Call for Natural Gas Marketing Leadership

It is time for leadership in natural gas marketing. Local markets for natural gas have always been the answer and are critical if we want to insure the long term viability of domestic gas production in the Barnett, Haynesville, Marcellus, and Fayetteville shales. The adoption of clean burning natural gas for electric generation, appliances operation and transportation in consumer markets close to these sources of production offers improved energy value to the consumer while increasing local jobs, taxes and halts the transfer of wealth out of these local markets in pursuit of less efficient distant energy options.

Natural gas should be the best economic choice for major metro markets located close to newly discovered major shale gas fields. The infrastructure to deliver natural gas to these markets already exists. Leveraging the economic advantage of proximity could require changes. Those changes may involve shortening the supply chain with modifications to allow direct sales by processors to consumers, greater access to common carrier pipelines and retail distribution networks. By decreasing the retail cost to the consumer for locally produced natural gas, you create an attractive alternative to other energy options, expand use and grow market size.

Locally produced, clean burning natural gas should be the preferred choice by consumers and business in major producing markets. Marketing natural gas in these markets is critical. It takes education, natural gas conversion products, support services and lowered regulatory impediments. In Texas, a major natural gas producer, home to the Barnett Shale and portions of the Haynesville Shale natural gas plays, use of natural gas has seen an over 20% decline in the 10 years ending 2007 according to the fed's Energy Information Administration. Natural gas use in Texas has clearly been influenced by seasonal use patterns, with natural gas frequently the preferred choice for heating, cooking and hot water. Products and markets by electric providers have continuously chiseled market share from natural gas. It is time that the natural gas industry step back into product marketing. Natural gas powered refrigerators, stoves, transportation, and site generated electricity can offer the consumer great efficiencies.

Natural gas pipelines already exist to deliver energy direct to major metropolitan markets. Because natural gas is converted at the point of use, it avoids the waste inherent with electric transmission, a loss as high as 50% that consumers pay for.

Gas, oil and coal fired utility power plants, even wind and utility grade solar share the reliance on power lines and thus share in the 50% inefficiency of power line loss. Large wind farms being constructed in West Texas are 300 miles or more away from major metro markets in state designated "Competitive Renewable Energy Zones" (CREZ areas). Power lines and supporting infrastructure are being built to bring wind generated megawatt power to major Texas markets like Dallas, Fort Worth, San Antonio, Houston and Austin from state designated CREZ areas at an estimated cost of $1.5 million per construction mile by 2012.

All US and Texas metropolitan markets are already served by natural gas pipelines that deliver full energy value to consumers without line loss. One of the greatest advantages to natural gas and oil is transportation loss via pipeline is less than the 50% transmission line loss of electricity, however produced.

Site converted or produced energy gains a 50% advantage over remotely produced and transmitted electricity. Green or not 50% waste isn't competitive. Natural gas, transmitted via pipeline to the end user and converted directly on-site is both efficient and clean. Use of site located natural gas electric generation would avoid transmission line loss, grid overloading and create a growing healthy market for locally produced natural gas using existing infrastructure.

While proponents of central power plant electric generation might say that small, site located, generators are less efficient, greater use of site located generators offers plenty of additional infrastructure benefits including the decentralization of the power grid and incremental grid expansion based on local need. It is time to rethink and act.

Natural Gas Needs to Get Back In Marketing

For Immediate Release:

Dallas, TX - March 14, 2009 - The price of natural gas is critically low for producers in the Barnett, Haynesville, Marcellus, and Fayetteville Shales. Recent reports indicate drilling activity in these newly discovered domestic gas plays has seen huge declines in recent months. Wells in the Barnett Shale, Haynesville Shale, Marcellus Shale, and Fayetteville Shale will may not be able to sustain production at prices below breakeven for long. Community tax bases will suffer. Resources and personnel could be forced to move on to other locations, domestic and international. Royalty owners will lose income. Exploration, drilling and production will quickly dry up. Production costs in most of these plays exceed the current $4/MMBtu market price. Most operators require at least $5-$6/MMBtu as a minimum to maintain profitable production. Unconventional gas plays in shale require special expertise, equipment and additional completion techniques that simply cost more cash to economically recover the resource. A $7-$10/MMBtu price should be a policy objective that keeps the domestic industry healthy and contributes to further exploration and US energy independence. The US economy and security may depend on bringing these clean burning gas discoveries in the Barnett Shale, Haynesville Shale, Marcellus Shale, and Fayetteville Shale to market profitably. With price a function of supply and demand, we are seeing a greater supply than demand. That has to change.

The real problem may be marketing. Natural gas producers will need to team up with utilities and product manufacturers to aggressively market their products in metro markets close to these plays. Communities and utilities that benefit should contribute to the effort with incentives and education programs. The quickest solution may be to build stronger local markets for natural gas. Products have to be developed, converted and heavily marketed. In homes, gas heating, cooking, water heating, refrigerators, grills, fireplaces and even backup generators need to regain market share. Electric vs Gas price models need to be advertised. Consumers need to see gas as the clean burning alternative to coal/oil generated electric on a local basis.

According to Lokke Advertising, CEO, Don Lokke, Jr. "Natural gas, locally produced, is critical to energy independence and local economies. Cities and utilities need to embrace the economies of local energy independence. Cities and consumers need to start thinking on a local or regional basis with regard to natural gas consumption. It is most economical when produced and used locally. Gas producing markets need to encourage use of natural gas. The regional economy benefits from lower cost energy, greater direct and indirect tax revenue, increased jobs, and a net decrease in wealth transfer out of the region."

"Local producers face increasing competition form LNG imports and alternative fuels. All the more reason for natural gas producers lead their sector in consumer education and product programs. The clean burning natural gas industry, as a whole, needs to actively support competitive incentives that build profitable local markets. Decreased cost of transportation to nearby metro areas, should offer a competitive advantage for locally produced natural gas. Yet, natural gas use has declined in the face of aggressive marketing and infrastructure investment over the last 50 years by electric utilities at the consumer level. Gas stoves, ovens, refrigerators and water heaters have been replaced in favor of electric alternatives. As a marketing resource and advertising agency, our primary concern is the oil and gas sector. It's our job to identify markets and products that make sense for our clients and the consumer. We aren't talking 'spin' or politically correct justifications. We are looking for sustainable markets that strengthen local and regional economies." according to Lokke.

