| News |

Local Energy Company Giving the SEC a Bad Case o' Gas

Keep Dallas Observer Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Dallas and help keep the future of Dallas Observer free.

Terax Energy, an oil and gas production and exploration company based out of One Galleria Tower, is having major troubs with the Security and Exchange Commission, which today suspended trading of the company's securities. The ban's expected to last two weeks, at least, during which time the SEC will investigate just who's running the danged company, anyway.

Reports the Associated Press, "The SEC said questions have been raised about Terax's oil and gas operations and the identity of the people running the company." And there are other problems too, more than a few of 'em pretty major -- like, oh, the government's looking into Terax's "supposed acquisition of a controlling interest in a foreign energy firm." Stuff like that. And its phone number ain't working. Ya know. Nothing big. --Robert Wilonsky

Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


Join the Observer community and help support independent local journalism in Dallas.


Join the Observer community and help support independent local journalism in Dallas.