- Jan. 18, 2011 - SPICEWOOD, Texas --
Texas Energy Group, LLC. (TEG) announced today its participation in the Beauchamp #1 well located in northern Goliad County, Texas. The well was drilled a few months ago to a depth of approximately 9,200 feet and has now been fracture stimulated and is on line selling gas and oil. Post frac production over the last few days in December averaged approximately 1.8 million cubic feet per day of natural gas and 58 BOPD.
“We are incredibly pleased with the results of the well itself and the post frac daily rates,” said Waylan Johnson, President of Texas Energy Group, LLC. He further stated, “Our Management team and consultants have significant activities and connections within the industry and specifically in the Texas Upper Gulf Coast. As a result of the foregoing, we often get the opportunity to participate in high quality exploration wells, such as this, for TEG and its Partners.”
Other Texas independent oil and gas companies which have interests in this project are: Hurd Enterprises, Gulf Coast Midwest and Resaca Resources, LLC.
For further information regarding topics discussed in this article please contact Texas Energy Group, LLC directly via their Investor Relations Department; (877) 893-6749 or visit them on the web at www.TexasEnergyGroup.com. Emails may be directed to Info@TexasEnergyGroup.com
document is neither an advertisement, an offer to sell, nor a solicitation of an offer to buy securities, Units or participations of Texas Energy Group, LLC (TEG). This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/announcement/
document, a Memorandum, or the TEG website, including, but not limited to, statements regarding future performance of events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual events to differ materially from those expressed in the forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release/document, a Memorandum, or the TEG Website will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/document, a Memorandum, or the TEG Website might not occur. Accordingly, investors should not rely upon forward-looking statements or historical performance as a prediction or indicator of actual or future results. Also, Texas Energy Group, LLC., its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, and partners involved in any properties, programs and TEG activities have conflicts of interests. The price received for the oil and natural gas produced from any investments, activities, properties may be less than quoted NYMEX prices at any given times. TEG does not undertake any obligation to update any forward-looking statements, facts or other information, whether as a result of new information, future events, subsequent circumstances or otherwise. Information herein is not intended to be any form of solicitation. Information found on this page is neither an offer to buy or sell securities or other investments.
# # #
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.