Spindletop Oil & Gas Co. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis

November 2024 | 50 pages | ID: SD659450B70BEN
BAC Reports

Abstracts

Spindletop Oil & Gas Co. Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between Spindletop Oil & Gas Co. and its competitors. This provides our Clients with a clear understanding of Spindletop Oil & Gas Co. position in the Energy Industry.

• The report contains detailed information about Spindletop Oil & Gas Co. that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
• Another part of the report is a SWOT-analysis carried out for Spindletop Oil & Gas Co.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
• The Spindletop Oil & Gas Co. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
• In the part that describes Spindletop Oil & Gas Co. competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
• Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of Spindletop Oil & Gas Co. business.

About Spindletop Oil & Gas Co.

Spindletop Oil & Gas Co., an independent oil and gas company, engages in the exploration, development, production, and acquisition of oil and natural gas; and the rental of oilfield equipment.

The company also engages in the gathering and marketing of natural gas. It engages in commercial real estate leasing through the acquisition and partial occupancy of its corporate headquarters office building.

In addition, the company, through its wholly owned subsidiary, Prairie Pipeline Co. (PPC), owns approximately 26.1 miles of pipelines located in Texas, which are used for the gathering of natural gas. These gathering lines are located in the Fort Worth Basin and are being utilized to transport the company's natural gas, as well as natural gas produced by third parties.

Products

The principal products marketed by the company are crude oil and natural gas, which are sold to major oil and gas companies, brokers, pipelines and distributors, and oil and gas properties, which are acquired and sold to oil and gas development entities.

The company owns land and a two story commercial office building in Dallas, Texas, which it uses as its principal headquarters office. The company leases the remainder of the building to non-related third party commercial tenants.

The company also engages in commercial real estate leasing through the acquisition and partial occupancy of its corporate headquarters office building. It occupies approximately 10,317 rentable square feet of the building as its primary office headquarters, and leases the remaining space in the building to non-related third party commercial tenants.

Project Significant Areas

The company owns various interests in wells located in 15 states. Its operations are located in six states, including Texas, Oklahoma, New Mexico, Louisiana, Alabama, and Arkansas. It operates a majority of its projects through the drilling and production phases. The company holds approximately 86,448 gross acres under lease in 15 states. The majority of the leases are held by production.

Joint Drilling Development of North Texas Barnett Shale Leasehold

The company, along with Giant Energy Corp., has a Farmout and Exploration Agreement with Williams Production-Gulf Coast Company, L.P.

During 2009, the Olex U.S. #8 well, located on the company’s Krum SW Block in Denton Co., Texas was completed in the Barnett Shale Formation. The company owns a 52.5% working interest in this well. The company owns 91% interest in the Poston #1 well.

North Texas: In 2009, the company’s wholly owned subsidiary, Spindletop Drilling Company (SDC) acquired a 100.0% working interest and an 80.0% net revenue interest in the Caveness #1 well located in the Meeker (Conglomerate 4800) field in Palo Pinto County, Texas.

SOG acquired a 1.58% royalty interest in a well, the Austin C#1 located in Cooke County, Texas. The well produces oil from the Walnut Bend (Bruhlmeyer) field.

East Texas: During 2009, SOG elected to participate for a 45% working interest in a 9,700 feet development Travis Peak well in Nacogdoches County, Texas.

West Texas: In 2009, SDC also acquired a 100.0% working interest and a 81.25% net revenue interest in the M.S. Jones #1-12 and #3-12 wells. These wells are located in the Block A-7 (Devonian) field in Gaines County, Texas.

The Miles #6 well was drilled to a depth of 4,830 feet. The company owns a 4.6875% working interest, a 3.28125% net revenue interest and a 1.40625% royalty interest in this well.

The Miles #8 well was spud on October 24, 2009 and drilled to a total depth of 4,880 feet. The company owns a 4.6875% working interest.

The Miles #9 well drilled to a depth of 4,830 feet. The company owns a 4.6875% working interest.

The Miles #10 drilled to a depth of 4,851 feet. The company owns a 4.6875% working interest.

The Miles #11 well drilled to a depth of 4,825 feet. The company owns a 4.6875% working interest.

The Miles #12 was drilled to a depth of 4,803 feet. The company owns a 4.6875% working interest.

In 2009, SDC acquired a .067% royalty interest in a well, the Scarborough Estate G2, in Winkler County, Texas.

Alabama: In 2009, SOG acquired a 10.1010% Working Interest and 7.5757% Royalty Interest in an oil well, the Jackson 27-6-1, producing from the Smackover Formation at an approximate depth of 11,400 ft. The well is located in the East Cedar Creek Field in Conecuh County, AL.

New Mexico: SOG participated in the drilling of a well in Eddy County, New Mexico. The Firefox Federal Comm #1 well drilled to a total depth of 12,350 feet in the Morrow formation. The company owns a 0.46724% working interest.

Oilfield Production Equipment

The company owns various natural gas compressors, pumping units, dehydrators, and other pieces of oil field production equipment.

