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A Total Service Company

Houston, TX based Texas Gulf Energy Inc. and its subsidiaries have been providing services to the refining, chemicals, LNG, oil & gas, midstream and upstream industries for over a decade. We provide Construction (small and large Capital), Maintenance, Turnaround, Professional Services, Project Management Services and Fabrication and Field Services to our clients.

Our Texas Gulf Energy team is made up of recognized performers in their fields, and collectively provide many years of specific, successful experience in the industries we serve. Texas Gulf Energy has worked for all of the major EPC companies providing services to most of the oil, gas and chemicals clients in North America and abroad. Our corporate headquarters are in Houston, Texas with affiliate offices in over twenty countries around the globe.

Texas Gulf Energy Service Groups

Texas Gulf Specialty Services

Construction Management, Execution and Direct Hire. FCC Turnaround & Revamps, Process Plant Turnarounds & Revamps, Capital Projects. Full Service Construction & Turnaround Staffing Services; Engineers, Planners, Schedulers, Estimators.

International Plant Services - IPS

Provision of High Quality English Speaking Foreign National and Domestic Engineers, Construction Staff and Construction Crafts.

 

Specializing in High Quality Process Plant Welders and Pipefitters. All disciplines available.

Texas Gulf Fabrication Services

Pipe, Structural Steel, Skid & Module, & Vessel Fabrication.

Texas Gulf Energy International

Capital Projects, Construction, Turnaround and Maintenance Services for International Markets Throughout the World.

What Texas Gulf Energy Brings to Your Project:

What Texas Gulf Energy Brings to Your Project  
  • Full Service Construction & Maintenence
  • Turnaround Management & Execution
  • Consulting Services – Project Controls
  • International Experience and Capabilities
  • Ability to Provide Construction Resources Internationally in Over Twenty Countries Around the Globe
Meet Our CLients

ABB Lummus
ASI Piping
BASF 
Bechtel
BP

Holly Frontier
Huntsman
INEOS
InServ - Integrated 
Service Co.

PPG 
Praxair
Repcon, Inc.
RTI Energy
Sasol

BP Amoco
Catoosa Fab. Shop
CB&I
CCC Group, Inc.
Cheniere
Citgo
ConocoPhillips
COP 
Duke Energy

Invista
Irvin
Jacobs Engineering 
KBR
Keystone Cement 
Kinder Morgan
Lyondell
Magellan Pipeline
Marathon Pipeline

Scott Process
Systems
Shaw Power Group
Shaw Modular Solutions
Shell
Southeast Texas Ind.
Southwest Research
Starcon
Sterling

Deer Park Refining
Dominion Power
Dow 
EIU
Enterprise Products 
Explorer Pipeline
ExxonMobil
Flint Hills Resources
Fluor

Marathon Refining
Matrix Services, Inc.
Mc-O Constructors
Mohawk Fabricators
Motiva
MRP LLC Fab Shop
Mustang
National Boiler
Navajo Refinery

Technip
Teton
TIMEC
Total 
Turk Power Plant
Turner Industries
Turner Fabricators
Valero
Ventech

Holly / Frontier
Georgia Gulf
GP Ind. Contractors
Gulf Coast Refinery
Gulf LNG
GULFEX, LP
Hastings

Northern Natural Gas
Nu-Star
Oak Grove Power
Occidental Petroleum
ODFJELL Terminals
Oil Tanking
OPPD

West County Power
Willbros
WorleyParsons
Wyatt
Wynnewood Refinery

 

© 2014 TEXAS GULF ENERGY, INC.
ALL RIGHTS RESERVED






 
Date Time Source Headline Symbol   Company
12/11/2013 6:38AM PRNUS Texas Gulf Energy Former-CEO Surrenders 15,667,806 Shares of Common Stock Back to Company USOTC:TXGE   Texas Gulf Energy, Incorporated. (QB)
12/11/2013 6:38AM PRNUS Texas Gulf Energy Former-CEO Surrenders 15,667,806 Shares of Common Stock Back to Company USOTC:TXGE   Texas Gulf Energy, Incorporated. (QB)
12/04/2013 6:38AM PRNUS Texas Gulf Energy Completes Asset Sales for $4,287,335 USOTC:TXGE   Texas Gulf Energy, Incorporated. (QB)



Texas Gulf Energy, Incorporated  
Consolidated Statements of Operations  
(unaudited)
 
 
 
Three Months Ended 
September 30,
 
Nine Months Ended 
September 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
 
 
 
(restated)
 
 
 
 
(restated)
 
