Skip to main content

Texas Energy Group
19019 Hwy 71 West
Spicewood TX 78669
Ph (512) 263-8106
Fx (512) 263-8136

Ph (877) 893-6749
Fx (512) 263-8136


Texas Energy Group, LLC (TEG) Affiliate Announces Release of First Reserve Report

Texas Energy Group, LLC (TEG) affiliate, Spicewood Energy Management, LLC, announces the release of its first annual third party reserve report for Spicewood Energy Fund I, LP.  


Austin, TX – March 24, 2015- Texas Energy Group, LLC’s (TEG) affiliate company, Spicewood Energy Management, LLC (SEM) ) has announced the release of its first annual third party reserve report for Spicewood Energy Fund I, LP (SEFI). SEFI, which closed on August 31, 2014, holds ownership interest in a variety of midstream oil and gas activities. The third party reserve report was released privately to SEFI partners and will soon be made available to the general public via the SEM website.

As part of SEM’s transparency commitment to their partners, they engaged the services of J. Lam, a Texas based oil and gas consultant, to conduct their 2014 3rd party reserve report analysis on each of their managed LPs. “I am very pleased to announce that with only a small deployment of approximately 6.8% of SEFI’s total capital raise in 2014, we have still been able to generate a PV10 value that would return just over 22% ROCE given an immediate divestiture,” stated Waylan Johnson, President of TEG and SEM. He further stated, “The fact that these results have stemmed from the fund’s participation in only three projects simply serves to validate the formula by which we have structured our LPs.”

SEM expects to begin partner distributions for SEFI in the 3rd quarter of 2015 and has already secured interest in over a dozen projects on behalf of the fund.

TEG and SEM have a long history of engaging the services of many top tier providers ranging from legal, due diligence, banking, accounting, and reserve reporting to ensure complete transparency for its partnerships and partners. “Aligning our firms with quality providers and having them conduct third party annual reports, simply upholds the responsibility we have to our partners. As a management company, we are committed to providing our partners with only the best, fully transparent, service,” stated Mr. Johnson.

SEM’s current managed fund offering, Spicewood Energy Fund III, LP, is being offered to verifiable accredited investors only.

TEG’s affiliate, Spicewood Energy Management, LLC, was formed to manage oil and gas investments through multiple limited partnerships. For further information regarding topics discussed in this article please contact Texas Energy Group, LLC via their Investor Relations Department; (877) 893-6749. SEM may also be contacted directly via (512) 610-0552 or

Emails may be directed to or

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

    Multi-well drilling package, multi well package, multi well investments, price of oil, price of gas, gas prices, oil prices, oil exploration, oil and gas exploration, oil exploration and development, gas exploration and development, oil, gas, gas drilling, drilling for gas, oil drilling, drilling for oil, drilling texas, oil well drilling, oil investments, gas investments, oil drilling investments, united states oil, US oil, united states oil investments, US oil investments, US gas drilling, united states gas drilling, oil industry investments, gas industry investments, oil investment opportunity, gas investment opportunity, direct working interests, direct working interest in oil wells, oil well, oil wells, gas well, gas wells, BOPD, barrels of oil per day, barrels of oil, tx oil drilling, tx oil investments, tx gas investments, texas oil drilling, texas oil investments, texas gas investments, texas gas drilling, oil and gas industry, petroleum industry, petroleum, energy investments, energy investment opportunity, drilling for energy, US Energy, black gold, TEG, Texas Energy Group, Oil field discovery, gas field discovery, oil discovery, discovery of oil, smart investments, good investments, great investments, money making investments, IRA investments, investment using your IRA, oil industry, gas industry, own an oil well,, oil&, oil and gas investors, oil and gas investor,,,,,,,, drilling investments, investing in oil and gas,, energy exchange, oil and gas joint ventures, crude oil, crude oil investments, peak oil investments, natural gas investments, drilling for natural gas, oil and gas securities, texas oil, texas oil drilling, drilling in texas, Oil boom, texas oil drilling, oil investments, energy investments, texas oil, drilling for oil, investing in oil, invest in energy, oil exploration, oil discovery