TEXAS PROJECT
Press Release Source: Treaty Energy Corporation On Friday April 1, 2011, 9:45 am EDT
HOUSTON, TX--(Marketwire - 04/01/11) - Treaty Energy Corporation (OTC.BB:TECO - News) today announced it has purchased C&C Petroleum Management LLC, an Indiana company, with oil and gas properties in the Fertile Texas 7B Oil District.
The Texas District 7B was home to many of the early Texas boom town oil fields and has a rich and storied history. Millions of barrels of crude have been pumped out of the Ranger, Eastland and Cisco fields during the 1920s and 1930s. Many wells "blew in" at 20, 30 and 40 thousand barrels of oil per day. These fields produce the famed West Texas Intermediate Crude (WTI) which is the benchmark for Worldwide Trading. Last month, ending March 25th, WTI averaged $101.86 per barrel including a buyer's premium of $2.00 per barrel.
Treaty's acquisition includes the three leases identified in the following list, all equipment, and oil in tanks.
C & C Petroleum - Asset List:
Texas Leases and Equipment
HENDERSON LEASE - 40 Acres
8 - Fully equipped wells (equipped means fully functioning with all hardware)
2 - 200 BBL Oil Tanks
2 - 200 BBL Water Tanks
2 - Injection Wells
1 - Vertical pass thru oil/water separator
1 - Hydraulic Pumping Unit & Water Injection Station
Lines are run for vacuum pump, if needed
Room to Drill 6 Additional Wells
Approximately 40 BBL of Oil in the Tank
LONG LEASE - 37.5 Acres
7 - Fully equipped wells (equipped means fully functioning with all hardware)
2 - 100 BBL Oil Tanks
1 - 100 BBL Oil Tanks (green fiberglass)
2 - Injection Wells
1 - Vertical pass thru oil/water separators
1 - Hydraulic Pumping Unit & Water Injection Station
1 - Fully functioning water well
Room to Drill 6 Additional Wells
Approximately 90 BBL of Oil in the Tank
