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

GEOPHYSICAL
Texas Energy Group
2621 Hwy 361, Ste D
Port Aransas TX 78373
Ph (631) 749-4990(631) 749-4990
Fx (3661) 749-4992

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

 

 



-CURRENT NEWS RELEASE-


Texas Energy Group, LLC (TEG) Announces Production Results on Cleveland Townsite #1 Oil Well

Texas Energy Group, LLC (TEG) is pleased to announce production results on its Cleveland Townsite #1 oil well in Liberty County, Texas.

FOR IMMEDIATE RELEASE
 

Austin, TX – March 20, 2014- Texas Energy Group, LLC (TEG) is pleased to announce that it’s Cleveland Townsite #1 oil well has been completed and is now producing. TEG along with it’s industry partners, developed and drilled the Cleveland Townsite prospect in late 2013. Direct working interest participation in this well was offered to TEG’s private accredited investors and close industry partners. The well was drilled to an approximate vertical depth of 9,670’ in the prolific Cleveland Townsite field.

“The Cleveland Townsite field has a long history of oil production, dating back to the 1950’s. After looking back through historical logs and data on this area, it was our geological belief that the reserves had not been depleted at our primary objective which was the deeper Wilcox sands. We are excited to announce that our beliefs were correct as we have proudly encountered commercial hydrocarbons,” stated Waylan Johnson, President of TEG.

Mr. Johnson further stated, “Once again, this well stays true to our business model of drilling relatively shallow, vertical oil wells in known mature fields. The Cleveland Townsite #1 well went online a few weeks ago and had an initial production report of 40 BOPD.”

TEG and its affiliate, Spicewood Energy Management, LLC. (SEM), have current drilling and leasing activity going on throughout several Texas counties. TEG and SEM 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 (NYSE: PQ).

For further information regarding topics discussed in this article please contact Texas Energy Group, LLC directly via their Investor Relations Department; (877) 893-6749(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
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



    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-price.net, oil&gasinvestor.com, oil and gas investors, oil and gas investor, gasbuddy.com, globeinvestor.com, investorvillage.com, nasdaq.com, moneycontrol.com, bloomberg.com, barrons.com, drilling investments, investing in oil and gas, texasenergygroup.com, 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