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 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.
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