Skye Petroleum, Inc.
SKPO
Other OTC0.00
USD
- -
- -
ISIN
US83084C1080
CUSIP
83084C108
Return %
Stock
S&P500
1Y
-11.43
18.99
3Y
8.77
64.75
5Y
-71.30
71.84
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Gary Merritt
- Full Time Employees
- 4
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Address
- 13515 Southwest Freeway Sugar Land TX United States of America 77478
- IPO Date
- Sep 25, 2012
- Website
- skyepetroleum.com
- Similar Companies
- Business
- Skye Petroleum, Inc. (SKPO) provides production chemical treatment services to oil and gas operators in the United States, specializing in solutions for flow assurance issues related to paraffin, asphaltene and sludge buildup in oil wells, flow lines, tanks, tubing, tank bottoms and subsurface equipment; its core products include solvents, dispersants and wax inhibitors under the Skye Chem Wax Dispersant brand, cleaning compounds such as degreasers, coiled tubing chemicals comprising lubricants, scale control inhibitors, viscosifiers, iron control agents, oxygen scavengers, H2S control scavengers and corrosion inhibitors, foamers, as well as surfactants, iron control additives, gel stabilizers, friction reducers, breakers, biocides, cross-linkers and buffers for fracturing operations, drilling and completion fluids. The company distributes these specialty chemicals directly to operators and through channels in Pennsylvania, Texas and Alabama, with its leading Skye Chem Wax Dispersant formulation—a blend of solvents, penetrants, non-emulsifying surfactants, pour point depressants and dispersants—designed to penetrate paraffin matrices, disrupt wax cohesion and prevent re-precipitation to maximize production and minimize downtime. Founded in 1987 as National Equities Holdings, Inc. and renamed Skye Petroleum in April 2010, the company is headquartered at 4771 Sweetwater Blvd., PMB #213, Sugar Land, Texas 77479, and operates remotely without owned facilities after closing its Sugar Land sales office. In recent developments, Skye Petroleum reported chemical sales of $74,770 for the year ended December 31, 2024, marking a 54% increase from $48,405 in 2023 and reflecting gradual recovery from oil price downturns since 2014 and pandemic impacts, with cash reserves rising to $53,114 and no debt or share issuances. The company owns proprietary chemistries acquired historically, including a 2014 patented technology for volatile phosphate removal from fracturing fluids and asphaltene treatments, while maintaining a lean structure with no payroll since 2017, four full-time employees and ongoing efforts to expand its distributor network without exclusive territories. No acquisitions, partnerships, funding rounds or major reorganizations have occurred in the past 1-2 years, with shares outstanding stable at 249,959,400 and a focus on aggressive pricing to capture market share in upstream to downstream oilfield applications.