| Business Summary | | Altex
Industries,
Inc.
is
a
holding
company
that,
through
its
operating
subsidiary,
currently
owns
interests,
including
working
interests,
in
productive
onshore
oil
and
gas
properties,
buys
and
sells
producing
oil
and
gas
properties,
and,
to
a
lesser
extent,
participates
in
the
drilling
of
exploratory
and
development
wells,
and
in
recompletions
of
existing
wells.
The
Company
operates
only
one
producing
well
and
one
field
currently
being
abandoned.
All
other
interests
are
in
properties
operated
by
others.
Through
the
operators
of
the
properties
in
which
it
has
an
interest,
the
Company
sells
produced
oil
and
gas
to
refiners,
pipeline
operators,
and
processing
plants.
Substantially
all
of
the
Company's
production
is
located
in
Colorado,
Utah
and
Wyoming. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ALTX
buys
and
sells
producing
oil
and
gas
properties
and
participates
in
the
drilling
of
exploratory
and
development
wells,
and
in
recompletions
of
existing
wells.
ALTX
also
owns
interests
in
onshore
oil
and
gas
properties.
For
the
nine
months
ended
6/30/01,
revenues
rose
95%
to
$1.3
million.
Net
income
totaled
$619
thousand,
up
from
$98
thousand.
Results
reflect
a
$521
thousand
gain
on
the
sale
of
assets
and
the
absence
of
a
$16
thousand
reclamation
cost. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Steven Cardin, 50 Chairman,
Pres and CEO | $199K | Dollar amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|