News

Development of oil and natural gas in the Eagle Ford shale contributed $25 billion in total economic output to the region in 2011, according to a study released by the Center for Community and Business Research at The University of Texas at San Antonio Institute for Economic Development (UTSA).

"The Eagle Ford Shale has proven to be one of the most important economic engines in the state," said Dr. Thomas Tunstall, director of the UTSA Center for Community & Business Research, and the study's principal investigator. "In 2011 alone, the play generated over $25 billion in revenue, supported 47,000 full-time jobs in the area, and provided $257 million in local government revenue."

News updates

For the first time since 1995, U.S. oil production surpassed oil imports, according to the U.S. Energy Information Administration. Predictions are that the trend will continue, eliminating the 'oil deficit' between what we drill ourselves and what we take in, and making the U.S. the number one oil producer in the world by 2020.

The International Energy Agency predicted last week that the U.S. will continue moving "steadily toward meeting all of its energy needs from domestic resources by 2035." The drop in imported oil was attributed to the recession and higher fuel costs leading to lower consumption, and to automobiles getting better gas mileage.

Recently discovered reserves, new extraction technologies and existing infrastructure assure that oil will remain a cheap, essential source of energy for transportation for decades to come despite concerns about the environmental impact of burning fossil fuels. Indeed, unless China and India start limiting the amounts of pollution they pump into the atmosphere, any measures taken by the U.S. to curb greenhouse emissions will be negated.

By Doug Stevens LA Times

About

Texas Energy Exploration, LLC is a privately owned independent oil & gas operator licensed with the Railroad Commission of Texas.

Oil and gas prices are at record highs fueled by growing demand and tight production worldwide.  In such an environment, industry earnings are at record highs, new wells are being drilled, merger and acquisitions activity increases, and banks and investors become involved in the exploration and development of new resources.

Texas Energy Exploration, LLC intends to take advantage of these trends.  The company is now in advanced discussions with several small operators for the acquisition of producing wells, reserves and other assets, along with drilling new wells on our key leases.

Services

Projects

Texas Energy Exploration, LLC is focused primarily upon the Brookshire Salt Dome Development at this time.

Utilizing 3D Seismic, Neozoic Geophysical Surveys and other Geological information, we are developing several of our leases in the field.

Our leases are located at the Northeast Flank, East Flank, South Flank and Apex areas of the dome.

About Us

Texas Energy Exploration, LLC is a privately owned independent oil & gas operator licensed with the Railroad Commission of Texas.

Oil and gas prices are at record highs fueled by growing demand and tight production worldwide.  In such an environment, industry earnings are at record highs, new wells are being drilled, merger and acquisitions activity increases, and banks and investors become involved in the exploration and development of new resources.

Texas Energy Exploration, LLC intends to take advantage of these trends.  The company is now in advanced discussions with several small operators for the acquisition of producing wells, reserves and other assets, along with drilling new wells on our key leases.

Texas Energy Exploration LLC - Projects

Texas Energy Exploration, LLC is focused primarily upon the Brookshire Salt Dome Development at this time.

Utilizing 3D Seismic, Neozoic Geophysical Surveys and other Geological information, we are developing several of our leases in the field.

Our leases are located at the Northeast Flank, East Flank, South Flank and Apex areas of the dome.