PRLog (Press Release)
- Oct. 31, 2013 - SPICEWOOD, Texas --
Texas Energy Group, LLC (TEG) is pleased to announce that the Texas Railroad Commission has approved yet another drilling permit for a prospective oil well in Montgomery County, Texas, entitled the Mule Pond #1 well.
As part of TEG’s Cinco Drilling Project, the Mule Pond #1 will be drilled to a total depth of approximately 8,000’. This prospect will be operated by Resaca Resources, LLC who has contracted Black Creek Drilling for the drilling of the well. Both 3-D seismic and subsurface data were used in determining the viability and primary objectives of this prospect.
“We are excited to expand our footprint in Montgomery County with the drilling of our newest prospect, the Mule Pond #1. Our geologists, engineers and industry partners are all very pleased with the preliminary findings of exact correlation between the 3-D seismic data and subsurface data. This, combined with other geological elements, makes us feel very strongly about the potential recoverable reserves here,” stated Waylan Johnson, President of Texas Energy Group, LLC.
TEG and its affiliate operating company, Resaca Resources, LLC, along with numerous industry partners will begin drilling the Mule Pond #1 within the next couple of 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
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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.