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Texhoma Energy, Inc. engages in the acquisition, exploration and production of crude oil and natural gas. The company’s primary focus has been on south Louisiana and east Texas, including near-shore Gulf of Mexico. With the sale of its Louisiana properties, the company has begun to replenish its oil and gas holdings in accordance with its traditional business model as well as to seek non oil and gas opportunities as they arise.
The company’s objective is to generate value by locating and acquiring opportunities with low risk and high potential for cash flow generation. Each opportunity is carefully evaluated by the company’s technical team and selected from a pipeline of opportunities including auction sites.read more
President and CEO
Gilbert Steedley has over twenty years of business development, industry research, and corporate finance experience across a diverse range of industries, including, and at the forefront, the energy industry. He is the founder of INU, which provides small cap public/private companies with capital market intelligence. Mr. Steedley has a close link with Wall Street operations, having served as Senior Vice President of Business Development for Able Global Partners, a New York City based merchant bank; Director of Issuer Services and a Director of Equities Business Development with the American Stock Exchange (AMEX); and Senior Research Analyst of Issuer Services with NASDAQ. In his role at AMEX, Mr. Steedley worked with clients concerning listing requirements on the exchange.read more
Texhoma’s primary former assets held included three leases located in Allen, Vermillion, and Calcasieu Parishes, Louisiana. The working interests ranged between 8.00% and 11.76% with a net revenue interest varying between 5.84% and 8.47%.
August 2014, Texhoma won the auction for a 0.016589% royalty interest in the Shooter 916 Lease located in Ochiltree County, Texas and 0.25% overriding royalty interest in the Tonto North 390 B #3 well located in Scurry County, Texas.
September 2014, the company won the auction for various non-operated working interests in eight (8) wells located in Gregg and Upshur Counties, Texas. The working interest ownership interest percentages vary between .053985% and .54487%.
Texhoma continues to seek to expand its portfolio of assets.read more
Texhoma’s objective is to grow through small-scale acquisitions building off each, to achieve long-term sustainable success. Securing low risk producing assets is a priority. As cash flow increases, the company plans to expand its program to include more production and exploration opportunities.read more
Press Release – September 17, 2014
Texhoma Energy, Inc. wins auctions for Non-operated Working Interest in Eight (8) Wells located in Gregg and Upshur Counties, Texas
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Press Release -August 21, 2014
Texhoma Energy, Inc. wins auctions for Royalty Interest on two Texas properties and reports that it has filed two years of audited statements
(click here to read full press release)
Company News – August 15, 2014
Texhoma Energy, Inc. successfully negotiated the acquisition of a 0.25% overriding royalty interest in the Tonto North 390 B #3 well located in Scurry County, Texas, which acquisition was funded by its CEO.
Company News – August 14, 2014
Texhoma Energy, Inc. filed audited financial statements for its fiscal years ended, September 30, 2013 and September 30, 2012 replacing unaudited financial statements for the same period.
Company News – August 12, 2014
On August 12, effective September 1, 2014, Texhoma Energy, Inc. won the auction for a 0.016589% overriding royalty interest in the Shooter 916 Lease located in Ochiltree County, Texas, which acquisition was funded by its CEO.
Press Release -July 1, 2014
Texhoma Energy, Inc. Signs Letter of Intent to raise up to $5 million in Growth Capital from Southridge Partners II, LP
(Click here to read full press release.)
(Click here to read full press release.)
Ticker Symbol: TXHE
SIC: 1311 – CRUDE PETROLEUM & NATURAL GAS
Reporting Status: OTC Pink
Incorporated in: NV, USA – 1998
Transfer Agent: Madison Stock Transfer
Company Officer: Gilbert Steedley
Company Director: Gilbert Steedley
For more information contact: Synergy Investor Relations - 888-259-9173read more