Latest Texas Gulf Energy Inc (TXGE) Headlines
Attorneys General From 19 States File SCOTUS Amicus Brief In SAF Case
PR Newswire - Fri Feb 14, 12:01PM CST
Attorneys general representing 19 states have signed onto an amicus curiae brief in the Second Amendment Foundation's case of Drake v. Jerejian, asking U.S. Supreme Court determination whether the Second Amendment secures the right to carry handguns outside the home for self-defense.
Texas Gulf Energy Former-CEO Surrenders 15,667,806 Shares of Common Stock Back to Company
PR Newswire - Wed Dec 11, 5:38AM CST
Texas Gulf Energy, Incorporated (OTCQB: TXGE) (www.tgnrg.com) announced today that the former CEO of the Company, David Mathews, has surrendered 15,667,806 shares of common stock back to the Company. These shares are being returned to the treasury and reduce the current shares outstanding to 53,110,834 for a net reduction in common shares outstanding of approximately 23%. Texas Gulf Energy CEO Craig Crawford stated, "The common shares were surrendered in conjunction with the redemption by the Company of the ex-CEO's preferred stock. As a result of the transaction, former-CEO David Mathews no longer owns any preferred or common shares of Texas Gulf Energy. Please refer to the 8K dated November 29, 2013, for further details related to the transaction."
Texas Gulf Energy Completes Asset Sales for $4,287,335
PR Newswire - Wed Dec 04, 5:38AM CST
Texas Gulf Energy, Incorporated (OTCQB: TXGE) (www.tgnrg.com) announced today the Company has completed $4,287,335 in asset sales related to Fishbone Solutions, Inc. (FSI), Texas Gulf Industrial Services (TGIS) and an operating division of the Company, Texas Gulf Electrical and Instrumentation. The sales included total cash payments of $2,690,335 and buyer assumption of debt in the amount of $1,597,000.
Texas Gulf Energy Wins Piping Fabrication Job
PR Newswire - Mon Oct 07, 3:48PM CDT
Texas Gulf Energy, Incorporated (OTCQB: TXGE) (www.tgnrg.com) announced today that its wholly owned subsidiary, Texas Gulf Specialty Services, has been chosen to provide a team of skilled trades, including welders and pipefitters, to fabricate pipe spools for a critical mid-stream oil and gas project. Texas Gulf Specialty Services will be working seven days a week, twenty hours per day in two shifts to deliver this critical, time sensitive piping project on time for our client.
Texas Gulf Energy, Inc. CEO Update
ACCESSWIRE - Mon Sep 16, 8:36AM CDT
Houston, Texas, September 16, 2013 - Texas Gulf Energy, Inc (OTCQB:TXGE) announced last week that it intends to spin off the remaining shares owned by the company in its former wholly owned subsidiary Texas Gulf Oil & Gas, Inc (TGOG) to TXGE stockholders in a pro-rata, tax-free dividend. Additionally, the Company has been approached by several very qualified parties interested in purchasing two subsidiary business units, Fishbone Solutions, Inc. and Texas Gulf Energy Industrial Services, Inc. These developments are a continuation of the plans announced earlier this year to take steps to enhance shareholder value. International Plant Services, LLC, our construction services subsidiary, continues to develop new sources for the management, supervision and skilled craftsmen required by the new projects planned for late 2013 and 2014.
Texas Gulf Energy, Inc. announces Dividend Spin-Off to its Shareholders of its interest in Texas Gulf Oil & Gas, Inc.
PR Newswire - Mon Sep 09, 5:48AM CDT
Texas Gulf Energy, Inc (OTCQB:TXGE) announced today that it intends to spin off the remaining shares owned by the company in its former wholly owned subsidiary Texas Gulf Oil & Gas, Inc (TGOG) to TXGE stockholders in a pro-rata, tax-free dividend. Completion of the spin-off is subject to a number of conditions, including the effectiveness of the Form 10 of Texas Gulf Oil & Gas, Inc to be filed with the SEC, a Private Letter Ruling from the IRS on the transaction, and other customary conditions.