Lokke Advertising, founded in 1978, is active in the oil, gas and energy sectors with online energy news and web site networks. An Advertising Red Book listed agency for over 21 years, the one man agency/consultancy, out of Dallas has worked with Fortune 500, mid-cap, and small-cap clients for over 30 years. The agency web site is located at www.LokkeAdvertising.com.

Lokke Advertising Completes Agreement with Gulftex Operating, Inc. and TBX Resources, Inc.

March 9, 2009 - Dallas, Texas - Gulftex Operating, Inc., TBX Resources, Inc. and Lokke Advertising announce the completion of an agency agreement. Lokke Advertising is slated to provide advertising, public relations, internet and marketing services for Gulftex Operating, Inc. and TBX Resources, Inc into 2010.

According to Gulftex Operating, Inc. President, Tim Burroughs, "Lokke Advertising is a solid match for Gulftex and TBX Resources, Inc. We needed a lean, fast response capability that enables us to reach our industry and communicate with the communities where we are growing. We were looking for an organization that could help us address online and traditional communication channels more effectively. Lokke Advertising matches our energy and enables us to address multiple communication objectives in minutes if necessary."

Don Lokke, Jr. CEO, Lokke Advertising adds, "Gulftex Operating, Inc. and TBX Resources, Inc. are a perfect fit for our petroleum focused resources and capabilities. I look forward to working with Tim Burroughs and their management teams. Gulftex Operating, Inc. and TBX Resources, Inc. have the kind of reputation and record of success we are proud to represent. They have been responsible stewards of investor capital and our energy resources. We hope to provide channels, strategies and creative solutions to enable Gulftex and TBX to better communicate in communities where they are making investments and providing jobs."

ABOUT GULFTEX OPERATING, INC.

In 1996 Gulftex Operating, Inc. became a contract operator to TBX Resources, Inc. with over 100 operating wells in East Texas and Louisiana. Today Gulftex Operating, Inc. has a successful exploration, drilling and production track record participating in over 35 wells in the Barnett Shale. The Gulftex record includes an impressive 19 wells in the core area of the Barnett Shale. Tim Burroughs, President of Gulftex Operating, Inc. has spent the last 14 years building Gulftex Operating, Inc. Top energy companies including XTO Energy, Crusader Energy, Devon Energy, Conoco Phillips, Encana and others have partnered with Gulftex Operating, Inc. on Barnett Shale projects.

The Gulftex Operating, Inc. has a primary focus on the development of conventional and unconventional resource plays which includes the application of horizontal drilling and cutting edge completion technology aimed at developing shale and tight sand reservoirs. The Gulftex assets are located in various domestic basins, the majority of which are in the Ft. Worth Basin, Barnett Shale.

For other information regarding Gulftex Operating, Inc., please visit the Company's Internet Web site at http://www.GulftexOperating.com.

ABOUT LOKKE ADVERTISING

Founded in 1979 by Don Lokke Jr., Lokke Advertising has been an Advertising Red Book registered agency for over 21 years. Today the company is still privately owned and headed by Lokke. Lokke Advertising is known for leveraged communication networks in housing, manufacturing, retailing, entertainment, sports and energy. The agency currently delivers over $9 billion in new business leads to clients each year. Lokke Advertising has served as consultant and facilitator to Fortune 500, mid-cap and small cap companies, leveraging online markets for the last 14 years. Lokke has been extremely successful in melding traditional communication channels with industry targeted digital channels.

The growing Lokke Energy Network consists of over 24 proprietary oil and gas portals, rss newsfeeds, media databases, and targeted communication channels. Energy clients tap into Lokke communication networks, alliances, strategies and benefit from instant global exposure. With over 31 years in advertising, Lokke Advertising made a 100% commitment to serve the petroleum industry in 2007 and is heavily committed to the oil and gas sector. Lokke Advertising continues to make major investments in expanding it's ability to serve oil and gas clients.

FORWARD-LOOKING STATEMENT DISCLOSURE

This press release contains "forward-looking statements" within the meaning of the Federal securities laws and regulations. Forward-looking statements are estimates and predictions by management about the future outcome of events and conditions that could affect Gulftex's business, financial condition and results of operations. We use words such as, "will," "should," "could," "plans," "expects," "likely," "anticipates," "intends," "believes," "estimates," "may," and other words of similar expression to indicate forward-looking statements.

There is no assurance that the estimates and predictions contained in our forward-looking statements will occur or be achieved as predicted. Any number of factors could cause actual results to differ materially from those referred to in a forward-looking statement, including drilling risks, operating hazards and other uncertainties inherent in the exploration for, and development and production of, oil and natural gas; volatility in oil and natural gas prices, including the adverse impact of lower prices on the amount of our cash flow available to meet capital expenditures, our ability to borrow and raise capital and on the values attributed to our proven reserves; drilling and operating risks in the unconventional shales and other reservoirs in which we operate, including uncertainties in interpreting engineering, reservoir and reserve data; the availability of technical personnel and drilling equipment; the timing and installation of processing and treatment facilities, third-party pipelines and other transportation facilities and equipment; changes in interest rates; and increasing production costs and other expenses.

Further information on risks and uncertainties affecting our business is described under Risk Factors are available in our reports filed with the SEC which are incorporated by this reference as though fully set forth herein. We undertake no obligation to publicly update or revise any forward-looking statement.

SOURCE: Gulftex Operating, Inc.

Contact:
Tim Burroughs, CEO
Gulftex Operating, Inc.
3030 LBJ Freeway Suite 1320 LB#47
Dallas, Texas 75243
972-243-2613

Contact:
Don Lokke, Jr, CEO
Lokke Advertising
7721 El Padre Lane
Dallas, Texas 75248
972-490-5167

Eric Schmitz, C.P.L. Joins Gulftex Operating, Inc. and TBX Resources, Inc.

Eric Schmitz, C.P.L. Joins Gulftex Operating, Inc. and TBX Resources, Inc.

March 10, 2009 - Dallas, Texas - Gulftex Operating, Inc. announces, Eric Schmitz, C.P.L. has joined Gulftex Operating, Inc. as Vice President of Land and will also serve as adviser to TBX Resources, Inc.

"After having worked with Eric Schmitz as an Independent Consultant, we immediately recognized the value in adding his experience and talent to Gulftex Operating, Inc. on a permanent basis. We are making a huge commitment to acquisitions in 2009 and beyond. Finding and acquiring key properties that expand our portfolio is critical. Eric has the experience to help us target assets across the southwestern United States and beyond. As a Certified Landman, Eric brings years of experience in the field and is a major management asset to the organization." according to Gulftex Operating, Inc. President, Tim Burroughs.

