GALVAN RANCH P2

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 245804District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$330 k
Apr 2008 – May 2026
Value, last 12 filed months
$8 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 Gas112009-04-22184190
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
CondensateDisposition87 bbl$6,656
GasProduction84,619 Mcf$323,624
Total$330,280

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 28.0645, -99.6513. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.06447, -99.65131 · 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
6,865 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 6,865 ft.

Completions filed
Apr 2008
1 of 1 wells

1 well

42-4794004416,865 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 20260105106.413.05$320
Apr 2026014898.932.87$425
Mar 2026026189.753.15$822
Feb 2026013463.503.75$503
Jan 2026014259.138.00$1,136
Dec 2025015556.664.41$684
Nov 2025017758.593.93$695
Oct 2025021559.383.30$711
Sep 2025025862.743.08$794
Aug 2025023663.933.01$711
Jul 2025022266.743.32$736
Jun 2025022266.483.13$695
May 2025029860.553.23$963
Apr 2025025962.363.54$918
Mar 2025027667.704.27$1,178
Feb 2025032170.884.34$1,393
Jan 2025027774.324.28$1,185
Dec 2024030668.993.12$955
Nov 2024022069.052.20$484
Oct 2024030771.372.28$700
Sep 2024028869.612.36$681
Aug 2024029775.632.06$613
Jul 2024030379.932.15$650
Jun 2024029178.082.63$766
May 2024027078.812.20$594
Apr 2024028984.451.66$480
Mar 2024030380.301.55$468
Feb 2024034076.091.78$606
Jan 2024028673.023.30$943
Dec 2023030071.262.61$783
Nov 2023029277.892.81$820
Oct 2023025385.443.09$781
Sep 2023026989.042.74$736
Aug 2023026980.522.67$719
Jul 2023026574.852.64$700
Jun 2023025868.962.26$583
May 2023031470.622.23$699
Apr 2023028578.122.24$638
Mar 2023031472.852.39$751
Feb 2023026675.112.47$656
Jan 2023025476.533.39$860
Dec 2022036676.415.73$2,097
Nov 2022036285.005.65$2,044
Oct 2022030887.185.86$1,806
Sep 2022030784.888.16$2,506
Aug 2022025994.529.13$2,364
Jul 20220341101.587.54$2,572
Jun 20220359115.097.98$2,864
May 20220334109.378.43$2,817
Apr 20220399104.226.84$2,728
Mar 20220415108.885.08$2,107
Feb 2022035891.054.86$1,739
Jan 2022043681.844.54$1,978
Dec 2021046971.323.90$1,829
Nov 2021048477.435.24$2,535
Oct 2021046779.795.71$2,668
Sep 202101,01869.865.35$5,447
Aug 202101,16366.024.22$4,909
Jul 202101,23770.783.98$4,926
Jun 202101,07869.493.38$3,644
May 202101,20063.483.02$3,621
Apr 202101,10960.362.76$3,059
Mar 202101,11861.302.72$3,038
Feb 2021086157.805.55$4,777
Jan 202101,19550.412.81$3,358
Dec 202001,03344.642.68$2,764
Nov 202001,08438.772.71$2,934
Oct 2020091036.972.48$2,255
Sep 2020085437.091.99$1,700
Aug 2020090739.982.39$2,163
Jul 2020098638.371.83$1,800
Jun 202001,00034.901.69$1,690
May 2020090816.921.81$1,648
Apr 202001,01114.751.80$1,824
Mar 2020068330.341.86$1,268
Feb 2020064449.881.98$1,276
Jan 2020075857.252.09$1,588
Dec 2019066459.012.30$1,530
Nov 2019067155.302.75$1,846
Oct 2019070853.472.42$1,712
Sep 2019071855.052.66$1,908
Aug 2019068753.112.30$1,583
Jul 2019075056.272.46$1,845
Jun 2019066952.782.49$1,667
May 2019068158.482.74$1,866
Apr 2019071562.632.75$1,967
Mar 2019074356.803.06$2,275
Feb 2019069950.852.79$1,952
Jan 2019079846.033.23$2,576
Dec 2018082746.594.19$3,461
Nov 2018082452.934.24$3,491
Oct 2018081161.443.40$2,756
Sep 2018065159.543.11$2,023
Aug 2018081959.403.07$2,512
