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  September 5, 2001
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Home > Company Index > Energy > Oil & Gas Exploration & Production > Texoil, Inc.

Texoil, Inc.
Nasdaq (SC): TXLI
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 PROFILE
When it comes down to it, it's pretty basic -- Texas and oil. Texoil explores for and produces oil and natural gas, mainly along the Gulf Coast in Louisiana and Texas. It also has interests in oil and gas wells in Mississippi and Oklahoma. In addition to its exploration program, Texoil purchases proved properties and re-engineers older fields to increase production and reduce costs. The company has proved reserves of about 13.6 million barrels of oil and 62.9 billion cu. ft. of natural gas. It has interests in more than 400 oil and gas wells, which produce about 1.4 million barrels of oil equivalent each year. Ocean Energy has acquired about 95% of Texoil and is buying the rest.

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 23.70
1-Yr. Sales Growth: 127.9%
Employees: 48
Revenue per employee: $493,750.00

 KEY PEOPLE
• Frank A. Lodzinski
    CEO

 CONTACT INFO
110 Cypress Station Dr., Ste. 220
Houston, TX 77090
US
Phone: 281-537-9920
Fax: 281-537-8324
Online: Web Site

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