GALVAN RANCH L3

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 241589District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.2 M
Jun 2008 – May 2026
Value, last 12 filed months
$22 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 Gas112008-12-12185231
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
CondensateDisposition549 bbl$38,620
GasProduction479,216 Mcf$2,193,204
Total$2,231,824

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 28.0272, -99.7181. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.02722, -99.71806 · 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
6,526 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 6,526 ft.

Completions filed
Jun 2008
1 of 1 wells

1 well

42-4794012116,526 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 20260682106.413.05$2,077
Apr 2026058598.932.87$1,679
Mar 2026063489.753.15$1,997
Feb 2026046063.503.75$1,725
Jan 2026049759.138.00$3,975
Dec 2025052356.664.41$2,308
Nov 2025035958.593.93$1,410
Oct 2025046259.383.30$1,527
Sep 2025024462.743.08$751
Aug 2025054763.933.01$1,649
Jul 2025042666.743.32$1,412
Jun 2025042666.483.13$1,333
May 2025019860.553.23$640
Apr 2025047462.363.54$1,679
Mar 2025050867.704.27$2,168
Feb 2025054170.884.34$2,348
Jan 2025040174.324.28$1,716
Dec 2024040168.993.12$1,252
Nov 2024063769.052.20$1,400
Oct 2024059471.372.28$1,355
Sep 2024053169.612.36$1,255
Aug 2024056675.632.06$1,168
Jul 2024051179.932.15$1,097
Jun 2024056778.082.63$1,493
May 2024049478.812.20$1,086
Apr 2024045784.451.66$758
Mar 2024061880.301.55$955
Feb 2024064676.091.78$1,152
Jan 2024063073.023.30$2,078
Dec 2023057571.262.61$1,501
Nov 2023060277.892.81$1,690
Oct 2023055185.443.09$1,701
Sep 2023062589.042.74$1,709
Aug 2023062580.522.67$1,671
Jul 2023070374.852.64$1,857
Jun 2023058668.962.26$1,323
May 2023071570.622.23$1,593
Apr 2023062978.122.24$1,408
Mar 2023071572.852.39$1,711
Feb 2023069475.112.47$1,711
Jan 2023092676.533.39$3,137
Dec 2022072876.415.73$4,171
Nov 2022077285.005.65$4,359
Oct 2022069487.185.86$4,069
Sep 2022075484.888.16$6,155
Aug 2022075594.529.13$6,891
Jul 20220770101.587.54$5,807
Jun 20220868115.097.98$6,924
May 20220825109.378.43$6,957
Apr 20220839104.226.84$5,737
Mar 202201,039108.885.08$5,274
Feb 2022075891.054.86$3,683
Jan 2022096781.844.54$4,388
Dec 2021091071.323.90$3,548
Nov 2021089877.435.24$4,703
Oct 2021098479.795.71$5,622
Sep 2021066569.865.35$3,558
Aug 2021069466.024.22$2,929
Jul 2021069170.783.98$2,752
Jun 2021066669.493.38$2,251
May 2021070263.483.02$2,118
Apr 2021075060.362.76$2,069
Mar 2021075461.302.72$2,049
Feb 2021058857.805.55$3,262
Jan 2021075250.412.81$2,113
Dec 2020079044.642.68$2,114
Nov 2020066538.772.71$1,800
Oct 2020081536.972.48$2,020
Sep 2020078937.091.99$1,571
Aug 2020084039.982.39$2,003
Jul 2020079538.371.83$1,451
Jun 2020074634.901.69$1,261
May 2020078016.921.81$1,416
Apr 2020072214.751.80$1,303
Mar 2020039430.341.86$731
Feb 2020037149.881.98$735
Jan 2020043757.252.09$915
Dec 2019038359.012.30$883
Nov 2019038755.302.75$1,065
Oct 2019040853.472.42$987
Sep 2019041455.052.66$1,100
Aug 2019039653.112.30$913
Jul 2019043256.272.46$1,063
Jun 2019038552.782.49$959
May 2019039358.482.74$1,077
Apr 2019041262.632.75$1,133
Mar 2019042856.803.06$1,311
Feb 2019040350.852.79$1,125
Jan 2019046046.033.23$1,485
Dec 2018047746.594.19$1,996
Nov 2018047552.934.24$2,013
Oct 2018046861.443.40$1,590
Sep 2018037559.543.11$1,166
Aug 2018047259.403.07$1,447
Jul 2018044065.142.93$1,290
Jun 2018046860.183.08$1,440
May 2018051965.382.90$1,506
Apr 2018049263.842.90$1,427
Mar 2018054461.222.79$1,516
Feb 2018051061.782.77$1,411
Jan 2018047762.874.01$1,912
Dec 2017052157.272.92$1,522
Nov 20171156055.423.12$2,356
Oct 2017260749.292.98$1,910
Sep 2017251247.523.09$1,676
