HOUSTON, TX, Sept. 12, 2018 (GLOBE NEWSWIRE) — Texas South Energy, Inc. (OTC PINK: TXSO) (“Texas South” or the “Company”) announced today that it has moved in the drilling rig and spudded the TXSO Richter Unit 1H well at its Wilinda Project in Wilson County, Texas. The Richter Unit well is a 5,000’+/- vertical depth horizontal Austin Chalk test well with a 4,350’+/- horizontal lateral. Texas South is the Operator of the well with a 25% working interest and currently has approximately 4,250 acres under lease in the area. The Wilinda Project overlies a previously “depleted” field which has already produced over 6 million barrels of oil from the Austin Chalk, Eagle Ford, Buda,Georgetown, and Edwards formations and is now targeting those same zones with current horizontal drilling techniques and “New Generation” high intensity frac completions at a vertical depth of approximately 5,000’.
Michael Mayell, President and CEO of Texas South, commented “The Richter Unit well is the first of what we hope will be a number of Austin Chalk and other development wells in the area. After fracing the well, we expect to monitor the production for 60 days to determine the appropriate development plan and well spacing.”
About Texas South Energy
Texas South is engaged in the oil and gas exploration and production business. We generate, acquire and prefer to operate large-scale onshore and offshore oil and gas projects, retaining as much interest as possible in the production and reserves. To learn more, visit the Texas South website at www.texasouth.com.