SPINDLETOP OIL & GAS CO Overview
Industry: Oil & Gas E&P
Sector: Energy
Spindletop Oil & Gas Co., an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas in Alabama, Arkansas, Louisiana, Oklahoma, New Mexico, and Texas, the United States. The company holds approximately 76,785 gross acres under lease in 14 states. The company is also involved in the rental of oilfield equipment and commercial real estate leasing business. In addition, it owns various miles of pipelines located in Texas, which are used for gathering natural gas, as well as transporting natural gas produced by the company and third parties. The company sells crude oil and natural gas to oil and gas companies, brokers, pipelines, and distributors, as well as oil and natural gas properties, which are acquired and sold to oil and natural gas development entities. Spindletop Oil & Gas Co. was founded in 1985 and is headquartered in Dallas, Texas.
SPINDLETOP OIL & GAS CO is evaluated using Mavefund's quality framework: growing earnings, durable profit margins, conservative leverage, strong return on equity, and disciplined share repurchases.
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SPINDLETOP OIL & GAS CO operates in the Oil & Gas E&P industry within the Energy sector. Unlock the full page to compare peer rankings, valuation quality, profitability, leverage, and growth trends.
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