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Spicewood TX 78669
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Texas Energy Group, LLC (TEG) Affiliate Announces Shallow Gas Development

Texas Energy Group, LLC (TEG) affiliate announces shallow gas development in Leon County, Texas.

FOR IMMEDIATE RELEASE
 

Austin, TX – February 24, 2015- Texas Energy Group, LLC’s (TEG) affiliate company, Spicewood Operating Company, LLC (SOC) has announced that it will be operator of record for a shallow gas prospect that is owned by Spicewood Energy Fund I, LP. This prospect is located in Leon County, Texas and will be drilled in the second quarter of 2015. Spicewood Energy Fund I, LP is managed by Spicewood Energy Management, LLC (SEM).

“We are continually developing conventional shallow oil and gas prospects that make sense to drill at $50/oil and $2.50/mcf gas,” stated Waylan Johnson, President of TEG and SOC. He further stated, “There is a niche in the market between very shallow stripper type production and aggressive horizontal shale plays. We are very content to drill conventional shallow oil and gas wells that book a solid reserve base while returning positive cash flow at current commodity prices.”

TEG, SEM and their affiliate operator, Spicewood Operating Company, LLC, have generated 15+ shallow vertical wells that are expected to be drilled throughout 2015. For further information regarding topics discussed in this article please contact Texas Energy Group, LLC via their Investor Relations Department; (877) 893-6749

Emails may be directed to Info@TexasEnergyGroup.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/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). 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 website, 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 Website 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 Website 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, Texas Energy Group, LLC., its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, and partners involved in any properties, programs and TEG 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 does 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 contained herein should not be construed as investment advice. TEG is not a tax professional and does not offer any tax advice.


    Disclaimer: Information herein is not intended to be any form of solicitation. Information found on this page and throughout this entire website is neither an offer to buy or sell securities or other investments.


    © Copyright 2013 Texas Energy Group, LLC



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