- Business
- Spindletop Oil & Gas Co. (SPND) is an independent oil and gas company engaged in the acquisition, exploration, development, production, and operations of oil and natural gas properties; the transportation and compression of natural gas; the rental of oilfield equipment; the gathering and marketing of natural gas; and commercial real estate investing and leasing. The company markets crude oil and natural gas to major oil and gas companies, brokers, pipelines, and distributors, while also acquiring and selling oil and natural gas properties to development entities; it owns pipelines in Texas for natural gas gathering and transportation. Spindletop Oil & Gas operates primarily in Alabama, Louisiana, Oklahoma, New Mexico, and Texas, targeting upstream energy production and related services. Founded in 1990 and headquartered in Dallas, Texas, the company recently acquired additional working interests in eight wells in the Blocker Gas Field of Harrison County on November 1, 2024, expanding its production assets.