BNET Industries
Last Fiscal Year Sales:$93.9M
- Public
- US
Dow Jones Description
TXCO Resources, formerly The Exploration Company, is an independent oil and gas enterprise with interests in the Maverick Basin, the onshore Gulf Coast region and the Marfa Basin of Texas, and the Midcontinent region of western Oklahoma. It has a consistent record of long-term growth in its proved oil and gas reserves, leasehold acreage position, production and cash flow through its established exploration and development programs. TXCO?s business strategy is to build shareholder value by acquiring undeveloped mineral interests and internally developing a multi-year drilling inventory through the use of advanced technologies, such as 3-D seismic and horizontal drilling.
Number of Employees 105
Contact Information
777 East Sonterra Boulevard
Suite 350
San Antonio, Texas 78258
210-496-5300
Peer Companies
NAICS Code Crude Petroleum and Natural Gas Extraction: 211111
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News & Analysis
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TXCO Resources Takes a Hit
Eric Fox submits: TXCO Resources TXCO looks like it may become the first casualty of the credit crunch in the exploration and production sector. The company just received an acceleration notice from its lender demanding full repayment of the $150 million owed under the agreement, an amount the company does...
TXCO Resources, Inc. Q3 2008 (Qtr End 9/30/2008) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Neal Dingmann – Dahlman Rose & Co. Neal Dingmann – Dahlman Rose & Co. Say Jim can you address a bit as far as, you know, now with your CapEx I bet sort of living within...
TXCO Resources Reports Record Third-Quarter Oil and Gas Sales; Updates Current Field Operations
SAN ANTONIO -- TXCO Resources Inc. (Nasdaq:TXCO) today provided estimated oil and gas sales volumes for the third quarter and nine months of 2008 and updated current operations. Highlights include: * Record third-quarter and nine-month combined oil and gas sales; * Ten rigs drilling currently; * A...
TXCO Resources Inc. Q1 2008 Earnings Call Transcript
Earnings Call ExcerptTXCO Resources Inc. TXCO Q1 2008 Earnings Call May 6, 2008 11:00 am ET Executives Roberto R. Thomae - Vice President-Capital Markets, Corporate Secretary James E. Sigmon - Chairman of the Board, President and Chief Executive Officer James J. Bookout - Vice President and Chief Operating Officer...
TXCO Resources Signs Exploration Agreement Expanding Its Maverick Basin Pearsall Resource Play
SAN ANTONIO -- TXCO Resources Inc. (Nasdaq:TXCO) today announced it has signed an agreement with Anadarko Petroleum Corporation (NYSE:APC) that gives rights to drill the Pearsall and Eagleford shale gas resource plays on Anadarko's 349,000 gross acres in the Maverick Basin of Southwest Texas. In addition, TXCO has entered into...
TXCO Resources Reaches Settlement Agreement with Stockholder Third Point LLC
SAN ANTONIO & NEW YORK -- TXCO Resources Inc. (Nasdaq: TXCO) and Third Point LLC today announced that they have reached a settlement agreement in a lawsuit pending in the Delaware Court of Chancery and a related proxy contest in which Third Point sought to seat three directors on TXCO's...
TXCO Resources Reports Record Results for 2007
SAN ANTONIO -- TXCO Resources Inc. (Nasdaq:TXCO) today reported results for its year and quarter ended December 31, 2007. The Company set records for: * Revenues. * Oil and gas sales. * Cash flow. * Total assets. * Proved reserves. For the year, total...
TXCO Resources Inc Q42007 Earnings Call Transcript
Question-and-Answer Session Operator Your first question comes from the line of Neil Denman with Dell, Mann Rose & Company. Neil Denman – Dell, Mann, Rose & Company Good afternoon, guys. Or morning I should say. Group Good morning. Neil Denman – Dell, Mann, Rose & Company I would like...
TXCO Resources Increases Fort Trinidad-Area Interest
SAN ANTONIO -- TXCO Resources Inc. (Nasdaq:TXCO) today announced it has increased its Fort Trinidad Field-area holdings in East Texas through a $19.6 million acquisition of acreage and reserves. Through separate transactions with several private parties, the Company has increased its Fort Trinidad holdings to 36,498 gross acres, or...
Lunchtime Stock News: SMKG, CSR, TXCO.
M2 PRESSWIRE-6 March 2008-Stock Profiler.US: Lunchtime Stock News: SMKG, CSR, TXCOC1994-2008 M2 COMMUNICATIONS LTD RDATE:06032008 New York, NY -- SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG); China Security & Surveillance Technology, Inc. (NYSE: CSR); TXCO Resources Inc. (NASDAQ:TXCO) ...
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