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CYBER ENVIRO-TECH, INC. ANNOUNCES SPINOFF OF ALVEY OIL FIELD TO TEXAS COASTAL ENERGY, CORP.
CYBER ENVIRO-TECH, INC. ANNOUNCES SPINOFF OF ALVEY OIL FIELD TO TEXAS COASTAL ENERGY, CORP..
About this update from Cyber Enviro-tech Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n CYBER ENVIRO-TECH, INC. ANNOUNCES SPINOFF OF ALVEY OIL FIELD TO TEXAS COASTAL ENERGY, CORP.\r\n \r\n \r\n\r\n\r\nCYBER ENVIRO-TECH, INC. ANNOUNCES SPINOFF OF ALVEY OIL FIELD TO TEXAS COASTAL ENERGY, CORP.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nSCOTTSDALE, 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). \r\n\r\n \r\n \r\n \r\n \r\n \r\n \r\n\r\n \r\nWhile 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. \r\nThe 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.\r\nUnder 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 experi...