course in Texas. The somewhat ungainly hot-stamped design represents oak leaves. Not sure of the golden dots, maybe "holes" on the golf course? I have one such chip, can't remember if it's red like yours or green. My guess would be, they had a "private club" for their members - only legal way to play some cards in Texas. I don't know why Texans are so dead-set against poker, pardner!

https://www.clubcorp.com/Clubs/Fair-Oaks-Ranch-Golf-Country-Club/Amenities/Golf