GALVAN RANCH L7

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 242008District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$562 k
Jul 2008 – May 2026
Value, last 12 filed months
$16 k
at the published price for each month
Months reported
215
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 Gas112009-01-15187166
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
CondensateDisposition113 bbl$7,376
GasProduction132,134 Mcf$554,567
Total$561,943

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 28.0239, -99.7069. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.02389, -99.70694 · 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
6,515 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 6,515 ft.

Completions filed
Jul 2008
1 of 1 wells

1 well

42-4794017716,515 ftJul 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 (215)

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

215 months

May 20260487106.413.05$1,483
Apr 2026041898.932.87$1,200
Mar 2026041589.753.15$1,307
Feb 2026032863.503.75$1,230
Jan 2026035559.138.00$2,839
Dec 2025037456.664.41$1,651
Nov 2025025758.593.93$1,009
Oct 2025033059.383.30$1,091
Sep 2025040062.743.08$1,231
Aug 2025039163.933.01$1,179
Jul 2025030566.743.32$1,011
Jun 2025030566.483.13$954
May 2025032460.553.23$1,047
Apr 2025033962.363.54$1,201
Mar 2025036367.704.27$1,549
Feb 2025038770.884.34$1,680
Jan 2025028674.324.28$1,224
Dec 2024028668.993.12$893
Nov 2024045569.052.20$1,000
Oct 2024042471.372.28$967
Sep 2024037969.612.36$896
Aug 2024040475.632.06$834
Jul 2024036579.932.15$784
Jun 2024040578.082.63$1,067
May 2024035378.812.20$776
Apr 2024032684.451.66$541
Mar 2024044180.301.55$681
Feb 2024046276.091.78$824
Jan 2024045073.023.30$1,484
Dec 2023041071.262.61$1,070
Nov 2023043077.892.81$1,207
Oct 2023039485.443.09$1,216
Sep 2023044689.042.74$1,220
Aug 2023044680.522.67$1,192
Jul 2023050274.852.64$1,326
Jun 2023041968.962.26$946
May 2023051170.622.23$1,138
Apr 2023044978.122.24$1,005
Mar 2023051172.852.39$1,223
Feb 2023049675.112.47$1,223
Jan 2023066176.533.39$2,239
Dec 2022052076.415.73$2,979
Nov 2022055185.005.65$3,111
Oct 2022049687.185.86$2,908
Sep 2022053984.888.16$4,400
Aug 2022053994.529.13$4,920
Jul 20220550101.587.54$4,148
Jun 20220620115.097.98$4,946
May 20220589109.378.43$4,967
Apr 20220600104.226.84$4,103
Mar 20220742108.885.08$3,767
Feb 2022054291.054.86$2,633
Jan 2022069381.844.54$3,145
Dec 2021065071.323.90$2,534
Nov 2021064177.435.24$3,357
Oct 2021070379.795.71$4,017
Sep 2021017269.865.35$920
Aug 2021017966.024.22$755
Jul 2021017870.783.98$709
Jun 2021017269.493.38$581
May 2021018163.483.02$546
Apr 2021019360.362.76$532
Mar 2021019461.302.72$527
Feb 2021015257.805.55$843
Jan 2021019450.412.81$545
Dec 2020020444.642.68$546
Nov 2020017138.772.71$463
Oct 2020021136.972.48$523
Sep 2020020437.091.99$406
Aug 2020021739.982.39$518
Jul 2020020538.371.83$374
Jun 2020019334.901.69$326
May 2020065416.921.81$1,187
Apr 2020060614.751.80$1,093
Mar 2020033530.341.86$622
Feb 2020031649.881.98$626
Jan 2020037257.252.09$779
Dec 2019032559.012.30$749
Nov 2019032955.302.75$905
Oct 2019034753.472.42$839
Sep 2019035255.052.66$935
Aug 2019033753.112.30$777
Jul 2019036856.272.46$905
Jun 2019032852.782.49$817
May 2019033458.482.74$915
Apr 2019035062.632.75$963
Mar 2019036456.803.06$1,115
Feb 2019034350.852.79$958
Jan 2019039146.033.23$1,262
Dec 2018040546.594.19$1,695
Nov 2018040452.934.24$1,712
Oct 2018039861.443.40$1,352
Sep 2018031959.543.11$991
Aug 2018040259.403.07$1,233
Jul 2018037465.142.93$1,097
Jun 2018039860.183.08$1,225
May 2018044265.382.90$1,282
Apr 2018041863.842.90$1,213
