Texas Energy Group, LLC (TEG) affiliate, 5 Star SWD, LLC (5 Star), recently announced that it has begun construction on two SWD facility locations in the Eagle Ford Shale. Both the 5 Star Fashing SWD facility and the 5 Star Whitsett SWD facility are expected to be open for business in the first quarter of 2015.
5 Star Fashing SWD is located in Atascosa County, Texas and has been permitted through the Texas Railroad Commission for 15,000 BWPD. This facility location was one of the first that 5 Star secured in the Eagle Ford shale play. 5 Star Whitsett SWD was the second Eagle Ford area facility that 5 Star announced. It is located in Three Rivers, TX and has been permitted through the Texas Railroad Commission for a larger injection capacity of 25,000 BWPD.
“TEG is honored to be affiliated with 5 Star as it expands its activities throughout the Eagle Ford and Eaglebine plays. To be servicing and operating in the Eagle Ford shale, which was just proclaimed to have joined the billion barrel club by producing over a billion barrels of crude oil and condensate, is something that all of us here at TEG and 5 Star are extremely proud of,” stated Waylan Johnson, President of TEG and 5 Star SWD, LLC.
Mr. Johnson further stated,“We feel very fortunate to have been able to cover so much ground in the SWD marketplace in just the short amount of time that 5 Star has been up and running. We have already received a very welcoming response from Eagle Ford area operators and industry partners and believe it is due to our team’s innate ability to select and acquire such quality locations.”
5 Star’s approach to the SWD space has been carefully calculated based on area specific logistics, geology and engineering. Additionally, its management team has been working directly with some of the major players to strategize locations which best suit their needs. From location to facility design and everything in between, 5 Star adheres to a stringent selection process and assumes a hands-on approach so as to cultivate the proper foundation for success. It is 5 Star’s goal to build a base of environmentally safe, fully compliant injection well facilities that quickly become the standard in the SWD marketplace.
You may also contact 5 Star directly by visiting them on the web where you can sign up for the 5 Star (corporate) mailing list and receive up to date information on all 5 Star activities.
About Texas Energy Group, LLC (TEG)
Texas Energy Group, LLC (TexasEnergyGroup.com) 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/document is neither an advertisement, an offer to sell, nor a solicitation of an offer to buy securities, Units or participations of Texas Energy Group, LLC (TEG) or 5 Star SWD, LLC (5 Star). This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/announcement/document, a Memorandum, or the TEG & 5 Star websites, including, but not limited to, statements regarding future performance of events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual events to differ materially from those expressed in the forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release/document, a Memorandum, or the TEG & 5 Star websites will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/document, a Memorandum, or the TEG & 5 Star websites might not occur. Accordingly, investors should not rely upon forward-looking statements or historical performance as a prediction or indicator of actual or future results. Also, TEG & 5 Star, its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, and partners involved in any properties, programs and TEG & 5 Star activities have conflicts of interests. The price received for the oil and natural gas produced from any investments, activities, properties may be less than quoted NYMEX prices at any given times. TEG & 5 STar do not undertake any obligation to update any forward-looking statements, facts or other information, whether as a result of new information, future events, subsequent circumstances or otherwise. Information herein is not intended to be any form of solicitation. Information found on this page is neither an offer to buy or sell securities or other investments.