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Follow on Google News | ![]() Texas Energy Group, LLC (TEG) Affiliate Announces Successful Completion of Oil & Gas WellTexas Energy Group, LLC (TEG) affiliate, Spicewood Energy Management, LLC, announces the successful completion and flow test of a well in the Upper Gulf Coast of Texas.
By: Texas Energy Group, LLC “The Scout Blessing well is exactly the kind of conventional drilling success Spicewood was hoping for,” stated Waylan Johnson, President of TEG and SEM. He further stated, “We are very pleased with the flow test results as they not only suggest strong returns for SEFII but also serve to strengthen our philosophy of sticking to conventional drilling deals with local, family owned generators and operators.” The Scout Blessing #1 well flow tested 1.2MM CFGPD and 150 BOPD with associated water on a 10/64th choke at 3400#’s. TEG & SEM’s management teams have long standing relationships with smaller oil and gas operators that continue to show success in the shallow to deeper conventional oil and gas arena. SEM has currently committed to several additional projects throughout the Upper Gulf Coast of Texas with various industry partners. TEG’s affiliate, Spicewood Energy Management, LLC, was formed to manage oil and gas investments through multiple limited partnerships. SEM is raising capital for its current fund offering, Spicewood Energy Fund III, LP (SEFIII). SEFIII is being offered to verifiable accredited investors only. 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. SEM may also be contacted directly via (512) 610-0552 or www.SpicewoodEnergy.com Emails may be directed to Info@TexasEnergyGroup.com or Info@SpicewoodEnergy.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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