GALVAN RANCH K15

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 255070District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$809 k
Dec 2009 – May 2026
Value, last 12 filed months
$15 k
at the published price for each month
Months reported
198
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 Gas112010-08-31199352
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
CondensateDisposition1,159 bbl$72,256
GasProduction190,272 Mcf$736,788
Total$809,044

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 28.0364, -99.7139. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.03639, -99.71389 · 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
6,400 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 6,400 ft.

Completions filed
Dec 2009
1 of 1 wells

1 well

42-4794064216,400 ftDec 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 (198)

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

198 months

May 20260292106.413.05$889
Apr 2026025198.932.87$720
Mar 2026026189.753.15$822
Feb 2026019763.503.75$739
Jan 2026021359.138.00$1,704
Dec 20259422456.664.41$6,315
Nov 2025015458.593.93$605
Oct 2025019859.383.30$654
Sep 2025023462.743.08$720
Aug 2025023463.933.01$705
Jul 2025020366.743.32$673
Jun 2025020366.483.13$635
May 2025020360.553.23$656
Apr 2025020362.363.54$719
Mar 2025021867.704.27$930
Feb 2025023270.884.34$1,007
Jan 2025017274.324.28$736
Dec 2024017268.993.12$537
Nov 2024027369.052.20$600
Oct 2024025471.372.28$579
Sep 2024022869.612.36$539
Aug 2024024375.632.06$501
Jul 2024021979.932.15$470
Jun 2024024278.082.63$637
May 2024021278.812.20$466
Apr 2024019684.451.66$325
Mar 2024026580.301.55$409
Feb 2024027776.091.78$494
Jan 2024027073.023.30$890
Dec 2023024671.262.61$642
Nov 2023025877.892.81$724
Oct 2023023685.443.09$729
Sep 2023026889.042.74$733
Aug 2023026880.522.67$716
Jul 2023030174.852.64$795
Jun 2023025168.962.26$567
May 2023030670.622.23$682
Apr 2023027078.122.24$604
Mar 202313830672.852.39$10,786
Feb 2023029775.112.47$732
Jan 2023039776.533.39$1,345
Dec 2022031276.415.73$1,787
Nov 2022033185.005.65$1,869
Oct 2022029787.185.86$1,742
Sep 2022032384.888.16$2,637
Aug 2022032494.529.13$2,957
Jul 20220330101.587.54$2,489
Jun 20220373115.097.98$2,976
May 20220353109.378.43$2,977
Apr 20220360104.226.84$2,462
Mar 20220445108.885.08$2,259
Feb 2022032591.054.86$1,579
Jan 2022041681.844.54$1,888
Dec 2021039071.323.90$1,521
Nov 2021038577.435.24$2,016
Oct 2021042279.795.71$2,411
Sep 2021019369.865.35$1,033
Aug 2021020166.024.22$848
Jul 2021020170.783.98$800
Jun 2021019369.493.38$652
May 2021020463.483.02$616
Apr 2021021760.362.76$599
Mar 2021021961.302.72$595
Feb 2021017157.805.55$949
Jan 20218118150.412.81$4,592
Dec 2020024744.642.68$661
Nov 2020021438.772.71$579
Oct 2020018436.972.48$456
Sep 2020019937.091.99$396
Aug 2020020339.982.39$484
Jul 2020022238.371.83$405
Jun 2020034534.901.69$583
May 2020137416.921.81$696
Apr 2020030114.751.80$543
Mar 2020056830.341.86$1,054
Feb 2020053549.881.98$1,060
Jan 2020063057.252.09$1,320
Dec 2019055259.012.30$1,272
Nov 2019055855.302.75$1,535
Oct 20195858853.472.42$4,523
Sep 2019059755.052.66$1,586
Aug 2019057153.112.30$1,316
Jul 2019062356.272.46$1,533
Jun 2019055652.782.49$1,385
May 2019056658.482.74$1,551
Apr 2019059462.632.75$1,634
Mar 2019061856.803.06$1,892
Feb 2019058150.852.79$1,622
Jan 201914966346.033.23$8,999
Dec 2018068746.594.19$2,875
Nov 2018068552.934.24$2,903
Oct 2018067461.443.40$2,290
