#United States #Texas Coastal Energy #Brenham #West Texas Resources #oil wells

West Texas Resources’ Reactivation Strategy

West Texas Resources, Inc. (OTC: WTXR) has recently announced a comprehensive plan for the reactivation of 59 legacy oil and gas wells situated across Texas. This ambitious strategy follows the successful testing and readiness for restart of one of its natural gas-condensate wells, an update that was shared on September 30.

The recent acquisition of Texas Coastal Energy Corp. (TCEC) through a reverse merger has been a significant factor in this strategy. The tested well, part of a cluster of ten similar gas-condensate wells, displayed promising pressure levels and high-value condensate production. Each of the pending wells is anticipated to provide substantial cash flow with minimal reactivation costs.

Initial Phase of the Restart Program

The first phase encompasses 59 wells located in South and Southeast Texas, many of which were previously shut down by former owners. Most of these assets require only basic compliance work to become operational once again. The estimated total cost for the reactivation process will range between $50,000 and $100,000, which is already fully funded for associated tests, filings, and necessary site adjustments.

The company anticipates receiving initial regulatory approvals shortly, which will allow them to bring the first 6–7 wells online within weeks. These wells are expected to generate an estimated monthly net revenue of approximately $100,000, which translates to about $1.2 million annually. When combined with revenues from the previously mentioned ten-well gas-condensate cluster, WTXR forecasts a near-term cash flow base of $7–8 million in annualized gross income derived from reactivated wells.

Donald H. Goree, Chairman and CEO of WTXR, emphasized the execution behind this plan, stating, "This is not speculation—it's execution. We are restoring wells with proven output, intact infrastructure, and known reservoir strength. With a modest capital investment and a systematic rollout, quick cash flow generation is feasible."

Future Prospects and Expansion

Beyond the initial phase of reactivation, WTXR has plans for further expansion, with additional sites already under review for potential reactivation. Engineering teams are actively engaged in evaluating sidetracks, re-entries, and workovers on various higher-potential assets to maximize output and operational efficiency.

Goree added, "This first wave—which includes ten gas-condensate wells and 6–7 compliance-only wells—serves as our foundational strategy. From this point, we aim to scale both in volume and operational flexibility."

The overarching framework laid out by West Texas Resources revolves around capital efficiency, compliance, and scalable growth. The reactivation of these 59 wells marks the initial step of a larger plan to unlock the hidden value across the company’s asset base in Texas.

About West Texas Resources, Inc.

West Texas Resources, Inc. (OTC: WTXR) serves as the public parent for Texas Coastal Energy Corp. and is actively focused on revitalizing oil and gas production across Texas by reactivating previously shut-in wells.

As the company moves forward with these initiatives, stakeholders can anticipate meaningful developments that will potentially reshape the financial landscape of West Texas Resources.

Important Notice

Please be advised that this release contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ significantly from those expressed or implied. The company is not obligated to update these statements unless mandated by law.