GALVAN RANCH K10

Name: GALVAN RANCH K10 lease production and value, Nov 2009 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by WAGNER OIL COMPANY (P-5 891175) 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 253124District 04Field 522110602 tax incentive programmesCondensateGasSave Export

Value, all time

$799 k

Nov 2009 – Dec 2019

Value, last 12 filed months

at the published price for each month

Months reported

122

no gaps in the span

Streams

condensate, gas

The LAS TIENDAS (OLMOS) field

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2010-02-24	196973
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	647 bbl	$48,719
Gas	Production	182,849 Mcf	$749,887
Total			$798,606

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 28.0428, -99.7174. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.04277, -99.71745 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

6,380 ft

1 wells filed one

Completion to plug

8.7 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 6,380 ft.

Completions filed

Nov 2009

1 of 1 wells

Plug dates filed

Jul 2018

1 of 1 wells

Last completion to plug: a median of 8.7 years across the 1 well that filed both dates, with the middle half between 8.7 years and 8.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47940640	1	6,380 ft	Nov 2009	Jul 2018	Yes

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 (122)

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

122 months


Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	1	0	59.40	3.07	$59
Jul 2018	0	652	65.14	2.93	$1,912
Jun 2018	0	693	60.18	3.08	$2,132
May 2018	0	769	65.38	2.90	$2,231
Apr 2018	0	728	63.84	2.90	$2,112
Mar 2018	0	806	61.22	2.79	$2,246
Feb 2018	0	755	61.78	2.77	$2,088
Jan 2018	0	706	62.87	4.01	$2,831
Dec 2017	0	771	57.27	2.92	$2,252
Nov 2017	0	829	55.42	3.12	$2,585
Oct 2017	0	388	49.29	2.98	$1,158
Sep 2017	0	326	47.52	3.09	$1,006
Aug 2017	0	408	45.37	3.00	$1,226
Jul 2017	0	434	43.87	3.09	$1,340
Jun 2017	1	388	42.49	3.09	$1,240
May 2017	0	357	45.37	3.26	$1,165
Apr 2017	0	347	47.93	3.21	$1,114
Mar 2017	1	431	46.77	2.98	$1,333
Feb 2017	0	369	50.45	2.95	$1,090
Jan 2017	5	364	49.41	3.42	$1,491
Dec 2016	5	441	48.76	3.72	$1,886
Nov 2016	0	521	42.49	2.64	$1,378
Oct 2016	1	315	46.19	3.09	$1,020
Sep 2016	0	678	41.55	3.10	$2,102
Aug 2016	1	790	41.44	2.92	$2,352
Jul 2016	0	703	41.62	2.92	$2,056
Jun 2016	0	889	45.35	2.69	$2,388
May 2016	12	683	42.52	1.99	$1,870
Apr 2016	0	374	36.56	1.99	$745
Mar 2016	0	425	33.01	1.79	$762
Feb 2016	0	399	26.47	2.06	$823
Jan 2016	0	694	27.35	2.36	$1,641
Dec 2015	11	410	32.36	2.00	$1,177
Nov 2015	0	574	38.79	2.17	$1,244
Oct 2015	0	639	43.55	2.43	$1,551
Sep 2015	0	642	42.99	2.76	$1,771
Aug 2015	0	647	40.16	2.87	$1,859
Jul 2015	0	623	48.15	2.95	$1,835
Jun 2015	9	610	56.15	2.88	$2,264