Texas Gulf Energy, Inc. Awarded Over $1,900,000 In New Purchase Order
PR Newswire - Tue Sep 03, 5:38AM CDT
Texas Gulf Energy, Incorporated (OTCQB: TXGE) (www.tgnrg.com) announced today that the company has been awarded a new $1,930,000 purchase order from one of the world's largest specialty chemical companies. TXGE recently started the installation and completion of a new boiler project at the client's site in the Greater Houston, Texas area. Craig Crawford, CEO of Texas Gulf Energy, commented: "We have commenced work on this fast track new project and expect to complete the work by November 2, 2013. We are appreciative of the confidence shown by our client in awarding this project to our Industrial Services Group and look forward to another safe, on-time and on budget completion."
Texas Gulf Energy, Inc. Signs LOI To Sell Certain Subsidiaries For $5,000,000
PR Newswire - Tue Jun 25, 9:49AM CDT
Texas Gulf Energy, Incorporated (OTC: TXGE) (www.tgnrg.com) announced today that the company has signed a letter of intent (LOI) to sell the assets of three of the company's subsidiaries or divisions for $5,000,000, consisting of $3,000,000 in cash and approximately $2 million in assumed liabilities. The LOI is non binding and subject to the completion of due diligence and the execution of definitive binding agreements between the parties. Craig Crawford, CEO of Texas Gulf Energy, commented: "We previously disclosed that we were in ongoing negotiations to sell these operations, and with assistance and hard work from our previous CEO, David Mathews, we were able to reach an acceptable LOI agreement with a prospective buyer. Should the transaction successfully close as scheduled on or before July 31, 2013, Mr. Mathews plans on joining the buyer and continuing to lead the operations of the purchased companies."
Texas Gulf Energy (TXGE) Announces Dismissal of Renato Acain, et al Versus TXGE Subsidiary International Plant Services
PR Newswire - Thu Mar 14, 9:44AM CDT
Texas Gulf Energy, Incorporated (OTCQX:TXGE) announced today that the District Court of Harris County, Texas, 113th Judicial District, has dismissed the claims filed by Renato Acain, et al versus International Plant Services, L.L.C. (IPS), a wholly-owned subsidiary of TXGE. The court ruled, "that Defendants' (IPS's) Motion To Dismiss For Lack of Jurisdiction is granted, and plaintiffs' (Renato Acain, et al) claims are dismissed for lack of jurisdiction."
Texas Gulf Energy, Inc. Completes Turnaround At Salt Lake City Refinery
PR Newswire - Mon Feb 25, 5:44AM CST
Texas Gulf Energy, Incorporated (OTCQX: TXGE) (www.tgnrg.com) announced today that it successfully and safely completed a "turnaround" (a fast-track major refurbishment construction services project) in the Hydrofluoric Acid Unit of a refinery located North of Salt Lake City, UT. TXGE staff peaked at over 120 skilled craft workers working under the company's Project Management Team, and the work was completed without any injuries. The total value of the work completed was approximately $3.5 million. "TXGE is experiencing an increase in opportunities to bid similar work in other refineries and chemical plants, currently we are bidding on approximately $8 million in additional project work that helps solidify our 2013 forecast," said David Mathews, CEO of Texas Gulf Energy, Incorporated.
Texas Gulf Energy, Inc. Adds Contracts in Midstream Energy
PR Newswire - Tue Feb 05, 8:09AM CST
Texas Gulf Energy, Inc. (OTCQX: TXGE) (www.tgnrg.com) -- Texas Gulf Energy, Inc. (TXGE) has expanded its service offerings into the Midstream Oil and Gas Segment. A master service agreement was recently entered into between TXGE with one of the largest, publicly-traded energy partnerships, a leading North American provider of midstream energy services. The new master service agreement includes all of the services provided by TXGE and its subsidiaries. In addition, the Company has entered into two new service agreements with other large operators in the midstream energy services market. David Mathews, President and CEO of TXGE, commented, "Midstream Energy operators and owners are planning to heavily increase their spending on construction and related services, and we are already seeing that impact, which is resulting in new contracts for TXGE. We are very pleased to have this additional revenue stream going into 2013."