Aug 2017276245.373.00$2,380
Jul 201701,03243.873.09$3,186
Jun 201721,24742.493.09$3,935
May 201721,24645.373.26$4,157
Apr 2017296547.933.21$3,195
Mar 2017073546.772.98$2,193
Feb 2017275650.452.95$2,333
Jan 2017279549.413.42$2,817
Dec 2016064448.763.72$2,398
Nov 201601,51142.492.64$3,996
Oct 201651,18446.193.09$3,890
Sep 201601,53041.553.10$4,744
Aug 201612,28941.442.92$6,735
Jul 201601,34941.622.92$3,945
Jun 201601,48345.352.69$3,983
May 201641,23742.521.99$2,633
Apr 2016083936.561.99$1,670
Mar 2016053633.011.79$962
Feb 2016563026.472.06$1,432
Jan 2016080727.352.36$1,908
Dec 2015692232.362.00$2,039
Nov 2015085838.792.17$1,860
Oct 2015093543.552.43$2,269
Sep 2015102,11042.992.76$6,250
Aug 201502,05940.162.87$5,914
Jul 201501,86048.152.95$5,478
Jun 201501,69356.152.88$4,881
May 201591,82955.212.96$5,902
Apr 201501,85849.822.71$5,029
Mar 201501,87742.892.93$5,508
Feb 201592,02844.662.98$6,438
Jan 201501,44443.433.10$4,477
Dec 201401,90954.693.59$6,856
Nov 201401,91470.464.25$8,138
Oct 201492,11578.303.90$8,955
Sep 201481,99786.164.05$8,768
Aug 201402,08089.394.04$8,393
Jul 201402,06496.564.18$8,627
Jun 201401,96698.164.74$9,313
May 201402,03294.734.73$9,604
Apr 201482,03695.944.81$10,559
Mar 201472,07695.895.06$11,169
Feb 201402,00297.406.19$12,396
Jan 201402,19890.404.86$10,684
Dec 201302,09991.824.35$9,140
Nov 201302,09888.853.74$7,843
Oct 201302,31897.423.78$8,761
Sep 201301,886104.113.72$7,012
Aug 201302,600104.253.52$9,159
Jul 201301,663102.523.72$6,183
Jun 201301,69994.403.93$6,683
May 201302,39594.834.15$9,937
Apr 201302,47893.964.28$10,612
Mar 201302,43493.623.91$9,524
Feb 201302,34191.233.42$8,006
Jan 201302,47791.603.42$8,471
Dec 201202,70486.773.42$9,248
Nov 201202,81886.953.62$10,215
Oct 201202,97289.383.40$10,104
Sep 201202,86894.672.92$8,370
Aug 201202,97992.662.91$8,663
Jul 201203,30185.133.02$9,972
Jun 201203,37879.822.52$8,509
May 201273,45591.612.49$9,238
Apr 201203,747101.652.00$7,482
Mar 201204,068105.052.22$9,039
Feb 201203,860101.102.57$9,921
Jan 201264,11898.092.73$11,847
Dec 201103,99296.873.24$12,933
Nov 201164,75495.723.31$16,316
Oct 201184,51484.983.65$17,149
Sep 201104,64283.623.99$18,502
Aug 201106,47083.404.15$26,846
Jul 20110094.144.52$0
Jun 201174,30392.904.64$20,616
May 20116098.134.40$589
Apr 201102,810105.964.33$12,177
Mar 201173,20796.364.06$13,686
Feb 201174,13385.644.18$17,875
Jan 2011134,18486.504.59$20,324
Dec 201004,42385.734.35$19,230
Nov 201004,13180.843.80$15,679
Oct 201004,30078.103.51$15,088
Sep 201064,35172.633.98$17,750
Aug 201004,95473.684.42$21,894
Jul 201054,95772.554.74$23,842
Jun 201005,02370.364.91$24,665
May 201065,25871.124.24$22,696
Apr 201065,32181.694.12$22,427
Mar 201065,69178.394.39$25,446
Feb 201065,68773.585.44$31,392
Jan 201075,95974.365.96$36,061
Dec 2009106,44671.445.48$36,063
Nov 200946,51974.593.75$24,754
Oct 2009117,13772.544.11$30,133
Sep 200976,91665.543.06$21,655
Aug 200977,64167.423.22$25,065
Jul 2009227,78361.133.46$28,309
Jun 200997,88766.163.90$31,315
May 200998,63554.743.93$34,392
Apr 2009148,73846.773.59$32,002
Mar 2009179,61142.144.06$39,727
Feb 2009308,88632.814.63$42,153
Jan 20092110,35035.865.37$56,343
Dec 20082611,00537.105.98$66,743
Nov 20082211,58555.496.86$80,698
Oct 20084014,52675.246.92$103,558
Sep 20082214,360101.767.88$115,354
Aug 20083917,143114.228.48$149,879
Jul 20082216,439131.0811.39$190,115
Jun 200800131.3313.03$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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  682 Mcf  × $  3.05 =     $2,077

────────────────────────────────────────────────────
Month total                                   $2,077

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/241589 is the state's own key, not one this site invented.