GALVAN RANCH L1

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 242558District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$404 k
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 Gas112009-01-15187167
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
CondensateDisposition57 bbl$3,963
GasProduction101,195 Mcf$399,706
Total$403,669

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 28.0300, -99.7014. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.03000, -99.70139 · 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
6,550 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 6,550 ft.

Completions filed
Jul 2008
1 of 1 wells

1 well

42-4794011916,550 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 (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 20260698106.413.05$2,126
Apr 2026059998.932.87$1,719
Mar 2026059789.753.15$1,880
Feb 2026047163.503.75$1,766
Jan 2026050959.138.00$4,071
Dec 2025053556.664.41$2,361
Nov 2025036858.593.93$1,445
Oct 2025047459.383.30$1,566
Sep 2025017862.743.08$548
Aug 2025056063.933.01$1,688
Jul 2025043766.743.32$1,449
Jun 2025043766.483.13$1,367
May 2025014460.553.23$465
Apr 2025048562.363.54$1,718
Mar 2025052167.704.27$2,224
Feb 2025055470.884.34$2,405
Jan 2025041074.324.28$1,754
Dec 2024041068.993.12$1,280
Nov 2024065369.052.20$1,436
Oct 2024060771.372.28$1,385
Sep 2024054469.612.36$1,286
Aug 2024057975.632.06$1,195
Jul 2024052479.932.15$1,125
Jun 2024058078.082.63$1,528
May 2024050678.812.20$1,112
Apr 2024046884.451.66$777
Mar 2024063380.301.55$978
Feb 2024066176.091.78$1,179
Jan 2024064573.023.30$2,127
Dec 2023058871.262.61$1,535
Nov 2023061677.892.81$1,729
Oct 2023056485.443.09$1,741
Sep 2023064089.042.74$1,750
Aug 2023064080.522.67$1,711
Jul 2023072074.852.64$1,902
Jun 2023060068.962.26$1,355
May 2023073270.622.23$1,630
Apr 2023064478.122.24$1,441
Mar 2023073272.852.39$1,752
Feb 2023071075.112.47$1,751
Jan 2023094876.533.39$3,212
Dec 2022074676.415.73$4,274
Nov 2022079085.005.65$4,461
Oct 2022071087.185.86$4,163
Sep 2022077284.888.16$6,302
Aug 2022077394.529.13$7,055
Jul 20220789101.587.54$5,951
Jun 20220889115.097.98$7,092
May 20220844109.378.43$7,117
Apr 20220859104.226.84$5,874
Mar 202201,063108.885.08$5,396
Feb 2022077691.054.86$3,770
Jan 2022099481.844.54$4,510
Dec 2021093171.323.90$3,630
Nov 2021091977.435.24$4,813
Oct 202101,00779.795.71$5,754
Sep 2021025869.865.35$1,381
Aug 2021026866.024.22$1,131
Jul 2021026870.783.98$1,067
Jun 2021025869.493.38$872
May 2021027263.483.02$821
Apr 2021029060.362.76$800
Mar 2021029261.302.72$793
Feb 2021022757.805.55$1,259
Jan 2021029150.412.81$818
Dec 2020030544.642.68$816
Nov 2020025738.772.71$696
Oct 2020031636.972.48$783
Sep 2020030537.091.99$607
Aug 2020032639.982.39$778
Jul 2020030838.371.83$562
Jun 2020028934.901.69$489
May 2020030216.921.81$548
Apr 2020028014.751.80$505
Mar 2020021230.341.86$394
Feb 2020020049.881.98$396
Jan 2020023557.252.09$492
Dec 2019020659.012.30$475
Nov 2019020855.302.75$572
Oct 2019021953.472.42$530
Sep 2019022255.052.66$590
Aug 2019021353.112.30$491
Jul 2019023256.272.46$571
Jun 2019020752.782.49$516
May 2019021158.482.74$578
Apr 2019022162.632.75$608
Mar 2019023056.803.06$704
Feb 2019021650.852.79$603
Jan 2019024746.033.23$797
Dec 2018025646.594.19$1,071
Nov 2018025552.934.24$1,081
Oct 2018025161.443.40$853
Sep 2018020259.543.11$628
Aug 2018025459.403.07$779
Jul 2018023765.142.93$695
Jun 2018025260.183.08$775
May 2018027965.382.90$809
Apr 2018026463.842.90$766
Mar 2018029261.222.79$814
Feb 2018027461.782.77$758
