TEXCOM'S NEW SUBSIDIARY,
EAGLE FORD ENVIRONMENTAL SERVICES
Now open for business...
HOUSTON, TX - January 25, 2012 - TexCom, Inc. (OTC Pink:TEXC), an environmental services company for the oil and gas industry, today announced that its new liquid disposal site, owned and operated by its wholly owned subsidiary Eagle Ford Environmental Services, LLC (EFES), is now open for business and actively engaged in the responsible disposal of salt water generated by oilfield drilling operations in the Eagle Ford Shale.
"The official launch of our EFES operations marks an important milestone for TexCom – and one that is expected to trigger a notable increase in revenues for our Company as we expand our operations and range of services in the Eagle Ford Shale," stated Lou Ross, Chairman, President and CEO of TexCom.
Located adjacent to Highway 16, 18 miles south of Jourdanton, Texas and three miles north of McMullen County, TexCom's new disposal site is positioned in the very heart of the Eagle Ford Shale, a prolific oil and gas producing region in South Texas. Initially accepting salt water for injection disposal, EFES plans to soon expand services at the site to include the processing and disposing of frack water and providing truck wash-out services.
Continuing, Ross noted, "At the end of November 2011, rig count in the Eagle Ford Shale had risen to 264, or roughly 14% of all active onshore rigs in the United States. To put that in better perspective, there were only 20 rigs active in the play two years ago. Consequently, the demand for environmental services in this region has swelled proportionately, and should play a material role in TexCom's growth for years to come."
About TexCom, Inc.
TexCom, headquartered in Houston, Texas, is a growth-oriented environmental services company with a primary focus on the disposal of nonhazardous wastes generated by the oil & gas industry. TexCom is expanding its interests to disposal of nonhazardous industrial wastewater, serving the refining and petrochemical industries. For more information, please visit www.texcomresources.com.
This press release and the presentation referenced above may contain forward-looking statements, including information about management's view of TexCom, Inc.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release or such presentation other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of TexCom, Inc., its divisions and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on TexCom's future results. The forward-looking statements included in this press release and the presentation are made only as of the date hereof. TexCom cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, TexCom undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by TexCom.