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Texas Energy Group, LLC (TEG) Announces Successful Drilling in Montgomery County, Texas
Texas Energy Group, LLC (TEG) would like to formally announce the successful drilling of the Blackstone Southland #1 well, located in Montgomery County, Texas
“We are extremely excited about our discovery made in Montgomery County, Texas. Not only did the well drill as structurally predicted, but we actually found more productive sands than expected,” stated Waylan Johnson, President of Texas Energy Group, LLC. He further stated, “We continue to be very fortunate in finding commercial reserves in old mature fields without having to take larger risk.”
The Blackstone Southland #1 well was drilled to approximately 7,400’. Logging and testing resulted in the discovery of at least six potentially productive oil and gas sands being identified. The well was initially flow tested at a daily rate of 800,000 CFGPD with associated condensate on a 10/64th choke, from the Mulepond sand. Post geological reports estimate that there are an additional two to three potentially productive locations on the current acreage block that can be developed in the future. Resaca Resources, LLC (Operator for TEG) currently holds the rights to the acreage blocks for all potentially productive locations.
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/
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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.