May 2015	0	560	55.21	2.96	$1,655
Apr 2015	0	570	49.82	2.71	$1,543
Mar 2015	0	276	42.89	2.93	$810
Feb 2015	12	689	44.66	2.98	$2,587
Jan 2015	0	734	43.43	3.10	$2,276
Dec 2014	0	913	54.69	3.59	$3,279
Nov 2014	0	908	70.46	4.25	$3,861
Oct 2014	0	1,003	78.30	3.90	$3,913
Sep 2014	15	613	86.16	4.05	$3,772
Aug 2014	0	979	89.39	4.04	$3,950
Jul 2014	0	972	96.56	4.18	$4,063
Jun 2014	0	925	98.16	4.74	$4,382
May 2014	9	1,074	94.73	4.73	$5,929
Apr 2014	0	420	95.94	4.81	$2,020
Mar 2014	0	717	95.89	5.06	$3,626
Feb 2014	0	809	97.40	6.19	$5,009
Jan 2014	0	491	90.40	4.86	$2,387
Dec 2013	0	993	91.82	4.35	$4,324
Nov 2013	0	564	88.85	3.74	$2,108
Oct 2013	0	638	97.42	3.78	$2,411
Sep 2013	14	841	104.11	3.72	$4,584
Aug 2013	0	1,001	104.25	3.52	$3,526
Jul 2013	0	870	102.52	3.72	$3,234
Jun 2013	0	712	94.40	3.93	$2,801
May 2013	0	1,126	94.83	4.15	$4,672
Apr 2013	0	1,174	93.96	4.28	$5,028
Mar 2013	0	1,231	93.62	3.91	$4,817
Feb 2013	0	1,191	91.23	3.42	$4,073
Jan 2013	0	1,265	91.60	3.42	$4,326
Dec 2012	0	724	86.77	3.42	$2,476
Nov 2012	0	1,139	86.95	3.62	$4,129
Oct 2012	0	1,437	89.38	3.40	$4,885
Sep 2012	0	1,392	94.67	2.92	$4,062
Aug 2012	14	1,549	92.66	2.91	$5,802
Jul 2012	0	1,586	85.13	3.02	$4,791
Jun 2012	14	1,558	79.82	2.52	$5,042
May 2012	0	1,649	91.61	2.49	$4,103
Apr 2012	0	1,450	101.65	2.00	$2,895
Mar 2012	0	1,884	105.05	2.22	$4,186
Feb 2012	0	1,781	101.10	2.57	$4,578
Jan 2012	0	1,930	98.09	2.73	$5,277
Dec 2011	0	1,851	96.87	3.24	$5,997
Nov 2011	17	1,904	95.72	3.31	$7,932
Oct 2011	0	2,102	84.98	3.65	$7,669
Sep 2011	0	1,890	83.62	3.99	$7,533
Aug 2011	16	1,950	83.40	4.15	$9,426
Jul 2011	0	958	94.14	4.52	$4,328
Jun 2011	13	1,409	92.90	4.64	$7,745
May 2011	14	1,875	98.13	4.40	$9,633
Apr 2011	0	1,709	105.96	4.33	$7,406
Mar 2011	15	2,728	96.36	4.06	$12,514
Feb 2011	0	3,314	85.64	4.18	$13,852
Jan 2011	14	3,870	86.50	4.59	$18,970
Dec 2010	15	3,987	85.73	4.35	$18,620
Nov 2010	17	3,939	80.84	3.80	$16,324
Oct 2010	0	4,201	78.10	3.51	$14,741
Sep 2010	0	4,342	72.63	3.98	$17,279
Aug 2010	23	4,913	73.68	4.42	$23,407
Jul 2010	24	5,265	72.55	4.74	$26,679
Jun 2010	29	5,319	70.36	4.91	$28,159
May 2010	34	5,826	71.12	4.24	$27,092
Apr 2010	0	6,240	81.69	4.12	$25,726
Mar 2010	38	6,838	78.39	4.39	$32,989
Feb 2010	29	7,541	73.58	5.44	$43,175
Jan 2010	32	9,902	74.36	5.96	$61,436
Dec 2009	159	14,789	71.44	5.48	$92,458
Nov 2009	33	10,271	74.59	3.75	$40,993

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.

Aug 2018 — as filed, then multipliedworked

Condensate             1 bbl  × $ 59.40 =        $59
Gas                    0 Mcf  × $  3.07 =         $0

────────────────────────────────────────────────────
Month total                                      $59

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/253124 is the state's own key, not one this site invented.