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Texas Energy Group, LLC Announces Close of Funding for GK Project and introduces NEW Battle Prospect
Texas Energy Group, LLC (TEG) would like to formally announce close of funding for the GK Project and introduce their new drilling prospect, The Battle, located in Ft. Bend County, Texas.
TEG is also proud to announce their new drilling prospect, The Battle. The Battle is a single well project located in Ft. Bend County, Texas. Funding for this project began December 21, 2009.
"The reserve potential of these three (3) wells combine, exceed 15 BCF & 500,000 BO which would truly enhance TEG's position in the Upper Gulf Coast", said Waylan Johnson, President of Texas Energy Group, LLC.
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
About Texas Energy Group, LLC
Texas Energy Group, LLC (TEG) is committed to creating a vehicle where individual investors can become long term partners who, over a period of time, develop a portfolio of oil and gas properties that generate monthly cash flow and substantial tax write offs. TEG offers its qualified participants, direct undivided working interest positions into new oil and gas well drilling ventures. Through direct participation programs in oil and gas, investors actually own a portion of the well and receive a share of the cash flow it generates via monthly disbursements. TEG acts as the managing entity over the entire process. They begin with their geologists identifying a prospective anomaly by utilizing 3D Seismic technology, they then acquire the mineral leases over the prospect site, work to obtain funding, then begin to operate and drill the well, complete the well, and as a licensed operator Resaca Resources (TEG’s operating arm) is also able to handle the day to day operations and sale of produced gas and oil. Resaca Resources is then responsible for sending out monthly revenue checks to their partners as well as preparing and sending out daily drilling reports, permits, maps and related geology, production, revenue, and expense statements.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular when used in the preceding discussion, the words "believes", "expects", "intends", "will", "anticipated"
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Texas Energy Group (TEG) is an Austin, TX based Oil & Gas Exploration and Investment Company specializing in multi-well, low risk developmental drilling projects. For Oil & Gas Investment information go to www.TexasEnergyGroup.com or call (877) 893-6749.