GALVAN RANCH L2

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 241587District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.0 M
Jun 2008 – May 2026
Value, last 12 filed months
$16 k
at the published price for each month
Months reported
216
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 Gas112008-12-12185230
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
CondensateDisposition835 bbl$68,810
GasProduction492,036 Mcf$2,882,055
Total$2,950,865

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 28.0299, -99.7105. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.02993, -99.71051 · 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
6,510 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 6,510 ft.

Completions filed
Jun 2008
1 of 1 wells

1 well

42-4794012016,510 ftJun 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 (216)

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

216 months

May 20260520106.413.05$1,584
Apr 2026044698.932.87$1,280
Mar 2026044989.753.15$1,414
Feb 2026035063.503.75$1,313
Jan 2026037959.138.00$3,031
Dec 2025039856.664.41$1,757
Nov 2025027358.593.93$1,072
Oct 2025035359.383.30$1,167
Sep 20250062.743.08$0
Aug 2025041863.933.01$1,260
Jul 2025032566.743.32$1,077
Jun 2025032566.483.13$1,017
May 20250060.553.23$0
Apr 2025036162.363.54$1,279
Mar 2025038767.704.27$1,652
Feb 2025041270.884.34$1,788
Jan 2025030574.324.28$1,305
Dec 2024030668.993.12$955
Nov 2024048669.052.20$1,068
Oct 2024045271.372.28$1,031
Sep 2024040469.612.36$955
Aug 2024043175.632.06$889
Jul 2024039079.932.15$837
Jun 2024043178.082.63$1,135
May 2024037778.812.20$829
Apr 2024034884.451.66$577
Mar 2024047180.301.55$728
Feb 2024049376.091.78$879
Jan 2024048073.023.30$1,583
Dec 2023043871.262.61$1,144
Nov 2023045877.892.81$1,286
Oct 2023042085.443.09$1,297
Sep 2023047689.042.74$1,302
Aug 2023047680.522.67$1,272
Jul 2023053674.852.64$1,416
Jun 2023044668.962.26$1,007
May 2023054570.622.23$1,214
Apr 2023047978.122.24$1,072
Mar 2023054572.852.39$1,304
Feb 2023052875.112.47$1,302
Jan 2023070576.533.39$2,388
Dec 2022055576.415.73$3,180
Nov 2022058885.005.65$3,320
Oct 2022052987.185.86$3,102
Sep 2022057484.888.16$4,686
Aug 2022057594.529.13$5,248
Jul 20220587101.587.54$4,427
Jun 20220662115.097.98$5,281
May 20220628109.378.43$5,296
Apr 20220640104.226.84$4,376
Mar 20220791108.885.08$4,015
Feb 2022057891.054.86$2,808
Jan 2022074081.844.54$3,358
Dec 2021069371.323.90$2,702
Nov 2021068477.435.24$3,582
Oct 2021075079.795.71$4,285
Sep 2021023669.865.35$1,263
Aug 2021024666.024.22$1,038
Jul 2021024570.783.98$976
Jun 2021023669.493.38$798
May 2021024963.483.02$751
Apr 2021026560.362.76$731
Mar 2021026761.302.72$725
Feb 2021020857.805.55$1,154
Jan 2021026750.412.81$750
Dec 2020028044.642.68$749
Nov 2020023638.772.71$639
Oct 2020029036.972.48$719
Sep 2020028037.091.99$557
Aug 2020029839.982.39$711
Jul 2020028238.371.83$515
Jun 2020026434.901.69$446
May 2020027716.921.81$503
Apr 2020025614.751.80$462
Mar 2020036830.341.86$683
Feb 2020034749.881.98$687
Jan 2020040857.252.09$855
Dec 2019035859.012.30$825
Nov 2019036255.302.75$996
Oct 2019038153.472.42$921
Sep 2019038755.052.66$1,028
Aug 2019037053.112.30$853
Jul 2019040456.272.46$994
Jun 2019036052.782.49$897
May 2019036758.482.74$1,006
Apr 2019038562.632.75$1,059
Mar 2019040156.803.06$1,228
Feb 2019037750.852.79$1,053
Jan 2019043046.033.23$1,388
Dec 2018044646.594.19$1,867
Nov 2018044452.934.24$1,881
Oct 2018043761.443.40$1,485
Sep 2018035159.543.11$1,091
Aug 2018044159.403.07$1,352
Jul 2018041265.142.93$1,208
Jun 2018043860.183.08$1,348
May 2018048565.382.90$1,407
Apr 2018045963.842.90$1,331
Mar 2018050961.222.79$1,419
Feb 2018047761.782.77$1,319
Jan 2018044662.874.01$1,788
Dec 2017048757.272.92$1,423
