These tests were completed in order to comply with the RRC (Texas Rail Road Commission) prior to putting these wells into production. The purpose of these tests is to confirm the structural integrity of the well is sound and will not leak during the process of extracting the oil from the ground.
"This is one of the many steps we have taken in order start producing these leases," commented Mark Neuhaus, president and CEO of TX Holdings. "We look forward to sharing more with our shareholders about the next phase of growth as the wells move into production."
TX Holdings is a publicly traded oil and gas production company. The Company's strategy consists of acquiring and developing shallow, low-risk, high-yield oil and gas leases in West Texas, Kansas and Oklahoma.
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