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-CURRENT NEWS RELEASE-


Texas Energy Group, LLC (TEG) Announces Plans to Spud Additional Blanding Well in Liberty County, Texas

Texas Energy Group, LLC (TEG) is pleased to announce its next drilling prospect, the North Cleveland #1 oil well, located in Liberty County, Texas.

FOR IMMEDIATE RELEASE
 

Austin, TX – May 13, 2014- Texas Energy Group, LLC (TEG) is pleased to announce that it has solidified its next drilling prospect, the North Cleveland #1 well in Liberty County, Texas. TEG plans to drill this well, which is located in the Cleveland Field proper, within the next quarter.

The Cleveland Field is an 80+ year old mature field where TEG has drilled three prior successful wells, all of which have produced from the Blanding formation. These three wells have produced 160,000 BO and 242 MMCFG to date, with two of them continuing to produce oil and associated gas.

“The North Cleveland prospect was actually part of a drilling map from the 1950’s whereby two locations were planned to be drilled on the exact tract we will drill on,” stated Waylan Johnson, President of TEG. He further stated, “The title and land issue was so bad though that the wells were scratched off of the map and never drilled. I am now pleased to announce that, after nearly two years of efforts, our team has assembled the necessary acreage with a drill site title opinion and we will soon drill roughly 6,000’ in pursuit of 300-400,000 BO.”

TEG continues to build on their model of drilling shallow, conventional oil wells in known, mature fields. TEG and its affiliate, Spicewood Energy Management, LLC (SEM), have current drilling and leasing activity going on throughout several Texas counties and are expected to drill and participate in numerous wells throughout Texas and Louisiana in 2014. The Principals more recently announced their involvement in a South Louisiana prospect with PetroQuest Energy, Inc.

For further information regarding topics discussed in this article please contact Texas Energy Group, LLC directly via their Investor Relations Department; (877) 893-6749 or visit them on the web at www.TexasEnergyGroup.com 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. Emails may be directed to Info@TexasEnergyGroup.com

More information about TEG’s new affiliate private equity management company, Spicewood Energy Management, LLC., can be found at www.SpicewoodEnergy.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.

More recently, TEG has taken its lower-risk business model and adapted it to fit within the managed fund structure that its newly formed affiliate company, Spicewood Energy Management, LLC, now offers. Through registered Limited Partnerships, SEM is able to offer its qualified participants the same multi-well diversification and IDC tax benefits, while providing a structure which allows the investors truly preferential cash flow and capital preservation.

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 Spicewood Energy Management, LLC (SEM). 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 & SEM 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 & SEM 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 & SEM 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 & SEM, its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, and partners involved in any properties, programs and TEG & SEM 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 & SEM 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.

 HISTORICAL PRESS RELEASES 
VIEW DATE PRESS RELEASE
May 13,2014 Texas Energy Group Announces Plans to Spud Additional Blanding Well
Mar 20, 2014 Texas Energy Group Announces Production Results on CTS Oil Well
Jan 30, 2014 Texas Energy Group Announces Affiliation with SOC
Jan 9, 2014 Texas Energy Group Announces Growth in 2013
Oct 29, 2013 Texas Energy Group Announces Drilling Permit on Mule Pond #1 Well
Oct 3, 2013 Texas Energy Group Announces Drilling Permit on Phillips Blanding #1 Well
Jul 25, 2013 Texas Energy Group Annoucnes Production Update on McCoy Blanding Well
Jul 18, 2013 Texas Energy Group Announces Appointment of New CFO
Jun 18, 2013 Texas Energy Group Announces Successful Drilling of Cleveland Townsite Well
May 30, 2013 Texas Energy Group Announces Spudding of Cleveland Townsite Well
Apr 30, 2013 Texas Energy Group Announces Successful Drilling of McCoy Blanding
Apr 18, 2013 Texas Energy Group Announces Drilling Permit on Wilcox Test
Feb 12, 2013 Texas Energy Group Proudly Sponsors MAP "Art & Athletes 4 Action" Benefit
Feb 1, 2013 Texas Energy Group Announces Second Joint Venture for 3D Seismic
Jan 24, 2013 Texas Energy Group Announces New Drilling Contract for Exploratory Well
Dec 6, 2012 Texas Energy Group To Drill Three New Developmental Wells
Dec 4, 2012 Texas Energy Group Announces Additional 3D Data Joint Venture
Oct 10, 2012 Texas Energy Group Announces Successful Drilling of Chisos #1 Oil Well
Sept 20, 2012 Texas Energy Group Announces Pipeline Hook-up on the Davis Estate #1
Sept 11, 2012 Texas Energy Group Announces Hook-up on the Blackstone Southland #1
July 3, 2012 Texas Energy Group Announces Continued Returns for Investors in the Cleveland Six Project
June 1, 2012 Texas Energy Group Announces an Increase in Oil Sale Prices
May 3, 2012 Texas Energy Group Announces New "School of Rocks" Educational Program
Apr 26, 2012 Texas Energy Group Announces Sponsorship Agreement with Willis & Woy
April 5, 2012 Texas Energy Group Announces Successful Post Drill Results for Davis Estate#1
Mar 29, 2012 Texas Energy Group Announces the Spudding of Pelican South #1 Well
Mar 21, 2012 Texas Energy Group Announces Successful Drilling in Montgomery County, TX
Feb 21, 2012 Texas Energy Group Announces Successful Drilling of Robinson # 311
Feb 9, 2012 Texas Energy Group Announces the Opening of their Geophysical Office

    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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