Global Petroleum - Texon Petroleum Well Results Improving

Global Petroleum and Texon Petroleum's second Eagle Ford well shows a 24% production improvement over the first. The McMullen County well averaged 732 boe/d (89% liquids) over the first 60 days.

The company today relayed a statement from project operator Texon Petroleum (ASX:TXN), which said the Tyler Ranch EFS No.2H well produced 38,677 barrels of oil and 31.33 million cubic feet of gas over 60 days.


The average daily production rate from the well reached 732 barrels of oil equivalent per day (boepd).

Texon has also corrected previously reported production figures for the well for the first 30 days, saying that average output rate from Tyler Ranch EFS No.2H was 817 boepd and the mistake occurred due to a faulty oil meter.