Norris Industries(OTC) NRIS

Norris Industries helps supply oil and natural gas for energy needs. The company operates primarily in Texas.

Fueling the Basics: What Norris Sells

Crude oil: Extracted and sold for fuel and industrial use (77.1% of revenue, Q1 FY2026).

Natural gas: Produced and sold for heating, power, and manufacturing (22.9% of revenue, Q1 FY2026).

Oilfield operations: Manages and maintains wells, mainly in Central West Texas.

Property acquisition: Buys and develops small oil and gas fields for future production.

Growth Spurts and Side Quests

Changed name from International Western Petroleum to Norris in 2018.

The company has concentrated on acquiring small, producing oil fields, but has paused acquisition activity over the past four years.

Plugged four unprofitable wells and limited spending to maintenance during FY2025.

Plans to pursue bolt-on acquisitions, including non-oilfield companies, as of 2025.

Evaluates new partnerships and acquisition opportunities on an ongoing basis.

What Makes Norris a Bit Different

Norris targets overlooked, smaller oil fields in Texas, using shallow drilling to reduce costs and risks. The company relies on enhanced oil recovery methods and outside technical experts to boost production. Its simple structure and flexible spending allow quick adjustments to changing market conditions.

Five Things You Need to Know

Revenue was $92,770 in Q1 FY2026, down 7.5% from Q1 FY2025.

Oil sales accounted for 77.1% of revenue.

Net loss was $167,408 in Q1 FY2026, a 1.0% improvement year-over-year.

Cash used in operations was $98,239 in Q1 FY2026, a 15.2% increase in cash outflow from Q1 FY2025.

Bottom Line

Norris has focused on small-scale oil and gas production in Texas, adapting to market shifts and operational challenges. The company remains reliant on outside financing and flexible strategies to sustain its business.