West Texas Resources Reports Successful Compliance Test; Highlights High-Value Condensate and Targets Initial Set of Ten Similar Wells
West Texas Resources (OTC: WTXR) has announced successful compliance test results from one of its natural gas wells, demonstrating 4,000 PSI of gas pressure at the wellhead. Operating at just 10-15% capacity, the well is projected to generate $2,000 daily in natural gas sales, translating to approximately $720,000 annually before expenses.
The well produces high-quality condensate with 60 API gravity, a premium product for high-octane blending. WTXR has identified ten similar gas-condensate wells in its inventory requiring only compliance work, with potential combined revenues of $7.2 million annually. The company's total portfolio includes over 50 additional wells at various stages of evaluation and planning.
West Texas Resources (OTC: WTXR) ha annunciato i risultati di un test di conformità riuscito provenienti da uno dei suoi pozzi di gas naturale, dimostrando una pressione del gas di 4.000 PSI al wellhead. Operando al solo 10-15% della capacità, si prevede che il pozzo generi 2.000 dollari al giorno dalla vendita di gas naturale, equivalenti a circa 720.000 dollari all'anno prima delle spese. Il pozzo produce condensato di alta qualità con 60 gradi API, un prodotto premium per una miscelazione ad alto ottano. WTXR ha identificato dieci pozzi di gas-condensato simili nel suo inventario che richiedono solo lavori di conformità, con potenziali ricavi combinati di 7,2 milioni di dollari all'anno. Il portafoglio totale dell'azienda comprende oltre 50 ulteriori pozzi a varie fasi di valutazione e pianificazione.
West Texas Resources (OTC: WTXR) ha anunciado resultados exitosos de pruebas de cumplimiento de uno de sus pozos de gas natural, demostrando una presión de gas de 4.000 psi en la cabeza del pozo. Operando a solo una capacidad del 10-15%, se prevé que el pozo genere 2.000 dólares diarios por ventas de gas natural, lo que equivale a aproximadamente 720.000 dólares anuales antes de gastos. El pozo produce condensado de alta calidad con 60 de gravedad API, un producto premium para mezclas de alto octano. WTXR ha identificado diez pozos de gas-condensado similares en su inventario que requieren solo trabajos de cumplimiento, con ingresos combinados potenciales de 7,2 millones de dólares anuales. La cartera total de la empresa incluye más de 50 pozos adicionales en varias etapas de evaluación y planificación.
웨스트텍사스 리소스(WTXR, OTC: WTXR)는 천연 가스 웰 중 하나에서 성공적인 컴플라이언스 테스트 결과를 발표했으며, 웰헤드에서 가스 압력 4,000 PSI를 시연했습니다. 용량의 10-15% 만으로 작동하는 이 웰은 천연가스 판매에서 일일 2,000달러를 창출할 것으로 예상되며, 비용 차감 전 연간 약 72만 달러에 해당합니다. 이 웰은 60 API 밀도의 고품질 콘덴세트를 생산하며, 이는 고옥탄 혼합에 대한 프리미엄 제품입니다. WTXR는 재고에 있는 유사한 가스-콘덴세이트 웰 10개를 확인했고, 컴플라이언스 작업만으로도 가능하며 연간 합산 매출 720만 달러의 잠재력이 있습니다. 회사의 총 포트폴리오는 다양한 평가 및 계획 단계에 있는 추가 50개 이상의 웰을 포함합니다.
West Texas Resources (OTC: WTXR) a annoncé des résultats de test de conformité réussis provenant de l'un de ses puits de gaz naturel, démontrant une pression de gaz de 4 000 psi à la tige du puits. Fonctionnant à seulement 10-15% de capacité, le puits devrait générer 2 000 dollars par jour en ventes de gaz naturel, soit environ 720 000 dollars par an avant dépenses. Le puits produit un condensat de haute qualité avec 60 degrés API, un produit premium pour le mélange à haut octane. WTXR a identifié dix puits de gaz-condensat similaires dans son inventaire nécessitant uniquement des travaux de conformité, avec des revenus combinés potentiels de 7,2 millions de dollars annuels. Le portefeuille total de l'entreprise comprend plus de 50 puits supplémentaires à divers stades d'évaluation et de planification.
