GAMBLE, LOUISA
GAMBLE, LOUISA is a Texas oil lease in Limestone County, Railroad Commission district 05, operated by Brown Oil & Gas Co. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 39,765 barrels. 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 $15K, with roughly $3K 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 3 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was September 2017, at 96 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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, LOUISA
- Who operates GAMBLE, LOUISA?
- GAMBLE, LOUISA is operated by Brown Oil & Gas Co., Railroad Commission of Texas operator number 101390.
- Where is GAMBLE, LOUISA?
- GAMBLE, LOUISA is a Texas oil lease in Limestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 00935.
- Is GAMBLE, LOUISA still producing?
- GAMBLE, LOUISA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GAMBLE, LOUISA is August 2026.
- How much has GAMBLE, LOUISA produced?
- GAMBLE, LOUISA has reported 39,765 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is GAMBLE, LOUISA worth?
- The remaining production from GAMBLE, LOUISA is estimated to be worth about $15K in total as of 26 August 2026, within a range of $0 to $30K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GAMBLE, LOUISA is a fraction of it. The estimate fits an Arps decline curve to the production GAMBLE, LOUISA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GAMBLE, LOUISA is an estimate of value, not an offer and not an appraisal.
- How much income does GAMBLE, LOUISA generate in a year?
- GAMBLE, LOUISA is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GAMBLE, LOUISA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Brown Oil & Gas Co. |
|---|---|
| Field | Mexia |
| County | Limestone County, Texas |
| RRC district | 05 |
| Lease number | 00935 |
| Wellbores | 5 |
| Reported production | 39,765 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $15K |
Where GAMBLE, LOUISA 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.