Overview
Spindletop
In 1901 the discovery of oil at Spindletop marked the beginning of the modern petroleum industry. Today, Spindletop Oil & Gas is keeping that tradition alive in its exploration for and production of oil and natural gas. The company has major operations throughout Texas, as well as interests in oil and gas properties in more than a dozen other states. Spindletop Oil & Gas has proved reserves of more than 323,000 barrels of oil and 12.5
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Read More billion cu. ft. of natural gas. The company also operates more than 26 miles of gas pipelines and an oilfield equipment rental business. It manages subsidiaries Prairie Pipeline and Spindletop Drilling. Chairman and president Chris Mazzini and his wife own 77% of the company.
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Read More billion cu. ft. of natural gas. The company also operates more than 26 miles of gas pipelines and an oilfield equipment rental business. It manages subsidiaries Prairie Pipeline and Spindletop Drilling. Chairman and president Chris Mazzini and his wife own 77% of the company.
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Chris G Mazzini
See more contacts
Oil and Gas Extraction
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Support Activities for Mining
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Commercial and Industrial Machinery and Equipment Rental and Leasing
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Offices of Real Estate Agents and Brokers
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Crude petroleum and natural gas
See All Industries , Natural gas production , Crude petroleum production , Oil and gas exploration services , Oil field equipment, rental or leasing Real estate agent, commercial
See Fewer Industries
See All Industries , Natural gas production , Crude petroleum production , Oil and gas exploration services , Oil field equipment, rental or leasing Real estate agent, commercial
See Fewer Industries
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Modelled
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Actual
$4.26 million
Actual
-16.65%
$27
DEC
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OTC:SPND
Contacts
Get in Touch with 2 Principals* and 8 Contacts
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Chris G MazziniChairman of the Board and President
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$4.26 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $0 | $1 | $2 |
| Net Investing Cash | -$1 | -$8 | $1 |
| Net Financing Cash | $ | -$0 | -$0 |
| Net Change in Cash | -$0 | -$7 | $3 |
| Cash at Beginning of Period | $7 | $14 | $11 |
| Cash at End of Period | $7 | $7 | $14 |
| Capital Expenditure | -$1 | -$1 | -$0 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $6 | $7 | $14 |
| Accounts Receivable | $2 | $2 | $2 |
| Inventories | $ | $ | $ |
| Other Current Assets | $0 | $0 | $1 |
| Asset Summary | |||
| Total Current Assets | $9 | $9 | $17 |
| Tangible Fixed Assets | $2 | $2 | $2 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $28 | $28 | $28 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $2 | $2 | $2 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $5 | $5 | $5 |
| Liability Summary | |||
| Total Current Liabilities | $7 | $7 | $7 |
| Long-Term Debt | $ | $ | $ |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $11 | $11 | $11 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | $17 | $18 | $18 |
| Equity Summary | |||
| Total Equity | $17 | $17 | $17 |
| Shares Outstanding | 6,739,943 | 6,739,943 | 6,750,318 |