GALVAN RANCH P12

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 259238District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$789 k
May 2010 – May 2026
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
193
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 Gas112012-11-19207730
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
CondensateDisposition391 bbl$30,280
GasProduction206,578 Mcf$759,190
Total$789,471

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 28.0417, -99.6486. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.04167, -99.64861 · 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
6,860 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 6,860 ft.

Completions filed
May 2010
1 of 1 wells

1 well

42-4794076046,860 ftMay 2010

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 (193)

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

193 months

May 2026046106.413.05$140
Apr 202606498.932.87$184
Mar 202606389.753.15$198
Feb 202605863.503.75$218
Jan 202606259.138.00$496
Dec 202506756.664.41$296
Nov 202507758.593.93$302
Oct 202509459.383.30$311
Sep 2025017562.743.08$538
Aug 2025010263.933.01$308
Jul 202509766.743.32$322
Jun 202509766.483.13$303
May 2025020260.553.23$653
Apr 2025011362.363.54$400
Mar 2025012067.704.27$512
Feb 2025013970.884.34$603
Jan 2025012174.324.28$518
Dec 2024013368.993.12$415
Nov 202409669.052.20$211
Oct 2024013471.372.28$306
Sep 2024012569.612.36$296
Aug 2024012975.632.06$266
Jul 2024013279.932.15$283
Jun 2024012678.082.63$332
May 2024011778.812.20$257
Apr 2024012684.451.66$209
Mar 2024013280.301.55$204
Feb 2024014876.091.78$264
Jan 2024012473.023.30$409
Dec 2023013171.262.61$342
Nov 2023012777.892.81$357
Oct 2023011085.443.09$340
Sep 2023011789.042.74$320
Aug 2023011780.522.67$313
Jul 2023011574.852.64$304
Jun 2023011268.962.26$253
May 2023013770.622.23$305
Apr 2023012478.122.24$277
Mar 2023013772.852.39$328
Feb 2023011575.112.47$284
Jan 2023011076.533.39$373
Dec 2022015976.415.73$911
Nov 2022015785.005.65$886
Oct 2022013487.185.86$786
Sep 2022013384.888.16$1,086
Aug 2022011394.529.13$1,031
Jul 20220148101.587.54$1,116
Jun 20220156115.097.98$1,244
May 20220145109.378.43$1,223
Apr 20220173104.226.84$1,183
Mar 20220180108.885.08$914
Feb 2022015591.054.86$753
Jan 2022019081.844.54$862
Dec 2021020471.323.90$795
Nov 2021021077.435.24$1,100
Oct 2021020379.795.71$1,160
Sep 202106469.865.35$342
Aug 202107366.024.22$308
Jul 202107770.783.98$307
Jun 202106769.493.38$227
May 202107563.483.02$226
Apr 202106960.362.76$190
Mar 202107061.302.72$190
Feb 202105457.805.55$300
Jan 202107550.412.81$211
Dec 202006444.642.68$171
Nov 202006838.772.71$184
Oct 2020018536.972.48$459
Sep 2020023237.091.99$462
Aug 2020024639.982.39$587
Jul 2020026738.371.83$487
Jun 2020027134.901.69$458
May 2020024616.921.81$446
Apr 2020027414.751.80$494
Mar 2020087530.341.86$1,624
Feb 2020082549.881.98$1,634
Jan 2020097157.252.09$2,034
Dec 2019085059.012.30$1,959
Nov 2019086055.302.75$2,366
Oct 2019090653.472.42$2,191
Sep 2019092055.052.66$2,445
Aug 2019087953.112.30$2,026
Jul 2019096056.272.46$2,362
Jun 2019085652.782.49$2,132
May 2019087358.482.74$2,392
Apr 2019091562.632.75$2,517
Mar 2019095256.803.06$2,915
Feb 2019089550.852.79$2,499
Jan 201901,02146.033.23$3,296
Dec 201801,05946.594.19$4,432
