GAMBLE, WAYNE
GAMBLE, WAYNE is a Texas gas lease in Foard County, Railroad Commission district 09, operated by Mid-Continental Exploration,Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 122,403 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 $6K, with roughly $707 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 thousand cubic feet a month. Its strongest month on the record we hold was January 2019, at 314 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, WAYNE
- Who operates GAMBLE, WAYNE?
- GAMBLE, WAYNE is operated by Mid-Continental Exploration,Inc., Railroad Commission of Texas operator number 564736.
- Where is GAMBLE, WAYNE?
- GAMBLE, WAYNE is a Texas gas lease in Foard County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 127793.
- Is GAMBLE, WAYNE still producing?
- GAMBLE, WAYNE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GAMBLE, WAYNE is August 2026.
- How much has GAMBLE, WAYNE produced?
- GAMBLE, WAYNE has reported 122,403 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GAMBLE, WAYNE worth?
- The remaining production from GAMBLE, WAYNE is estimated to be worth about $6K in total as of 26 August 2026, within a range of $3K to $8K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GAMBLE, WAYNE is a fraction of it. The estimate fits an Arps decline curve to the production GAMBLE, WAYNE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GAMBLE, WAYNE is an estimate of value, not an offer and not an appraisal.
- How much income does GAMBLE, WAYNE generate in a year?
- GAMBLE, WAYNE is forecast to net about $707 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GAMBLE, WAYNE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mid-Continental Exploration,Inc. |
|---|---|
| Field | Thalia (Wichita Falls) |
| County | Foard County, Texas |
| RRC district | 09 |
| Lease number | 127793 |
| Wellbores | 1 |
| Reported production | 122,403 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $6K |
Where GAMBLE, WAYNE 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.