Texas American Finds Success with First Niobrara Well
Texas American Resources Company today announced that its initial Niobrara well, the Talmadge 44-17H, produced at a peak 24-hour rate of 446 barrels of oil per day. The well, located in Laramie County, Wyoming, was drilled to a total measured depth of 11,498 feet with a lateral length of 4,518 feet and was fracture stimulated with 12 stages.
David Honeycutt, President and CEO of TARC said, "The Talmadge well is a good first start for our company in the burgeoning oil-prone Niobrara play. We are confident that our acreage is absolutely in the right zip code and the upside potential affords us multiple options moving forward. The more you know about the DJ Basin the more you like it."
ABOUT TEXAS AMERICAN RESOURCES COMPANY
Texas American Resources Company is a privately-held independent energy company headquartered in Austin, Texas. Since its founding in 1990, TARC has focused on the acquisition and exploitation of proved or near proved properties in Texas and the Rocky Mountain region of the United States.
The Company has a total proved reserve base of 34 MMBOE which is 33% developed and 52% oil and NGLs and has 104 MMBOE of 3P reserves plus resources. TARC operates over 260 producing wells in Texas, Wyoming and Colorado, and its company-wide total net production of approximately 2,500 BOEPD is 60% oil and NGLs.