CYBER ENVIRO-TECH, INC. ANNOUNCES SPINOFF OF ALVEY OIL FIELD TO TEXAS COASTAL ENERGY, CORP.
MWN-AI** Summary
Cyber Enviro-Tech, Inc. (CETI), a company focused on environmental remediation, has announced the spinoff of its Alvey Oil Field operation to Texas Coastal Energy Corp (TCEC). The move comes as CETI pivots its strategy to concentrate on its core mission of addressing industrial wastewater and soil remediation. The Alvey Oil Field, initially acquired for testing CETI's proprietary oil production improvement technologies, is becoming less aligned with the company's evolving focus.
This spinoff transaction is particularly significant as it allows CETI to channel its resources into environmental projects, while still giving shareholders the opportunity to benefit from the Alvey asset's future developmental gains through TCEC. TCEC has recently augmented its portfolio by completing a reverse merger with West Texas Resources, Inc. (WTXR), which positions it for accelerated growth in oil production capabilities.
Under the stewardship of Donald H. Goree, the newly appointed Chairman and CEO of WTXR, the company aims to capitalize on its acquisition strategy focused on revitalizing legacy oil fields across Texas. WTXR already operates 59 equipped wells and holds an estimated 77 million barrels of recoverable oil and 120 billion cubic feet of natural gas reserves, with the Alvey Oil Field contributing an estimated 44 million barrels of recoverable reserves.
Both CETI and WTXR view this transaction as a strategically advantageous move. Kim D. Southworth, CETI's CEO, expressed that the partnership allows for enhanced asset development within a specialized framework while expanding CETI's focus on the global environmental remediation sector. Meanwhile, Goree emphasized the potential inherent in underdeveloped oil assets like Alvey, highlighting a commitment to unlocking its long-term value.
MWN-AI** Analysis
Cyber Enviro-Tech, Inc. (CETI) has taken a strategic step by announcing the spinoff of its Alvey Oil Field to Texas Coastal Energy, Corp. (TCEC). This move is designed to allow CETI to focus on its core operations in environmental remediation while enabling TCEC, now under the banner of West Texas Resources, Inc. (WTXR), to optimize and capitalize on the potential of the Alvey asset.
Investors should view this transaction as a crucial pivot point for CETI. With the Alvey Oil Field’s substantial estimated reserves of 44 million barrels of recoverable oil, CETI retains a vested interest in the field's future success, allowing the company to leverage its expertise in remediation. This dual-strategy positions CETI to benefit from potential profitability without the operational burdens associated with oil production.
For TCEC, acquiring the Alvey Oil Field fits into its roll-up strategy to enhance the value of proven oil reserves, which also include an estimated 77 million barrels across its portfolio. The experience of CEO Donald H. Goree may prove to be an advantageous factor as WTXR pursues scalable growth opportunities in a sector characterized by volatility but also significant upside potential.
From a market standpoint, investors in CETI should monitor the company's forthcoming remediation projects, especially given the increasing global focus on environmental sustainability. The company’s dedication to ESG (environmental, social, governance) practices may enhance its attractiveness to socially responsible investors.
In summary, CETI’s decision to concentrate on its core competencies while offloading the Alvey Oil Field allows for enhanced strategic focus, potential for value realization from TCEC, and aligns with growing market trends favoring sustainability. Long-term investors may find potential in both CETI and WTXR as they navigate their respective growth trajectories.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
SCOTTSDALE, Ariz. , Sept. 16, 2025 /PRNewswire/ -- Cyber Enviro-Tech, Inc. (OTCQB: CETI), an environmentally driven company specializing in the remediation of industrial wastewater, oil, sludge, and soil, today announced the spinoff of its Alvey Oil Field operation to Texas Coastal Energy, Corp. (TCEC).
While this transaction was being negotiated, TCEC completed a reverse merger through which it assumed control and operational stewardship of West Texas Resources, Inc. (OTCID: WTXR). Operating under the WTXR banner, the company has expanded its portfolio of producing oil and gas wells and reinforced its strategy to revitalize legacy oil fields across Texas . The acquisition of the Alvey Oil Field further accelerates WTXR's growth trajectory.