Schmitz has over 33 years experience in Petroleum Land Acquisition and Management. Schmitz has recently served as Vice President of Land for Caspen Oil Company, in Dallas, Texas. Prior positions included contract and management positions with Meridian Oil Company (Burlington Resources), The Hill Trust in Ft. Worth, Texas, Andover Oil Company (Santa Fe Minerals) in Tulsa, OK and the Texas Railroad Commission - Oil and Gas Division. Most recently Eric served as a Contract Land Consultant to various companies and individuals. As an Independent Consultant, Schmitz has managed Non-Operated Working, Royalty and Mineral Interests across the US and around the world before accepting his current position with Gulftex Operating, Inc. and TBX Resources, Inc.

Eric Schmitz holds a Bachelors of Business Administration with an emphasis in Petroleum Land Management from the University of Texas. Eric is a Certified Professional Landman / A.A.P.L., holds a Texas Real Estate Broker's License, and is a member of the Dallas and Fort Worth Chapters of AAPL.

ABOUT GULFTEX OPERATING, INC.

In 1996 Gulftex Operating, Inc. became a contract operator to TBX Resources, Inc. with over 100 operating wells in East Texas and Louisiana. Today Gulftex Operating, Inc. has a successful exploration, drilling and production track record participating in over 35 wells in the Barnett Shale. The Gulftex record includes an impressive 19 wells in the core area of the Barnett Shale. Tim Burroughs, President of Gulftex Operating, Inc. has spent the last 14 years building Gulftex Operating, Inc. Top energy companies including XTO Energy, Crusader Energy, Devon Energy, Conoco Phillips, Encana and others have partnered with Gulftex Operating, Inc. on Barnett Shale projects.

The Gulftex Operating, Inc. has a primary focus on the development of conventional and unconventional resource plays which includes the application of horizontal drilling and cutting edge completion technology aimed at developing shale and tight sand reservoirs. The Gulftex assets are located in various domestic basins, the majority of which are in the Ft. Worth Basin, Barnett Shale.

For other information regarding Gulftex Operating, Inc., please visit the Company's Internet Web site at http://www.GulftexOperating.com.

FORWARD-LOOKING STATEMENT DISCLOSURE

This press release contains "forward-looking statements" within the meaning of the Federal securities laws and regulations. Forward-looking statements are estimates and predictions by management about the future outcome of events and conditions that could affect Gulftex's business, financial condition and results of operations. We use words such as, "will," "should," "could," "plans," "expects," "likely," "anticipates," "intends," "believes," "estimates," "may," and other words of similar expression to indicate forward-looking statements.

There is no assurance that the estimates and predictions contained in our forward-looking statements will occur or be achieved as predicted. Any number of factors could cause actual results to differ materially from those referred to in a forward-looking statement, including drilling risks, operating hazards and other uncertainties inherent in the exploration for, and development and production of, oil and natural gas; volatility in oil and natural gas prices, including the adverse impact of lower prices on the amount of our cash flow available to meet capital expenditures, our ability to borrow and raise capital and on the values attributed to our proven reserves; drilling and operating risks in the unconventional shales and other reservoirs in which we operate, including uncertainties in interpreting engineering, reservoir and reserve data; the availability of technical personnel and drilling equipment; the timing and installation of processing and treatment facilities, third-party pipelines and other transportation facilities and equipment; changes in interest rates; and increasing production costs and other expenses.

Further information on risks and uncertainties affecting our business is described under Risk Factors are available in our reports filed with the SEC which are incorporated by this reference as though fully set forth herein. We undertake no obligation to publicly update or revise any forward-looking statement.

SOURCE: Gulftex Operating, Inc.

Contact:
Tim Burroughs, CEO
Gulftex Operating, Inc.
3030 LBJ Freeway Suite 1320 LB#47
Dallas, Texas 75243
972-243-2613

Don Lokke, Media Relations
Lokke Advertising
Don@LokkeAdvertising.com
972-490-5167

Gulftex Operating, Inc. Has Completed Negotiations with The Williams Companies for Additional Barnett Acreage

Dallas, Texas - February 20, 2009 - Gulftex Operating, Inc., announces that it has completed negotiations with The Williams Companies, Inc. (NYSE:WMB) Tulsa, Oklahoma for additional acreage in the most prolific core area of the Barnett Shale. Talks were centered on Denton county tracts jointly held with Williams. Gulftex Operating, Inc. is actively drilling and operating wells in the Barnett Shale core area of Denton County, Texas. Most recently Gulftex Operating, Inc. has worked with Crusader Energy Group Inc. (Amex: KRU) Oklahoma City, Oklahoma and XTO Energy (NYSE:XTO) Fort Worth, Texas completing the McClendon #2-H.

Gulftex Operating, Inc. plans at least 4 additional wells in 2009 targeting the core area of the Barnett Shale. Plans include an offsetting Frenchtown #2-H in 2009 and others. "A key factor in our agreements with companies like XTO Energy and The Williams Companies", according to Gulftex Operating, Inc. CEO, Tim Burroughs, "is our success record and care in selecting top completion contractors that can provide the experienced oversight, critical to insuring optimal production and economic drilling. With lower gas prices, experience can make all the difference in the outcome. We want to be the lowest cost producer in the field."

Tim Burroughs, CEO of Gulftex Operating, Inc. notes, "Gulftex drilling operations alone produce income and jobs for over 150 local suppliers. Generally speaking, over $1 million will be invested locally in each well completed. Gulftex Operating, Inc, continues to contribute millions to the local economy through the years, as our wells successfully produce oil and gas. Communities receive taxes and fees, landowners receive royalty checks and local businesses continue to earn income providing necessary services to keep the wells producing and energy flowing. The exploration and production of the Barnett Shale formation is critical to the local economy directly and indirectly effecting every family in the region. We are always looking for new opportunities in the Barnett Shale and markets for our natural gas production."

ABOUT GULFTEX OPERATING, INC.

