- Sep. 20, 2012 - SPICEWOOD, Texas --
Austin, TX – September 20, 2012- Texas Energy Group, LLC (TEG) is pleased to announce that they have completed the pipeline hook-up on the Davis Estate #1 well, located in Liberty County, TX which is one of the principal areas that TEG has drilled. The Davis Estate #1 has been in production for about a month now and is located in the prolific Cleveland Field.
“We were able to hook the Davis Estate #1 well to our Pelican gathering system allowing our partners to benefit from interstate pipeline gas prices,” stated Waylan Johnson, President of Texas Energy Group, LLC. He further stated, “We are starting to have a large enough foot print in Liberty County that we are now able to benefit from the infrastructure we already have in place.”
Through its affiliate operating company, Resaca Resources, LLC, TEG has expanded its Land Department and currently has numerous prospects in the developmental and leasing phase. TEG plans to drill 6-8 additional wells in the area over the next 12 months.
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
Disclaimer: This release/announcement/
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.