Spindletop Oil & Gas

What Spindletop Oil & Gas does

Spindletop Oil & Gas Co. is a Dallas, Texas-based, publicly traded (OTCQB: SPND) independent oil and gas company engaged in the exploration, development, and production of crude oil and natural gas in North America. Founded in 1985 and acquired by Chris Mazzini in December 1999, the company pursues a balanced growth strategy combining acquisitions of producing properties with exploration and development drilling, alongside an active program of purchasing royalty interests, override royalty interests, and mineral interests from interest owners across the United States. The company is controlled by parent company Giant Energy Corp., which was also founded by Mazzini.

Name

Spindletop Oil & Gas

Legal name

Spindletop Oil & Gas Co.

Website

https://spindletopoil.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Spindletop Oil & Gas Co. is a Dallas-based, publicly traded independent oil and gas exploration, development, and production company operating in North America, also purchasing royalty and mineral interests and serving approximately 10,000 mineral interest owners.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration & Production

NAICS

Oil and Gas Extraction (211), Crude Petroleum Extraction (211120), Natural Gas Extraction (21113)

SIC

Crude Petroleum & Natural Gas (1311), Mineral Royalty Traders (6795)

akta.pro primary industry

Mineral Rights, Leasing & Land Management (EUALAAAB)

akta.pro secondary industries

Unconventional Gas E&P (Shale/Tight Gas) (EUAAAAAC), Mineral & Subsurface Rights Brokerage (Oil, Gas, Mining) (BPAJADAI)

Keywords

• Oil and gas exploration
• Crude oil production
• Natural gas development
• Royalty interest purchasing
• Mineral interest acquisition

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain

Revenue model

1. Oil and Gas Production: Revenue from exploration, development and production of crude oil and natural gas in North America
2. Royalty and Mineral Interest Purchasing: Active purchasing of royalty interests, override royalty interests and mineral interests, providing cash offers to interest owners

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Spindletop Oil & Gas Co. explores, develops, and produces crude oil and natural gas in North America using a balanced strategy of property acquisitions and exploration/development drilling. The company also actively purchases royalty interests, override royalty interests, and mineral interests across operating areas, providing free evaluations and competitive cash offers to interest owners. An owner relations function manages approximately 10,000 mineral interest owners with payment, transfer, and billing services.

Product overview

Spindletop Oil & Gas Co. is a traditional oil and gas company operating in North America with three interconnected offerings: (1) Exploration and Production services focused on crude oil and natural gas, (2) Royalty Purchasing for acquiring royalty interests and mineral interests, and (3) Owner Relations managing a portfolio of approximately 10,000 mineral interest owners. The company balances acquisitions with exploration and development drilling as its core business strategy.

Differentiator

Problem solved

Functional benefit

Products and services

• Exploration and Production Exploration, development, and production of crude oil and natural gas in North America, executed through a balanced strategy of acquisitions and exploration/development drilling, including activity in the Barnett Shale play of North Texas.
• Royalty Purchasing Active purchase of royalty interests, override royalty interests, and mineral interests across all operating areas, with free no-obligation evaluations and competitive cash offers made to interest owners.
• Owner Relations Administrative services for approximately 10,000 mineral interest owners, including change of address, transfer of interest ownership, revenue payments, production questions, and joint interest billing support.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Expansion highlights3 records

Direct peers

• Viper Energy, Inc. Viper Energy acquires mineral and royalty interests in the Permian Basin through partnership with Diamondback Energy. It is comparable to Spindletop's royalty purchasing business because both operate acquisition-focused models of acquiring non-operated mineral and royalty interests.
• Texas Pacific Land Corporation: Texas Pacific Land Corporation owns significant land and royalty interests across Texas, including in the Permian Basin. It is directly comparable to Spindletop because both generate royalty and mineral interest revenue from Texas-based oil and gas properties with similar geographic concentration.
• Comstock Resources, Inc. Comstock Resources is a natural gas-focused E&P company operating primarily in the Haynesville Shale. It is comparable to Spindletop as a similarly small, gas-weighted E&P with a single dominant basin and similar scale of operations and public company profile.
• Black Stone Minerals, L.P. Black Stone Minerals is one of the largest U.S. mineral and royalty owners, with assets spanning multiple basins. It is a direct peer to Spindletop in the mineral and royalty acquisition business model, with similar oil and gas revenue streams derived from non-operated interests.
• Dorchester Minerals, L.P. Dorchester Minerals owns royalty and working interests in properties across multiple U.S. states. It is comparable to Spindletop because both generate revenue from a diversified portfolio of mineral and royalty interests, with similar small-scale governance and acquisition-driven growth.
• Kimbell Royalty Partners: Kimbell Royalty Partners acquires and manages mineral and royalty interests across multiple U.S. basins. It is comparable to Spindletop's royalty purchasing program because both operate as acquirers of non-operated mineral and royalty interests, with overlapping customer bases of interest owners.
• Sitio Royalties Corp. Sitio Royalties is a pure-play mineral and royalty company focused on U.S. shale basins. It is comparable to Spindletop because both derive the majority of revenue from non-operated mineral and royalty interests and pursue active acquisitions of additional interests.

Broad incumbents

• SM Energy Company: SM Energy is an independent E&P operating in the Permian and South Texas basins. It is comparable to Spindletop as a U.S. upstream operator with a diversified multi-basin strategy, though at a larger scale and with a more developed acquisition track record.
• Range Resources Corporation: Range Resources is a mid-cap independent E&P with a primary focus on natural gas and NGL production in the Appalachian Basin. It is comparable to Spindletop as a U.S. natural gas E&P, though it operates at significantly larger scale and in a different core basin.
• EQT Corporation: EQT is the largest U.S. natural gas producer, focused on the Appalachian Basin. It is comparable to Spindletop in product mix (gas-weighted E&P), but operates at materially larger scale and with stronger capital markets access.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Spindletop Oil & Gas