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  September 5, 2001
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Home > Company Index > Energy > Oil & Gas Exploration & Production > TransTexas Gas Corporation

TransTexas Gas Corporation
OTC: TTXG
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 PROFILE
TransTexas Gas waltzes across South Texas and the upper Gulf Coast exploring for oil and gas. An independent exploration and production company, TransTexas Gas has proved reserves of 132 billion cu. ft. of natural gas equivalent. The company emerged from bankruptcy protection in 2000 after having sold noncore assets, including drilling rigs and pipeline assets, to reduce debt. TransTexas founder and CEO John Stanley -- no stranger to bankruptcy courts -- owned 81% of the company before the bankruptcy filing and wound up with a 20% stake after the reorganization. Entities controlled by investor Carl Icahn own 34%.

 COMPETITION
Abraxas Petroleum Corporation (ABP)
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Exxon Mobil Corporation (XOM)

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 FINANCIAL OVERVIEW
Fiscal Year-End: January
2001 Sales (mil.): 182.90
1-Yr. Sales Growth: 73.5%
Employees: 186
Revenue per employee: $983,333.33

 KEY PEOPLE
• John R. Stanley
    CEO
• Edwin B. Donahue
    CFO

 CONTACT INFO
1300 N. Sam Houston Pkwy. East, Ste. 310
Houston, TX 77032
US
Phone: 281-987-8600
Fax: 281-986-8866
Online: Web Site

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