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Close of 30 Oct 2026, in USD
About Westar Oil & Gas
Its shares trade under the ticker TEXG. It has been listed since 2 June 2005.
Terax Energy, Inc. operates as a capital pool company, which engages in the exploration of oil and gas. The company is headquartered in Dallas, Texas. The company went IPO on 2005-06-02. The Company’s principal properties consist of two blocks of oil and gas leases: one covering approximately 11,300 gross acres in the aggregate in close proximity to each other in Erath County, Texas, and one covering a block of approximately 16,200 gross acres in the aggregate in close proximity located in Comanche County, Texas, both of which permit the Company to drill and develop the Barnett Shale formation underlying the lease acreage. The Company’s operations are focused on the identification and evaluation of prospective oil and gas properties and the contribution of capital to projects. On April 3, 2006, the Company entered into a Gas Purchase Agreement with Louis Dreyfus Gas Development L.P. (LDGD) for the sale of gas to LDGD from certain oil and gas leases in Erath County, Texas which it operates.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- N/A
- Industry
- N/A
- Listed since
- 2 Jun 2005
- Employees
- 3
Leadership
Pay as last reported
- Charles StidhamPresident, Chief Executive Officer, Director, since 2010
- Mr. Lawrence FinnChief Financial Officer
- Richard BinzChief Accounting Officer, Controller, since 2006
- Jeffrey JoyceVice President, Director, since 2007
- Dean ElliottDirector, since 2007
- Mr. John LeggDirector
- Mr. David PrattDirector
- Phillip WylieDirector
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Westar Oil & Gas Inc has established a strong market presence and has earned a reputation for its expertise in the oil and gas industry. This enables the company to command a competitive position in the market.
- The company boasts a diverse portfolio of oil and gas assets, including both domestic and international operations. This diversification helps mitigate risk and provides opportunities for growth in various markets.
- Westar Oil & Gas Inc has invested significantly in advanced technologies and equipment, which enhances their exploration, drilling, and production capabilities. This technological advantage improves operational efficiency and cost-effectiveness.
Weaknesses
- The company's profitability is highly sensitive to fluctuating oil prices in the global market. Any significant drop in oil prices can negatively impact Westar Oil & Gas Inc's financial performance.
- The oil and gas industry faces increasing scrutiny from environmental regulations and public sentiment towards climate change. Westar Oil & Gas Inc must navigate these challenges to minimize the environmental impact of its operations and comply with regulations.
Opportunities
- The global demand for energy, particularly in emerging markets, continues to rise. Westar Oil & Gas Inc can capitalize on this trend by expanding its operations and meeting the increasing energy needs of these markets.
- The shift towards renewable energy sources presents an opportunity for Westar Oil & Gas Inc to diversify its energy portfolio and invest in renewable technologies, such as solar or wind power. This allows the company to align with sustainable practices and tap into the growing renewable energy market.
Threats
- Westar Oil & Gas Inc operates in a highly competitive industry with numerous major and independent players. The intense competition poses a challenge to the company's market share and profitability.
- Geopolitical tensions, economic instability, and policy changes can significantly impact the oil and gas industry. Westar Oil & Gas Inc must closely monitor these factors to mitigate potential risks and adapt to changing market dynamics.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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