Attorneys General From 19 States File SCOTUS Amicus Brief In SAF Case
PR Newswire - Fri Feb 14, 12:01PM CST
Attorneys general representing 19 states have signed onto an amicus curiae brief in the Second Amendment Foundation's case of Drake v. Jerejian, asking U.S. Supreme Court determination whether the Second Amendment secures the right to carry handguns outside the home for self-defense.
Texas Gulf Energy Former-CEO Surrenders 15,667,806 Shares of Common Stock Back to Company
PR Newswire - Wed Dec 11, 5:38AM CST
Texas Gulf Energy, Incorporated (OTCQB: TXGE) (www.tgnrg.com) announced today that the former CEO of the Company, David Mathews, has surrendered 15,667,806 shares of common stock back to the Company. These shares are being returned to the treasury and reduce the current shares outstanding to 53,110,834 for a net reduction in common shares outstanding of approximately 23%. Texas Gulf Energy CEO Craig Crawford stated, "The common shares were surrendered in conjunction with the redemption by the Company of the ex-CEO's preferred stock. As a result of the transaction, former-CEO David Mathews no longer owns any preferred or common shares of Texas Gulf Energy. Please refer to the 8K dated November 29, 2013, for further details related to the transaction."
Texas Gulf Energy Completes Asset Sales for $4,287,335
PR Newswire - Wed Dec 04, 5:38AM CST
Texas Gulf Energy, Incorporated (OTCQB: TXGE) (www.tgnrg.com) announced today the Company has completed $4,287,335 in asset sales related to Fishbone Solutions, Inc. (FSI), Texas Gulf Industrial Services (TGIS) and an operating division of the Company, Texas Gulf Electrical and Instrumentation. The sales included total cash payments of $2,690,335 and buyer assumption of debt in the amount of $1,597,000.
Texas Gulf Energy Wins Piping Fabrication Job
PR Newswire - Mon Oct 07, 3:48PM CDT
Texas Gulf Energy, Incorporated (OTCQB: TXGE) (www.tgnrg.com) announced today that its wholly owned subsidiary, Texas Gulf Specialty Services, has been chosen to provide a team of skilled trades, including welders and pipefitters, to fabricate pipe spools for a critical mid-stream oil and gas project. Texas Gulf Specialty Services will be working seven days a week, twenty hours per day in two shifts to deliver this critical, time sensitive piping project on time for our client.
Texas Gulf Energy, Inc. CEO Update
ACCESSWIRE - Mon Sep 16, 8:36AM CDT
Houston, Texas, September 16, 2013 - Texas Gulf Energy, Inc (OTCQB:TXGE) announced last week that it intends to spin off the remaining shares owned by the company in its former wholly owned subsidiary Texas Gulf Oil & Gas, Inc (TGOG) to TXGE stockholders in a pro-rata, tax-free dividend. Additionally, the Company has been approached by several very qualified parties interested in purchasing two subsidiary business units, Fishbone Solutions, Inc. and Texas Gulf Energy Industrial Services, Inc. These developments are a continuation of the plans announced earlier this year to take steps to enhance shareholder value. International Plant Services, LLC, our construction services subsidiary, continues to develop new sources for the management, supervision and skilled craftsmen required by the new projects planned for late 2013 and 2014.
Texas Gulf Energy, Inc. announces Dividend Spin-Off to its Shareholders of its interest in Texas Gulf Oil & Gas, Inc.
PR Newswire - Mon Sep 09, 5:48AM CDT
Texas Gulf Energy, Inc (OTCQB:TXGE) announced today that it intends to spin off the remaining shares owned by the company in its former wholly owned subsidiary Texas Gulf Oil & Gas, Inc (TGOG) to TXGE stockholders in a pro-rata, tax-free dividend. Completion of the spin-off is subject to a number of conditions, including the effectiveness of the Form 10 of Texas Gulf Oil & Gas, Inc to be filed with the SEC, a Private Letter Ruling from the IRS on the transaction, and other customary conditions.
