Altex Industries, Inc. operates in the Crude petroleum and natural gas sector. Altex Industries, Inc. is a holding company. Through its operating subsidiary, Altex Oil Corporation (AOC), the Company owns interests, including working interests, in productive onshore oil and gas properties, has bought and sold producing oil and gas properties, and, to a lesser extent, has participated in the drilling of exploratory and development wells, and in recompletions of existing wells. All of AOC's interests are in properties operated by others. As of December 17, 2009, it did not own a working interest in any undeveloped acreage, and none of the wells, in which the Company owns an interest is a multiple completion. However, certain wells in which it owns an interest do produce from multiple zones. As of December 17, 2009, it owned working interests in two gross (0.22 net) productive oil wells (which produce associated natural gas), no wells producing only natural gas, and 203 gross (13 net) developed acres. All of the Company's production is located in Utah and Wyoming. In our complete report available for purchase the company is compared to: US Natural Gas Corporation, Glen Rose Petroleum Corp and Petrohunter Energy Corporation.