Sep 2018054159.543.11$1,681
Aug 2018068159.403.07$2,088
Jul 2018063565.142.93$1,862
Jun 2018067560.183.08$2,077
May 2018074865.382.90$2,170
Apr 2018070963.842.90$2,057
Mar 2018078461.222.79$2,185
Feb 2018073661.782.77$2,036
Jan 2018068862.874.01$2,758
Dec 2017075157.272.92$2,194
Nov 2017080755.423.12$2,517
Oct 2017037749.292.98$1,125
Sep 2017029047.523.09$895
Aug 2017039545.373.00$1,187
Jul 2017038243.873.09$1,179
Jun 2017536642.493.09$1,342
May 2017038645.373.26$1,260
Apr 2017039747.933.21$1,275
Mar 2017349346.772.98$1,611
Feb 2017043350.452.95$1,278
Jan 20172049149.413.42$2,667
Dec 20162154548.763.72$3,053
Nov 2016037142.492.64$981
Oct 2016224846.193.09$859
Sep 2016072741.553.10$2,254
Aug 201621,11041.442.92$3,329
Jul 201601,10441.622.92$3,228
Jun 2016196645.352.69$2,640
May 201613092642.521.99$7,371
Apr 201601,42136.561.99$2,829
Mar 201601,58633.011.79$2,845
Feb 201601,48826.472.06$3,071
Jan 201602,19927.352.36$5,199
Dec 2015151,41132.362.00$3,309
Nov 2015092138.792.17$1,996
Oct 201501,02543.552.43$2,487
Sep 2015081842.992.76$2,256
Aug 2015082440.162.87$2,367
Jul 2015079448.152.95$2,338
Jun 20151678056.152.88$3,147
May 2015060255.212.96$1,779
Apr 2015061249.822.71$1,656
Mar 2015094542.892.93$2,773
Feb 2015121,35344.662.98$4,563
Jan 201501,17043.433.10$3,628
Dec 2014094954.693.59$3,408
Nov 2014075270.464.25$3,197
Oct 2014083178.303.90$3,242
Sep 20141272286.164.05$3,955
Aug 2014081489.394.04$3,285
Jul 2014080996.564.18$3,381
Jun 2014077098.164.74$3,647
May 20141585594.734.73$5,462
Apr 2014079295.944.81$3,809
Mar 2014095495.895.06$4,824
Feb 201401,03597.406.19$6,409
Jan 201402,05090.404.86$9,964
Dec 201301,18091.824.35$5,138
Nov 201301,42688.853.74$5,331
Oct 2013098097.423.78$3,704
Sep 201319923104.113.72$5,410
Aug 20130763104.253.52$2,688
Jul 20130702102.523.72$2,610
Jun 2013091394.403.93$3,591
May 201301,26694.834.15$5,253
Apr 201301,35793.964.28$5,811
Mar 201301,82893.623.91$7,153
Feb 201302,23091.233.42$7,626
Jan 201301,09191.603.42$3,731
Dec 201202,83086.773.42$9,679
Nov 20120086.953.62$0
Oct 201203,12289.383.40$10,614
Sep 201201,69394.672.92$4,941
Aug 201251,74792.662.91$5,544
Jul 2012018085.133.02$544
Jun 20121214979.822.52$1,333
May 2012081491.612.49$2,025
Apr 201201,160101.652.00$2,316
Mar 201201,460105.052.22$3,244
Feb 201201,060101.102.57$2,724
Jan 201201,61098.092.73$4,402
Dec 201101,63996.873.24$5,310
Nov 2011181,86095.723.31$7,882
Oct 201101,85884.983.65$6,779
Sep 201102,78983.623.99$11,116
Aug 2011679183.404.15$3,783
Jul 20110094.144.52$0
Jun 20111091492.904.64$5,170
May 2011101,54798.134.40$7,796
Apr 201101,403105.964.33$6,080
Mar 2011111,64496.364.06$7,730
Feb 201102,32085.644.18$9,698
Jan 2011133,50086.504.59$17,185
Dec 2010113,92185.734.35$17,991
Nov 2010123,01880.843.80$12,424
Oct 201002,98278.103.51$10,464
Sep 201003,03572.633.98$12,078
Aug 2010163,50573.684.42$16,669
Jul 2010173,68372.554.74$18,678
Jun 2010213,81270.364.91$20,196
May 2010254,34571.124.24$20,180
Apr 201004,67681.694.12$19,278
Mar 2010285,11978.394.39$24,661
Feb 2010225,53273.585.44$31,726
Jan 2010257,07774.365.96$44,067
Dec 200910311,52671.445.48$70,564

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                  292 Mcf  × $  3.05 =       $889

────────────────────────────────────────────────────
Month total                                     $889

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/255070 is the state's own key, not one this site invented.