Texas Gulf Energy, Inc. Awarded Over $1,900,000 In New Purchase Order
PR Newswire - Tue Sep 03, 5:38AM CDT
Texas Gulf Energy, Incorporated (OTCQB: TXGE) (www.tgnrg.com) announced today that the company has been awarded a new $1,930,000 purchase order from one of the world's largest specialty chemical companies. TXGE recently started the installation and completion of a new boiler project at the client's site in the Greater Houston, Texas area. Craig Crawford, CEO of Texas Gulf Energy, commented: "We have commenced work on this fast track new project and expect to complete the work by November 2, 2013. We are appreciative of the confidence shown by our client in awarding this project to our Industrial Services Group and look forward to another safe, on-time and on budget completion."
Texas Gulf Energy, Inc. Signs LOI To Sell Certain Subsidiaries For $5,000,000
PR Newswire - Tue Jun 25, 9:49AM CDT
Texas Gulf Energy, Incorporated (OTC: TXGE) (www.tgnrg.com) announced today that the company has signed a letter of intent (LOI) to sell the assets of three of the company's subsidiaries or divisions for $5,000,000, consisting of $3,000,000 in cash and approximately $2 million in assumed liabilities. The LOI is non binding and subject to the completion of due diligence and the execution of definitive binding agreements between the parties. Craig Crawford, CEO of Texas Gulf Energy, commented: "We previously disclosed that we were in ongoing negotiations to sell these operations, and with assistance and hard work from our previous CEO, David Mathews, we were able to reach an acceptable LOI agreement with a prospective buyer. Should the transaction successfully close as scheduled on or before July 31, 2013, Mr. Mathews plans on joining the buyer and continuing to lead the operations of the purchased companies."
Texas Gulf Energy (TXGE) Announces Dismissal of Renato Acain, et al Versus TXGE Subsidiary International Plant Services
PR Newswire - Thu Mar 14, 9:44AM CDT
Texas Gulf Energy, Incorporated (OTCQX:TXGE) announced today that the District Court of Harris County, Texas, 113th Judicial District, has dismissed the claims filed by Renato Acain, et al versus International Plant Services, L.L.C. (IPS), a wholly-owned subsidiary of TXGE. The court ruled, "that Defendants' (IPS's) Motion To Dismiss For Lack of Jurisdiction is granted, and plaintiffs' (Renato Acain, et al) claims are dismissed for lack of jurisdiction."
Texas Gulf Energy, Inc. Completes Turnaround At Salt Lake City Refinery
PR Newswire - Mon Feb 25, 5:44AM CST
Texas Gulf Energy, Incorporated (OTCQX: TXGE) (www.tgnrg.com) announced today that it successfully and safely completed a "turnaround" (a fast-track major refurbishment construction services project) in the Hydrofluoric Acid Unit of a refinery located North of Salt Lake City, UT. TXGE staff peaked at over 120 skilled craft workers working under the company's Project Management Team, and the work was completed without any injuries. The total value of the work completed was approximately $3.5 million. "TXGE is experiencing an increase in opportunities to bid similar work in other refineries and chemical plants, currently we are bidding on approximately $8 million in additional project work that helps solidify our 2013 forecast," said David Mathews, CEO of Texas Gulf Energy, Incorporated.
Texas Gulf Energy, Inc. Adds Contracts in Midstream Energy
PR Newswire - Tue Feb 05, 8:09AM CST
Texas Gulf Energy, Inc. (OTCQX: TXGE) (www.tgnrg.com) -- Texas Gulf Energy, Inc. (TXGE) has expanded its service offerings into the Midstream Oil and Gas Segment. A master service agreement was recently entered into between TXGE with one of the largest, publicly-traded energy partnerships, a leading North American provider of midstream energy services. The new master service agreement includes all of the services provided by TXGE and its subsidiaries. In addition, the Company has entered into two new service agreements with other large operators in the midstream energy services market. David Mathews, President and CEO of TXGE, commented, "Midstream Energy operators and owners are planning to heavily increase their spending on construction and related services, and we are already seeing that impact, which is resulting in new contracts for TXGE. We are very pleased to have this additional revenue stream going into 2013."
