GALVAN RANCH L2

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 248552District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$242 k
Jan 2009 – May 2026
Value, last 12 filed months
$1 k
at the published price for each month
Months reported
209
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 Gas112009-09-29194421
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
CondensateDisposition78 bbl$4,511
GasProduction62,814 Mcf$237,621
Total$242,132

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 28.0283, -99.7051. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.02828, -99.70508 · 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
6,455 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 6,455 ft.

Completions filed
Jan 2009
1 of 1 wells

1 well

42-4794032726,455 ftJan 2009

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 (209)

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

209 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 2025038962.743.08$1,197
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 2025031560.553.23$1,018
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20173055.423.12$166
Oct 2017121849.292.98$700
Sep 201719547.523.09$341
Aug 2017113045.373.00$436
Jul 2017017043.873.09$525
Jun 2017130742.493.09$990
May 2017146245.373.26$1,553
Apr 2017148047.933.21$1,590
Mar 2017033946.772.98$1,011
Feb 2017149150.452.95$1,500
Jan 2017151549.413.42$1,810
Dec 2016048548.763.72$1,806
Nov 2016047142.492.64$1,245
Oct 2016342246.193.09$1,443
Sep 2016037641.553.10$1,166
Aug 2016153241.442.92$1,597
Jul 2016056041.622.92$1,638
Jun 2016041145.352.69$1,104
May 2016342642.521.99$976
Apr 2016033036.561.99$657
Mar 2016047633.011.79$854
Feb 2016244326.472.06$967
Jan 2016033527.352.36$792
Dec 2015232732.362.00$719
Nov 2015034038.792.17$737
Oct 2015037143.552.43$900
Sep 2015133642.992.76$970
Aug 2015032740.162.87$939
Jul 2015025248.152.95$742
Jun 2015017856.152.88$513
May 2015227555.212.96$923
Apr 2015028049.822.71$758
Mar 2015030942.892.93$907
Feb 2015238144.662.98$1,223
Jan 2015030143.433.10$933
Dec 2014036854.693.59$1,322
Nov 2014044770.464.25$1,901
Oct 2014249478.303.90$2,084
Sep 2014242786.164.05$1,900
Aug 2014039089.394.04$1,574
Jul 2014038796.564.18$1,618
Jun 2014036898.164.74$1,743
May 2014051694.734.73$2,439
Apr 2014133595.944.81$1,707
Mar 2014139095.895.06$2,068
Feb 2014039297.406.19$2,427
Jan 2014032890.404.86$1,594
Dec 2013047191.824.35$2,051
Nov 2013019288.853.74$718
Oct 2013031997.423.78$1,206
Sep 20130236104.113.72$877
Aug 20130464104.253.52$1,634
Jul 20130604102.523.72$2,246
Jun 2013059994.403.93$2,356
May 2013052694.834.15$2,182
Apr 2013055293.964.28$2,364
Mar 2013056593.623.91$2,211
Feb 2013054791.233.42$1,871
Jan 2013055691.603.42$1,901
Dec 2012051586.773.42$1,761
Nov 2012062986.953.62$2,280
Oct 2012065989.383.40$2,240
Sep 2012053194.672.92$1,550
Aug 2012056992.662.91$1,655
Jul 2012044285.133.02$1,335
Jun 2012045179.822.52$1,136
May 2012150591.612.49$1,348
Apr 20120504101.652.00$1,006
Mar 20120589105.052.22$1,309
Feb 20120573101.102.57$1,473
Jan 2012159198.092.73$1,714
Dec 2011027196.873.24$878
Nov 2011153895.723.31$1,877
Oct 2011176084.983.65$2,858
Sep 2011030983.623.99$1,232
Aug 2011097283.404.15$4,033
Jul 2011011994.144.52$538
Jun 2011146992.904.64$2,269
May 2011117998.134.40$887
Apr 201100105.964.33$0
Mar 2011167196.364.06$2,819
Feb 2011171485.644.18$3,070
Jan 2011379286.504.59$3,894
Dec 2010082885.734.35$3,600
Nov 2010094980.843.80$3,602
Oct 2010099878.103.51$3,502
Sep 201011,02872.633.98$4,164
Aug 201001,03673.684.42$4,578
Jul 2010183072.554.74$4,004
Jun 2010049170.364.91$2,411
May 2010091171.124.24$3,858
Apr 2010046681.694.12$1,921
Mar 2010135778.394.39$1,645
Feb 2010187773.585.44$4,847
Jan 2010192774.365.96$5,603
Dec 200921,08071.445.48$6,065
Nov 200901,87574.593.75$7,034
Oct 200922972.544.11$264
Sep 200911,64265.543.06$5,098
Aug 2009190067.423.22$2,964
Jul 200921,31061.133.46$4,661
Jun 2009145366.163.90$1,831
May 200921,38254.743.93$5,535
Apr 200931,39046.773.59$5,127
Mar 200952,14242.144.06$8,905
Feb 200982,74732.814.63$12,989
Jan 200922,48635.865.37$13,424

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.

Sep 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 62.74 =         $0
Gas                  389 Mcf  × $  3.08 =     $1,197

────────────────────────────────────────────────────
Month total                                   $1,197

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/248552 is the state's own key, not one this site invented.