0.13
+27.20%
Close of 9 Nov 2026, in USD
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About West Texas Resources
Its shares trade under the ticker WTXR. It has been listed since 24 October 2012. In the fiscal year to 31 December 2024, it reported revenue of $2,245 and a net loss of $460,719. At that date it held total assets of $153,103 and shareholders' equity of $3,103.
West Texas Resources, Inc. is an independent oil company, which engages in the acquisition, development and exploitation of oil and gas properties. The company is headquartered in Frisco, Texas. The company went IPO on 2012-10-24. The firm's activities focus on raising of capital and the investigation and acquisition of its initial oil and gas properties. The company holds interest in oil and gas properties, such as Wolfcamp Field, Stansell Field, Kiowa Oil Leases, T.W. Lee Field and T.A. Greer Lease. As of September 30, 2016, the Company owned non-operating leases covering approximately 1,070 gross mineral acre leases in the Wolfcamp field located in Hale County, Texas. As of September 30, 2016, the Company held 1% working interest in an oil prospect located in Floyd County, Texas. As of September 30, 2016, the Company held a 25% working interest in oil and gas properties located in Gregg County, Texas. The property is known as the T.W. Lee field. As of September 30, 2016, it held a 25% working interest in an East Texas oil and gas property. The property is known as the T.A. Greer lease.
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
- 24 Oct 2012
- Employees
- 2
- Website
- westtexasresources.com ↗
Leadership
Pay as last reported
- Mr. John KerrPresident, Chief Executive Officer, Chief Financial Officer, Director, since 2010$48,000
- Mr. Paul BroganDirector
- Mr. Danilo CacciamattaDirector
- Mr. Gordon JohnsonDirector
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
- Strong financial position: West Texas Resources Inc has a solid financial foundation with a healthy cash flow, allowing them to invest in growth opportunities.
- Diverse portfolio of assets: The company holds a diverse range of valuable assets, including oil and gas reserves, mineral rights, and exploration projects, which provides potential for long-term revenue generation.
- Experienced management team: West Texas Resources Inc is led by a competent and experienced management team with extensive knowledge of the industry, enabling them to make well-informed decisions.
Weaknesses
- Dependence on oil prices: The company's profitability is heavily influenced by fluctuations in oil prices, making them vulnerable to market volatility.
- Limited geographical presence: West Texas Resources Inc primarily operates in the West Texas region, which restricts their exposure to other potentially lucrative markets.
- High competition: The oil and gas industry is highly competitive, and West Texas Resources Inc faces competition from both established players and smaller companies looking to enter the market.
Opportunities
- Technological advancements: The company can leverage emerging technologies, such as advanced drilling techniques and data analytics, to improve operational efficiency and maximize output.
- Expansion into new markets: West Texas Resources Inc can consider expanding its operations into other regions or countries where there is untapped potential for oil and gas exploration and production.
- Increasing demand for clean energy: The growing global focus on renewable and sustainable energy sources presents an opportunity for the company to diversify its portfolio and invest in alternative energy projects.
Threats
- Environmental regulations: Stricter environmental regulations and concerns over carbon emissions can potentially impact the company's operations and increase compliance costs.
- Volatility in oil prices: Rapid fluctuations in oil prices can significantly affect West Texas Resources Inc's revenue and profitability, making it challenging to plan and execute long-term strategies.
- Political and economic instability: Political unrest, changes in government policies, or economic downturns in the regions where the company operates can pose threats to its operations and financial performance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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