Cyber Enviro-Tech Spins Off Alvey Oil Field to Texas Coastal Energy, Enhancing Focus on Remediation Initiatives

Cyber Enviro-Tech Transitions Alvey Oil Field to Texas Coastal Energy

In a significant strategic decision, Cyber Enviro-Tech, Inc. (OTCQB: CETI), a company recognized for its environmentally-focused remediation efforts, has spun off its Alvey Oil Field operations to Texas Coastal Energy Corporation (TCEC). The announcement was made on September 16, 2025, signaling a new chapter for both companies as they align their resources towards their respective core missions.

The agreement allows TCEC to integrate the Alvey Oil Field into its existing portfolio, which now includes a robust operational capacity following a recent reverse merger with West Texas Resources, Inc. (OTCID: WTXR). Under the leadership of Donald H. Goree, TCEC aims to significantly enhance its oil and gas operations across Texas, evidencing a commitment to revitalizing legacy fields.

Originally acquired by Cyber Enviro-Tech as a pilot site for testing its proprietary oil production enhancement technologies, the Alvey Oil Field offered valuable insights not just into oil field optimization but also into the remediation of industrial contamination. However, as Cyber Enviro-Tech has shifted its focus towards expanding its portfolio of remediation projects—both domestically and internationally—it determined that the Alvey asset no longer aligned with its strategic objectives. By divesting this asset, CETI can now focus resources on advancing its environmental cleanup technologies across diverse sectors.

Despite parting ways with Alvey, Cyber Enviro-Tech has ensured that its shareholders remain connected to the asset's future. By exchanging Alvey for equity in TCEC, CETI continues to have a stake in its development, enabling the company to benefit from the Alvey field’s potential under a management team with deep expertise in oil production.

Donald H. Goree, TCEC’s Chairman and CEO, boasts over 45 years of experience in the oil and gas sector, having published founding roles in multiple publicly traded companies. His expertise sets a strong foundation for WTXR, which has already acquired numerous operational wells and developed a significant infrastructure to support its growth strategy, as they target oil and gas fields with proven reserves.

Currently, WTXR holds a considerable working interest across its properties, which have been independently assessed to contain a substantial amount of recoverable resources—over 77 million barrels of oil and 120 billion cubic feet of natural gas. With the inclusion of Alvey, expected to add around 44 million barrels of recoverable reserves, the company's growth projection appears robust.

Kim D. Southworth, Co-Founder and CEO of Cyber Enviro-Tech, stated, “This transaction is a major step forward for CETI and our investors. This strategic divestiture enables us to sharpen our focus on our growth in the environmental remediation sector, where demand is swiftly increasing globally. We are excited to see how the Alvey asset develops under the experienced stewardship of TCEC.”

Furthermore, Mr. Goree added, “This acquisition presents a valuable opportunity to unlock potential within underdeveloped assets. The Alvey Oil Field aligns perfectly with our expansion strategy, and we are keen to realize its long-term value.”

As Cyber Enviro-Tech and Texas Coastal Energy chart their paths, the implications of this strategic move will likely resonate throughout the industry, demonstrating a clear delineation between environmental remediation and traditional oil production, with each entity focusing on its core mission to ensure maximum potential is reached in their respective fields.

About Cyber Enviro-Tech, Inc.

Cyber Enviro-Tech, Inc. specializes in environmental cleanup, utilizing advanced technologies and proprietary materials designed to tackle contamination challenges across various industrial sources including oil spills and wastewater management.

About West Texas Resources, Inc.

West Texas Resources, Inc. is focused on the acquisition and development of strategic oil and gas leases, currently operating with a vast portfolio including numerous oil wells poised for immediate scalability through innovative recovery technologies.