TexCom, Inc. (TEXC) An Environmental Services Provider Corporate Presentation November 18, 2009.

Slides:



Advertisements
Similar presentations
THE BUSINESS PLAN The Business Plan Chp. 5 ITB.
Advertisements

1CPEAC/EHC CONFERENCE – 8 March 2009 Alberta & Oil: Where it has been and where it is heading for? Peter Yang, M.Sc., P.Eng. Manager, SAGD Specialist Group.
1 FIRST QUARTER 2009 INVESTOR CONFERENCE CALL. 2 Today ’ s Hosts Steve Romano Chairman & Chief Executive Officer Jim Baumgardner President & Chief Operating.
SAFE HARBOR Certain statements contained in this presentation regarding Rick's Cabaret future operating results or performance or business plans or prospects.
Annual Meeting of Shareholders Thursday, June 26 th, 2014 Welcome.
2 1 Financial results for H Zagreb July, 2014.
Eyal Sheratzki, co-CEO August 2009 Investor Presentation.
2013 LUXOFT AND/OR ITS AFFILIATES. ALL RIGHTS RESERVED.1 1 SOFTWARE ENGINEERING TECHNOLOGY AUTOMOTIVE TRAVEL AND AVIATION ENERGYTELECOM FINANCIAL SERVICES.
DAUGHERTY RESOURCES, INC. IPAA Oil & Gas Investment Symposium New York April (Nasdaq: NGAS)
Standard Register Fourth Quarter and Full Year 2007 Conference Call February 22, 2008.
1 Mineral Enterprise Corporation Investor Presentation MINENCO.
Aker Exploration: Rig for oil Status and Outlook Bård Johansen, President & CEO.
State-of-the-art Greenhouses GROWCO, INC. – A MAJORITY OWNED SUBSIDIARY OF TWO RIVERS WATER & FARMING DENVER, CO – – – OTCQB:
Western Financial Group Q Financial Results Conference Call August 18, 2009.
National Investment Banking Association Conference - June 16, 2011 Business for a Better Tomorrow “A better environment is a better future.” An Environmental.
IPAA 2008 Private Capital Conference January 16, 2008 Chalker Energy Partners II, LP.
ATP Oil & Gas Corporation Commercializing PUD Reserves May 16, 2002 T. Paul Bulmahn Chairman & President ATP Oil & Gas Corporation.
RBC Capital Markets’ MLP Conference November 16,
National Eagles and Angels Association January 11, 2011 Business for a Better Tomorrow “A better environment is a better future.” An Environmental Services.
NGPC N G P NGP CAPITAL RESOURCES COMPANY IPAA OGIS Private Capital Conference April 18, 2005 C.
BOAML 2011 Health Care Conference May 11, 2011 Bill Lucia, CEO Walter Hosp, CFO Contact: Christine Saenz
Corporate Overview September Hannon Armstrong Sustainable Infrastructure Capital, Inc. (the "Company") makes forward-looking statements in this.
CIBC World Markets Annual Global Energy Conference March 19-21, 2002.
FEBRUARY 22, DAVID GALLOWAY Chairman of the Board.
Western Financial Group Q Financial Results Conference Call August 12, 2008.
Commodity Hedging Overview May 10, 2012 The following information is current as of May 10, Memorial Production Partners LP (MEMP) intends to provide.
Grattan Institute / MEI Energy Futures Event Dr Fiona Wild Vice President, Environment and Climate Change 5 March 2015 Newman, Iron Ore.
Natural Resource Partners L.P. Platts Coal Properties Conference February 2007.
Black Box Corporation Overview. Black Box Corporation 2 Forward-Looking Statements - Any forward-looking statements contained in this presentation are.
Canada’s Oil Sands: Challenges and Opportunities Mike Ashar Executive Vice President Suncor Energy Inc. Woodrow Wilson Forum October 17, 2005 Washington.
NCBC and CCB – Merger of Equals – Creating The Southeast’s Premier High Growth Bank.
PIPER JAFFRAY COMPANIES APRIL 13, CAUTION REGARDING FORWARD-LOOKING STATEMENTS Statements contained in this presentation that are not historical.
Presented by: John Fulton, Non-Executive Chairman Marie Bray, Finance Director 13 August 2014.
SAFE HARBOR Certain statements contained in this presentation regarding Rick's Cabaret future operating results or performance or business plans or prospects.
1 New standard in North Sea drilling operations..
