PRLog - Nov. 21, 2008 - SPICEWOOD, Texas -- Waylan R Johnson, CEO/Owner of Texas Energy Group, LLC has been elected to the position of President for Aztec Oil & Gas, Inc. Mr. Johnson assumed the position of President on November 10, 2008. He will still remain CEO and Owner of Texas Energy Group, LLC.
Mr. Johnson is a highly respected, 21 year industry veteran, who has worked with multiple private and public oil companies in top business and management positions. In 2002 Mr. Johnson founded Texas Energy Group, LLC (TEG) an Austin, Texas based Oil and Gas Exploration and Development Company that specializes in bringing industry prospects to the main stream investor. As Owner and CEO of TEG, Mr. Johnson guides the firm in its pursuit of new exploration programs, in securing contracts with industry partners and in overseeing day-to-day activities. In addition to TEG, Mr. Johnson is founder and CEO of Resaca Resources, the operating arm of TEG.
Frank C. Fisher, Jr., CEO and Chairman of Aztec Oil & Gas, Inc: “I have known Waylan Johnson for years and know that he is a very well respected professional with many years of executive level experience owning and running fast growing oil and gas companies. His significant experience and in-depth knowledge of the industry plus his deal management kills will prove invaluable to Aztec and its shareholders. I am pleased to have him on our team and look forward to working closely with him to help Aztec realize its goals for the next years and beyond.”
Waylan R. Johnson, President of Aztec, CEO/Owner of Texas Energy Group, LLC: “When I was approached by Aztec about the position of President, I was pleased to accept because I have long trusted and admired Aztec’s CEO, Frank Fisher and the way he operates. I believe that I can help Aztec to grow rapidly as we capitalize on the best new opportunities to add value to the company and benefit its shareholders and investors.”
About Texas Energy Group, LLC
Texas Energy Group, LLC (TEG) is committed to creating a vehicle where individual investors can become long term partners who, over a period of time, develop a portfolio of oil and gas properties that generate monthly cash flow and substantial tax write offs. TEG offers its qualified participants, direct undivided working interest positions into new oil and gas well drilling ventures. Through direct participation programs in oil and gas, investors actually own a portion of the well and receive a share of the cash flow it generates via monthly disbursements. TEG acts as the managing entity over the entire process. They begin with their geologists identifying a prospective anomaly by utilizing 3D Seismic technology, they then acquire the mineral leases over the prospect site, work to obtain funding, then begin to operate and drill the well, complete the well, and as a licensed operator Resaca Resources (TEG’s operating arm) is also able to handle the day to day operations and sale of produced gas and oil. Resaca Resources is then responsible for sending out monthly revenue checks to their partners as well as preparing and sending out daily drilling reports, permits, maps and related geology, production, revenue, and expense statements.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular when used in the preceding discussion, the words "believes", "expects", "intends", "will", "anticipated"
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Texas Energy Group (TEG) is an Austin, TX based Oil & Gas Exploration and Investment Company specializing in multi-well, low risk developmental drilling projects. For Oil & Gas Investment information go to www.TexasEnergyGroup.com or call (877) 893-6749.