In 1996 Gulftex Operating, Inc. became a contract operator to TBX Resources, Inc. with over 100 operating wells in East Texas and Louisiana. Today Gulftex Operating, Inc. has a successful exploration, drilling and production track record participating in over 35 wells in the Barnett Shale. The Gulftex record includes an impressive 20 wells in the core area of the Barnett Shale. Tim Burroughs, President of Gulftex Operating, Inc., has spent the last 14 years building Gulftex Operating, Inc. Top energy companies including XTO Energy, Crusader Energy, Devon Energy, Conoco Phillips, Encana and others have partnered with Gulftex Operating, Inc. on numerous Barnett Shale projects.

The Gulftex Operating, Inc. has a primary focus on the development of conventional and unconventional resource plays which includes the application of horizontal drilling and cutting edge completion technology aimed at developing shale and tight sand reservoirs. The Gulftex assets are located in various domestic basins, the majority of which are in the Ft. Worth Basin, Barnett Shale.

For other information regarding Gulftex Operating, Inc., please visit the Company's Internet Web site at http://www.GulftexOperating.com.

FORWARD-LOOKING STATEMENT DISCLOSURE

This press release contains "forward-looking statements" within the meaning of the Federal securities laws and regulations. Forward-looking statements are estimates and predictions by management about the future outcome of events and conditions that could affect Gulftex's business, financial condition and results of operations. We use words such as, "will," "should," "could," "plans," "expects," "likely," "anticipates," "intends," "believes," "estimates," "may," and other words of similar expression to indicate forward-looking statements.

There is no assurance that the estimates and predictions contained in our forward-looking statements will occur or be achieved as predicted. Any number of factors could cause actual results to differ materially from those referred to in a forward-looking statement, including drilling risks, operating hazards and other uncertainties inherent in the exploration for, and development and production of, oil and natural gas; volatility in oil and natural gas prices, including the adverse impact of lower prices on the amount of our cash flow available to meet capital expenditures, our ability to borrow and raise capital and on the values attributed to our proven reserves; drilling and operating risks in the unconventional shales and other reservoirs in which we operate, including uncertainties in interpreting engineering, reservoir and reserve data; the availability of technical personnel and drilling equipment; the timing and installation of processing and treatment facilities, third-party pipelines and other transportation facilities and equipment; changes in interest rates; and increasing production costs and other expenses.

Further information on risks and uncertainties affecting our business is described under Risk Factors and is available in our reports filed with the SEC which are incorporated by this reference as though fully set forth herein. We undertake no obligation to publicly update or revise any forward-looking statement.

SOURCE Gulftex Operating, Inc.

Contact:
Tim Burroughs, CEO
Gulftex Operating, Inc.
3030 LBJ Freeway Suite 1320 LB#47
Dallas, Texas 75243
972-243-2613

Don Lokke, Media Relations
Lokke Advertising
Don@LokkeAdvertising.com
972-490-5167

Ronald H Abreu Joins Gulftex Operating, Inc. and TBX Resources, Inc.

February 25, 2009 - Dallas, Texas - Gulftex Operating, Inc. announces, Ronald H. Abreu has agreed to serve as Adviser to both Gulftex Operating, Inc. and TBX Resources, Inc. With over 40 years as a senior executive, Mr. Abreu has diverse experience in management. His consulting insight will be a valuable resource for Gulftex Operating, Inc. and TBX Resources, Inc.

Ronald H. Abreu has been involved with a wide variety of businesses across numerous industries. Mr. Abreu served as CEO for over ten years successfully guiding two growing retail chains to become leaders in their categories. He has successfully operated a consulting business, including interim assignments, for more than fifteen years. His clients ranged from $30 million to $1 billion in sales with 20 to 600 stores. Firms served have included startup ventures as well as established public and privately owned companies.

Mr. Abreu has held interim positions in private and publicly owned companies, and has served as interim CEO and General Manager for various retail and wholesale distribution firms. Many assignments have been in conjunction with a variety of Venture Capital, Banking and Public Accounting organizations.

Ronald H. Abreu's distinguished career includes serving as Adviser to Boards of Directors for publicly owned companies as well as having consulted for more than fifty different organizations. He has guided projects that included: acquisitions, divestitures, reorganizations, restructuring, strategic planning and business plans. According to Gulftex Operating, Inc. President and CEO, Tim Burroughs, "Ron will be a valuable asset to our organization. We are fortunate that Ron has agreed to serve as a business Adviser on critical projects and strategies."

ABOUT GULFTEX OPERATING, INC.

In 1996 Gulftex Operating, Inc. became a contract operator to TBX Resources, Inc. with over 100 operating wells in East Texas and Louisiana. Today Gulftex Operating, Inc. has a successful exploration, drilling and production track record participating in over 35 wells in the Barnett Shale. The Gulftex record includes an impressive 19 wells in the core area of the Barnett Shale. Tim Burroughs, President of Gulftex Operating, Inc. has spent the last 14 years building Gulftex Operating, Inc. Top energy companies including XTO Energy, Crusader Energy, Devon Energy, Conoco Phillips, Encana and others have partnered with Gulftex Operating, Inc. on Barnet Shale projects.

The Gulftex Operating, Inc. has a primary focus on the development of conventional and unconventional resource plays which includes the application of horizontal drilling and cutting edge completion technology aimed at developing shale and tight sand reservoirs. The Gulftex assets are located in various domestic basins, the majority of which are in the Ft. Worth Basin, Barnett Shale.

For other information regarding Gulftex Operating, Inc., please visit the Company's Internet Web site at http://www.GulftexOperating.com.

FORWARD-LOOKING STATEMENT DISCLOSURE

This press release contains "forward-looking statements" within the meaning of the Federal securities laws and regulations. Forward-looking statements are estimates and predictions by management about the future outcome of events and conditions that could affect Gulftex's business, financial condition and results of operations. We use words such as, "will," "should," "could," "plans," "expects," "likely," "anticipates," "intends," "believes," "estimates," "may," and other words of similar expression to indicate forward-looking statements.

There is no assurance that the estimates and predictions contained in our forward-looking statements will occur or be achieved as predicted. Any number of factors could cause actual results to differ materially from those referred to in a forward-looking statement, including drilling risks, operating hazards and other uncertainties inherent in the exploration for, and development and production of, oil and natural gas; volatility in oil and natural gas prices, including the adverse impact of lower prices on the amount of our cash flow available to meet capital expenditures, our ability to borrow and raise capital and on the values attributed to our proven reserves; drilling and operating risks in the unconventional shales and other reservoirs in which we operate, including uncertainties in interpreting engineering, reservoir and reserve data; the availability of technical personnel and drilling equipment; the timing and installation of processing and treatment facilities, third-party pipelines and other transportation facilities and equipment; changes in interest rates; and increasing production costs and other expenses.

