GALVAN STATE GU3
GALVAN STATE GU3 is a Texas gas lease in Webb County, Railroad Commission district 01, operated by SM Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2014 to August 2026, totalling 3,444,356 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $1.7M, with roughly $279K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 8,991 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 54,159 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about GALVAN STATE GU3
- Who operates GALVAN STATE GU3?
- GALVAN STATE GU3 is operated by SM Energy Company, Railroad Commission of Texas operator number 788997.
- Where is GALVAN STATE GU3?
- GALVAN STATE GU3 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 276709.
- Is GALVAN STATE GU3 still producing?
- GALVAN STATE GU3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GALVAN STATE GU3 is August 2026.
- How much has GALVAN STATE GU3 produced?
- GALVAN STATE GU3 has reported 3,444,356 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2014 and August 2026, from 1 wellbore.
- How much is GALVAN STATE GU3 worth?
- The remaining production from GALVAN STATE GU3 is estimated to be worth about $1.7M in total as of 26 August 2026, within a range of $1.4M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GALVAN STATE GU3 is a fraction of it. The estimate fits an Arps decline curve to the production GALVAN STATE GU3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GALVAN STATE GU3 is an estimate of value, not an offer and not an appraisal.
- How much income does GALVAN STATE GU3 generate in a year?
- GALVAN STATE GU3 is forecast to net about $279K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GALVAN STATE GU3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | SM Energy Company |
|---|---|
| Field | Briscoe Ranch (Eagleford) |
| County | Webb County, Texas |
| RRC district | 01 |
| Lease number | 276709 |
| Wellbores | 1 |
| Reported production | 3,444,356 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where GALVAN STATE GU3 sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.