Norris Industries Inc
Norris Industries, Inc. (OTC: NRIS) is a Nevada corporation incorporated on February 19, 2014, and headquartered in Weatherford, Texas, engaged in the exploration, development, and production of crude oil and natural gas properties in Texas. The company was formerly known as International Western Petroleum, Inc. before changing its name to Norris Industries, Inc. in February 2018. Norris Industries' principal properties are located in the Ellenberger formation in Coleman County, Texas, as well as in Jack County and Palo Pinto County — all situated in the Permian Basin-adjacent and Central Texas geological provinces that have been productive oil and natural gas territories for more than a century of Texas petroleum history.<br><br>The Ellenberger formation is a Permian-age carbonate reservoir that produces oil and gas across a broad swath of western and central Texas, with conventional reservoir characteristics that have made it a productive target for independent oil and gas operators seeking manageable-cost, lower-complexity production opportunities. Norris Industries focuses on the development, production, and maintenance of its existing crude oil and natural gas properties, reflecting a strategy of working established assets rather than pursuing high-risk frontier exploration. Small independent operators like Norris Industries play an important role in U.S. oil production by continuing to develop and maintain aging fields that may be sub-optimal for major integrated oil companies but remain economically viable with focused, cost-disciplined independent management.<br><br>Norris Industries, Inc. trades on the OTC market under the ticker symbol NRIS and files periodic reports with the Securities and Exchange Commission, including annual Form 10-K reports that disclose the company's reserve estimates, production activities, and financial performance. As an early-stage oil exploration and production company, Norris Industries is subject to the significant price and volume risks inherent in oil and gas production, including commodity price fluctuations, reservoir performance uncertainty, and the ongoing capital requirements of maintaining production from maturing oil wells. The company's Texas-focused portfolio provides exposure to one of the United States' most historically productive petroleum-producing states.