- Business
- Gambit Energy, Inc. (GMEI) is an independent oil and natural gas company engaged in the exploration, development, and production of oil and natural gas properties located primarily in Texas. The company holds an oil and natural gas property comprising 4,261 acres of leasehold in the Eagle Ford Shale formation in Zavala County; it also owns and operates two oilfield drilling rigs on a contract basis, including an 8,000-foot depth capacity unit in Abilene and a 4,000-foot depth capacity unit in Crystal City. Founded in 1965 and headquartered at 100 Sandau Road, Suite 200, San Antonio, Texas, Gambit Energy focuses on acquisition, drilling, development, and sale of natural gas liquids and crude oil within the upstream energy sector. No major recent partnerships, acquisitions, funding rounds, or product launches have been publicly reported in the last 1-2 years, with operations remaining centered on its Texas assets and a workforce of approximately 17 employees. The company, formerly known as Gulfmark Energy, Inc., changed its name in October 2011 and trades on the OTC Markets under the ticker GMEI.