Thu, May 17, 2012 15:01
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Global NuTech Changes Name to Texas Gulf Energy

Texas Business reports:  HOUSTON—Global NuTech Inc. will change its name to Texas Gulf Energy Incorporated.

The name change reflects the company's expanding focus on services, exploration and production in the energy sector. 

Global NuTech Inc. recently acquired Houston-based Texas Gulf Oil & Gas Inc. from private equity firm Corporate Strategies Merchant Bankers, which included individual oilfield producing interests, assets and options throughout the Austin Chalk and near the Eagle Ford shale play in Texas.

“By adding the core business of Texas Gulf Oil & Gas, Inc. with the proven model of services already provided by our flagship operation International Plant Services, LLC, we are continuing our vertical expansion throughout the energy sector,” said Global NuTech chief executive David Mathews. “We believe our new name, Texas Gulf Energy, Incorporated, more clearly defines our future focus and the energy related businesses of the company.”