Further information on risks and uncertainties affecting our business is described under Risk Factors are available in our reports filed with the SEC which are incorporated by this reference as though fully set forth herein. We undertake no obligation to publicly update or revise any forward-looking statement.

SOURCE: Gulftex Operating, Inc.

Contact:
Tim Burroughs, CEO
Gulftex Operating, Inc.
3030 LBJ Freeway Suite 1320 LB#47
Dallas, Texas 75243
972-243-2613

Don Lokke, Media Relations
Lokke Advertising
Don@LokkeAdvertising.com
972-490-5167

Gulftex Operating, Inc. Has Completed Negotiations with Devon Energy Corporation for Additional Barnett Acreage

Dallas, Texas - February 24, 2009 - Gulftex Operating, Inc., announces that it has completed negotiations with Devon Energy Corporation. (NYSE:DVN) Oklahoma City, Oklahoma for additional acreage in the most prolific portion of the core area in the Barnett Shale. Talks were centered on Denton county tracts jointly held with Devon. Gulftex Operating, Inc. is actively drilling and operating wells in Denton County, the core area of the Barnett Shale in Texas. Most recently Gulftex Operating, Inc. has worked with Crusader Energy Group Inc. (Amex: KRU) Oklahoma City, Oklahoma and XTO Energy (NYSE:XTO) Fort Worth, Texas completing the McClendon #2-H. Negotiations with Devon follow a successful acquisition of acreage from The Williams Companies, also in the core area of the Barnett Shale.

Devon Energy Corporation maintains the dominant lease position with more than 715,000 net acres in the Barnett Shale. Devon has increased its Barnett production to more than 1 billion cubic feet per day. Devon accounts for nearly a quarter of the field's overall daily production of more than 4 billion cubic feet of natural gas equivalent. The agreement with Devon Energy Corporation provides Gulftex Operating, Inc. an opportunity to extend it's success in the Barnett Shale.

Five wells are slated for completion in 2009 by Gulftex Operating, Inc. targeting the core area of the Barnett Shale. Plans include an offsetting Frenchtown #2-H in 2009 and others. "A key factor in our agreements with companies like The Williams Companies and Devon Energy Corporation", according to Gulftex Operating, Inc. CEO, Tim Burroughs, "is our success record. By selecting top completion contractors, we can concentrate on providing the experienced oversight, critical to insuring optimal production and economic drilling. With lower gas prices, experience can make all the difference in the outcome. We are working to be the lowest cost producer, with the best record in the field."

Tim Burroughs, CEO of Gulftex Operating, Inc. notes, "Gulftex drilling operations alone produce income and jobs for over 150 local suppliers. Generally speaking, over $1 million will be invested locally in each well completed. Gulftex Operating, Inc, continues to contribute millions to the local economy through the years, as our wells successfully produce oil and gas. Communities receive taxes and fees, landowners receive royalty checks and local businesses continue to earn income providing necessary services to keep the wells producing and energy flowing. The exploration and production of the Barnett Shale formation is critical to the local economy directly and indirectly effecting every family in the region. We are always looking for new opportunities in the Barnett Shale and markets for our natural gas production."

ABOUT GULFTEX OPERATING, INC.

In 1996 Gulftex Operating, Inc. became a contract operator to TBX Resources, Inc. with over 100 operating wells in East Texas and Louisiana. Today Gulftex Operating, Inc. has a successful exploration, drilling and production track record participating in over 35 wells in the Barnett Shale. The Gulftex record includes an impressive 20 wells in the core area of the Barnett Shale. Tim Burroughs, President of Gulftex Operating, Inc., has spent the last 14 years building Gulftex Operating, Inc. Top energy companies including XTO Energy, Crusader Energy, Devon Energy, Conoco Phillips, Encana and others have partnered with Gulftex Operating, Inc. on numerous Barnett Shale projects.

The Gulftex Operating, Inc. has a primary focus on the development of conventional and unconventional resource plays which includes the application of horizontal drilling and cutting edge completion technology aimed at developing shale and tight sand reservoirs. The Gulftex assets are located in various domestic basins, the majority of which are in the Ft. Worth Basin, Barnett Shale.

For other information regarding Gulftex Operating, Inc., please visit the Company's Internet Web site at http://www.GulftexOperating.com.

FORWARD-LOOKING STATEMENT DISCLOSURE

This press release contains "forward-looking statements" within the meaning of the Federal securities laws and regulations. Forward-looking statements are estimates and predictions by management about the future outcome of events and conditions that could affect Gulftex's business, financial condition and results of operations. We use words such as, "will," "should," "could," "plans," "expects," "likely," "anticipates," "intends," "believes," "estimates," "may," and other words of similar expression to indicate forward-looking statements.

There is no assurance that the estimates and predictions contained in our forward-looking statements will occur or be achieved as predicted. Any number of factors could cause actual results to differ materially from those referred to in a forward-looking statement, including drilling risks, operating hazards and other uncertainties inherent in the exploration for, and development and production of, oil and natural gas; volatility in oil and natural gas prices, including the adverse impact of lower prices on the amount of our cash flow available to meet capital expenditures, our ability to borrow and raise capital and on the values attributed to our proven reserves; drilling and operating risks in the unconventional shales and other reservoirs in which we operate, including uncertainties in interpreting engineering, reservoir and reserve data; the availability of technical personnel and drilling equipment; the timing and installation of processing and treatment facilities, third-party pipelines and other transportation facilities and equipment; changes in interest rates; and increasing production costs and other expenses. Further information on risks and uncertainties affecting our business is described under Risk Factors and is available in our reports filed with the SEC which are incorporated by this reference as though fully set forth herein. We undertake no obligation to publicly update or revise any forward-looking statement.

SOURCE Gulftex Operating, Inc.

Contact:
Tim Burroughs, CEO
Gulftex Operating, Inc.
3030 LBJ Freeway Suite 1320 LB#47
Dallas, Texas 75243
972-243-2613

Don Lokke, Media Relations
Lokke Advertising
Don@LokkeAdvertising.com
972-490-5167

Gulftex Operating, Inc., Frenchtown #1-H Horizontal Well Nears Completion in Denton County, Texas

Dallas, Texas - February 19, 2008 - Gulftex Operating, Inc., a joint venture partner and operator for XTO Energy (NYSE:XTO) Fort Worth, Texas announces the Frenchtown #1-H Horizontal Well located in the core area of the Barnett Shale in Denton County, Texas has successfully reached a total measured depth (TMD) of 12,506' and is nearing final completion. As the Gulftex drilling team entered the lower and upper Barnett Shale, they recorded numerous gas kicks of around 1800 units.

