As of the date of this report, the Company was in the process of drilling the 2.0 gross (2.0 net) well Justin Tom pad in
Atascosa County. The Justin Tom wells are being drilled with a targeted extended lateral length of 12,900 feet.
The company's production performance during Q3 was driven by bringing 9 wells online, including 5 on the recently acquired Live Oak County acreage and 2 on the recently acquired
Atascosa County acreage.
Founded in 1990, Texas American has a long history of successful oil and natural gas exploration and production operations and has acquired an initial leasehold position in the black oil window of the Eagle Ford trend in
Atascosa County, Texas, covering ~12,000 acres.
--$77.2 million
Atascosa County Industrial Development Corporation variable rate pollution control refunding revenue bonds (San Miguel Electric Cooperative, Inc.
The Eagle Ford assets acquired include approximately 5,500 net acres in
Atascosa County, seven gross producing wells with approximately 175 net Boe/d of current production and two wells that have been drilled but not yet completed.
5 Star Fashing SWD is located in
Atascosa County, Texas and has been permitted through the Texas Railroad Commission for 15,000 BWPD.
American Disposal Services, Ltd., a commercial non-hazardous oil and gas waste management company, has received a commercial injection well permit from the Texas Railroad Commission in
Atascosa County one mile northwest of Fashing.
ATASCOSAALPACAS & CAPYBARAS, Bill Schuchman,
Atascosa County, Texas.