Overview
The long and sometimes difficult trek that Trek Resources is on has it exploring for and producing oil and natural gas primarily in Texas and Oklahoma, but also in New Mexico. The company's business strategy is to refurbish and improve the production potential of existing oil and gas producing properties and to develop non-producing and undeveloped reserves on other properties that it owns. Formerly a publicly traded company, Trek Resources was
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Read More taken private in a reverse stock split in May 2005; chairman and CEO Michael Montgomery owns a controlling stake in the company.
Read Less
Read More taken private in a reverse stock split in May 2005; chairman and CEO Michael Montgomery owns a controlling stake in the company.
Read Less
Michael E Montgomery
See more contacts
Support Activities for Mining
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Mining, Quarrying, and Oil and Gas Extraction
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Oil and gas exploration services
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Actual
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Actual
$9.78 million
Actual
9.95%
57.32%
$16
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OTC:TRKX
Contacts
Get in Touch with 5 Principals* and 20 Contacts
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Michael E MontgomeryPresident and Chairman of the Board
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Data
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Financial data as of February 09, 2025 (12 month period) in USD
Annual Revenue
$9.78 million
USD
Modelled
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2004 | 2003 | 2002 |
|---|---|---|---|
| Net Operating Cash | $4 | $2 | $0 |
| Net Investing Cash | -$2 | -$1 | -$1 |
| Net Financing Cash | -$1 | -$1 | $0 |
| Net Change in Cash | $0 | $1 | -$0 |
| Cash at Beginning of Period | $1 | $0 | $1 |
| Cash at End of Period | $1 | $1 | $0 |
| Capital Expenditure | -$2 | -$1 | -$1 |
| Assets (mil) | 2004 | 2003 | 2002 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $1 | $1 | $0 |
| Accounts Receivable | $1 | $1 | $1 |
| Inventories | $ | $ | $ |
| Other Current Assets | $0 | $0 | $0 |
| Asset Summary | |||
| Total Current Assets | $3 | $2 | $1 |
| Tangible Fixed Assets | $13 | $12 | $12 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $16 | $15 | $13 |
| Liabilities (mil) | 2004 | 2003 | 2002 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $1 | $1 | $1 |
| Short-Term Debt | $ | $ | $11 |
| Other Current Liabilities | $1 | $1 | $1 |
| Liability Summary | |||
| Total Current Liabilities | $2 | $1 | $12 |
| Long-Term Debt | $8 | $9 | $ |
| Other Long-Term Liabilities | $1 | $1 | $ |
| Total Liabilities | $11 | $11 | $12 |
| Stakeholder's Equity (mil) | 2004 | 2003 | 2002 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | -$3 | -$5 | -$7 |
| Equity Summary | |||
| Total Equity | $5 | $3 | $1 |
| Shares Outstanding | 35,364 | 35,364 | 35,367 |