Business for a Better Tomorrow “A better environment is a better future.” An Environmental Services Provider to the Oil & Gas Industry National Eagles and Angels Association • January 11, 2011 Statements contained herein and the information incorporated by reference herein may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). Forward-looking statements can be identified by the use of forward-looking terminology such as, but not limited to, "may," "will," "expect," "anticipate," "estimate," "would be," "believe," or "continue" or the negative or other variations of comparable terminology. We intend such forward-looking statements to be covered by the safe harbor provisions applicable to forward-looking statements contained in Section 21E of the Exchange Act. Such statements (none of which are intended as a guarantee of performance) are subject to certain assumptions, risks and uncertainties, which could cause our actual future results, achievements or transactions to differ materially from those projected or anticipated. Such risks and uncertainties are set forth herein. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demands and acceptance, changes in technology, economic conditions, the impact of competition and pricing, and government regulation and approvals. TexCom cautions that assumptions, expectations, projections, intentions, or beliefs about future events may, and often do, vary from actual results and the differences can be material. Some of the key factors which could cause actual results to vary from those TexCom expects include changes in oil prices, soybean prices, soybean oil prices, the timing of planned capital expenditures, availability of acquisitions, uncertainties in estimating and forecasting production results, political conditions in Paraguay, the condition of the capital markets generally, as well as our ability to access them, and uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting our business. Our expectations, beliefs and projections are expressed in good faith and are believed to have a reasonable basis, including without limitation, our examination of historical operating trends, data contained in our records and other data available from third parties. There can be no assurance, however, that our expectations, beliefs or projections will result, be achieved, or be accomplished. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no duty to update any forward-looking statements. The information contained herein is offered for informational purposes only. None of this information is to be construed as an offer to buy or sell securities. 2 M.B. Environmental Services, LLC TexCom Gulf Disposal, LLC Operating Company Permits Pending 12 Years of Operation 20% Owned by TexCom 90% Owned by TexCom Nonhazardous Industrial Wastewater Disposal E&P Waste Disposal Development Stage 3 • Traditional • Drilling Waste (NOW) • Produced Water • Tank and Truck Washouts • New • Naturally Occurring Radioactive Material (NORM) • Frac Water (Shale Gas Production) 4 Radioactive Radium is present everywhere in Earth’s crust Dissolves in underground saltwater Deposits along with other minerals as scale In oil and gas production, scale precipitates from saltwater brought to surface due to decrease in temperature and pressure In the oilfield, scale builds up on well tubing and in surface gathering equipment (pipelines, pumps and storage tanks) 5 Radium/NORM poses little human health risk when held in place in pipe, tankage, etc. It does, however, pose a threat when particles become airborne and/or are leached into the groundwater. 7 WHERE ELSE DOES NORM ACCUMULATE? In Wellheads On Smart Pigs that Clean Pipelines In Storage Tanks 8 • 10 million barrels of NORM in existence in 1995 • Cost to remediate and dispose estimated at $3.5 Billion At 1995 rates of oil and gas production, additional amounts of NORM being generated were estimated to be 140,000 to as much as 640,000 barrels per year. There are well over 60% more producing wells now than in 1995. We estimate that less than 35 million barrels of NORM per year are currently being removed from existing equipment and properly remediated and disposed. 9 The total cost to mobilize, decontaminate and dispose of just the existing NORM in oilfield equipment (pipes, tanks, batteries, wellheads, etc.) over a 20 year period is estimated to be in the range of to . Options to dispose of NORM in approved, permitted facilities are limited. M.B. Environmental is one of only four companies permitted to dispose of NORM by underground injection. TexCom is one of only two public companies that dispose of NORM and the ONLY Public Engineering and Disposal “Pure Play.” 10 Non-hazardous Oilfield Waste Disposal (NOW) Increase in active drilling rigs in region Increased number of producing oil and gas wells in region Naturally Occurring Radioactive Material (NORM) Increased regulatory enforcement Billion dollar judgment against Exxon in 2004 Growing Business-to-Business litigation associated with producing oilfield property transactions 12 Disposes of Wastes from Oilfield Operations • Drilling Wastes • Oil-Based Drilling Muds • Water-Based Drilling Muds • Produced Salt Water • Truck and Tank Washouts • Naturally Occurring Radioactive Materials (NORM) 13 Differentiated from Competition • Wells drilled into fractured Caprock on flank of salt dome • Can accept mixtures of solids slurried in water • Most Class II wells inject into depleted oil and gas fomations; only accept produced water • That allows us to inject NORM underground • One of four companies permitted to dispose of NORM by underground injection 14 $8.8 $9,000 $8,000 Reflected in millions $6.2 $7,000 $6.6 $6,000 $5,000 $4,000 $3,000 $2.3 $2.7 $3.0 $3.1 $2,000 $1,000 $0 2004 2005 NORM NOW 2006 2007 Truck Washouts 2008 2009 Transfer Facility 2010 Est. Other 15 We have: the permits in place the right site with required geology ample disposal capacity qualified environmental personnel 10 years experience in disposal of NORM world class customer base knowledge 16 Environmental Engineering Firms TexCom is working to position upstream in NORM Engineering and NORM Decontamination DECON SITE DISPOSAL Vertical 17 Vertical Integration in NORM Decontamination and Disposal Technology Innovations Wider Geographic Market Reach Recovery and Recycle of Frac Fluid Water Site expansion to domestic shale plays 18 • Vertically Integrate into Engineering Services and Decontamination Operations. • Add Capabilities to provide Licensed Engineering Consulting and Decontamination Services • Expand NORM disposal capacity • Target Marketing to Major E&P Companies • Acquire or develop disposal facilities in: • South Texas (Eagle Ford Shale) • Louisiana (Haynesville Shale) 19 Existing Sites Expansion potential Oil Production Gas Production Mixed Production 20 Reflected in Millions 2010 2011 2012 2013 2014 Organic Growth Vertical Integration Base Case Base Case 8.8 8.8 9.2 18.5 10.1 23.2 12.6 30.4 14.4 37.7 Normalized Gross Profit Margins range from 40% - 60% of Revenue 21 Exchange/Ticker: Pink Sheets: TEXC Market Capitalization: $10.74 Million Basic Shares Outstanding: 63.16 Million Headquarters: Houston, Texas Number of Employees: 22 Websites: www.texcomresources.com www.mbenvironmental.net 22 Business for a Better Tomorrow “A better environment is a better future.” Questions?