Posted on Tuesday, July 13th, 2010 at 1:40 pm.
TexCom, Inc. has announced their first quarter results for the first three months of the year ending March 31,2010. The company, which is environmental services oil and gas company, announced record breaking numbers for the quarter.
The total net earnings were $661,041. TexCom’s oilfield waste disposal operations, M.B. Environmental Services, LLC also reached a record high with $2.24 million in the first quarter of 2010. This quarter represents the 21st profitable quarter.
There are multiple factors that are assumed to be contributing to the profitability of the company. The continuing functioning of the drilling rig in East Texas and increased ownership of MBES both have positive impacts on the company financially.
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