Business Description TIDELANDS OIL & GAS CORP (TIDE) has two operating subsidiaries named Tidelands Oil Corporation (TOC) and Tidelands Gas Corporation (TGC), both Texas corporations. Tidelands Oil Corporation has devoted virtually all of its efforts to acquiring control of leases which comprise the remaining portion of the Sacatosa Field in Maverick County, Texas. This acreage is located on the Ewing Halsell Foundation Ranch also known as the Farias Ranch. Tidelands Gas Corporation was formed primarily for the purpose of acquiring the Delhi Pipeline System for use as a gas transportation outlet for the shallow gas reserves underlying Tideland’s leases.
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