Texas Energy Group
19019 HWY 71 West
Spicewood, TX 78669
Ph. (512) 263-8106
Fx. (512) 263-8136
Investor Relations
Ph. 877-TXENRGY
(877-893-6749)
Current Drilling Projects
Please Note: Information found on this page and throughout this web site is only concerning ventures that were fully funded months ago and either closed out or currently involved in the drilling process. Not anywhere on this site will you find information about current or future ventures. Information contained herein is not intended to be any form of solicitation.
Texas Energy Group currently has several different drilling projects in the production phase, all of which are exploring for oil and gas in the state of Texas. Information found on this page pertains to fully funded projects that are currently in the drilling and production stages. Per federal regulations, you will not find any information on this site pertaining to our future activities. If you are interested in current or future opportunities with TEG, please call us at (877) TXENRGY or go to our Investment Opportunities page and fill out the Qualified Investor Application.
Lario/Buckeye - Matagorda County, TX
The Lario/Buckeye Project is located in Matagorda County, Texas, Southwest of Bay City, Texas.
The Northeast Lario Prospect is a Frio Channel about 20-30' thick at a depth of 10,600'. The prospective sand correlates to the productive sand in the Sands Kathleen Burke wells two miles to the Northwest in the Markham South Field. The #2 Burke produced 2.3 BCF and 26,000 barrels of condensate from 30 feet of sand at a depth of 10,000'. There is a strong amplitude anomaly that ties directly to the producing sand and carries over to the Northeast Lario Prospect.
The Buckeye Prospect is a structural prospect that gains structure to two wells and is trapped in a crotch fault. The Kennedy and Mitchell 3-207 well drilled 80' of sand at a depth of 10,275 feet. The Esenjay #1 Kennedy-Mitchell found the same sand at 10,150 feet. The sand was wet in both wells. The drilling location is at least 150' high to both wells and is bound by two trapping faults. There is a possible show in the lower well. This sand has an AVO anomaly per additional processing viewed by Mr. Cole. There are two and possibly three sands in a structural trap 150' high to current well control.
In the last 24 months there has been an increase in drilling activity in the area. By utilizing the 3-D data that has been shot and continually perfecting the AVO processing, several companies are being able to predict gas in place and specifically drill identified anomalies for reserves.
The Bird Mountain Project is located in Liberty and
Colorado Counties, Texas
.
The five shallow wells are located in
LibertyCounty
just East of Cleveland, Texas and range from 6,200’-9,500’. These prospects have been generated exclusively for Texas Energy Group by Jim Cole. Mr. Cole has worked
LibertyCounty
for 20 years and now has the advantage of 3D Seismic. By utilizing 3D in mature prolific fields we have been able to find un-tapped structures and hydrocarbons that have been left behind, prior to today’s technology. The sixth well (and the deepest at 15,000’) is located in
Colorado County, Texas
. The
Matterhorn
is in a proven area that Texas Energy Group has already had success in drilling. Again utilizing 3D Seismic we will be able to test a large Wilcox Structure with multiple pay zones and a PUD location at 9,700’. Texas Energy Group has successfully completed 11 of its’ last 14 wells and fully expect to continue this trend with the
BirdMountain.
The Cleveland Six Project is located in Liberty County, Texas. The six vertical wells are located in and around the East side of Cleveland, Texas just off of State Highway 59, some 40 miles North of Houston, Texas. Five of the six wells range in depth from 6,000' - 6,200' and one deeper well to 12,700'.
These prospects have been generated exclusively for Texas Energy Group by Jim Cole. Mr. Cole has worked Liberty County for 20 years and now has the advantage of 3D Seismic. By utilizing 3D in mature prolific fields we have been able to find untapped structures and hydrocarbons that have been left behind.
Texas Energy Group successfully completed 2 out of the first 3 anomalies we drilled in shallow wells in the Cleveland area in the last few months. Resaca Resources has successfully established a network of service companies in the area that will allow us to drill, test, complete and get the production to market in a timely manner.
The Bovine Project is located in the Southwest corner of Colorado County, Texas in the prolific Frio & Wilcox, Gulf Coast trend.
These eight projects vary in depth from 2,800' to 13,200' and will test horizons from the Miocene through the Frio and down to the Upper Wilcox in the B4 and McKinley. These prospects have been generated by Everest Resource Company on a newly reprocessed 3D Data shoot that was shot by Shell Oil Company in 1996 and covers 26 square miles.
Everest has developed a nitch in the exploration side of drilling by acquiring 3D data over mature oil and gas fields, then utilizing the state of the art VHF vector re-processing and then having the advantage of subsurface well control to identify drilling locations. Having the advantage of seeing mature fields and how they look on the existing 3D allows them to find undrilled structures that simply could not be identified with the older 2D data.
Everest has achieved an 80% success rate over the last two years with their drilling prospects.