Jul 2018076465.142.93$2,240
Jun 2018081260.183.08$2,498
May 2018090165.382.90$2,614
Apr 2018085363.842.90$2,474
Mar 2018094461.222.79$2,631
Feb 2018088561.782.77$2,448
Jan 2018082862.874.01$3,320
Dec 2017090457.272.92$2,641
Nov 2017297155.423.12$3,139
Oct 2017298349.292.98$3,032
Sep 2017282647.523.09$2,645
Aug 2017284145.373.00$2,617
Jul 2017068143.873.09$2,102
Jun 2017266142.493.09$2,126
May 2017247445.373.26$1,638
Apr 2017262447.933.21$2,100
Mar 2017247446.772.98$1,508
Feb 2017237750.452.95$1,214
Jan 2017427549.413.42$1,138
Dec 2016036148.763.72$1,344
Nov 2016147942.492.64$1,309
Oct 2016333146.193.09$1,161
Sep 2016115941.553.10$535
Aug 2016013341.442.92$389
Jul 2016111641.622.92$381
Jun 2016018445.352.69$494
May 2016021942.521.99$436
Apr 2016321736.561.99$542
Mar 2016013233.011.79$237
Feb 2016125426.472.06$551
Jan 2016117427.352.36$439
Dec 2015010132.362.00$202
Nov 2015016638.792.17$360
Oct 2015018543.552.43$449
Sep 201507742.992.76$212
Aug 201507540.162.87$215
Jul 201507048.152.95$206
Jun 201506656.152.88$190
May 2015116655.212.96$546
Apr 2015016849.822.71$455
Mar 2015019642.892.93$575
Feb 201509944.662.98$295
Jan 20150043.433.10$0
Dec 2014025154.693.59$901
Nov 2014020370.464.25$863
Oct 2014022478.303.90$874
Sep 201409786.164.05$392
Aug 2014013389.394.04$537
Jul 2014013196.564.18$548
Jun 2014012698.164.74$597
May 2014119794.734.73$1,026
Apr 2014015595.944.81$745
Mar 201407695.895.06$384
Feb 2014021597.406.19$1,331
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201310104.113.72$104
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 2013016391.603.42$557
Dec 2012010286.773.42$349
Nov 2012020286.953.62$732
Oct 2012015289.383.40$517
Sep 2012019894.672.92$578
Aug 2012015192.662.91$439
Jul 201209485.133.02$284
Jun 2012019679.822.52$494
May 201219391.612.49$323
Apr 20120260101.652.00$519
Mar 201200105.052.22$0
Feb 20121309101.102.57$895
Jan 2012010298.092.73$279
Dec 2011130196.873.24$1,072
Nov 2011149095.723.31$1,718
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 2011045994.144.52$2,073
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 2011010685.644.18$443
Jan 2011119586.504.59$981
Dec 2010020185.734.35$874
Nov 2010013080.843.80$493
Oct 201009678.103.51$337
Sep 201005672.633.98$223
Aug 2010119273.684.42$922
Jul 2010120772.554.74$1,053
Jun 2010146770.364.91$2,364
May 20100271.124.24$8
Apr 2010119281.694.12$873
Mar 201019478.394.39$491
Feb 201017873.585.44$498
Jan 2010118674.365.96$1,184
Dec 200909071.445.48$494
Nov 200918474.593.75$390
Oct 2009013772.544.11$563
Sep 2009113865.543.06$488
Aug 2009118267.423.22$653
Jul 2009025361.133.46$877
Jun 2009127866.163.90$1,149
May 2009124054.743.93$997
Apr 2009157446.773.59$2,106
Mar 2009050742.144.06$2,058
Feb 2009134232.814.63$1,617
Jan 2009028735.865.37$1,541
Dec 2008223237.105.98$1,461
Nov 2008238855.496.86$2,773
Oct 2008257975.246.92$4,158
Sep 20082484101.767.88$4,016
Aug 20082462114.228.48$4,148
Jul 20085749131.0811.39$9,186
Jun 20084935131.3313.03$12,711
May 200810716123.1711.57$9,519
Apr 200832,073110.3110.45$22,004

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                  105 Mcf  × $  3.05 =       $320

────────────────────────────────────────────────────
Month total                                     $320

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/245804 is the state's own key, not one this site invented.