GALVAN RANCH L5

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 255121District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.1 M
May 2009 – May 2026
Value, last 12 filed months
$17 k
at the published price for each month
Months reported
205
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 Gas112010-09-21199343
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
CondensateDisposition272 bbl$18,874
GasProduction283,679 Mcf$1,086,384
Total$1,105,258

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 28.0169, -99.7217. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.01694, -99.72167 · 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
6,500 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 6,500 ft.

Completions filed
May 2009
1 of 1 wells

1 well

42-4794054436,500 ftMay 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 (205)

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

205 months

May 20260569106.413.05$1,733
Apr 2026048898.932.87$1,400
Mar 2026046889.753.15$1,474
Feb 2026038363.503.75$1,436
Jan 2026041459.138.00$3,311
Dec 2025043656.664.41$1,924
Nov 2025029958.593.93$1,174
Oct 2025038659.383.30$1,276
Sep 20250062.743.08$0
Aug 2025045663.933.01$1,375
Jul 2025035566.743.32$1,177
Jun 2025035566.483.13$1,111
May 20250060.553.23$0
Apr 2025039562.363.54$1,400
Mar 2025042467.704.27$1,810
Feb 2025045170.884.34$1,958
Jan 2025033474.324.28$1,429
Dec 2024033568.993.12$1,046
Nov 2024053169.052.20$1,167
Oct 2024049471.372.28$1,127
Sep 2024044369.612.36$1,047
Aug 2024047175.632.06$972
Jul 2024042679.932.15$914
Jun 2024047278.082.63$1,243
May 2024041278.812.20$906
Apr 2024038184.451.66$632
Mar 2024051580.301.55$796
Feb 2024053976.091.78$961
Jan 2024052673.023.30$1,735
Dec 2023047971.262.61$1,251
Nov 2023050277.892.81$1,409
Oct 2023045985.443.09$1,417
Sep 2023052189.042.74$1,425
Aug 2023052180.522.67$1,393
Jul 2023058574.852.64$1,545
Jun 2023048868.962.26$1,102
May 2023059670.622.23$1,328
Apr 2023052478.122.24$1,173
Mar 2023059672.852.39$1,426
Feb 2023057875.112.47$1,425
Jan 2023077176.533.39$2,612
Dec 2022060776.415.73$3,478
Nov 2022064385.005.65$3,631
Oct 2022057887.185.86$3,389
Sep 2022062884.888.16$5,127
Aug 2022062994.529.13$5,741
Jul 20220642101.587.54$4,842
Jun 20220723115.097.98$5,768
May 20220687109.378.43$5,794
Apr 20220699104.226.84$4,779
Mar 20220866108.885.08$4,396
Feb 2022063291.054.86$3,071
Jan 2022080981.844.54$3,671
Dec 2021075871.323.90$2,956
Nov 2021074877.435.24$3,917
Oct 2021082079.795.71$4,685
Sep 202106469.865.35$342
Aug 202106766.024.22$283
Jul 202106770.783.98$267
Jun 202106469.493.38$216
May 202106863.483.02$205
Apr 202107260.362.76$199
Mar 202107361.302.72$198
Feb 202105757.805.55$316
Jan 202107250.412.81$202
Dec 202007744.642.68$206
Nov 202006438.772.71$173
Oct 202007936.972.48$196
Sep 202007737.091.99$153
Aug 202008139.982.39$193
Jul 202007738.371.83$141
Jun 202007234.901.69$122
May 202007616.921.81$138
Apr 202007014.751.80$126
Mar 2020030130.341.86$559
Feb 2020028449.881.98$563
Jan 2020033457.252.09$700
Dec 2019029359.012.30$675
Nov 2019029555.302.75$811
Oct 2019031253.472.42$755
Sep 2019031655.052.66$840
Aug 2019030353.112.30$698
Jul 2019033156.272.46$814
Jun 2019029552.782.49$735
May 2019030058.482.74$822
Apr 2019031562.632.75$866
Mar 2019032856.803.06$1,004
Feb 2019030850.852.79$860
Jan 2019035246.033.23$1,136
Dec 2018036446.594.19$1,524
Nov 2018036352.934.24$1,538
Oct 2018035861.443.40$1,217
Sep 2018028759.543.11$892
Aug 2018036159.403.07$1,107
Jul 2018033765.142.93$988
Jun 2018035860.183.08$1,102
