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-CURRENT NEWS RELEASE-


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.  

FOR IMMEDIATE RELEASE

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 www.SpicewoodEnergy.com

Emails may be directed to Info@TexasEnergyGroup.com or Info@SpicewoodEnergy.com

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.

 HISTORICAL PRESS RELEASES 
VIEW DATE PRESS RELEASE
Mar 17, 2015 Texas Energy Group Affiliate Announces Successful Completion of Well
Mar 10, 2015 Texas Energy Group Affiliate Announces Successful Drilling Project
Feb 24, 2015 Texas Energy Group Affiliate Announces Shallow Gas Development
Feb 10, 2015 Texas Energy Group Affiliate Announces Exploration Program
Jan 27, 2015 Texas Energy Group Affiliate Releases 2015 Energy Outlook
Jan 8, 2015 Texas Energy Group Announces Successful Drilling of Oil Well
Dec 9, 2014 Texas Energy Group Affiliate Announces Two SWD Facilities in Eagle Ford Shale
Oct 16, 2014 Texas Energy Group Affiliate Makes Headway in Eagle Ford Shale
Oct 2, 2014 Texas Energy Group Affiliate Launches New Oil & Gas Fund
Aug 14, 2014 Texas Energy Group Announces Formation of Affiliate 5 Star SWD
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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