Announcement • Oct 01

West Texas Resources, Inc. Reports Successful Compliance Test

West Texas Resources, Inc. announced successful results from a recent Rail Commission compliance test on one of its natural gas wells, confirming readiness to return the well to production. Surface measurements indicated approximately 4,000 pounds per square inch (PSI) of gas pressure at the wellhead (" Christmas tree"), supporting near-term tie-in for sales. Based on conservative operating assumptions of only 10-15% of the well's maximum capacity, management estimates the well can generate roughly $2,000 per day in natural gas sales. That equates to approximately $60,000 per month, or about $720,000 on an annualized basis for this single well, before royalties, taxes, and operating expenses. 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 $2,000 per day In gross gas sales once online--implying an aggregate run-rate on the order of $20,000 per day (about $600,000 per month, or roughly $7.2 million per year) from the initial ten-well cohort, prior to royalties, taxes, and operating costs. Actual performance will be confirmed as each well completes its compliance process and is brought back onstream.

West Texas Resources, Inc. Stock Price

WTXR Share Price Performance

WTXR Community Narratives

Trending Discussion

Recently Updated Narratives

Snowflake Analysis

West Texas Resources, Inc. Key Details

About WTXR

Recent WTXR News & Updates

West Texas Resources, Inc. Reports Successful Compliance Test

Recent updates

West Texas Resources, Inc. Competitors

Badger State Ethanol

Dawson Geophysical

Empire Petroleum

Stabilis Solutions