Nov 201801,05552.934.24$4,470
Oct 201801,03961.443.40$3,531
Sep 2018083359.543.11$2,589
Aug 201801,04959.403.07$3,217
Jul 2018097865.142.93$2,867
Jun 201801,04060.183.08$3,200
May 201801,15365.382.90$3,345
Apr 201801,09363.842.90$3,171
Mar 201801,20961.222.79$3,369
Feb 201801,13361.782.77$3,134
Jan 201801,06062.874.01$4,250
Dec 201701,15757.272.92$3,380
Nov 201731,24455.423.12$4,046
Oct 201731,25949.292.98$3,904
Sep 2017387447.523.09$2,841
Aug 201731,59345.373.00$4,922
Jul 201701,41343.873.09$4,362
Jun 201731,21942.493.09$3,891
May 201731,18145.373.26$3,990
Apr 2017359547.933.21$2,055
Mar 2017299646.772.98$3,065
Feb 2017374950.452.95$2,363
Jan 2017587749.413.42$3,245
Dec 201601,01448.763.72$3,775
Nov 2016267442.492.64$1,867
Oct 2016546446.193.09$1,665
Sep 2016252141.553.10$1,699
Aug 2016031941.442.92$933
Jul 2016226941.622.92$870
Jun 2016030645.352.69$822
May 2016036042.521.99$717
Apr 2016431336.561.99$769
Mar 2016027133.011.79$486
Feb 2016233226.472.06$738
Jan 2016227027.352.36$693
Dec 2015026832.362.00$536
Nov 2015031638.792.17$685
Oct 2015035243.552.43$854
Sep 2015062442.992.76$1,721
Aug 2015060740.162.87$1,744
Jul 2015050648.152.95$1,490
Jun 2015039956.152.88$1,150
May 2015337455.212.96$1,271
Apr 2015037749.822.71$1,020
Mar 2015021642.892.93$634
Feb 2015046944.662.98$1,396
Jan 2015048043.433.10$1,488
Dec 2014089054.693.59$3,196
Nov 2014050370.464.25$2,139
Oct 2014055578.303.90$2,165
Sep 2014067186.164.05$2,714
Aug 2014018789.394.04$755
Jul 2014018496.564.18$769
Jun 2014017798.164.74$838
May 2014361594.734.73$3,191
Apr 2014074195.944.81$3,564
Mar 2014365395.895.06$3,590
Feb 2014071797.406.19$4,440
Jan 2014386290.404.86$4,461
Dec 2013073591.824.35$3,201
Nov 2013049688.853.74$1,854
Oct 2013071897.423.78$2,714
Sep 20136875104.113.72$3,878
Aug 201301,101104.253.52$3,878
Jul 201301,062102.523.72$3,948
Jun 201301,01394.403.93$3,985
May 2013095194.834.15$3,946
Apr 2013099593.964.28$4,261
Mar 201301,24093.623.91$4,852
Feb 2013096091.233.42$3,283
Jan 201301,32091.603.42$4,514
Dec 201201,19286.773.42$4,077
Nov 201201,61186.953.62$5,840
Oct 201201,64689.383.40$5,596
Sep 201201,70294.672.92$4,967
Aug 201201,90992.662.91$5,552
Jul 201242,48585.133.02$7,847
Jun 2012056279.822.52$1,416
May 201272,37591.612.49$6,551
Apr 201202,609101.652.00$5,210
Mar 201262,584105.052.22$6,372
Feb 2012142,748101.102.57$8,478
Jan 201273,27098.092.73$9,627
Dec 2011133,34796.873.24$12,103
Nov 201174,21595.723.31$14,627
Oct 2011154,64584.983.65$18,222
Sep 2011115,45183.623.99$22,646
Aug 20116083.404.15$500
Jul 2011068394.144.52$3,085
Jun 20110092.904.64$0
May 201101,99698.134.40$8,792
Apr 201101,065105.964.33$4,615
Mar 2011143,39796.364.06$15,132
Feb 201173,70585.644.18$16,086
Jan 2011214,24886.504.59$21,310
Dec 2010144,91385.734.35$22,561
Nov 2010204,75880.843.80$19,675
Oct 2010298,15978.103.51$30,894
Sep 20103311,83472.633.98$49,490
Aug 20103113,11373.684.42$60,235
Jul 20101610,39772.554.74$50,406
Jun 20102911,10670.364.91$56,575
May 2010197,50771.124.24$33,145

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                   46 Mcf  × $  3.05 =       $140

────────────────────────────────────────────────────
Month total                                     $140

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/259238 is the state's own key, not one this site invented.