Needham 11 th Annual Growth Conference January 6, 2009 NASDAQ: BBOX.
ABLE LABORATORIES, INC.. Safe Harbor Statement Except for historical facts, the statements in this presentation, as well as oral statements or other written.
1 ATP Oil & Gas Corporation The Seventh Oil & Gas Conference August 5-8, 2002 ATP Oil & Gas Corporation.
ChevronTexaco Corporation Peter Bijur Chairman & CEO Texaco Inc. Dave O’Reilly Chairman & CEO Chevron Corporation 1.
GIS Services Our long journey to an Enterprise GIS  Brief history of GIS at Noble  Map Requests  Land Focus  Data  Introducing GIS Services  Standards.
John Lowe Executive Vice President, Planning & Strategic Transactions Meet Alaska Conference January 24, 2003 Meet Alaska Conference January 24, 2003.
Electricity Industry Overview: An LDC Perspective Amanda Klein Vice President, Regulatory Affairs and General Counsel June 22, 2015 CAMPUT 2015 Energy.
October 2009 Enerchem International Inc.
ATP Oil & Gas Corporation Global Executive Finance for Oil & Gas 2002 May 13-14, 2002 Al Reese, Jr. Senior Vice President & Chief Financial Officer ATP.
SAFE HARBOR Certain statements contained in this presentation regarding Rick's Cabaret future operating results or performance or business plans or prospects.
National Eagles and Angels Association April 2011 Business for a Better Tomorrow “A better environment is a better future.” An Environmental Services Provider.
Third Quarter 2009 Earnings Conference Call October 26, 2009 Sunoco Logistics Partners L.P.
Western Financial Group Q Financial Results Conference Call November 16, 2009.
2 Disclaimer This powerpoint contains identifying important factors that could cause actual results to differ from the projected results. All statements,
SECOND QUARTER 2004 EARNINGS John A. Luke, Jr. Chairman and CEO James A. Buzzard President Peter H. Vogel, Jr. Interim Principal Financial Officer July.
Investor Presentation November Forward Looking Statements This presentation may contain forward-looking statements which are subject to a number.
Western Financial Group Q Financial Results Conference Call November 17, 2008.
Western Financial Group Q Financial Results Conference Call May 9, 2008.
2009 Coal Seam Gas Safety Forum Paul Zealand, Executive General Manager Upstream Oil & Gas Friday 14 August 2009.
Telephone and Data Systems, Inc. Annual Meeting of Shareholders May 23, 2002.
SPE GCS General Meeting Luncheon March 14, Forward-looking statement This presentation contains projections and other forward looking statements.
FOURTH QUARTER AND YEAR END 2012 RESULTS. The following is a Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press.
BP Holdings. Kinder Morgan and BP North America Enter into Long-Term Agreements Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and BP North America (NYSE:
1Q13 Earnings Conference Call Investor Relations São Paulo, May 13, 2013.
1 3Q 2003 Earnings July 22, Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the federal securities.
Fourth Quarter / Full Year Earnings 2008 Kimberly Ross Chief Financial Officer March 2, 2009.
THIRD QUARTER 2012 RESULTS.  Year-over-year revenue growth of 5.5% to $32.0 million, at the high end range of guidance  Adjusted fully diluted EPS of.
FOURTH QUARTER AND FULL YEAR 2013 RESULTS March 13, 2014.
Western Financial Group Q Financial Results Conference Call November 13, 2006.
NCBC and CCB – Merger of Equals –
Standard Register First Quarter 2007 Conference Call April 27, 2007.
Annual Meeting of Stockholders Tuesday, May 22, 2018
Compal Electronics, Inc. 4Q17 Consolidated Financial Results
Compal Electronics, Inc. 3Q18 Consolidated Financial Results
Compal Electronics, Inc. 1Q19 Consolidated Financial Results
Presentation transcript:

TexCom, Inc. (TEXC) An Environmental Services Provider Corporate Presentation November 18, 2009