The Frenchtown #1-H Horizontal Well marks the first of at least five planned completions in 2009 for Gulftex Operating, Inc. targeting the core area of the Barnett Shale. The Frenchtown #2-H Horizontal Well is the 20th successful well for Gulftex Operating, Inc. in the formation. "A key factor in our agreements with companies like XTO Energy", according to Gulftex Operating, Inc. CEO, Tim Burroughs, "is that we are very careful to select top completion contractors and provide experienced oversight, critical to insuring optimal production and economic exploration. We want to be the lowest cost producer in the field."

The Frenchtown #1-H Horizontal Well follows the recent, highly successful completion of Gulftex Operating's McClendon #2-H also in Denton County, Texas. On the McClendon #2-H, Gulftex Operating, Inc. served as contract operator and driller for Crusader Energy Group Inc. (Amex: KRU), Oklahoma City, Oklahoma and XTO Energy (NYSE:XTO), Fort Worth, Texas.

Tim Burroughs, CEO of Gulftex Operating, Inc. notes, "Gulftex drilling operations alone produce income and jobs for over 150 local suppliers. Generally speaking, over $1 million will be invested locally in each well completed. Gulftex Operating, Inc, continues to contribute millions to the local economy through the years as our wells successfully produce oil and gas. Communities receive taxes and fees, landowners receive royalty checks and local businesses continue to earn income providing necessary services to keep the wells producing and energy flowing. The exploration and production of the Barnett Shale formation is critical to the local economy directly and indirectly effecting every family in the region. We are always looking for new opportunities in the Barnett Shale and markets for our natural gas production."

ABOUT GULFTEX OPERATING, INC.

In 1996 Gulftex Operating, Inc. became a contract operator to TBX Resources, Inc. with over 100 operating wells in East Texas and Louisiana. Today Gulftex Operating, Inc. has a successful exploration, drilling and production track record participating in over 35 wells in the Barnett Shale. The Gulftex record includes an impressive 20 wells in the core area of the Barnett Shale. Tim Burroughs, President of Gulftex Operating, Inc., has spent the last 14 years building Gulftex Operating, Inc. Top energy companies including XTO Energy, Crusader Energy, Devon Energy, Conoco Phillips, Encana and others have partnered with Gulftex Operating, Inc. on Barnett Shale projects. The Gulftex Operating, Inc. has a primary focus on the development of conventional and unconventional resource plays which includes the application of horizontal drilling and cutting edge completion technology aimed at developing shale and tight sand reservoirs. The Gulftex assets are located in various domestic basins, the majority of which are in the Ft. Worth Basin, Barnett Shale.

For other information regarding Gulftex Operating, Inc., please visit the Company's Internet Web site at http://www.GulftexOperating.com.

FORWARD-LOOKING STATEMENT DISCLOSURE

This press release contains "forward-looking statements" within the meaning of the Federal securities laws and regulations. Forward-looking statements are estimates and predictions by management about the future outcome of events and conditions that could affect Gulftex's business, financial condition and results of operations. We use words such as, "will," "should," "could," "plans," "expects," "likely," "anticipates," "intends," "believes," "estimates," "may," and other words of similar expression to indicate forward-looking statements.

There is no assurance that the estimates and predictions contained in our forward-looking statements will occur or be achieved as predicted. Any number of factors could cause actual results to differ materially from those referred to in a forward-looking statement, including drilling risks, operating hazards and other uncertainties inherent in the exploration for, and development and production of, oil and natural gas; volatility in oil and natural gas prices, including the adverse impact of lower prices on the amount of our cash flow available to meet capital expenditures, our ability to borrow and raise capital and on the values attributed to our proven reserves; drilling and operating risks in the unconventional shales and other reservoirs in which we operate, including uncertainties in interpreting engineering, reservoir and reserve data; the availability of technical personnel and drilling equipment; the timing and installation of processing and treatment facilities, third-party pipelines and other transportation facilities and equipment; changes in interest rates; and increasing production costs and other expenses.

Further information on risks and uncertainties affecting our business is described under Risk Factors are available in our reports filed with the SEC which are incorporated by this reference as though fully set forth herein. We undertake no obligation to publicly update or revise any forward-looking statement.

SOURCE Gulftex Operating, Inc.

Contact:
Tim Burroughs, CEO
Gulftex Operating, Inc.
3030 LBJ Freeway Suite 1320 LB#47
Dallas, Texas 75243
972-243-2613

Don Lokke, Media Relations
Lokke Advertising
Don@LokkeAdvertising.com
972-490-5167

Gulftex Operating, Inc. Announces Completion of the McClendon #2-H

February 5, 2009 - Dallas, Texas - Gulftex Operating, Inc., the contract operator and driller for Crusader Energy Group Inc. (Amex: KRU) out of Oklahoma City, Oklahoma and XTO Energy (NYSE:XTO) out of Fort Worth, Texas, announced the successful completion of McClendon #2-H in the core area of the Barnett Shale, in Denton County, Texas. According to Tim Burroughs, President of Gulftex Operating, Inc., "The McClendon #2-H achieved an initial meter reading of over 5,000 mcf per day." The well was completed to 10,625' total measured depth (TMD) including approximately 2,200' horizontal in the Barnett Shale formation. The McClendon #2-H is the most recent of 19 wells participated in by Gulftex Operating, Inc. in the core area of the Fort Worth Basin.

Tim Burroughs, founder of Gulftex Operating credits the company's hard working team and over 30 individual service providers that contributed to the success of the McClendon #2-H including Liberty Pressure Pumping LP out of Denton County, Texas, a Trican Well Service Company. "We select the most experienced suppliers in the business to insure the best possible results for our partners. The McClendon #2-H is a prime example.", according to Tim Burroughs, Gulftex Operating President. Gulftex Operating's use of cutting edge technology and applications result in enhanced rate and production, a huge advantage at current energy prices.

Gulftex Operating, Inc. has plans to drill at least five additional wells in 2009 targeting the Barnett Shale core area of Denton County and has been aggressively leasing in Denton County, Texas.

