Treaty Energy Corp. (fka TECO)

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TECO started out as a maintenance company re-fitting old oil wells. After a few years TECO
started drilling wells many many wells. They started drilling 500 foot wells and worked up to drilling 5000+ foot wells. Nobody can say they did not drill, drill drill. They had acquired oil leases all over the county including out of the country. As luck would have it TECO never hit the big commercial
well that they were striving for. Oil well drilling takes a lot of money no question so as problems occurred bills were not paid but, drilling continued. Finally TERCO ran out of tricks to avoid the
bills and lawsuits.

Just one big hit would have saved them that's the oil business.