West Texas Resources Outlines Reactivation Plan for 59 Wells Following Successful Well Test
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.
West Texas Resources (OTC: WTXR) ha presentato il piano strategico per riattivare 59 vecchie trivellazioni petrolifere e gas in Texas, a seguito di un test di pozzo riuscito. L'azienda, che ha recentemente acquisito Texas Coastal Energy Corp tramite una fusione inversa, eseguirà la riattivazione a fasi, con la Fase Uno che si concentrerà sui pozzi nel South e Southeast Texas.
Il programma di riattivazione, stimato tra $50,000 e $100,000, è completamente finanziato e comprende 10 pozzi di gas-condensato più 6-7 pozzi iniziali solo conformità. Il primo gruppo dovrebbe generare $100,000 di reddito netto mensile (1,2 milioni di dollari all'anno). WTXR prevede di raggiungere $7-8 milioni di reddito lordo annuo dai pozzi riattivati combinati.
West Texas Resources (OTC: WTXR) ha presentado su plan estratégico para reactivar 59 pozos antiguos de petróleo y gas en Texas, tras una exitosa prueba de pozo. La empresa, que recientemente adquirió Texas Coastal Energy Corp mediante una fusión inversa, ejecutará la reactivación por fases, siendo la Fase Uno centrada en pozos del sur y sureste de Texas.
El programa de reactivación, estimado en entre $50,000 y $100,000, está completamente financiado e incluye 10 pozos gas-condensado más 6-7 pozos iniciales solo de cumplimiento. Se espera que el primer grupo genere $100,000 de ingresos netos mensuales (1,2 millones de dólares al año). WTXR espera alcanzar $7-8 millones de ingresos brutos anuales a partir de los pozos reactivados combinados.
West Texas Resources (OTC: WTXR)는 성공적인 시추 테스트에 이어 텍사스 전역의 59개 legacy 석유·가스 유정을 재가동하기 위한 전략 계획을 발표했습니다. 역전 인수로 Texas Coastal Energy Corp를 인수한 이 회사는 재가동을 단계적으로 수행할 것이며, 1단계는 남부 및 남동부 텍사스의 유정에 집중합니다.
재가동 프로그램은 $50,000에서 $100,000 사이의 비용으로 추정되며, 전액 자금 조달되었고 10개의 가스-콘덴세이트 유정과 6-7개의 초기 컴플라이언스 전용 유정을 포함합니다. 첫 그룹은 월 순수익 $100,000 (연간 120만 달러)를 창출할 것으로 예상됩니다. WTXR은 재가동된 유정들로부터 연간 총매출 $7-8백만의 매출을 달성할 것으로 기대합니다.
West Texas Resources (OTC: WTXR) a dévoilé son plan stratégique pour réactiver 59 anciens puits de pétrole et de gaz au Texas, après un test de puits réussi. L'entreprise, qui a récemment acquis Texas Coastal Energy Corp par fusion inversée, réalisera la réactivation par étapes, la Phase 1 se concentrant sur les puits du sud et du sud-est du Texas.
Le programme de réactivation, dont le coût est estimé entre $50,000 et $100,000, est entièrement financé et comprend 10 puits gaz-condensat plus 6-7 puits initiaux uniquement conformes. Le premier groupe devrait générer $100,000 de revenus nets mensuels (1,2 million de dollars par an). WTXR prévoit d'atteindre $7-8 millions de revenus bruts annuels à partir des puits réactivés combinés.
West Texas Resources (OTC: WTXR) hat seinen strategischen Plan zur Reaktivierung von 59 Legacy-Öl- und Gasbohrungen in Texas vorgestellt, nach einem erfolgreichen Bohrversuch. Das Unternehmen, das kürzlich Texas Coastal Energy Corp durch eine Reverse-M merger erworben hat, wird die Reaktivierung phasesweise durchführen, Phase Eins konzentriert sich auf Bohrlöcher in Süd- und Südosttexas.
Das Reaktivierungsprogramm, dessen Kosten zwischen $50,000 und $100,000 liegen, ist vollständig finanziert und umfasst 10 Gas-Condensat-Bohrungen sowie 6–7 anfängliche Compliance-Bohrungen. Die erste Gruppe soll $100,000 Nettomarktumsatz pro Monat generieren (1,2 Mio. USD jährlich). WTXR erwartet, aus den kombinierten reaktivierten Bohrungen einen Jahresbruttoumsatz von $7–8 Millionen zu erzielen.
West Texas Resources (OTC: WTXR) كشفت عن خطتها الاستراتيجية لإعادة تشغيل 59 بئر زيت وغاز قديمة في تكساس، عقب اختبار بئر ناجح. الشركة، التي استحوذت مؤخرًا على Texas Coastal Energy Corp من خلال اندماج عكسي، ستنفذ إعادة التشغيل على مراحل، حيث تركز المرحلة الأولى على الآبار في الجنوب والجنوب الشرقي من تكساس.
برنامج إعادة التشغيل، الذي يقدر تكلفته بين $50,000 و $100,000، ممول بالكامل ويشمل 10 آبار غاز-تكثيسات و6-7 آبار امتثال أولية فقط. من المتوقع أن يحقق المجموعة الأولى $100,000 صافي إيرادات شهرياً (1.2 مليون دولار سنويًا). تتوقع WTXR تحقيق $7-8 ملايين من الإيرادات الإجمالية السنوية من الآبار المعاد تفعيلها مجتمعة.
West Texas Resources (OTC: WTXR) 已经公布了其策略计划，在德克萨斯州对59口旧油气井进行再激活，此举是在一次成功井测试之后。该公司通过反向并购最近收购了 Texas Coastal Energy Corp，将分阶段执行再激活，第一阶段聚焦于德州南部和东南部的井。
再激活计划预计花费在 $50,000 与 $100,000 之间，资金已全部到位，包括10口天然气-凝析油井以及6-7口初期仅合规井。第一组预计将带来 $100,000 月净收入（年收入 120 万美元）。WTXR 预计来自合并再激活井的年毛收入将达到 $7-8 百万美元。
- 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
- 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
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
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
Combined with the ten-well gas-condensate cluster from the prior update, WTXR expects to build a near-term cash flow base of
"This is not speculation—it's execution," said Donald H.
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,"
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
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
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.
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SOURCE Texas Coastal Energy Company (WTXR)
FAQ
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