5 Star is the product of three industry veterans joining forces to capitalize on the growing SWD marketplace. Waylan Johnson, President and co-founder of TEG’s affiliate, Spicewood Energy Management, LLC has teamed up with Trend Environmental out of Dallas, Texas and ALL Consulting out of Tulsa, Oklahoma to provide environmentally safe and efficient injection facilities which will provide 5 star service to the major players throughout the EagleFord Shale.
“5 Star’s approach to the salt water disposal space has been carefully calculated based on area specific logistics, geology and engineering. We are currently working directly with some of the major players in the EagleFord Shale to strategize our next facility location which will best suit the industry’s needs,” stated Waylan Johnson, Managing Member of 5 Star. He further stated, “From location to facility design and everything in between, 5 Star will adhere to a stringent selection process and assume a hands-on approach so to cultivate the proper foundation for success.”
According to Baker Hughes, the EagleFord Shale is one of the most active shale plays in the world with over 260 drilling rigs in operation. The US Energy Information Administration estimates that 25,000-30,000 new wells will be completed in the area over the next 10 years, 3000 of which are estimated to be drilled and completed in 2014 alone. “The necessity for SWD facilities in the EagleFord is clearly marked and we are confident that our well-educated and innovative team can provide injection facilities that quickly become the standard in the SWD marketplace,”
5 Star will be focusing its efforts mainly within Texas but has plans to move into the Appalachian & Williston Basin within the next year.
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
More information about TEG’s new affiliate private equity management company, Spicewood Energy Management, LLC., can be found at www.SpicewoodEnergy.com
Texas Energy Group, LLC (TEG) is an Austin, Texas based oil and gas exploration and development company specializing in bringing industry prospects to the private investor. With company principals having over 24 years of involvement in the oil and gas industry, TEG has been involved in numerous ventures and partnerships, including ownership of two operating companies that have operated numerous projects from North Dakota to Texas.
TEG has been fortunate to assemble a highly qualified network of geologists, engineers, geo scientists, and operators who have ultimately played a huge role in the company's success. With thanks to their highly educated and experienced team, TEG has created a proven track record of success.
The company has pursued a policy of drilling lower-risk oil and gas prospects, usually located in areas of proven production. Through TEG's unique multi-well projects, they have been able to minimize their investors' risk by extending the investment across multiple wells, increasing the investors' probability for success. TEG has always adhered to a stringent project selection process in an effort to further mitigate investment risks. Under their stringent project selection process, TEG requires all of their prospective projects to past rigorous geological analyses performed by their experienced team of geologists and geo scientists.
More recently, TEG has taken this same lower-risk business model and adapted it to fit within the managed fund structure that its newly formed affiliate company, Spicewood Energy Management, LLC, now offers. Through registered Limited Partnerships, SEM is able to offer its qualified participants the same multi-well diversification and IDC tax benefits, while providing a structure which allows the investors truly preferential cash flow and capital preservation.
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Texas Energy Group, LLC
Texas Energy Group, LLC