Mar 2018046361.222.79$1,290
Feb 2018043461.782.77$1,201
Jan 2018040662.874.01$1,628
Dec 2017044357.272.92$1,294
Nov 2017247655.423.12$1,595
Oct 2017051649.292.98$1,540
Sep 2017041147.523.09$1,269
Aug 2017049145.373.00$1,475
Jul 2017044143.873.09$1,361
Jun 2017042942.493.09$1,324
May 2017061245.373.26$1,997
Apr 2017040847.933.21$1,310
Mar 2017056946.772.98$1,698
Feb 2017057850.452.95$1,707
Jan 2017058949.413.42$2,014
Dec 2016061948.763.72$2,304
Nov 2016039142.492.64$1,034
Oct 2016325846.193.09$936
Sep 2016022941.553.10$710
Aug 2016020941.442.92$611
Jul 2016034041.622.92$994
Jun 2016038445.352.69$1,031
May 2016222142.521.99$525
Apr 2016027136.561.99$540
Mar 2016033333.011.79$597
Feb 2016337926.472.06$862
Jan 2016038127.352.36$901
Dec 2015355032.362.00$1,198
Nov 2015058838.792.17$1,274
Oct 2015064143.552.43$1,555
Sep 2015359142.992.76$1,759
Aug 2015057740.162.87$1,657
Jul 2015061048.152.95$1,797
Jun 2015066056.152.88$1,903
May 2015352855.212.96$1,726
Apr 2015053749.822.71$1,453
Mar 2015071042.892.93$2,084
Feb 2015274644.662.98$2,310
Jan 2015015743.433.10$487
Dec 2014057254.693.59$2,054
Nov 2014064370.464.25$2,734
Oct 2014371178.303.90$3,008
Sep 2014254386.164.05$2,369
Aug 2014066189.394.04$2,667
Jul 2014065696.564.18$2,742
Jun 2014062598.164.74$2,961
May 2014062894.734.73$2,968
Apr 2014263195.944.81$3,226
Mar 2014249895.895.06$2,710
Feb 2014052297.406.19$3,232
Jan 2014046990.404.86$2,280
Dec 2013049591.824.35$2,155
Nov 2013059288.853.74$2,213
Oct 2013060097.423.78$2,268
Sep 20130603104.113.72$2,242
Aug 20130604104.253.52$2,128
Jul 20130669102.523.72$2,487
Jun 2013059994.403.93$2,356
May 2013065994.834.15$2,734
Apr 2013065693.964.28$2,809
Mar 2013066293.623.91$2,590
Feb 2013060591.233.42$2,069
Jan 2013066691.603.42$2,278
Dec 2012072686.773.42$2,483
Nov 2012075886.953.62$2,748
Oct 2012077389.383.40$2,628
Sep 2012064494.672.92$1,879
Aug 2012055892.662.91$1,623
Jul 2012049785.133.02$1,501
Jun 2012071779.822.52$1,806
May 2012121791.612.49$632
Apr 20120776101.652.00$1,550
Mar 20120527105.052.22$1,171
Feb 20120609101.102.57$1,565
Jan 2012174298.092.73$2,127
Dec 2011072996.873.24$2,362
Nov 2011176195.723.31$2,616
Oct 2011292884.983.65$3,556
Sep 201101,12183.623.99$4,468
Aug 201101,03383.404.15$4,286
Jul 20110094.144.52$0
Jun 201121,04492.904.64$5,030
May 20112098.134.40$196
Apr 20110763105.964.33$3,306
Mar 2011175696.364.06$3,164
Feb 2011180985.644.18$3,467
Jan 2011392186.504.59$4,486
Dec 2010087485.734.35$3,800
Nov 2010085480.843.80$3,241
Oct 2010093778.103.51$3,288
Sep 2010194172.633.98$3,817
Aug 2010091973.684.42$4,061
Jul 2010194272.554.74$4,534
Jun 2010087970.364.91$4,316
May 201011,13071.124.24$4,857
Apr 2010177981.694.12$3,293
Mar 201011,09878.394.39$4,897
Feb 2010189073.585.44$4,917
Jan 2010194874.365.96$5,728
Dec 2009296571.445.48$5,435
Nov 200911,15874.593.75$4,419
Oct 200921,25372.544.11$5,295
Sep 200911,25865.543.06$3,921
Aug 200911,59467.423.22$5,198
Jul 2009358961.133.46$2,224
Jun 200921,07266.163.90$4,308
May 200921,66954.743.93$6,662
Apr 200931,56646.773.59$5,758
Mar 200931,98042.144.06$8,163
Feb 200961,58032.814.63$7,517
Jan 200952,40835.865.37$13,113
Dec 200872,88537.105.98$17,504
Nov 200863,48055.496.86$24,207
Oct 200894,25075.246.92$30,096
Sep 200821,890101.767.88$15,091
Aug 200841,546114.228.48$13,572
Jul 200832,151131.0811.39$24,892

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                  487 Mcf  × $  3.05 =     $1,483

────────────────────────────────────────────────────
Month total                                   $1,483

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/242008 is the state's own key, not one this site invented.