Forward-Looking Statement Statements contained herein and the information incorporated by reference herein may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). Forward-looking statements can be identified by the use of forward-looking terminology such as, but not limited to, "may," "will," "expect," "anticipate," "estimate," "would be," "believe," or "continue" or the negative or other variations of comparable terminology. We intend such forward-looking statements to be covered by the safe harbor provisions applicable to forward-looking statements contained in Section 21E of the Exchange Act. Such statements (none of which is intended as a guarantee of performance) are subject to certain assumptions, risks and uncertainties, which could cause our actual future results, achievements or transactions to differ materially from those projected or anticipated. Such risks and uncertainties are set forth herein. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demands and acceptance, changes in technology, economic conditions, the impact of competition and pricing, and government regulation and approvals. TexCom cautions that assumptions, expectations, projections, intentions, or beliefs about future events may, and often do, vary from actual results and the differences can be material. Some of the key factors which could cause actual results to vary from those TexCom expects include changes in oil prices, soybean prices, soybean oil prices, the timing of planned capital expenditures, availability of acquisitions, uncertainties in estimating and forecasting production results, political conditions in Paraguay, the condition of the capital markets generally, as well as our ability to access them, and uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting our business. Our expectations, beliefs and projections are expressed in good faith and are believed to have a reasonable basis, including without limitation, our examination of historical operating trends, data contained in our records and other data available from third parties. There can be no assurance, however, that our expectations, beliefs or projections will result, be achieved, or be accomplished. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no duty to update these forward-looking statements. The information contained herein is offered for informational purposes only. None of this information is to be construed as an offer to buy or sell securities.

TexCom Description  An energy field services company engaged in the disposal of waste from oil and gas exploration and production.  In the process of permitting an additional site for disposal of Class I non-hazardous industrial wastewater.  Currently services companies in the U.S. Gulf Coast including:  Exploration & Production Companies  Drilling Companies  Oilfield Waste Transporters  Actual : 2008 Revenue $6.1 million EBITDA $4.1 million  Estimated: 2009 Revenue $6.9 million EBITDA $4.7 million

Market Cap 11/10/2009:$7,500,000 Basic Shares Outstanding: 49,549,500 Headquarters: Houston, Texas Employees: 22 Websites: Market Cap 11/10/2009:$7,500,000 Basic Shares Outstanding: 49,549,500 Headquarters: Houston, Texas Employees: 22 Websites: TEXC Corporate Snapshot

TEXC Business Segments

Organizational Structure Funded Not Funded

E & P Waste Disposal Drivers   Non-hazardous Oilfield Waste Disposal   Active drilling rigs in region   No. of existing oil & gas wells in region   Marked uptick in drilling   Naturally Occurring Radioactive Material   Increased regulatory enforcement   Growing litigation associated with producing oilfield property transactions

Recast Current & Proforma Projections Reflects financing already in place and 100% ownership of MB Class II Site

What’s the Opportunity for TexCom Growth? NORM Naturally Occurring Radioactive Material

What is NORM?   Radioactive Radium is present everywhere in earth’s crust.   Dissolves in underground saltwater along with other minerals.   Deposits with other minerals as scale.   In oil & gas production, scale precipitates from saltwater due to decrease in temperature and pressure.   In the oilfield, scale builds on well tubing and in surface gathering equipment (pipelines, pumps, storage tanks)

NORM: Trigger for Growth  10,000,000 barrels of NORM existed in 1995 in the United States ($3 Billion market for disposal) Source: Argonne Labs  It is still there and growing by 140,000 – 160,000 Barrels per year ($45MM/yr.) Source: American Petroleum Institute NORM Disposal Market Drivers  NORM Surveys – now part of oil & gas property transaction due diligence  Public Awareness – NORM contamination in the oilfield has been the subject of a number of Newspaper articles in Texas and Louisiana as well as a high profile $1 Billion lawsuit for soil contamination.  Regulatory Awareness – regulators now test for NORM in oilfields

How Does TexCom Address the Industry Problem and Exploit the Opportunity?   We have:   The permits   A suitable site location   Ample disposal capacity   Qualified personnel   Experience in the business   Existing customer base   Knowledge