The Alvey Oil Field was originally acquired by CETI as a pilot site to test and refine its proprietary oil production enhancement technologies. Those efforts proved instrumental in demonstrating broader applications—extending beyond oil field optimization into large-scale remediation of contaminated oil, sludge, soil, and wastewater. As CETI's technology and strategy have evolved, the Alvey asset no longer aligns with the company's core focus. By spinning off the Alvey asset, CETI can fully dedicate its resources to advancing a growing portfolio of domestic and international remediation projects. At the same time, CETI and its shareholders retain the opportunity to participate in the future value of the Alvey Oil Field through its continued development by a company with deep expertise in oil and gas production—ensuring the asset has the best chance to realize its full potential while CETI concentrates on its primary growth markets.
Under the leadership of Texas Oilman Donald H. Goree , now Chairman & CEO, of West Texas Resources, Inc, brings more than 45 years of oil and gas knowledge and experience to the Company. Mr. Goree has founded multiple publicly traded companies, including one previously listed on the NYSE, and has extensive experience in corporate finance. WTXR is executing a roll-up strategy, targeting oil and gas fields with proven, recoverable reserves. The company has acquired 59 fully equipped wells with supporting infrastructure, positioning it for immediate scalability through modern recovery technologies.
WTXR holds an average 100% working interest across its properties, independently estimated to contain more than 77 million barrels of recoverable oil and 120 billion cubic feet of natural gas. The addition of the Alvey Oil Field, with an estimated 44 million barrels of inground recoverable reserves, significantly strengthens WTXRs portfolio of producing assets.
"This transaction represents a significant strategic step forward for CETI and our shareholders," said Kim D. Southworth , Co-Founder and CEO of Cyber Enviro-Tech .
"By exchanging the Alvey Oil Field for equity in a company with the expertise to fully optimize its reserves, we can sharpen our focus on the rapidly growing global demand for environmental remediation projects. At the same time, we anticipate this structure will allow us to still benefit from the long-term value of the Alvey asset, which will be developed alongside a diversified portfolio of producing oil and gas properties under experienced industry leadership."
Mr. Goree added: "We see tremendous opportunity in acquiring underdeveloped oil and gas assets with untapped potential. The Alvey Oil Field is an ideal fit for our expansion strategy, and we are eager to unlock its long-term value."
About Cyber Enviro-Tech, Inc.
Cyber Enviro-Tech, Inc. (CETI) is an emerging leader in environmental cleanup sector. Using proprietary bio remedial materials and advanced technologies, CETI eliminates hazardous contaminants from sludge ponds, oil refinery slop, wastewater, and soil. CETI's solutions combine Fourth Industrial Revolution technologies with biochemical processes to address oil spills, sludge ponds, storage tanks, mining sites, and other industrial contamination sources.
About West Texas Resources, Inc.
West Texas Resources, Inc. (WTXR) is an energy company led by Chairman & CEO Donald H. Goree . specializing in the acquisition and development of oil and gas leases, WTXR owns 59 fully equipped wells with an estimated 77 million barrels of recoverable oil and 120 billion cubic feet of natural gas reserves. WTXR is committed to creating long-term value by revitalizing legacy oil fields through modern recovery technologies and disciplined growth strategies.
Forward-Looking Statements
This press release contains forward-looking statements that reflect CETI's and WTXR's expectations regarding future financial performance, project developments, regulatory approvals, and business strategies. These statements are not guarantees of future results, and actual outcomes may differ due to various risk factors, including regulatory changes, market fluctuations, and operational challenges. Neither CETI nor WTXR assumes an obligation to update any forward-looking statements to reflect changes in circumstances after the date of this release.
Contact:
Winston McKellar
Director of IR/PR
Cyber Enviro-Tech, Inc.
6991 E. Camelback Rd., Suite D-300
Scottsdale, AZ 85251
Website: www.cyberenviro.tech
Tel: 866.687.6856
SOURCE Cyber Enviro-Tech
FAQ**
How will the spinoff of the Alvey Oil Field impact Cyber Enviro-Tech Inc CETI's financial position and resource allocation in their remediation projects?
What are the specific benefits that Cyber Enviro-Tech Inc CETI anticipates from retaining equity in the Alvey Oil Field post-spinoff?
How does the leadership team at Cyber Enviro-Tech Inc CETI plan to leverage the proceeds from the spinoff to enhance its core focus on environmental remediation?
What measures will Cyber Enviro-Tech Inc CETI implement to ensure successful collaboration with Texas Coastal Energy Corp following the Alvey Oil Field spinoff?
**MWN-AI FAQ is based on asking OpenAI questions about Cyber Enviro-Tech Inc (OTC: CETI).
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