TCEQ Commissioners Vote to Issue Industrial Wastewater Disposal Permits for TexCom Site

27-Jan-2011

TCEQ Commissioners Vote to Issue Industrial Wastewater Disposal Permits for TexCom Site

HOUSTON, TX--(Marketwire - January 27, 2011) -    TexCom, Inc. (PINKSHEETS: TEXC) today announced that the commissioners of the Texas Commission on Environmental Quality (TCEQ) voted yesterday to grant the company's Houston-based TexCom Gulf Disposal, LLC subsidiary its permit to drill and operate up to four Class I nonhazardous industrial wastewater injection wells in Montgomery County, Texas.

The first injection well has already been completed and is expected to be put into service later this year after the company constructs surface facilities for receiving and processing wastewater. The injection limit for the facility per the terms of the permit will be 12,000 barrels per day. The additional wells may be drilled in the future if required to reach that capacity limit. The expected useful life of the wells is estimated to be more than 30 years.

Nonhazardous industrial wastewater is generated from process operations by the refining and chemical industries as well as by a variety of retail businesses.

About TexCom

TexCom, Inc., headquartered in Houston, Texas, is a growth-oriented company with its primary focus on the disposal of nonhazardous wastes. Domestically, TexCom disposes of nonhazardous materials generated by oil and gas exploration and production and is expanding its interests in disposal of nonhazardous industrial wastewater, serving the refining and petrochemical industries.

Forward-Looking Statement

This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Act") and Section 21E of the Securities Act of 1934, as amended (the "Exchange Act"). In particular, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law. Also, the company takes no obligation to update or correct information prepared by third parties that is not paid for by the company. The company's filings are available at http://www.pinksheets.com.

Contacts:

TexCom, Inc.
Management contact
Britt Brooks, EVP
713-914-9193
Email Contact: Email Contact