Our Competitive Advantage  Most Class II wells inject into depleted oil & gas formations; only accept produced water  Limited number of Class II wells inject into fractured caprock or salt caverns that can accept solids (rock tailings, drilling muds and NORM scale)  Even fewer Class II wells are permitted to accept NORM

Company Management NameTitleBackground / Experience Lou RossPresident and Chairman  Vice President, Planning and Development – Westlake Chemicals  Managing Director for Research, Engineering and Business Planning – Chemicals Group of United States Steel Corporation  Worldwide Director of Chemicals Business Planning – Gulf Oil Corporation  Manager, Planning and Development – Gulf Oil Corporation, Petrochemicals Division Britt Brooks Executive Vice President, Secretary and Director  Former Vice President and Director – Texas Commercial Resources  Director Sabine Resources, Inc.  17 years experience in Small Cap Finance Robert Wilson Chief Financial Officer  Partner 5 years in Audit Department at Price Waterhouse  20 years as Financial Operations Principal for Investment Banks  10 years as CFO of several publicly traded companies Jay Charles General Manager, Biodiesel  Managing Partner – GlobalNet, Inc.  Executive Vice President and General Manager – C&L Communications, Inc.  Permitted and Developed 3 Biodiesel Plants in Texas Matt McEneny General Manager, Disposal  Corporate Director, Environmental Health & Safety – Burlington Resources Don BlackPresident, M.B. Environmental Services, LLC  More than 45 years of experience in oil and gas drilling in major oil producing regions around the globe.  Spent 12 years in the North Sea as the Drilling Superintendent for six offshore drilling rigs

Representative TexCom Clients ANADARKOFOREST OIL APACHE CORP.HILCORP BAKER HUGHESKAISER FRANCIS CHESAPEAKEKINDER MORGAN CONOCOPHILLIPSNEWFIELD DELTA SEABOARDPETROHAWK ENERGY DENBURY ONSHORE, LLCPRIDE ENERGY COMPANY DEVON ENERGYRANGE RESOURCES E.O.G.TXCO EL PASO PRODUCTIONUNION OIL & GAS OPERATING EXCO RESOURCES, INC.XTO  180 total active account relationships

Our Disposal Revenue vs. Drilling Rig Count

Current Capacity Utilization  Less than 35% of permitted capacity for oilfield waste disposal  Less than 5% of our NORM capacity * * TEXC is 1 of the 3 companies having commercial NORM injection permits in the U.S.

$3 Billion NORM Disposal Market is Underserved

Disposal: Historical and Proforma Revenue (Millions) $3.1 $6.1 $6.4 $8.5

TEXC’s Disposal Revenue Mix Revenue: $6,197,583 Revenue: $4,968,543

Pathway to Major Growth in NORM Disposal   Vertically Integrate into Engineering Services and Decontamination Operations   Acquire and Joint Venture with Licensed Engineering Service and Decontamination Companies.   Acquire additional NORM disposal capacity   Target Market Major E&P Companies   Target Market Key E&P production fields

To Accelerate Growth DISPOSAL Vertical DECON SITE Environmental Engineering Firms Position upstream in Engineering & Decontamination

Vertical Integration Advantages of vertical integration into Engineering and Decon. 1.Capture 3 out of the 4 NORM value chain components 2.Build or buy engineering capability 3.NORM Engineering firms direct product through the value chain Engineering 15% Decontamination 33% Transportation 12% Disposal 40%

Horizontal Integration Existing Sites Expansion Oil Production Gas Production Mixed Production

TexCom Gulf Disposal, LLC  Limited number of Class I wells in commercial operation  Deep well injection at 6,500 feet  Existing and completed well on 27 acres  Near to Greater Houston refining/petrochemical complex  Permit allows injection of 12,000 bbls/day  Large anchor customer nearby  Action on permit expected Q Class I Non-hazardous Industrial Wastewater Disposal

Class I Deep Well Injection Proforma Funded

Why TEXC Now  No blue sky in market valuation  Public environmental companies trade at 20 + P/E multiples  Completing buyout of partners brings profitability at a low multiple  TEXC Prior Ownership – 36.79%  TEXC 2010 Ownership – 93.4% to 100%  One of a few operating companies in a large market  Uniquely positioned to scale the Environmental Services portion of our business