Norris Industries, Inc.

Norris Industries, Inc. is an exploration and production oil and natural gas company. It focuses on developing, producing, and maintaining crude oil and natural gas properties. The company operates through identifying mature, shallow fields and prospective acreage, utilizing enhanced oil recovery techniques and well workovers to extract hydrocarbons. Its production includes crude oil and natural gas, with sales handled via agreements with commercial buyers and transportation partners such as BML, Transport Oil, Lion Oil Trading & Transportation, and WTG Jameson, who pick up and deliver the commodities to refineries and local pipelines.

The company operates primarily in Texas, holding approximately 3,612 total gross acres in leaseholds across the North Central, Central West, and North East Texas regions, including Coleman, Jack, and Palo Pinto counties, and Kilgore City. Its assets include interests in the Bend Arch Lion joint ventures, the Marshall Walden property, and the Stuart leases. Norris Industries is headquartered in Weatherford, Texas.

Summary of the business section of Norris Industries's latest annual report, written by StockData.

“Our business model requires significant investment in acquisitions and explorations, and, if and to the extent our business grows, we will need to hire new employees. Specifically, our profitability will depend upon our success at accomplishing the following tasks: … 10”