- Jan. 24, 2011 - SPICEWOOD, Texas --
Texas Energy Group, LLC. (TEG) announced today its participation in the Welder A36 well located in San Patricio County, Texas.
The well was an infield test near Sinton, Texas. It was drilled to a depth of approximately 6,112 feet and encountered 7 to 10 zones of interest. Cores and formation tests were run and the well was completed at approximately 5,815 feet. Through the last several days of December, the well was averaging 31 BOPD and 30 MCFGPD. Internal log evaluations indicate possible total reserves of 50-80,000 barrels of oil (BO) for the well.
“TEG is pleased to be able to continue to mix this type of project into our overall portfolio”, stated Waylan Johnson, President of Texas Energy Group, LLC. He further stated, “I cannot say enough about the track record and depth of our management team, consultants and partners that bring us a flow of opportunities, like the Welder project, to build our reserves and revenue stream with our non operated partners.”
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. (xii)
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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.