GAMBIT CHECK
GAMBIT CHECK is a Texas gas lease in Fayette County, Railroad Commission district 03, operated by Magnolia Oil & Gas Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2023 to August 2026, totalling 2,480,045 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 $980K, with roughly $546K 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 22,886 thousand cubic feet a month. Its strongest month on the record we hold was March 2023, at 199,087 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 GAMBIT CHECK
- Who operates GAMBIT CHECK?
- GAMBIT CHECK is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is GAMBIT CHECK?
- GAMBIT CHECK is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 296246.
- Is GAMBIT CHECK still producing?
- GAMBIT CHECK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GAMBIT CHECK is August 2026.
- How much has GAMBIT CHECK produced?
- GAMBIT CHECK has reported 2,480,045 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2023 and August 2026, from 1 wellbore.
- How much is GAMBIT CHECK worth?
- The remaining production from GAMBIT CHECK is estimated to be worth about $980K in total as of 27 August 2026, within a range of $803K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GAMBIT CHECK is a fraction of it. The estimate fits an Arps decline curve to the production GAMBIT CHECK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GAMBIT CHECK is an estimate of value, not an offer and not an appraisal.
- How much income does GAMBIT CHECK generate in a year?
- GAMBIT CHECK is forecast to net about $546K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GAMBIT CHECK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magnolia Oil & Gas Operating LLC |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 296246 |
| Wellbores | 1 |
| Reported production | 2,480,045 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $980K |
Where GAMBIT CHECK 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.