GALVAN RANCH J5

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 247306District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$633 k
Dec 2008 – May 2026
Value, last 12 filed months
$11 k
at the published price for each month
Months reported
210
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 Gas112009-06-16190499
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
CondensateDisposition90 bbl$5,678
GasProduction168,138 Mcf$627,452
Total$633,131

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 28.0038, -99.7418. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.00377, -99.74178 · 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
6,540 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 6,540 ft.

Completions filed
Dec 2008
1 of 1 wells

1 well

42-4793995716,540 ftDec 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 (210)

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

210 months

May 20260309106.413.05$941
Apr 2026026598.932.87$760
Mar 2026033889.753.15$1,065
Feb 2026020863.503.75$780
Jan 2026022559.138.00$1,800
Dec 2025023756.664.41$1,046
Nov 2025016358.593.93$640
Oct 2025020959.383.30$691
Sep 2025024762.743.08$760
Aug 2025024763.933.01$745
Jul 2025021466.743.32$709
Jun 2025021466.483.13$670
May 2025021460.553.23$692
Apr 2025021462.363.54$758
Mar 2025023067.704.27$982
Feb 2025024570.884.34$1,064
Jan 2025018174.324.28$774
Dec 2024018268.993.12$568
Nov 2024028869.052.20$633
Oct 2024026871.372.28$611
Sep 2024024069.612.36$567
Aug 2024025575.632.06$526
Jul 2024023279.932.15$498
Jun 2024025778.082.63$677
May 2024022478.812.20$492
Apr 2024020784.451.66$343
Mar 2024027980.301.55$431
Feb 2024029276.091.78$521
Jan 2024028573.023.30$940
Dec 2023026071.262.61$679
Nov 2023027377.892.81$766
Oct 2023024985.443.09$769
Sep 2023028389.042.74$774
Aug 2023028380.522.67$756
Jul 2023031874.852.64$840
Jun 2023026568.962.26$599
May 2023032370.622.23$719
Apr 2023028578.122.24$638
Mar 2023032372.852.39$773
Feb 2023019875.112.47$488
Jan 2023041976.533.39$1,419
Dec 2022032976.415.73$1,885
Nov 2022035085.005.65$1,976
Oct 2022031487.185.86$1,841
Sep 2022034184.888.16$2,784
Aug 2022034294.529.13$3,121
Jul 20220348101.587.54$2,625
Jun 20220392115.097.98$3,127
May 20220373109.378.43$3,146
Apr 20220380104.226.84$2,598
Mar 20220470108.885.08$2,386
Feb 2022034391.054.86$1,667
Jan 2022043981.844.54$1,992
Dec 2021041271.323.90$1,606
Nov 2021040677.435.24$2,126
Oct 2021044579.795.71$2,543
Sep 2021070869.865.35$3,788
Aug 2021073866.024.22$3,115
Jul 2021073670.783.98$2,931
Jun 2021070869.493.38$2,393
May 2021074863.483.02$2,257
Apr 2021079660.362.76$2,196
Mar 2021080261.302.72$2,179
Feb 2021062557.805.55$3,467
Jan 2021079550.412.81$2,234
Dec 2020082544.642.68$2,207
Nov 2020095438.772.71$2,582
Oct 2020081636.972.48$2,022
Sep 2020077737.091.99$1,547
Aug 2020085939.982.39$2,049
Jul 2020091738.371.83$1,674
Jun 2020079134.901.69$1,337
May 2020087016.921.81$1,579
Apr 2020089814.751.80$1,620
Mar 2020036030.341.86$668
Feb 2020033949.881.98$671
Jan 2020039957.252.09$836
Dec 2019035059.012.30$807
Nov 2019035455.302.75$974
Oct 2019037353.472.42$902
Sep 2019037855.052.66$1,004
Aug 2019036253.112.30$834
Jul 2019039556.272.46$972
Jun 2019035252.782.49$877
May 2019035958.482.74$984
Apr 2019037762.632.75$1,037
Mar 2019039256.803.06$1,200
Feb 2019036850.852.79$1,028
Jan 2019042046.033.23$1,356
Dec 2018043646.594.19$1,825
Nov 2018043452.934.24$1,839
Oct 2018042761.443.40$1,451
Sep 2018034359.543.11$1,066
Aug 2018043159.403.07$1,322
Jul 2018040265.142.93$1,179
Jun 2018042860.183.08$1,317
May 2018047465.382.90$1,375
Apr 2018045063.842.90$1,305