May 2018039765.382.90$1,152
Apr 2018037663.842.90$1,091
Mar 2018041661.222.79$1,159
Feb 2018039061.782.77$1,079
Jan 2018036562.874.01$1,463
Dec 2017039857.272.92$1,163
Nov 2017542855.423.12$1,612
Oct 2017146449.292.98$1,434
Sep 2017135947.523.09$1,156
Aug 2017143545.373.00$1,352
Jul 2017042343.873.09$1,306
Jun 2017135942.493.09$1,151
May 2017139945.373.26$1,347
Apr 2017141247.933.21$1,371
Mar 2017050246.772.98$1,498
Feb 2017157150.452.95$1,736
Jan 2017162749.413.42$2,193
Dec 2016074948.763.72$2,788
Nov 2016087742.492.64$2,319
Oct 2016469546.193.09$2,332
Sep 2016066241.553.10$2,053
Aug 2016163641.442.92$1,901
Jul 2016082941.622.92$2,424
Jun 2016071745.352.69$1,926
May 2016484342.521.99$1,849
Apr 2016043336.561.99$862
Mar 2016091333.011.79$1,638
Feb 2016653026.472.06$1,253
Jan 201601,04327.352.36$2,466
Dec 2015548532.362.00$1,132
Nov 2015091738.792.17$1,987
Oct 201501,00043.552.43$2,427
Sep 2015371142.992.76$2,090
Aug 2015069340.162.87$1,991
Jul 2015060748.152.95$1,788
Jun 2015052956.152.88$1,525
May 2015453255.212.96$1,793
Apr 2015054149.822.71$1,464
Mar 2015097542.892.93$2,861
Feb 201551,08644.662.98$3,455
Jan 2015079343.433.10$2,459
Dec 201401,08654.693.59$3,900
Nov 201401,04770.464.25$4,452
Oct 201451,15778.303.90$4,905
Sep 201451,12786.164.05$4,990
Aug 201401,25889.394.04$5,076
Jul 201401,24896.564.18$5,216
Jun 201401,18998.164.74$5,632
May 201401,13494.734.73$5,360
Apr 201451,23895.944.81$6,433
Mar 201441,30795.895.06$6,993
Feb 201401,11397.406.19$6,892
Jan 201401,42290.404.86$6,912
Dec 201301,37891.824.35$6,000
Nov 2013081788.853.74$3,054
Oct 201301,04397.423.78$3,942
Sep 20130762104.113.72$2,833
Aug 20130874104.253.52$3,079
Jul 201301,232102.523.72$4,580
Jun 201301,17794.403.93$4,630
May 201301,44994.834.15$6,012
Apr 201301,49993.964.28$6,420
Mar 201301,55593.623.91$6,085
Feb 201301,48191.233.42$5,065
Jan 201301,63191.603.42$5,578
Dec 2012091086.773.42$3,112
Nov 201201,76986.953.62$6,413
Oct 201201,85189.383.40$6,293
Sep 201201,74794.672.92$5,098
Aug 201202,04392.662.91$5,941
Jul 201202,16185.133.02$6,528
Jun 201202,23379.822.52$5,625
May 201252,31891.612.49$6,226
Apr 201202,533101.652.00$5,058
Mar 201202,764105.052.22$6,142
Feb 201202,640101.102.57$6,785
Jan 201243,16698.092.73$9,048
Dec 201102,80696.873.24$9,091
Nov 201143,31895.723.31$11,370
Oct 201162,26284.983.65$8,763
Sep 201104,84983.623.99$19,327
Aug 201101,10783.404.15$4,593
Jul 20110094.144.52$0
Jun 201143,59592.904.64$17,052
May 20113098.134.40$294
Apr 2011060105.964.33$260
Mar 201162,65796.364.06$11,359
Feb 201163,14385.644.18$13,652
Jan 2011113,56286.504.59$17,297
Dec 201004,03185.734.35$17,526
Nov 201003,49880.843.80$13,276
Oct 201003,23378.103.51$11,344
Sep 201053,45572.633.98$14,112
Aug 201003,96173.684.42$17,505
Jul 201054,26372.554.74$20,554
Jun 201004,33270.364.91$21,272
May 201064,70271.124.24$20,341
Apr 201064,99981.694.12$21,099
Mar 201065,45178.394.39$24,393
Feb 201065,63673.585.44$31,115
Jan 201086,54474.365.96$39,624
Dec 2009127,83771.445.48$43,833
Nov 200957,29774.593.75$27,748
Oct 2009158,76272.544.11$37,102
Sep 2009109,47665.543.06$29,697
Aug 20091211,02267.423.22$36,283
Jul 20095714,78561.133.46$54,707
Jun 2009423,01666.163.90$89,912
May 200922,32554.743.93$9,237

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                  569 Mcf  × $  3.05 =     $1,733

────────────────────────────────────────────────────
Month total                                   $1,733

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/255121 is the state's own key, not one this site invented.