Customers

During 2009, the company’s customers included Enbridge Energy Partners; Crosstex Energy Services, LP; Eastex Crude Company; Shell Trading (U.S.) Company; Teppco Crude Oil, LP; Targa Midstream Service, LIM; Navajo Refining Co.; Genesis; Devon Gas Services, L.P.; ETC Texas Pipeline; and Plains Marketing, L.P.

Reserves

As of December 31, 2009, the crude oil and gas reserves were 322,880 barrels of oil and condensate and 12.521 BCFG (billion cubic feet) of natural gas.

History

Spindletop Oil & Gas Co. was founded in 1985.

The above Company Fundamental Report is a half-ready report and contents are subject to change.
It means that we have all necessary data in our database to prepare the report but need 2-3 days to complete it. During this time we are also updating the report with respect to the current moment. So, you can get all the most recent data available for the same price. Please note that preparation of additional types of analyses requires extra time.

Contents

RESEARCH METHODOLOGY

DISCLAIMER

1. SPINDLETOP OIL & GAS CO. COMPANY PROFILE

1.1. Key facts
1.2. Financial Performance
1.3. Key Executives
1.4. Ownership and Major Holders
1.5. Company History

2. SPINDLETOP OIL & GAS CO. BUSINESS OVERVIEW

2.1. Business Description
2.2. Major Products and Services
2.3. Markets and Sales Activities
2.4. Locations, Subsidiaries, Operating Units

3. SPINDLETOP OIL & GAS CO. SWOT ANALYSIS

3.1. Overview
3.2. Strengths
3.3. Weaknesses
3.4. Opportunities
3.5. Threats

4. SPINDLETOP OIL & GAS CO. FINANCIAL ANALYSIS

4.1. Financial Statements
4.1.1. Income Statement
4.1.2. Balance Sheet
4.1.3. Cash Flow
4.2. Financial Ratios
4.2.1. Profitability
4.2.2. Margin Analysis
4.2.3. Asset Turnover
4.2.4. Credit Ratios
4.2.5. Long-Term Solvency
4.2.6. Growth Over Prior Year
4.2.7. Financial Ratios Charts
4.3. Stock Market Snapshot

5. SPINDLETOP OIL & GAS CO. COMPETITORS AND INDUSTRY ANALYSIS

5.1. Spindletop Oil & Gas Co. Direct Competitors
5.2. Comparison of Spindletop Oil & Gas Co. and Direct Competitors Financial Ratios
5.3. Comparison of Spindletop Oil & Gas Co. and Direct Competitors Stock Charts
5.4. Spindletop Oil & Gas Co. Industry Analysis
5.4.1. Energy Industry Snapshot
  5.4.2. Spindletop Oil & Gas Co. Industry Position Analysis

6. SPINDLETOP OIL & GAS CO. NEWS & EVENTS

6.1. News & PR Activity Analysis
6.2. IR Corporate News
6.3. Marketing News
6.4. Corporate Events

7. SPINDLETOP OIL & GAS CO. EXPERTS REVIEW¹

7.1. Experts Consensus
7.2. Experts Revisions

8. SPINDLETOP OIL & GAS CO. ENHANCED SWOT ANALYSIS²

9. UNITED STATES PESTEL ANALYSIS²

9.1. Political Factors
9.2. Economic Factors
9.3. Social Factors
9.4. Technological Factors
9.5. Environmental Factors
9.6. Legal Factors

10. SPINDLETOP OIL & GAS CO. IFE, EFE, IE MATRICES²

10.1. Internal Factor Evaluation Matrix
10.2. External Factor Evaluation Matrix
10.3. Internal External Matrix

11. SPINDLETOP OIL & GAS CO. PORTER FIVE FORCES ANALYSIS²

12. SPINDLETOP OIL & GAS CO. VRIO ANALYSIS²

APPENDIX: RATIO DEFINITIONS

LIST OF FIGURES

Spindletop Oil & Gas Co. Annual Revenues in Comparison with Cost of Goods Sold and Gross Profit
Profit Margin Chart
Operating Margin Chart
Return on Equity (ROE) Chart
Return on Assets (ROA) Chart
Debt to Equity Chart
Current Ratio Chart
Spindletop Oil & Gas Co. 1-year Stock Charts
Spindletop Oil & Gas Co. 5-year Stock Charts
Spindletop Oil & Gas Co. vs. Main Indexes 1-year Stock Chart
Spindletop Oil & Gas Co. vs. Direct Competitors 1-year Stock Charts
Spindletop Oil & Gas Co. Article Density Chart

1 – Data availability depends on company’s security policy.
2 – These sections are available only when you purchase a report with appropriate additional types of analyses.
The complete financial data is available for publicly traded companies.