West Texas Resources (OTC: WTXR) hat erfolgreiche Konformitätstests aus einem ihrer Erdgasbohrlöcher bekannt gegeben und dabei einen Gasdruck von 4.000 psi an der Bohrlochoberfläche demonstriert. Betrieb mit lediglich 10-15% Kapazität, wird erwartet, dass das Bohrloch 2.000 USD pro Tag aus dem Verkauf von Erdgas erzielt, was vor Abzügen ungefähr 720.000 USD pro Jahr entspricht. Das Bohrloch produziert hochwertiges Kondensat mit 60 API-Gravität, ein Premiumprodukt für Hochoktan-Mischungen. WTXR hat zehn ähnliche Gas-Kondensat-Bohrlöcher in seinem Bestand identifiziert, die nur Compliance-Arbeiten benötigen, mit potenziellen kombinierten Einnahmen von 7,2 Millionen USD jährlich. Das Gesamtportfolio des Unternehmens umfasst über 50 weitere Bohrlöcher in verschiedenen Phasen der Bewertung und Planung.
West Texas Resources (OTC: WTXR) أعلنت نتائج اختبارات الامتثال بنجاح من أحد آبار الغاز الطبيعي لديها، وتظهر ضغط غاز 4,000 psi عند رأس البئر. يعمل ببساطة عند 10-15% من السعة، من المتوقع أن يولد البئر 2,000 دولار يومياً من مبيعات الغاز الطبيعي، وهو ما يعادل حوالي 720,000 دولار سنوياً قبل النفقات. البئر ينتج مكثف عالي الجودة بـ 60 API، وهو منتج مميز للمزج عالي الأوكتان. حددت WTXR عشرة آبار غاز-مكثف مماثلة في مخزونها تتطلب فقط أعمال امتثال، مع إمكانات عوائد مجمعة قدرها 7.2 مليون دولار سنوياً. المحفظة الكلية للشركة تشمل أكثر من 50 بئراً إضافياً في مراحل تقييم وتخطيط مختلفة.
West Texas Resources (OTC: WTXR) 已宣布来自其一口天然气井的合规测试结果，显示井口的 气体压力为 4,000 PSI。该井在仅有 10-15% 的产能下运行，预计将通过天然气销售实现 每日 2,000 美元的收入，折算约 每年 72 万美元，在扣除费用前。该井产出高质量的凝析油，具有 60 API 重度，是一种用于高辛烷值混合的优质产品。WTXR 已在其库存中确定 十口相似的天然气-凝析井，仅需合规工作，潜在的年综合收入为 7.2 百万美元。该公司的总投资组合包括在不同评估与规划阶段的 另外 50 口以上的井。
- Single well potential revenue of $720,000 annually from natural gas sales
- High-value condensate production with premium 60 API gravity
- Portfolio of 10 similar wells with potential $7.2M annual revenue
- Strong well pressure of 4,000 PSI indicating good production potential
- Additional 50+ wells in evaluation and planning stages
- Wells operating at only 10-15% of maximum capacity
- Revenue projections exclude royalties, taxes, and operating expenses
- Wells require compliance work before restart
Based on conservative operating assumptions of only 10–
In addition to gas, the well produces a light hydrocarbon condensate with an API gravity near 60, a premium, high-value stream commonly used as a high-octane blending component. Field samples from the compliance test indicate an exceptionally clear, marketable condensate, underscoring the quality of the Company's reservoir and liquids profile.
Management further notes that this well is one of at least ten similar gas-condensate wells in WTXR's current inventory that require only compliance work before restart. On a comparable, conservative basis, each of those wells is expected to have the potential to contribute approximately at least
"This is an early but important validation of the cash-flow engine we are rebuilding at WTXR," said Donald H.
Today's update complements the Company's broader program to return legacy wells to production through targeted, low-cost compliance and workover activities, while it advances longer-dated development opportunities across its
About Texas Coastal Energy Corp.
Texas Coastal Energy Corp. (TCEC), through its subsidiary West Texas Resources, Inc. (OTC: WTXR), is a
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding expected production, revenues, margins, development plans, timing, and strategic initiatives. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially, including commodity price volatility; operational, regulatory, and environmental risks; well performance variability; access to capital; and other factors described in the Company's filings and public disclosures. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update them except as required by law.
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SOURCE Texas Coastal Energy Corporation (WTXR)
FAQ
What are the projected revenues for WTXR's initial ten-well program?
What type of condensate does WTXR's well produce?
How many wells does WTXR have in its total portfolio?
What is the gas pressure reading from WTXR's compliance test?
What is the projected revenue from a single WTXR gas well?