Nov 2017652455.423.12$1,967
Oct 2017135049.292.98$1,094
Sep 2017139547.523.09$1,267
Aug 2017137045.373.00$1,157
Jul 2017033943.873.09$1,047
Jun 2017134642.493.09$1,111
May 2017157645.373.26$1,925
Apr 2017152147.933.21$1,721
Mar 2017036946.772.98$1,101
Feb 2017164750.452.95$1,961
Jan 2017152849.413.42$1,855
Dec 2016048348.763.72$1,798
Nov 2016062542.492.64$1,653
Oct 2016350946.193.09$1,712
Sep 2016045741.553.10$1,417
Aug 2016051041.442.92$1,491
Jul 2016051341.622.92$1,500
Jun 2016051245.352.69$1,375
May 2016252842.521.99$1,136
Apr 2016046836.561.99$932
Mar 2016029533.011.79$529
Feb 2016330426.472.06$707
Jan 2016041027.352.36$969
Dec 2015352832.362.00$1,154
Nov 2015055938.792.17$1,212
Oct 2015061043.552.43$1,480
Sep 2015458442.992.76$1,783
Aug 2015057040.162.87$1,637
Jul 2015058648.152.95$1,726
Jun 2015061756.152.88$1,779
May 2015470755.212.96$2,310
Apr 2015071849.822.71$1,943
Mar 2015087642.892.93$2,571
Feb 2015495344.662.98$3,015
Jan 2015068243.433.10$2,115
Dec 2014096254.693.59$3,455
Nov 201401,05670.464.25$4,490
Oct 201451,16778.303.90$4,944
Sep 201441,07986.164.05$4,710
Aug 201401,05889.394.04$4,269
Jul 201401,05096.564.18$4,389
Jun 201401,00098.164.74$4,737
May 201401,14594.734.73$5,412
Apr 201441,10095.944.81$5,674
Mar 201441,15395.895.06$6,214
Feb 201401,10497.406.19$6,836
Jan 201401,10190.404.86$5,352
Dec 201301,15491.824.35$5,025
Nov 201301,13388.853.74$4,235
Oct 201301,16197.423.78$4,388
Sep 201301,171104.113.72$4,353
Aug 201301,250104.253.52$4,403
Jul 201301,350102.523.72$5,019
Jun 2013097894.403.93$3,847
May 201301,30694.834.15$5,419
Apr 201301,34493.964.28$5,756
Mar 201301,33193.623.91$5,208
Feb 201301,27791.233.42$4,367
Jan 201301,37691.603.42$4,706
Dec 201201,52986.773.42$5,229
Nov 201201,58086.953.62$5,727
Oct 201201,66689.383.40$5,664
Sep 201201,62994.672.92$4,754
Aug 201201,91592.662.91$5,569
Jul 201202,16085.133.02$6,525
Jun 201202,41579.822.52$6,083
May 201262,44491.612.49$6,631
Apr 201202,818101.652.00$5,627
Mar 201203,354105.052.22$7,453
Feb 201203,462101.102.57$8,898
Jan 201244,22298.092.73$11,936
Dec 201103,22096.873.24$10,432
Nov 201131,98095.723.31$6,843
Oct 201131,80384.983.65$6,833
Sep 201102,39383.623.99$9,538
Aug 201102,83983.404.15$11,780
Jul 20110094.144.52$0
Jun 201131,30192.904.64$6,315
May 20113098.134.40$294
Apr 201101,187105.964.33$5,144
Mar 201141,79396.364.06$7,660
Feb 201142,10085.644.18$9,121
Jan 201192,78586.504.59$13,558
Dec 201002,51185.734.35$10,917
Nov 201002,82480.843.80$10,718
Oct 201003,30478.103.51$11,593
Sep 201053,37372.633.98$13,786
Aug 201004,00973.684.42$17,717
Jul 201044,46872.554.74$21,453
Jun 201004,33670.364.91$21,291
May 201042,89371.124.24$12,537
Apr 201043,46281.694.12$14,600
Mar 201043,91378.394.39$17,486
Feb 201044,00873.585.44$22,107
Jan 201054,09174.365.96$24,771
Dec 200984,85071.445.48$27,168
Nov 200945,61374.593.75$21,356
Oct 2009126,87872.544.11$29,141
Sep 200987,36065.543.06$23,081
Aug 200988,43367.423.22$27,681
Jul 20092710,24061.133.46$37,127
Jun 2009129,62066.163.90$38,264
May 20091312,14654.743.93$48,394
Apr 20092111,54946.773.59$42,414
Mar 20093116,21742.144.06$67,131
Feb 20096416,79532.814.63$79,911
Jan 20095025,40535.865.37$138,243
Dec 20085224,83237.105.98$150,354
Nov 20082411,07655.496.86$77,317
Oct 20085219,64575.246.92$139,895
Sep 20083118,193101.767.88$146,462
Aug 20088025,560114.228.48$225,964
Jul 200810740,567131.0811.39$476,061
Jun 200810834,280131.3313.03$460,942

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                  520 Mcf  × $  3.05 =     $1,584

────────────────────────────────────────────────────
Month total                                   $1,584

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/241587 is the state's own key, not one this site invented.