Texas Gulf Energy, Inc (TXGE)

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Texas Gulf Energy, Incorporated to Expand Pipeline Fabrication Capacity

HOUSTON, June 20, 2012 /PRNewswire/ -- Texas Gulf Energy, Inc. (www.tgnrg.com) (TXGE) announced today that the Company is expanding its capacity to provide pipe and vessel fabrication services to its energy sector clients by forming Texas Gulf Fabricators, Inc. David Mathews, Texas Gulf Energy President and CEO, commented "the Gulf Coast has seen numerous recent multi-billion dollar announcements of refinery, pipeline and plant expansions which will require substantial fabrication expertise and services. We have received many current client inquiries requesting fabrication, and we believe it provides a substantial opportunity for expansion of our business. For example, in June, a current client and one of the largest mid-Western refiners, awarded Texas Gulf Energy a fabrication contract based on the quality of our other services being provided to them. We are currently planning our facilities expansion, and further information will be provided as soon as possible. We intend that Texas Gulf Fabricators will become a major resource for dependable, on time delivery of vessel and piping fabrication services as well as modular construction of skid mounted facilities to our Fortune 500 customer base."