TXN Energy is a privately held Houston, Texas, U.S.A.-based international oil and gas exploration and production company that was founded in 1996. The Company’s strategy is to identify and operate opportunities in emerging markets around the Black Sea in Eastern Europe.

TXN Energy’s strategy is to seek opportunities in known hydrocarbon-bearing basins where historical geopolitical, economic and/or technical situations may have caused significant oil and gas plays to be overlooked or underdeveloped. As these markets evolve and emerge, TXN Energy is well-positioned to be a primary mover applying advanced U.S.-based technologies to capitalize on unique investment opportunities.

Since its founding, the company’s focus has been on the greater Black Sea region, and this has made it a leader in understanding the regional geology and technical requirements necessary to successfully exploit oil and gas deposits throughout this region.