SPNDOTCCrude Petroleum & Natural GasUS GAAP · USD

Spindletop Oil & Gas Co

Spindletop Oil & Gas Co is a U.S.-based independent oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas. Its business also includes lease operations tied to operated properties and field supervision activities.

Kysy yhtiöstä
Liikevaihto4,4milj. USD
+4,4 %v/v
Liikevoitto (EBIT)−3,3milj. USD
−84,8 %v/v
EBIT-marginaali−73,9%
−32,1 %-yks.v/v
Nettotulos−1,9milj. USD
−199,2 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−5,0−2,50,02,55,07,510,0milj. USD2020: 4,2 milj. USD2020: EBIT −1,9 milj. USD20202021: 6,1 milj. USD2021: EBIT 0,40 milj. USD20212022: 8,4 milj. USD2022: EBIT −0,04 milj. USD20222023: 5,1 milj. USD2023: EBIT −0,99 milj. USD20232024: 4,3 milj. USD2024: EBIT −1,8 milj. USD20242025: 4,4 milj. USD2025: EBIT −3,3 milj. USD20254,4−3,3
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Spindletop Oil & Gas Co

Liiketoiminta

Osuus liikevaihdosta
Oil sales49 %

Production and sale of crude oil from operated and non-operated properties.

Natural gas sales50 %

Production and sale of natural gas from producing wells and related acreage.

Lease operations1 %

Field supervision and operator overhead charged to operated leases.

Asiakkaat

The company sells produced hydrocarbons into commodity markets rather than to a narrow set of end customers, so revenue is driven by prevailing oil and gas prices and production volumes. Its lease operations revenue comes from charges associated with operated leases, which are tied to properties it manages. Demand is therefore shaped by energy market conditions, drilling activity, and the availability of transportation and processing infrastructure.

Crude oil buyers

Refiners, marketers, or aggregators purchasing produced crude oil at market-linked prices.

Natural gas buyers

Pipeline, utility, or marketing counterparties buying produced natural gas volumes.

Lease operation counterparties

Parties charged field supervision and operator overhead on operated leases.

Strategia

The company’s operating model is centered on funding capital spending from cash flow generated by oil and natural gas operations. It also seeks to maintain exploration and development activity while monitoring whether internal cash generation is sufficient to support that program. Because production volumes and realized commodity prices can vary materially, access to outside financing remains an important strategic backstop.

Self-fund capital spending from operationsLyhyt aikaväli

Reduces dependence on external capital and supports ongoing field activity.

Sustain exploration and development programsKeskipitkä aikaväli

Future reserve replacement and production depend on continued drilling and development.

Maintain financing flexibilityKeskipitkä aikaväli

Commodity volatility can leave internal cash flow below capital requirements.

Maantiede

Spindletop Oil & Gas Co is a United States company, and the available disclosures do not provide a country-level revenue split. Its operating exposure is primarily tied to domestic oil and gas markets, including U.S. drilling activity, transportation capacity, and federal and state regulation. Because commodity pricing is set in broader markets, the company’s results are also indirectly exposed to international supply-demand conditions and OPEC-related production decisions.

Riskit

The company is exposed to commodity-price volatility, since oil and natural gas prices directly affect revenue, cash flow, and the ability to fund drilling and development. It also faces regulatory, environmental, and infrastructure risks typical of upstream producers, along with financing and market-access risk given its limited public market status. Because production is tied to reserve estimates and depletion accounting, changes in reserve assumptions can also affect reported results.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Capital access and liquidity constraints1Commodity price volatility2Market liquidity and trading risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Capital access and liquidity constraintsVaikutus: KorkeaTodennäköisyys: Korkea

    The company may need external financing if operating cash flow does not cover capital spending.

    Kohdistuu: Exploration and development funding

  2. Commodity price volatilityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Revenue depends on realized oil and natural gas prices, which can move sharply with supply-demand conditions.

    Kohdistuu: Oil and natural gas sales

  3. Reserve and production uncertaintyVaikutus: Korkea

    Reserve revisions and production declines affect depletion, future output, and asset carrying values.

    Kohdistuu: Proved oil and gas reserves

  4. Market liquidity and trading riskVaikutus: KeskitasoTodennäköisyys: Korkea

    The stock’s limited market status can reduce trading liquidity and increase volatility.

    Kohdistuu: Common stock trading

  5. Regulatory and environmental complianceVaikutus: Keskitaso

    Upstream operations are subject to environmental, tax, hedging, and energy-related regulation.

    KohdistuuDrillingProductionLease operations
Kysy Clarifolta: Spindletop Oil & Gas Co

Kirjanpito

Harkinnanvaraiset erät
Proved reserve estimates

Reserve revisions change depletion rates and can affect the carrying value of oil and gas properties.

Vaikutus: Reported depreciation, depletion, and amortization

Full-cost pool depletion

The company applies depletion to capitalized oil and gas properties based on reserve quantities and production.

Vaikutus: DD&A expense and asset carrying values

Asset retirement obligations

Estimated future well plugging and abandonment costs require judgment and discounting.

Vaikutus: ARO expense and liability balance

Commodity-driven quarterly volatility

Oil and gas prices and volumes vary by period, affecting revenue and margin comparability.

Vaikutus: Quarterly earnings trend analysis

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Päivitetty: 24.9.2026