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Texas Energy Group, LLC (TEG) Announces Additional 3D Data Joint Venture

Texas Energy Group, LLC (TEG) would like to formally announce a joint venture with another privately held company to develop and explore a 3D database in the Upper Gulf Coast of Texas.

 
PRLog - Dec. 4, 2012 - SPICEWOOD, Texas -- Austin, TX – December 4, 2012- Texas Energy Group, LLC (TEG) and its affiliate operating company, Resaca Resources, LLC (Resaca) have again been able to work with numerous partners and assist in evaluating 3D data in a known prolific area.

“Resaca has proposed six new prospects to the partners involved and expects to start leasing operations in the next few weeks,” stated Waylan Johnson, President of Texas Energy Group, LLC. He further stated, “TEG & Resaca expect to be drilling in this un-named area by the second quarter of 2013.”

Mr. Johnson also commented on the current drilling trends by stating, “Although the shale and resource plays continue to make the news, TEG is very active in all phases of the oil and gas business, which can be seen through our drilling of conventional wells in older fields. We have carved out a new niche in an old business.”

TEG and Resaca have made their operating area well known in the Upper Gulf Coast of Texas over the last several years.

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 where you can sign up for the TEG (corporate) mailing list and receive up to date information on general TEG activities, including all TEG press releases.

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.

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Contact Email:
***@texasenergygroup.com Email Verified
Source:Texas Energy Group, LLC
Phone:(877) 893-6749
Zip:78669
City/Town:Spicewood - Texas - United States
Industry:Energy, Investment
Tags:Oil Investment Opportunities, texas energy group, energy investing, tax shelter, texas oil drilling
Shortcut:prlog.org/12036255
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