SPINDLETOP OIL & GAS CO

Spindletop Oil & Gas Co. is an independent oil and gas company focused on the exploration, development, production, and acquisition of oil and natural gas. Through its subsidiary, Spindletop Drilling Company (SDC), the company also rents oilfield equipment. Additionally, its subsidiary, Prairie Pipeline Co. (PPC), handles the gathering and marketing of natural gas. Spindletop's oil and gas operations are primarily located in Texas, but it also operates properties in Oklahoma, New Mexico, Louisiana, and Alabama. The company manages most of its projects through the drilling and production stages. Spindletop often partners with other industry players to share drilling costs. Through PPC, the company owns several miles of natural gas gathering pipelines in Texas, primarily in the Fort Worth Basin, which are used to transport its own natural gas. The company has a long history and extensive knowledge of the Fort Worth Basin of Texas, and its technical staff has significant experience in this and other geological basins where it operates.