Jan 2018025662.874.01$1,026
Dec 2017028057.272.92$818
Nov 2017230155.423.12$1,049
Oct 2017032649.292.98$973
Sep 2017034047.523.09$1,050
Aug 2017038845.373.00$1,166
Jul 2017033443.873.09$1,031
Jun 2017034042.493.09$1,050
May 2017051945.373.26$1,694
Apr 2017050847.933.21$1,631
Mar 2017032646.772.98$973
Feb 2017058550.452.95$1,727
Jan 2017054049.413.42$1,846
Dec 2016036648.763.72$1,363
Nov 2016043442.492.64$1,148
Oct 2016143846.193.09$1,400
Sep 2016023541.553.10$729
Aug 2016018941.442.92$553
Jul 2016028541.622.92$833
Jun 2016026845.352.69$720
May 2016013342.521.99$265
Apr 2016016036.561.99$319
Mar 2016016633.011.79$298
Feb 2016118926.472.06$417
Jan 2016019127.352.36$452
Dec 2015228832.362.00$641
Nov 2015029038.792.17$629
Oct 2015031743.552.43$769
Sep 2015231942.992.76$966
Aug 2015031140.162.87$893
Jul 2015031148.152.95$916
Jun 2015031956.152.88$920
May 2015238055.212.96$1,233
Apr 2015038649.822.71$1,045
Mar 2015036942.892.93$1,083
Feb 2015242744.662.98$1,360
Jan 2015032243.433.10$998
Dec 2014040154.693.59$1,440
Nov 2014039670.464.25$1,684
Oct 2014243878.303.90$1,865
Sep 2014139086.164.05$1,664
Aug 2014031389.394.04$1,263
Jul 2014031096.564.18$1,296
Jun 2014029598.164.74$1,397
May 2014039694.734.73$1,872
Apr 2014138395.944.81$1,938
Mar 2014139995.895.06$2,114
Feb 2014035997.406.19$2,223
Jan 2014026390.404.86$1,278
Dec 2013026391.824.35$1,145
Nov 2013029488.853.74$1,099
Oct 2013028997.423.78$1,092
Sep 20130409104.113.72$1,521
Aug 20130344104.253.52$1,212
Jul 20130391102.523.72$1,454
Jun 2013030794.403.93$1,208
May 2013030194.834.15$1,249
Apr 2013044993.964.28$1,923
Mar 2013049293.623.91$1,925
Feb 2013029891.233.42$1,019
Jan 2013032991.603.42$1,125
Dec 2012038386.773.42$1,310
Nov 201204186.953.62$149
Oct 20120089.383.40$0
Sep 2012043894.672.92$1,278
Aug 2012052792.662.91$1,533
Jul 2012055085.133.02$1,661
Jun 2012050179.822.52$1,262
May 2012150591.612.49$1,348
Apr 20120541101.652.00$1,080
Mar 20120577105.052.22$1,282
Feb 20120513101.102.57$1,319
Jan 2012145998.092.73$1,353
Dec 2011048696.873.24$1,575
Nov 2011148295.723.31$1,692
Oct 2011155684.983.65$2,114
Sep 2011057183.623.99$2,276
Aug 2011087383.404.15$3,622
Jul 2011011294.144.52$506
Jun 2011156992.904.64$2,733
May 2011114398.134.40$728
Apr 20110398105.964.33$1,725
Mar 2011147696.364.06$2,028
Feb 2011150285.644.18$2,184
Jan 2011254886.504.59$2,688
Dec 2010056785.734.35$2,465
Nov 2010056980.843.80$2,160
Oct 2010059678.103.51$2,091
Sep 2010158372.633.98$2,393
Aug 2010061873.684.42$2,731
Jul 2010189172.554.74$4,293
Jun 201001,31570.364.91$6,457
May 2010172371.124.24$3,133
Apr 2010171881.694.12$3,042
Mar 2010173278.394.39$3,291
Feb 2010173673.585.44$4,079
Jan 2010176674.365.96$4,643
Dec 2009180871.445.48$4,502
Nov 2009079674.593.75$2,986
Oct 2009180272.544.11$3,369
Sep 2009179365.543.06$2,496
Aug 2009189567.423.22$2,948
Jul 2009492961.133.46$3,463
Jun 200911,49966.163.90$5,905
May 2009192054.743.93$3,666
Apr 2009157246.773.59$2,099
Mar 2009161542.144.06$2,538
Feb 2009248732.814.63$2,322
Jan 2009163135.865.37$3,425
Dec 2008155337.105.98$3,342
Nov 2008167855.496.86$4,707
Oct 2008281475.246.92$5,785
Sep 20081758101.767.88$6,073
Aug 200811,116114.228.48$9,581
Jul 200810131.0811.39$131
Jun 20081329131.3313.03$4,419

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                  698 Mcf  × $  3.05 =     $2,126

────────────────────────────────────────────────────
Month total                                   $2,126

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/242558 is the state's own key, not one this site invented.