West Texas Resources Outlines Reactivation Plan for 59 Wells Following Successful Well Test

Rhea-AI Summary

West Texas Resources (OTC: WTXR) has unveiled its strategic plan to reactivate 59 legacy oil and gas wells across Texas, following a successful well test. The company, which recently acquired Texas Coastal Energy Corp through a reverse merger, will execute the reactivation in phases, with Phase One focusing on wells in South and Southeast Texas.

The reactivation program, estimated to cost between $50,000 and $100,000, is fully funded and includes 10 gas-condensate wells plus 6-7 initial compliance-only wells. The first group is projected to generate $100,000 in monthly net revenue ($1.2M annually). WTXR expects to achieve $7-8 million in annualized gross revenue from the combined reactivated wells.

Positive

• Successful well test showing strong pressure and high-value condensate output
• Low reactivation costs ($50,000-$100,000) for significant potential returns
• Expected $100,000 monthly net revenue ($1.2M annually) from first 6-7 wells
• Projected $7-8M annualized gross revenue from reactivated wells
• Minimal capital required as wells only need basic compliance work
• Infrastructure already in place, reducing development costs

Negative

• Wells were previously shut in by former owners, indicating potential operational challenges
• Regulatory approvals still pending for well reactivations
• Success depends on maintaining historical well performance levels

News Market Reaction – WTXR

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BRENHAM, Texas, Oct. 1, 2025 /PRNewswire/ -- West Texas Resources, Inc. (OTC: WTXR) ("WTXR" or the "Company") today provided details on its broader reactivation strategy for 59 legacy oil and gas wells across Texas. This follows the successful compliance test and restart readiness of one of its natural gas-condensate wells, announced September 30.

WTXR recently acquired Texas Coastal Energy Corp. ("TCEC") through a reverse merger. The tested well, one of ten similar gas-condensate wells, showed strong pressure and high-value condensate output. Each well is expected to generate meaningful cash flow at minimal cost.

Phase One of the restart program covers 59 wells in South and Southeast Texas. These assets were shut in by previous owners and mostly require only basic compliance work. Total cost for reactivation is estimated between $50,000 and $100,000—fully funded and covering tests, filings, and minor site adjustments.

Initial regulatory approvals are expected soon, allowing the first 6–7 wells to be brought online within weeks. These wells are projected to generate approximately $100,000 in monthly net revenue, or $1.2 million annually.

Combined with the ten-well gas-condensate cluster from the prior update, WTXR expects to build a near-term cash flow base of $7–8 million in annualized gross revenue from reactivated wells.

"This is not speculation—it's execution," said Donald H. Goree, Chairman and CEO. "We're restoring wells with proven output, intact infrastructure, and known reservoir strength. With modest capital and a methodical rollout, we can generate cash flow quickly."

Beyond the initial 17 wells, additional sites are already under review for reactivation. Engineering teams are evaluating sidetracks, re-entries, and workovers on higher-potential assets.

"This first wave—ten gas-condensate wells and 6–7 compliance-only wells—forms our foundation," Goree added. "From here, we scale both volume and flexibility."

WTXR's model emphasizes capital efficiency, operational compliance, and scalable growth. The 59-well program is the first phase of a broader plan to unlock value across the Company's Texas asset base.

About West Texas Resources, Inc.

West Texas Resources, Inc. (OTC: WTXR) is the public parent of Texas Coastal Energy Corp., focused on reactivating shut-in wells and revitalizing oil and gas production across Texas.

Forward-Looking Statements

This release may contain forward-looking statements subject to risks and uncertainties. Actual results may differ. The Company assumes no obligation to update such statements, except as required by law.

View original content:https://www.prnewswire.com/news-releases/west-texas-resources-outlines-reactivation-plan-for-59-wells-following-successful-well-test-302573113.html

SOURCE Texas Coastal Energy Company (WTXR)

FAQ

How many wells does West Texas Resources (WTXR) plan to reactivate in Texas?

WTXR plans to reactivate 59 legacy oil and gas wells across South and Southeast Texas as part of their Phase One program.

What is the expected revenue from WTXR's first batch of reactivated wells?

The first 6-7 wells are expected to generate $100,000 in monthly net revenue ($1.2 million annually), with total projected annualized gross revenue of $7-8 million from all reactivated wells.

How much will WTXR's well reactivation program cost?

The total cost for reactivating the wells is estimated between $50,000 and $100,000, which is fully funded and covers tests, filings, and minor site adjustments.

When will WTXR begin bringing wells online?

WTXR expects to bring the first 6-7 wells online within weeks, pending regulatory approvals.

What was the outcome of WTXR's recent well test?

The tested well, one of ten gas-condensate wells, demonstrated strong pressure and high-value condensate output, indicating potential for meaningful cash flow at minimal cost.