jul 2021020670.783.98$820
Jun 2021018069.493.38$609
May 2021020063.483.02$604
Apr 2021018560.362.76$510
Mar 2021018661.302.72$505
Feb 2021014357.805.55$793
Jan 2021020050.412.81$562
Dec 2020017244.642.68$460
Nov 2020018138.772.71$490
Oct 2020015136.972.48$374
Sep 2020014337.091.99$285
Aug 2020015139.982.39$360
Jul 2020016438.371.83$299
Jun 2020016734.901.69$282
May 2020015116.921.81$274
Apr 2020016914.751.80$305
Mar 2020039330.341.86$730
Feb 2020037149.881.98$735
Jan 2020043657.252.09$913
Dec 2019038259.012.30$880
Nov 2019038655.302.75$1,062
Oct 2019040753.472.42$984
Sep 2019041355.052.66$1,097
Aug 2019039553.112.30$910
Jul 2019043156.272.46$1,060
Jun 2019038552.782.49$959
May 2019039258.482.74$1,074
Apr 2019041162.632.75$1,131
Mar 2019042856.803.06$1,311
Feb 2019040250.852.79$1,122
Jan 2019045946.033.23$1,482
Dec 2018047646.594.19$1,992
Nov 2018047452.934.24$2,008
Oct 2018046761.443.40$1,587
Sep 2018037459.543.11$1,162
Aug 2018047159.403.07$1,444
Jul 2018043965.142.93$1,287
Jun 2018046760.183.08$1,437
May 2018051865.382.90$1,503
Apr 2018049163.842.90$1,424
Mar 2018054361.222.79$1,513
Feb 2018050961.782.77$1,408
Jan 2018047662.874.01$1,908
Dec 2017052057.272.92$1,519
Nov 2017355955.423.12$1,909
Oct 2017356649.292.98$1,837
Sep 2017354847.523.09$1,834
Aug 2017358245.373.00$1,885
Jul 2017057143.873.09$1,763
Jun 2017357942.493.09$1,915
May 2017364445.373.26$2,238
Apr 2017468347.933.21$2,385
Mar 2017369546.772.98$2,214
Feb 2017462050.452.95$2,032
Jan 2017668349.413.42$2,632
Dec 2016067448.763.72$2,509
Nov 2016370442.492.64$1,989
Oct 2016656146.193.09$2,011
Sep 2016350241.553.10$1,681
Aug 2016144341.442.92$1,337
Jul 2016340941.622.92$1,321
Jun 2016040245.352.69$1,080
May 2016040842.521.99$812
Apr 2016641436.561.99$1,044
Mar 2016042633.011.79$764
Feb 2016342026.472.06$946
Jan 2016337027.352.36$957
Dec 2015048332.362.00$967
Nov 2015048738.792.17$1,055
Oct 2015054243.552.43$1,315
Sep 2015055442.992.76$1,528
Aug 2015053940.162.87$1,548
Jul 2015049448.152.95$1,455
Jun 2015044756.152.88$1,289
May 2015247855.212.96$1,523
Apr 2015048249.822.71$1,305
Mar 2015050542.892.93$1,482
Feb 2015052244.662.98$1,554
Jan 2015035743.433.10$1,107
Dec 2014036954.693.59$1,325
Nov 2014044770.464.25$1,901
Oct 2014049478.303.90$1,927
Sep 2014048286.164.05$1,950
Aug 2014036889.394.04$1,485
Jul 2014036396.564.18$1,517
Jun 2014034898.164.74$1,648
May 2014242794.734.73$2,208
Apr 2014053795.944.81$2,583
Mar 2014357495.895.06$3,190
Feb 2014056997.406.19$3,523
Jan 2014266590.404.86$3,413
Dec 2013046291.824.35$2,012
Nov 2013042588.853.74$1,589
Oct 2013047397.423.78$1,788
Sep 20132561104.113.72$2,294
Aug 20130572104.253.52$2,015
Jul 20130485102.523.72$1,803
Jun 2013053094.403.93$2,085
May 2013058094.834.15$2,406
Apr 2013061093.964.28$2,612
Mar 2013059793.623.91$2,336
Feb 2013043791.233.42$1,495
Jan 2013057591.603.42$1,966
Dec 2012060386.773.42$2,062
Nov 2012058786.953.62$2,128
Oct 2012059589.383.40$2,023
Sep 2012062094.672.92$1,809
Aug 2012069492.662.91$2,018
Jul 2012275685.133.02$2,454
Jun 2012071379.822.52$1,796
May 2012272091.612.49$1,975
Apr 20120662101.652.00$1,322
Mar 20122637105.052.22$1,626
Feb 20123675101.102.57$2,038
Jan 2012279998.092.73$2,381
Dec 2011367396.873.24$2,471
Nov 201121,02095.723.31$3,569
Oct 2011266284.983.65$2,585
Sep 2011270083.623.99$2,957
Aug 201111683.404.15$150
Jul 2011051694.144.52$2,331
Jun 20110092.904.64$0
May 2011040598.134.40$1,784
Apr 20110172105.964.33$745
Mar 2011366796.364.06$2,995
Feb 2011165085.644.18$2,803
Jan 2011474786.504.59$3,774
Dec 2010280385.734.35$3,663
Nov 2010274480.843.80$2,985
Oct 2010274578.103.51$2,770
Sep 2010275072.633.98$3,130
Aug 2010284573.684.42$3,882
Jul 2010184072.554.74$4,051
Jun 2010281570.364.91$4,143
May 2010485071.124.24$3,884
Apr 2010487181.694.12$3,918
Mar 2010682078.394.39$4,069
Feb 2010480773.585.44$4,686
Jan 2010491874.365.96$5,772
Dec 2009286871.445.48$4,903
Nov 2009155474.593.75$2,153
Oct 2009016172.544.11$662
Sep 200903665.543.06$110
Aug 200935267.423.22$370
Jul 2009083861.133.46$2,903
Jun 2009580666.163.90$3,470
May 200931,18654.743.93$4,820
Apr 200931,28746.773.59$4,757
Mar 200901,39242.144.06$5,650
Feb 200961,23232.814.63$5,905
Jan 200931,45035.865.37$7,896
Dec 200881,54437.105.98$9,526
Nov 200861,13755.496.86$8,133
Oct 200871,96075.246.92$14,094
Sep 200871,911101.767.88$15,765
Aug 200871,813114.228.48$16,179
Jul 2008142,186131.0811.39$26,732
Jun 2008112,386131.3313.03$32,540
May 2008303,184123.1711.57$40,548
Apr 200853,689110.3110.45$39,120

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                   36 Mcf  × $  3.05 =       $110

────────────────────────────────────────────────────
Month total                                     $110

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/239728 is the state's own key, not one this site invented.