Mar 2018049761.222.79$1,385
Feb 2018046661.782.77$1,289
Jan 2018043662.874.01$1,748
Dec 2017347657.272.92$1,562
Nov 2017051255.423.12$1,597
Oct 2017055449.292.98$1,653
Sep 2017054747.523.09$1,689
Aug 2017084745.373.00$2,545
Jul 2017076643.873.09$2,365
Jun 2017071242.493.09$2,198
May 201701,15445.373.26$3,766
Apr 2017092247.933.21$2,961
Mar 2017078046.772.98$2,327
Feb 2017047250.452.95$1,394
Jan 2017048349.413.42$1,651
Dec 2016052248.763.72$1,943
Nov 2016066042.492.64$1,745
Oct 2016131846.193.09$1,029
Sep 2016044341.553.10$1,374
Aug 2016166941.442.92$1,998
Jul 2016769941.622.92$2,335
Jun 2016071045.352.69$1,907
May 2016059742.521.99$1,189
Apr 2016064236.561.99$1,278
Mar 2016089333.011.79$1,602
Feb 2016077626.472.06$1,601
Jan 2016058927.352.36$1,393
Dec 2015448832.362.00$1,106
Nov 2015062038.792.17$1,344
Oct 2015069643.552.43$1,689
Sep 2015060542.992.76$1,669
Aug 2015058240.162.87$1,672
Jul 2015063548.152.95$1,870
Jun 2015070656.152.88$2,035
May 2015073555.212.96$2,172
Apr 2015574649.822.71$2,268
Mar 2015069142.892.93$2,028
Feb 2015081244.662.98$2,417
Jan 2015061843.433.10$1,916
Dec 2014678954.693.59$3,162
Nov 201401,04070.464.25$4,422
Oct 201401,14978.303.90$4,482
Sep 201401,16286.164.05$4,701
Aug 201401,33089.394.04$5,367
Jul 201401,31996.564.18$5,513
Jun 201441,25898.164.74$6,352
May 201401,11094.734.73$5,246
Apr 2014096695.944.81$4,646
Mar 2014471095.895.06$3,974
Feb 2014076397.406.19$4,725
Jan 2014089590.404.86$4,350
Dec 201301,06691.824.35$4,642
Nov 2013476188.853.74$3,200
Oct 2013099297.423.78$3,749
Sep 201301,116104.113.72$4,149
Aug 201301,001104.253.52$3,526
Jul 201301,182102.523.72$4,394
Jun 2013211094.403.93$621
May 2013032194.834.15$1,332
Apr 201301,01693.964.28$4,351
Mar 201301,03093.623.91$4,030
Feb 2013382491.233.42$3,092
Jan 2013098491.603.42$3,365
Dec 201201,12486.773.42$3,844
Nov 2012093086.953.62$3,371
Oct 201201,12089.383.40$3,808
Sep 2012095194.672.92$2,775
Aug 201201,16492.662.91$3,385
Jul 201201,09585.133.02$3,308
Jun 201201,16879.822.52$2,942
May 2012090491.612.49$2,249
Apr 201201,162101.652.00$2,320
Mar 201201,319105.052.22$2,931
Feb 201201,222101.102.57$3,141
Jan 201201,34298.092.73$3,669
Dec 201101,31496.873.24$4,257
Nov 2011096395.723.31$3,189
Oct 201101,25684.983.65$4,583
Sep 201141,70183.623.99$7,114
Aug 201101,01183.404.15$4,195
Jul 2011070794.144.52$3,194
Jun 2011090492.904.64$4,194
May 201101,59698.134.40$7,030
Apr 20113250105.964.33$1,401
Mar 201101,30096.364.06$5,275
Feb 201131,21085.644.18$5,315
Jan 201101,34086.504.59$6,149
Dec 201001,09885.734.35$4,774
Nov 201001,38080.843.80$5,238
Oct 201001,46778.103.51$5,148
Sep 201001,35872.633.98$5,404
Aug 201001,59073.684.42$7,027
Jul 201001,52172.554.74$7,204
Jun 201031,56770.364.91$7,906
May 201002,11271.124.24$8,945
Apr 201001,97481.694.12$8,138
Mar 201002,04178.394.39$8,957
Feb 201042,01973.585.44$11,282
Jan 201002,01074.365.96$11,988
Dec 200902,02471.445.48$11,099
Nov 200922,03074.593.75$7,765
Oct 200912,11472.544.11$8,762
Sep 200922,20665.543.06$6,892
Aug 200902,20767.423.22$7,103
Jul 200942,01361.133.46$7,219
Jun 200902,07366.163.90$8,074
May 200922,41054.743.93$9,571
Apr 200962,52946.773.59$9,353
Mar 200923,13942.144.06$12,825
Feb 200963,20732.814.63$15,055
Jan 200943,99535.865.37$21,601
Dec 200803,13337.105.98$18,726

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                  309 Mcf  × $  3.05 =       $941

────────────────────────────────────────────────────
Month total                                     $941

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/247306 is the state's own key, not one this site invented.