Texas Energy Group, LLC (TEG) is pleased to announce that the Texas Railroad Commission has approved a drilling permit for their newest well in Liberty County, Texas, the Phillips Blanding #1.
The Phillips Blanding #1 is part of TEG’s Cinco Drilling Project and will be drilled to a total depth of approximately 6,500’. Located just east of the prolific Cleveland Field, this prospect has the Blanding sand as its primary objective.
“We have identified yet another prospect within our niche of drilling conventional, shallow oil wells in Texas. The Cleveland Field is a mature oil field that has been producing for over 70 years. This prospect not only serves to meet our policy of drilling lower-risk wells in areas of proven development, but also increases our operating footprint in Liberty County,” 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 Phillips Blanding #1 within the next 60 days.
For further information regarding topics discussed in this article please contact Texas Energy Group, LLC directly via their Investor Relations Department 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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