Texon Tests Good Eagle Ford Well - McMullen County TX

Texon Petroleum released results from its latest McMullen County Eagle Ford well. The well tested at over 1,600 boepd at a pressure of more than 3,000 psi. Texon didn't disclose if that was a full 24 hr test or not. This well was completed with 17 frack stages compared to 15 in Texon's first two wells.

Texon announces that its third Eagle Ford well (Tyler Ranch EFS #2H) has tested oil and gas at the rates of 1,488 bopd and 700 mcfgpd (combined 1,605 boepd (6)) through a 16/64” choke at a flowing tubing pressure of 3,000 psi.

The well is located just to the north of the Company’s first Eagle Ford Well (Tyler Ranch EFS #1H) - please refer to the attached map. The test rate from the third well is more than the 1,200 bopd initial rate from Texon’s first EF well through the same sized choke.

The third well also has a higher flowing pressure which indicates the well may perform better than the first well.