SPINDLETOP OIL & GAS CO.

Spindletop Oil & Gas Co. is an independent oil and gas company. The Company is engaged in the exploration, development, production and acquisition of oil and natural gas; and through one of its subsidiaries, the rental of oilfield equipment and the gathering and marketing of natural gas. The Company's segments include exploration, acquisition, development and production of oil and natural gas, natural gas gathering, and commercial real estate investment. The Company is also engaged in commercial real estate leasing through leasing office space to non-related third-party tenants. It is focused on oil and gas operations principally in Texas, although it operates properties in approximately five states, including Texas, Oklahoma, New Mexico, Louisiana, and Alabama. In addition, the Company, through Prairie Pipeline Co., owns several miles of pipelines associated with Company-operated oil and natural gas properties in Texas which are used for the gathering of natural gas. Employees 28 Sector Oil & Gas Exploration and Production