Texas Energy Group, LLC (TEG) Announces Formation of Affiliate 5 Star SWD, LLC
Texas Energy Group, LLC (TEG) is pleased to announce the formation of its affiliate, 5 Star SWD, LLC, a private equity management firm capitalizing on the growing commercial salt water disposal and injection well marketplace.
Spicewood, TX, October 16, 2014 --(PR.com)-- Texas Energy Group, LLC (TEG) is pleased to announce the formation of an affiliate private equity management firm, 5 Star SWD, LLC (5 Star). 5 Star is a Texas Limited Liability company based out of Spicewood, TX and formed to manage investments specific to the salt water disposal arena. Such investments are managed through fund structured limited partnerships, formed in the state of Texas and filed pursuant to Blue-Sky Filings.
5 Star is the product of three industry veterans joining forces to capitalize on the growing SWD marketplace. Waylan Johnson, President and co-founder of TEG’s affiliate, Spicewood Energy Management, LLC has teamed up with Trend Environmental out of Dallas, Texas and ALL Consulting out of Tulsa, Oklahoma to provide environmentally safe and efficient injection facilities which will provide 5 star service to the major players throughout the EagleFord Shale.
“5 Star’s approach to the salt water disposal space has been carefully calculated based on area specific logistics, geology and engineering. We are currently working directly with some of the major players in the EagleFord Shale to strategize our next facility location which will best suit the industry’s needs,” stated Waylan Johnson, Managing Member of 5 Star. He further stated, “From location to facility design and everything in between, 5 Star will adhere to a stringent selection process and assume a hands-on approach so to cultivate the proper foundation for success.”
According to Baker Hughes, the EagleFord Shale is one of the most active shale plays in the world with over 260 drilling rigs in operation. The US Energy Information Administration estimates that 25,000-30,000 new wells will be completed in the area over the next 10 years, 3000 of which are estimated to be drilled and completed in 2014 alone. “The necessity for SWD facilities in the EagleFord is clearly marked and we are confident that our well-educated and innovative team can provide injection facilities that quickly become the standard in the SWD marketplace,” further stated Mr. Johnson.
5 Star will be focusing its efforts mainly within Texas but has plans to move into the Appalachian & Williston Basin within the next year.
For further information regarding topics discussed in this article please contact Texas Energy Group, LLC directly via their Investor Relations Department; (877) 893-6749 or visit them on the web at www.TexasEnergyGroup.com where you can sign up for the TEG (corporate) mailing list and receive up to date information on general TEG activities, including all TEG press releases.
Emails may be directed to Info@TexasEnergyGroup.com
Disclaimer: This release/announcement/document is neither an advertisement, an offer to sell, nor a solicitation of an offer to buy securities, Units or participations of Texas Energy Group, LLC (TEG) or Spicewood Energy Management, LLC (SEM). This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/announcement/document, a Memorandum, or the TEG & SEM websites, including, but not limited to, statements regarding future performance of events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual events to differ materially from those expressed in the forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release/document, a Memorandum, or the TEG & SEM websites will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/document, a Memorandum, or the TEG & SEM websites might not occur. Accordingly, investors should not rely upon forward-looking statements or historical performance as a prediction or indicator of actual or future results. Also, TEG & SEM, its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, and partners involved in any properties, programs and TEG & SEM activities have conflicts of interests. The price received for the oil and natural gas produced from any investments, activities, properties may be less than quoted NYMEX prices at any given times. TEG & SEM do not undertake any obligation to update any forward-looking statements, facts or other information, whether as a result of new information, future events, subsequent circumstances or otherwise. Information herein is not intended to be any form of solicitation. Information found on this page is neither an offer to buy or sell securities or other investments.
5 Star is the product of three industry veterans joining forces to capitalize on the growing SWD marketplace. Waylan Johnson, President and co-founder of TEG’s affiliate, Spicewood Energy Management, LLC has teamed up with Trend Environmental out of Dallas, Texas and ALL Consulting out of Tulsa, Oklahoma to provide environmentally safe and efficient injection facilities which will provide 5 star service to the major players throughout the EagleFord Shale.
“5 Star’s approach to the salt water disposal space has been carefully calculated based on area specific logistics, geology and engineering. We are currently working directly with some of the major players in the EagleFord Shale to strategize our next facility location which will best suit the industry’s needs,” stated Waylan Johnson, Managing Member of 5 Star. He further stated, “From location to facility design and everything in between, 5 Star will adhere to a stringent selection process and assume a hands-on approach so to cultivate the proper foundation for success.”
According to Baker Hughes, the EagleFord Shale is one of the most active shale plays in the world with over 260 drilling rigs in operation. The US Energy Information Administration estimates that 25,000-30,000 new wells will be completed in the area over the next 10 years, 3000 of which are estimated to be drilled and completed in 2014 alone. “The necessity for SWD facilities in the EagleFord is clearly marked and we are confident that our well-educated and innovative team can provide injection facilities that quickly become the standard in the SWD marketplace,” further stated Mr. Johnson.
5 Star will be focusing its efforts mainly within Texas but has plans to move into the Appalachian & Williston Basin within the next year.
For further information regarding topics discussed in this article please contact Texas Energy Group, LLC directly via their Investor Relations Department; (877) 893-6749 or visit them on the web at www.TexasEnergyGroup.com where you can sign up for the TEG (corporate) mailing list and receive up to date information on general TEG activities, including all TEG press releases.
Emails may be directed to Info@TexasEnergyGroup.com
Disclaimer: This release/announcement/document is neither an advertisement, an offer to sell, nor a solicitation of an offer to buy securities, Units or participations of Texas Energy Group, LLC (TEG) or Spicewood Energy Management, LLC (SEM). This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/announcement/document, a Memorandum, or the TEG & SEM websites, including, but not limited to, statements regarding future performance of events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual events to differ materially from those expressed in the forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release/document, a Memorandum, or the TEG & SEM websites will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/document, a Memorandum, or the TEG & SEM websites might not occur. Accordingly, investors should not rely upon forward-looking statements or historical performance as a prediction or indicator of actual or future results. Also, TEG & SEM, its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, and partners involved in any properties, programs and TEG & SEM activities have conflicts of interests. The price received for the oil and natural gas produced from any investments, activities, properties may be less than quoted NYMEX prices at any given times. TEG & SEM do not undertake any obligation to update any forward-looking statements, facts or other information, whether as a result of new information, future events, subsequent circumstances or otherwise. Information herein is not intended to be any form of solicitation. Information found on this page is neither an offer to buy or sell securities or other investments.
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Texas Energy Group, LLC
Amy Escalera
(877) 893-6749
www.TexasEnergyGroup.com
Amy Escalera
(877) 893-6749
www.TexasEnergyGroup.com
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