List Of Tables

LIST OF TABLES

Spindletop Oil & Gas Co. Key Facts
Profitability
Management Effectiveness
Income Statement Key Figures
Balance Sheet Key Figures
Cash Flow Statement Key Figures
Financial Performance Abbreviation Guide
Spindletop Oil & Gas Co. Key Executives
Spindletop Oil & Gas Co. Major Shareholders
Spindletop Oil & Gas Co. History
Spindletop Oil & Gas Co. Products
Revenues by Segment
Revenues by Region
Spindletop Oil & Gas Co. Offices and Representations
Spindletop Oil & Gas Co. SWOT Analysis
Yearly Income Statement Including Trends
Income Statement Latest 4 Quarters Including Trends
Yearly Balance Sheet Including Trends
Balance Sheet Latest 4 Quarters Including Trends
Yearly Cash Flow Including Trends
Cash Flow Latest 4 Quarters Including Trends
Spindletop Oil & Gas Co. Profitability Ratios
Margin Analysis Ratios
Asset Turnover Ratios
Credit Ratios
Long-Term Solvency Ratios
Financial Ratios Growth Over Prior Year
Spindletop Oil & Gas Co. Capital Market Snapshot
Spindletop Oil & Gas Co. Direct Competitors Key Facts
Direct Competitors Profitability Ratios
Direct Competitors Margin Analysis Ratios
Direct Competitors Asset Turnover Ratios
Direct Competitors Credit Ratios
Direct Competitors Long-Term Solvency Ratios
Energy Industry Statistics
Spindletop Oil & Gas Co. Industry Position
Company vs. Industry Income Statement Analysis
Company vs. Industry Balance Sheet Analysis
Company vs. Industry Cash Flow Analysis
Company vs. Industry Ratios Comparison
Spindletop Oil & Gas Co. Consensus Recommendations¹
Analyst Recommendation Summary¹
Price Target Summary¹
Experts Recommendation Trends¹
Revenue Estimates Analysis¹
Earnings Estimates Analysis¹
Historical Surprises¹
Revenue Estimates Trend¹
Earnings Estimates Trend¹
Revenue Revisions¹

ANALYSIS FEATURES

SWOT Analysis

SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that identifies the internal and external factors that are favorable and unfavorable for a company.

Enhanced SWOT Analysis

Enhanced SWOT is a 3×3 grid that arranges strengths, weaknesses, opportunities and threats into one scheme:

• How to use the strengths to take advantage of the opportunities?
• How to use the strengths to reduce likelihood and impact of the threats?
• How to overcome the weaknesses that obstruct taking advantage of the opportunities?
• How to overcome the weaknesses that can make the threats a reality?

Upon answering these questions a company can develop a project plan to improve its business performance.

PESTEL Analysis

PESTEL (also termed as PESTLE) is an ideal tool to strategically analyze what influence different outside factors – political, economic, sociocultural, technological, environmental and legal – exert on a business to later chart its long term targets.

Being part of the external analysis when carrying out a strategic assessment or performing a market study, PESTEL gives an overview of diverse macro-environmental factors that any company should thoughtfully consider. By perceiving these outside environments, businesses can maximally benefit from the opportunities while minimizing the threats to the organization.

Key Factors Examined by PESTEL Analysis:

• Political – What opportunities and pressures are brought by political bodies and what is the degree of public regulations’ impact on the business?
• Economic – What economic policies, trends and structures are expected to affect the organization, what is this influence’s degree?
• Sociological – What cultural and societal aspects will work upon the demand for the business’s products and operations?
• Technological – What impact do the technological aspects, innovations, incentives and barriers have on the organization?
• Environmental – What environmental and ecological facets, both locally and farther afield, are likely to predetermine the business?
• Legal – What laws and legislation will exert influence on the style the business is carried out?

IFE, EFE, IE Matrices

The Internal Factor Evaluation matrix (IFE matrix) is a strategic management tool helping audit or evaluate major weaknesses and strengths in a business’s functional areas. In addition, IFE matrix serves as a basis for identifying and assessing relationships amongst those areas. The IFE matrix is utilised in strategy formulation.

The External Factor Evaluation matrix (EFE matrix) is a tool of strategic management that is typically utilised to assess current market conditions. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.

The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors – those exposed to social, political, economic, legal, etc. external forces.

Being a continuation of the EFE matrix and IFE matrix models, the Internal External matrix (IE matrix) rests upon an investigation of external and internal business factors integrated into one suggestive model.

Porter Five Forces Analysis

The Porter’s five forces analysis studies the industry of operation and helps the company find new sources of competitive advantage. The analysis surveys an industry through five major questions:

1. What composes a threat of substitute products and services?
2. Is there a threat of new competitors entering the market?
3. What is the intensity of competitive rivalry?
4. How big is the bargaining power of buyers?
5. How significant is the bargaining power of suppliers?

VRIO Analysis

VRIO stands for Value, Rarity, Imitability, Organization. This analysis helps to evaluate all company’s resources and capabilities and bring them together into one aggregate table that includes:

• Tangible resources
  • Financial
  • Physical
  • Technological
  • Organizational
• Intangible resources
  • Human
  • Innovation and Creativity
  • Reputation
• Organizational capabilities

The result of the analysis gives a clear picture of company’s competitive and economic implications, answering the questions if the resources mentioned above are:

• Valuable?
• Rare?
• Costly to imitate?
• Organized properly?