GAMBLE
GAMBLE is a Texas gas lease in Foard County, Railroad Commission district 09, operated by Palmer Petroleum Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 2005 to August 2026, totalling 41,900 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 $8K, with roughly $1K 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 29 thousand cubic feet a month. Its strongest month on the record we hold was January 2018, at 118 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 GAMBLE
- Who operates GAMBLE?
- GAMBLE is operated by Palmer Petroleum Inc., Railroad Commission of Texas operator number 636222.
- Where is GAMBLE?
- GAMBLE is a Texas gas lease in Foard County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 214641.
- Is GAMBLE still producing?
- GAMBLE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GAMBLE is August 2026.
- How much has GAMBLE produced?
- GAMBLE has reported 41,900 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2005 and August 2026, from 1 wellbore.
- How much is GAMBLE worth?
- The remaining production from GAMBLE is estimated to be worth about $8K in total as of 26 August 2026, within a range of $4K to $12K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GAMBLE is a fraction of it. The estimate fits an Arps decline curve to the production GAMBLE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GAMBLE is an estimate of value, not an offer and not an appraisal.
- How much income does GAMBLE generate in a year?
- GAMBLE is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GAMBLE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Palmer Petroleum Inc. |
|---|---|
| Field | Thalia (Wichita Falls) |
| County | Foard County, Texas |
| RRC district | 09 |
| Lease number | 214641 |
| Wellbores | 1 |
| Reported production | 41,900 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $8K |
Where GAMBLE 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.