Texas Energy Group, LLC (TEG) is pleased to announce the successful drilling of the Blackstone Southland #1 well, located in Montgomery County, Texas. The Blackstone Southland #1 well was drilled, logged, tested and cased in late November 2011. This well was one of two prospects offered in TEG’s LD Drilling Project.
“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.
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