The Barnett Shale of the Fort Worth basin is a Mississippian Shale that is the reservoir for one of the largest unconventional gas accumulations in the United States. The Barnett Shale has benefited from the application of technological advances in stimulation and horizontal drilling. While these technologies are not new, their application to the Barnett Shale has resulted in significantly improved economics and opened up new areas previously too expensive to produce. These new advances and applications have resulted in greatly improved rate and reserve profiles. Gulftex Operating, Inc.'s development activities in the Fort Worth Basin are comprised of horizontal drilling and utilizing multi-stage stimulation completion techniques.

ABOUT GULFTEX OPERATING, INC.

In 1996 Gulftex Operating, Inc. became a contract operator to TBX Resources, Inc. with over 100 operating wells in East Texas and Louisiana. Today Gulftex Operating, Inc. has a successful exploration, drilling and production track record participating in over 35 wells in the Barnett Shale. The Gulftex record includes an impressive 19 wells in the core area of the Barnett Shale, Denton County, Texas. Tim Burroughs, President of Gulftex Operating, Inc. has spent the last 14 years building Gulftex Operating, Inc. Top energy companies including XTO Energy, Crusader Energy, Devon Energy, Conoco Phillips, Williams Companies and others have partnered with Gulftex Operating, Inc. on Barnet Shale projects.

The Gulftex Operating, Inc. has a primary focus on the development of conventional and unconventional resource plays which includes the application of horizontal drilling and cutting edge completion technology aimed at developing shale and tight sand reservoirs. The Gulftex assets are located in various domestic basins, the majority of which are in the Ft. Worth Basin, Barnett Shale.

For other information regarding Gulftex Operating, Inc., please visit the Company's Internet Web site at http://www.GulftexOperating.com.

FORWARD-LOOKING STATEMENT DISCLOSURE

This press release contains "forward-looking statements" within the meaning of the Federal securities laws and regulations. Forward-looking statements are estimates and predictions by management about the future outcome of events and conditions that could affect Gulftex's business, financial condition and results of operations. We use words such as, "will," "should," "could," "plans," "expects," "likely," "anticipates," "intends," "believes," "estimates," "may," and other words of similar expression to indicate forward-looking statements.

There is no assurance that the estimates and predictions contained in our forward-looking statements will occur or be achieved as predicted. Any number of factors could cause actual results to differ materially from those referred to in a forward-looking statement, including drilling risks, operating hazards and other uncertainties inherent in the exploration for, and development and production of, oil and natural gas; volatility in oil and natural gas prices, including the adverse impact of lower prices on the amount of our cash flow available to meet capital expenditures, our ability to borrow and raise capital and on the values attributed to our proven reserves; drilling and operating risks in the unconventional shales and other reservoirs in which we operate, including uncertainties in interpreting engineering, reservoir and reserve data; the availability of technical personnel and drilling equipment; the timing and installation of processing and treatment facilities, third-party pipelines and other transportation facilities and equipment; changes in interest rates; and increasing production costs and other expenses.

Further information on risks and uncertainties affecting our business is described under Risk Factors are available in our reports filed with the SEC which are incorporated by this reference as though fully set forth herein. We undertake no obligation to publicly update or revise any forward-looking statement.

SOURCE Gulftex Operating, Inc.

Contact:
Tim Burroughs, CEO
Gulftex Operating, Inc.
3030 LBJ Freeway Suite 1320 LB#47
Dallas, Texas 75243
972-243-2613

Don Lokke, Media Relations
Lokke Advertising
Don@LokkeAdvertising.com
972-490-5167

Paul H. Cheong Joins Gulftex Operating, Inc. and TBX Resources, Inc.

February 19, 2009 - Dallas, Texas - Gulftex Operating, Inc. announces, Paul H. Cheong has joined Gulftex Operating, Inc. as Senior Reservoir Engineer and Exploration Manager. Paul H. Cheong will also serve as an adviser to TBX Resources, Inc.

According to Tim Burroughs, Gulftex Operating, Inc., President, "We felt the time was right to bring in top reservoir engineering talent and Paul Cheong has the kind of expertise we needed to manage our existing assets and help evaluate future opportunities. As Senior Reservoir Engineer and Exploration Manager, Paul will make a huge contribution to our highly skilled management team and the company's aggressive growth plans."

Before joining Gulftex Operating, Inc., Paul Cheong served as Reservoir Surveillance Manager for Exxon/Mobil Production Company of Houston, Texas. There, he was responsible for reservoir engineering support of Middle East, CIS and African assets. Prior to that, Paul was Reservoir Engineering/Technical Manager for Mobil Producing Nigeria in Lagos, Nigeria where he led the Reservoir Engineering department of Mobil's highest-growth E&P affiliate.

Paul spent over 20 years in various capacities for Mobil Oil Corp. including Reservoir Simulation Engineering Planning and Research and Development. Prior to that, Paul was a reservoir engineer for Arabian American Oil Company (ARAMCO) in Saudi Arabia.

Paul Cheong holds a PhD in Chemical Engineering from California Institute of Technology, a Bachelor of Chemical Engineering from the University of Minnesota with High Distinction and Bachelor of Mathematics, University of Minnesota, with High Distinction and is a member of the Society of Petroleum Engineers.

ABOUT GULFTEX OPERATING, INC.

In 1996 Gulftex Operating, Inc. became a contract operator to TBX Resources, Inc. with over 100 operating wells in East Texas and Louisiana. Today Gulftex Operating, Inc. has a successful exploration, drilling and production track record participating in over 35 wells in the Barnett Shale. The Gulftex record includes an impressive 19 wells in the core area of the Barnett Shale. Tim Burroughs, President of Gulftex Operating, Inc., has spent the last 14 years building Gulftex Operating, Inc. Top energy companies including XTO Energy, Crusader Energy, Devon Energy, Conoco Phillips, Encana and others have partnered with Gulftex Operating, Inc. on Barnett Shale projects.

The Gulftex Operating, Inc. has a primary focus on the development of conventional and unconventional resource plays which includes the application of horizontal drilling and cutting edge completion technology aimed at developing shale and tight sand reservoirs. The Gulftex assets are located in various domestic basins, the majority of which are in the Ft. Worth Basin, Barnett Shale.

For other information regarding Gulftex Operating, Inc., please visit the Company's Internet Web site at http://www.GulftexOperating.com.

