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Follow on Google News | Texas Energy Group, LLC (TEG) Announces Successful Oil Well in Liberty County, TexasTexas Energy Group, LLC (TEG) announces successful completion of the North Cleveland oil and gas well located in Liberty County, Texas.
By: Texas Energy Group, LLC “On a 4 Point test the North Cleveland well flowed at an average of 800,000 cfgpd +/-. After reviewing the logs, we strongly believe there is the potential of numerous pay zones in this single structure. With continued production, we anticipate seeing some condensate along with the gas production,” TEG and its affiliate operator, Spicewood Operating Company, LLC, have generated 15+ shallow vertical wells that are expected to be drilled throughout 2015. “At current oil and gas prices we can maneuver in the market place at a somewhat discounted rate and, in turn, hopefully produce an even more profitable outcome for our Industry Partners and affiliate drilling funds which are being offered by Spicewood Energy Management, LLC (SEM),” stated Mr. Johnson. For further information regarding topics discussed in this article please contact Texas Energy Group, LLC 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 About TEG 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 is currently affiliated with Spicewood Energy Management, LLC and 5 Star SWD, LLC. Both affiliate companies offer fund structured Limited Partnerships that provide the same lower-risk business model that TEG programs have always adhered to. Disclaimer: This release/announcement/ End
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