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Texon Petroleum logs another strong Eagle Ford oil producer

Published: July 23, 2012 | 7:09 am
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Texon Petroleum’s (ASX: TXN) fifth Eagle Ford well in Texas has proven to be a winner with oil and gas production of 1072 barrels and 1.14 million cubic feet of gas per day.

The Peeler EFS-1H well, which was drilled to fulfil lease obligations, will now be connected to oil and gas production tanks and pipelines.

Peeler EFS-1H is located to Texon’s most prolific Eagle Ford producing well Tyler Ranch-2H, which had produced at an initial rate of 1488 barrels of oil and 700,000 cubic feet of gas per day.

Oil and gas shows were in line with the third and fourth wells Texon had drilled.

Texon has an 89.24% WI (66.88% NRI) in the well.

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