FORWARD-LOOKING STATEMENT DISCLOSURE

This press release contains "forward-looking statements" within the meaning of the Federal securities laws and regulations. Forward-looking statements are estimates and predictions by management about the future outcome of events and conditions that could affect Gulftex's business, financial condition and results of operations. We use words such as, "will," "should," "could," "plans," "expects," "likely," "anticipates," "intends," "believes," "estimates," "may," and other words of similar expression to indicate forward-looking statements.

There is no assurance that the estimates and predictions contained in our forward-looking statements will occur or be achieved as predicted. Any number of factors could cause actual results to differ materially from those referred to in a forward-looking statement, including drilling risks, operating hazards and other uncertainties inherent in the exploration for, and development and production of, oil and natural gas; volatility in oil and natural gas prices, including the adverse impact of lower prices on the amount of our cash flow available to meet capital expenditures, our ability to borrow and raise capital and on the values attributed to our proven reserves; drilling and operating risks in the unconventional shales and other reservoirs in which we operate, including uncertainties in interpreting engineering, reservoir and reserve data; the availability of technical personnel and drilling equipment; the timing and installation of processing and treatment facilities, third-party pipelines and other transportation facilities and equipment; changes in interest rates; and increasing production costs and other expenses.

Further information on risks and uncertainties affecting our business is described under Risk Factors are available in our reports filed with the SEC which are incorporated by this reference as though fully set forth herein. We undertake no obligation to publicly update or revise any forward-looking statement.

SOURCE: Gulftex Operating, Inc.

Contact: Tim Burroughs, CEO
Gulftex Operating, Inc.
3030 LBJ Freeway Suite 1320 LB#47
Dallas, Texas 75243
972-243-2613

Don Lokke, Media Relations
Lokke Advertising
Don@LokkeAdvertising.com
972-490-5167

Patrick E. Lee Joins Gulftex Operating, Inc. and TBX Resources, Inc.

February 18, 2009 - Dallas, Texas - Gulftex Operating, Inc. announces, Patrick E. Lee has joined Gulftex Operating, Inc. as Senior Acquisitions and New Business Manager. Patrick E. Lee will also serve as adviser to TBX Resources, Inc.

"Patrick Lee's addition to Gulftex Operating, Inc. represents a commitment to growth in 2009 and beyond. We recognize the opportunities to build reserves and expand our portfolio. Patrick has the experience to help us navigate asset values and evaluate potentials in targeted assets. As a professional engineer with strong petroleum and environmental background, Patrick brings years of experience in acquisition and divestiture of reserves, field development studies and economic evaluation of business opportunities." according to Gulftex Operating, Inc. President, Tim Burroughs.

With over 32 years experience Patrick Lee has, most recently been active in capital acquisition, marketing and strategic alliances at Brownfields Capital, LLC in Denver Colorado where he was Managing Director and Partner. His experience in assessment of environmental risk related to mergers, divestiture and acquisition guided clients in his role as Principal with EMC2 and Strategic Environmental Management, LLC. While Manager of Environmental Engineering for Phelps Dodge and Cyprus Amax he provided technical direction and program management for the nation-wide remedial operations budgeted at $100 million covering 17 states and over 50 sites. He successfully negotiated and sold the CERCLA Superfund site removing a $17 million liability from the balance sheet.

Patrick Lee holds a Bachelor of Engineering Science (Mechanical) from the University of Western Ontario and Master of Business Administration from the Richard Ivey School of Business, University of Western Ontario.

ABOUT GULFTEX OPERATING, INC.

In 1996 Gulftex Operating, Inc. became a contract operator to TBX Resources, Inc. with over 100 operating wells in East Texas and Louisiana. Today Gulftex Operating, Inc. has a successful exploration, drilling and production track record participating in over 35 wells in the Barnett Shale. The Gulftex record includes an impressive 19 wells in the core area of the Barnett Shale. Tim Burroughs, President of Gulftex Operating, Inc. has spent the last 14 years building Gulftex Operating, Inc. Top energy companies including XTO Energy, Crusader Energy, Devon Energy, Conoco Phillips, Encana and others have partnered with Gulftex Operating, Inc. on Barnet Shale projects.

The Gulftex Operating, Inc. has a primary focus on the development of conventional and unconventional resource plays which includes the application of horizontal drilling and cutting edge completion technology aimed at developing shale and tight sand reservoirs. The Gulftex assets are located in various domestic basins, the majority of which are in the Ft. Worth Basin, Barnett Shale.

For other information regarding Gulftex Operating, Inc., please visit the Company's Internet Web site at http://www.GulftexOperating.com.

FORWARD-LOOKING STATEMENT DISCLOSURE

This press release contains "forward-looking statements" within the meaning of the Federal securities laws and regulations. Forward-looking statements are estimates and predictions by management about the future outcome of events and conditions that could affect Gulftex's business, financial condition and results of operations. We use words such as, "will," "should," "could," "plans," "expects," "likely," "anticipates," "intends," "believes," "estimates," "may," and other words of similar expression to indicate forward-looking statements.

There is no assurance that the estimates and predictions contained in our forward-looking statements will occur or be achieved as predicted. Any number of factors could cause actual results to differ materially from those referred to in a forward-looking statement, including drilling risks, operating hazards and other uncertainties inherent in the exploration for, and development and production of, oil and natural gas; volatility in oil and natural gas prices, including the adverse impact of lower prices on the amount of our cash flow available to meet capital expenditures, our ability to borrow and raise capital and on the values attributed to our proven reserves; drilling and operating risks in the unconventional shales and other reservoirs in which we operate, including uncertainties in interpreting engineering, reservoir and reserve data; the availability of technical personnel and drilling equipment; the timing and installation of processing and treatment facilities, third-party pipelines and other transportation facilities and equipment; changes in interest rates; and increasing production costs and other expenses.

Further information on risks and uncertainties affecting our business is described under Risk Factors are available in our reports filed with the SEC which are incorporated by this reference as though fully set forth herein. We undertake no obligation to publicly update or revise any forward-looking statement.

SOURCE: Gulftex Operating, Inc.

Contact:
Tim Burroughs, CEO
Gulftex Operating, Inc.
3030 LBJ Freeway Suite 1320 LB#47
Dallas, Texas 75243
972-243-2613

Don Lokke, Media Relations
Lokke Advertising
Don@LokkeAdvertising.com
972-490-5167