Revenues
 
$
6,191,014
 
$
8,080,254
 
$
20,251,057
 
$
25,410,018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of revenues
 
 
4,809,909
 
 
6,569,790
 
 
15,825,536
 
 
19,741,646
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
 
 
1,381,105
 
 
1,510,464
 
 
4,425,521
 
 
5,668,372
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
General and administrative expense
 
 
2,106,837
 
 
2,175,442
 
 
5,518,804
 
 
6,666,469
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss from operations
 
 
(725,732)
 
 
(664,978)
 
 
(1,093,283)
 
 
(998,097)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other income (expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other income (expense)
 
 
(881)
 
 
404,820
 
 
133,495
 
 
405,502
 
Interest expense
 
 
(79,738)
 
 
(16,630)
 
 
(244,797)
 
 
(89,086)
 
Total other income (expense)
 
 
(80,619)
 
 
388,190
 
 
(111,302)
 
 
316,416
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss before income tax
 
 
(806,351)
 
 
(276,788)
 
 
(1,204,585)
 
 
(681,681)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income tax benefit
 
 
52,808
 
 
60,344
 
 
205,274
 
 
200,987
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(753,543)
 
$
(216,444)
 
$
(999,311)
 
$
(480,694)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss per share
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(0.01)
 
$
(0.00)
 
$
(0.02)
 
$
(0.01)
 
Diluted
 
$
(0.01)
 
$
(0.00)
 
$
(0.02)
 
$
(0.01)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
 
56,612,302
 
 
48,847,954
 
 
52,913,541
 
 
47,309,704
 
Diluted
 
 
56,612,302
 
 
48,847,954
 
 
52,913,541
 
 
47,309,704
 
 
 
 
 
 
 
See accompanying notes to the Consolidated Financial Statements.
 
 
Texas Gulf Energy, Incorporated
Consolidated Balance Sheets
(unaudited)
 
 
 
September 30,  
2013
 
December 31,  
2012
 
 
 
 
 
(restated)
 
Assets
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
483,807
 
$
394,306
 
Accounts receivable, net
 
 
5,319,960
 
 
6,506,920
 
Federal income taxes receivable
 
 
303,746
 
 
115,224
 
Deferred income taxes
 
 
245,000
 
 
130,000
 
Prepaid expenses and other current assets
 
 
545,345
 
 
762,211
 
Total current assets
 
 
6,897,858
 
 
7,908,661
 
 
 
 
 
 
 
 
 
Property and equipment, net
 
 
988,282
 
 
1,431,741
 
Goodwill and other assets
 
 
935,947
 
 
942,227
 
Total assets
 
$
8,822,087
 
$
10,282,629
 
 
 
 
 
 
 
 
 
Liabilities and stockholders’ equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
Accounts payable
 
$
1,373,726
 
$
1,292,686
 
Accrued liabilities
 
 
604,774
 
 
1,353,044
 
Due to related parties, net
 
 
36,747
 
 
204,561
 
Lines of credit
 
 
2,037,713
 
 
2,623,552
 
Note payable
 
 
484,080
 
 
233,135
 
Total current liabilities
 
 
4,537,040
 
 
5,706,978
 
 
 
 
 
 
 
 
 
Convertible debt
 
 
1,283,126
 
 
1,283,126
 
Deferred federal income tax
 
 
-
 
 
29,000
 
Total liabilities
 
 
5,820,166
 
 
7,019,104
 
 
 
 
 
 
 
 
 
Commitments and Contingencies
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stockholders’ equity:
 
 
 
 
 
 
 
Common stock - $.00001 par value; 500,000,000 shares authorized; 58,485,479 
    shares issued and outstanding as of September 30, 2013, and 49,300,156 
    December 31, 2012
 
 
585
 
 
493
 
Preferred stock – par value of $.00001; 100,000,000 shares authorized;
 
 
 
 
 
 
 
Series A convertible preferred stock 2,900,000 issued and outstanding
 
 
29
 
 
29
 
Series B convertible preferred stock 10,000,000 issued and outstanding
 
 
100
 
 
100
 
Additional paid in capital
 
 
3,958,804
 
 
3,221,189
 
Retained earnings (deficit)
 
 
(957,597)
 
 
41,714
 
Total stockholders’ equity
 
 
3,001,921
 
 
3,263,525
 
Total liabilities and stockholders’ equity
 
$
8,822,087
 
$
10,282,629
 
 
 
 
 
 
 

