SEC File No. 0-18774
                                                        CUSIP No. 848550 20 8

                               UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.

                                FORM 12b-25

                        NOTIFICATION OF LATE FILING

 [ ] Form 10-K  [ ] Form 20-F  [ ] Form 11-K  [X] Form 10-Q  [ ] Form 10-D
 [ ] Form N-SAR [ ] Form N-CSR

                      For Period Ended: March 31, 2007

                     [ ] Transition Report on Form 10-K
                     [ ] Transition Report on Form 20-F
                     [ ] Transition Report on Form 11-K
                     [ ] Transition Report on Form 10-Q
                     [ ] Transition Report on Form N-SAR

                   For the Transition Period Ended:  N/A

    Nothing in this form shall be construed to imply that the Commission
              has verified any information contained herein.

    If the notification relates to a portion of the filing checked above,
          Identify the Item(s) to which the notification relates:


                      PART I - REGISTRANT INFORMATION

                         Spindletop Oil & Gas Co.
                        (Full name of registrant)

                                    N/A
                        (Former Name if Applicable)

                        12850 Spurling Dr., Suite 200
                  (Address of Principal Executive Office)

                            Dallas, Texas 75230
                        (City, State and Zip Code)














                     PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)

        (a) The reasons described in reasonable detail in Part III of this
            form could not be eliminated without unreasonable effort or
            expense;
        (b) The subject annual report, semi-annual report, transition report
            on Form 10-K, Form 20-F, 11-K, Form N-SAR, or Form N-CSR, or
            portion thereof, will be filed on or before the fifteenth calendar
  [X]       day following the prescribed due date; or the subject quarterly
            report or transition report on Form 10-Q, or subject distribution
            report on Form 10-D, or portion thereof will be filed on or before
            the fifth calendar day following the prescribed due date; and
        (c) The accountant's statement or other exhibit required by
            Rule 12b-25(c) has been attached if applicable.


                           PART III - NARRATIVE

State below in reasonable detail the reasons why the Form 10-K, 20-F, 11-K,
10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could
not be filed within the prescribed time period.


Spindletop Oil & Gas Co. is unable to file its Quarterly Report on Form 10-Q
for the quarter ended March 31, 2007, without unreasonable effort and
expense due to the late receipt of information required from consolidated
subsidiaries.


                        PART IV - OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to this
notification.

          Chris G. Mazzini             972             644-2581
              (Name)               (Area Code)    (Telephone Number)

(2)  Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that
the registrant was required to file such report(s) been filed?  If answer is
no, identify report(s),         [X] YES     [ ] NO

(3)  Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by
the earnings statements to be included in the subject report or portion
thereof?                        [ ] YES     [X] NO

If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.


                         SPINDLETOP OIL & GAS CO.
               (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

May 15, 2007                          By: /s/ Chris G. Mazzini
                                      Chris G. Mazzini
                                      President, Director,
                                      Principal Executive Officer