Overview
Frontier Oilfield Services (formerly TBX Resources) has switched from exploring for and producing natural gas to providing oilfield services to other companies that do. Frontier Oilfield Services now focuses on saltwater and drilling fluid disposal services for oil and gas producers and operators in East Texas. The company is targeting the Haynesville share area, where it believes as many as 35,000 additional wells will be drilled by 2023. Frontier
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Read More currently manages the operations of Trinity Disposal and Trucking, which owns saltwater disposal wells and a fleet of trucks and trailers, and is seeking to buy the service. The company was formed in 2010.
Read Less
Read More currently manages the operations of Trinity Disposal and Trucking, which owns saltwater disposal wells and a fleet of trucks and trailers, and is seeking to buy the service. The company was formed in 2010.
Read Less
Flaviu Forgaciu
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Actual
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Actual
$7.56 million
Actual
122.2%
$4
DEC
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OTC:CIPI
Contacts
Get in Touch with 3 Principals* and 13 Contacts
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Flaviu ForgaciuChief Executive Officer
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Contact 2?
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Contact 3?
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Financial Statements
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2023
$7.56 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Operating Cash | -$2 | -$3 | -$0 |
| Net Investing Cash | -$1 | -$0 | $0 |
| Net Financing Cash | $4 | $3 | $ |
| Net Change in Cash | $1 | -$0 | $0 |
| Cash at Beginning of Period | $0 | $0 | $0 |
| Cash at End of Period | $1 | $0 | $0 |
| Capital Expenditure | -$1 | -$0 | $ |
| Assets (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $1 | $0 | $0 |
| Accounts Receivable | $0 | $ | $0 |
| Inventories | $ | $ | $ |
| Other Current Assets | $1 | $1 | -$0 |
| Asset Summary | |||
| Total Current Assets | $3 | $1 | $0 |
| Tangible Fixed Assets | $0 | $0 | $ |
| Intangible Assets | $1 | $0 | $0 |
| Total Assets | $5 | $2 | $1 |
| Liabilities (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $1 | $1 | $1 |
| Short-Term Debt | $3 | $2 | $0 |
| Other Current Liabilities | $3 | $2 | $0 |
| Liability Summary | |||
| Total Current Liabilities | $7 | $5 | $1 |
| Long-Term Debt | $1 | $0 | $0 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $8 | $5 | $1 |
| Stakeholder's Equity (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | -$21 | -$8 | -$1 |
| Equity Summary | |||
| Total Equity | -$3 | -$3 | $0 |
| Shares Outstanding | 36,270,674 | 35,323,626 | 34,639,920 |