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PostSubject
#2156   TXGE reinstated after 2 years of being dormant: ARTIST 10/24/15 10:48:16 AM
#2155   I do not see any hope for this one. texasgold 09/29/14 10:51:23 AM
#2154   So much potential here... Hope the co fell MasterBidder 06/19/14 12:05:36 AM
#2153   Buzz is stuck on the MMJ sector MasterBidder 05/27/14 12:43:46 AM
#2152   I would have thought there would be more buzz. texasgold 05/12/14 02:53:35 PM
#2151   Yup but a bit steep big campaign coming Witchhouse 05/03/14 03:40:01 PM
#2150   new game texasgold 05/02/14 01:41:12 PM
#2149   new game texasgold 05/02/14 01:41:11 PM
#2148   One retailer left looks like MasterBidder 05/01/14 12:18:21 PM
#2147   IDK bit early to say that... we'll see, MasterBidder 05/01/14 11:44:49 AM
#2146   ughhhh ohhhh the ole gap and trap looks atotalbum 05/01/14 11:22:23 AM
#2145   L2 looking rowdy... MasterBidder 05/01/14 11:03:58 AM
#2144   getting some decent hits today cheeseburger belly... atotalbum 05/01/14 10:47:37 AM
#2143   8K out - Item 5.02 Departure of Directors MasterBidder 04/30/14 11:50:46 AM
#2142   whoever is constantly down ticking NITE here on atotalbum 04/21/14 03:40:01 PM
#2141   That's a pitty man. ruke 04/09/14 05:24:54 PM
#2140   Good advice, I took it and renewed my PsD 04/09/14 03:43:30 PM
#2139   I got in again by misreading the SEC PsD 04/09/14 03:14:30 PM
#2138   Yes, I sold last week (as soon as Debbie777 04/08/14 08:28:11 PM
#2137   int one atotalbum 04/08/14 01:09:30 PM
#2136   It's not about the general going concern boiler Traderfan 04/08/14 12:14:16 PM
#2135   Find a company at this market cap without MasterBidder 04/08/14 12:11:35 PM
#2134   Still looks like bargain basement prices here despite Traderfan 04/08/14 11:06:22 AM
#2133   It was me while I was pregnant with MasterBidder 04/05/14 09:55:29 PM
#2132   OMG Is that picture from "Trailer Park Boys"? otcbargains 04/05/14 10:38:32 AM
#2131   Still looks like bargain basement prices here despite MasterBidder 04/05/14 04:18:22 AM
#2130   Ahhh, I didn't look that closely. otcbargains 04/04/14 12:52:26 PM
#2129   Yes but they also announced the revenues and Traderfan 04/04/14 12:14:09 PM
#2128   THey anounced the annual loss in the nt otcbargains 04/04/14 12:05:54 PM
#2127   It looks like a 4th q profit but Traderfan 04/04/14 12:04:11 PM
#2126   It looks like a 4th q profit but otcbargains 04/03/14 08:26:33 PM
#2125   The reason for the sell off since yday Traderfan 04/03/14 04:57:55 PM
#2124   crash texasgold 04/03/14 04:31:01 PM
#2123   Whoever bought the .02s got a gift, was MasterBidder 03/25/14 08:19:52 PM
#2122   BP refinery spill whiting indiana, needs repair & justin663 03/25/14 06:47:15 PM
#2121   excellent justin663 03/24/14 02:35:19 PM
#2120   People loading without smashing the price up on MasterBidder 03/24/14 02:31:57 PM
#2119   ask @ .031 justin663 03/24/14 02:31:37 PM
#2118   lots of small purchases coming in today, nice justin663 03/24/14 02:28:48 PM
#2117   Nope just pretty much tragic all around. MasterBidder 03/23/14 10:49:29 PM
#2116   Is the oil spill from the transport ship justin663 03/23/14 09:03:15 PM
#2115   Agree I'm looking for another 50-100k in low MasterBidder 03/22/14 10:32:51 AM
#2114   I hear that. Was hoping for a downturn justin663 03/21/14 10:52:09 PM
#2113   I'll be joining u for some more 2s MasterBidder 03/20/14 09:32:56 PM
#2112   strong buy @ these levels. justin663 03/19/14 11:47:18 AM
#2111   I'm going to start buying in @ the justin663 03/18/14 11:43:55 PM
#2110   Looks like people are getting impatient. I'm holding Debbie777 03/18/14 12:35:01 PM
#2109   no action texasgold 03/18/14 09:55:29 AM
#2108   I'm in the same boat, but if its MasterBidder 03/10/14 09:58:35 PM
#2107   I think of TXGE as an "incubator stage" nsomniyak 03/10/14 09:45:27 PM
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