Spindletop Oil and Gas Co
spindletopoil.comWhat Do They Do?
Produces and sells crude oil and natural gas to energy companies and intermediaries, gathers natural gas, and leases office space to commercial tenants.
10-K for FY2025, filed Apr 15, 2026Spindletop Oil & Gas Co. is an independent oil and gas company engaged in the exploration, development, production and acquisition of oil…View ↗
The Company is engaged in the exploration, development, acquisition and production of oil and natural gas, and the gathering and marketing…View ↗
The principal products marketed by the Company are crude oil and natural gas which are sold to major oil and gas companies, brokers…View ↗
The Company is also engaged in the gathering and marketing of natural gas through its subsidiary PPC, which owns several miles of pipeline…View ↗
The Company owns land and a two-story commercial office building in Dallas, Texas, which it uses as its principal headquarters office. The…View ↗
How Do They Make Money?
Sells oil and natural gas as production is taken and delivered to purchasers, charges a fee to gather natural gas, and leases office space to commercial tenants.
10-K for FY2025, filed Apr 15, 2026The Company follows the “sales” (takes or cash) method of accounting for oil and natural gas revenues. Under this method, the Company…View ↗
The Company is also engaged in the gathering and marketing of natural gas through its subsidiary PPC, which owns several miles of pipeline…View ↗
The Company owns land and a two-story commercial office building in Dallas, Texas, which it uses as its principal headquarters office. The…View ↗
$4.4M
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10-K for FY2025, filed Apr 15, 2026
$4.4M ↗
Who Are Their Customers?
Oil and gas companies and other buyers, including brokers, pipelines and distributors, buy its crude oil and natural gas under short-term contracts tied to market prices.
10-K for FY2025, filed Apr 15, 2026
10-K for FY2025, filed Apr 15, 2026
Purchaser / Operator 2025 2024 2023 Energy Transfer Crude 14 % 18 % 17 % Merit Energy Company 13 % 1 % — Enlink Gas Marketing, LTD. 12 % 9…View ↗
Do Revenues Turn Into Profits?
No. It lost $1.9M in FY2025.
10-K for FY2025, filed Apr 15, 2026
How Are They Changing?
Shrinking. Revenue fell 27% in 4 years, from $6.1M in FY2021 to $4.4M in FY2025, about 8% a year.
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