Gulftex Operating, Inc. 3030 LBJ Freeway Suite 1320 LB#47 Dallas,
Texas 75243 - 972-243-2613
For Immediate Release:
Frenchtown #1 – H Project update.
October 27, 2009 - Dallas, Texas - Gulftex Operating, Inc.
announces, Frenchtown #1 - H
cumulative gas sales are 204,408 million cubic feet of gas as of
October 21st, 2009.
The Frenchtown #1-H well was completed and brought online with gas
down the sales line on April 20th, 2009. The
cumulative gas sales totals to date are 204,408 million cubic feet
Many analysts are anticipating increasing demand and more stable
pricing for natural gas in the near future.
Natural gas is environmentally friendly, and is the
cleaner-produced energy source.
When additional carbon emission caps are implemented, natural
gas will become a cheaper alternative fossil fuel than politically
and environmentally unfriendly coal.
We are very pleased with the success of the Frenchtown #1-H well and
look forward to the drilling of the Frenchtown #2-H.
This area of Denton
has become a hotbed for recent drilling with companies like XTO
Energy, Williams Gulf Coast Production and Gulftex, which makes us
virtually surrounded by production.
ABOUT GULFTEX OPERATING, INC.
In 1996 Gulftex Operating, Inc. became a contract operator to TBX
Resources, Inc. with over 100 operating wells in East Texas and
Louisiana. Today Gulftex Operating, Inc. has a successful
exploration, drilling and production track record participating in
over 35 wells in the Barnett Shale. The Gulftex record includes an
impressive 20 wells in the core area of the Barnett Shale. Tim
Burroughs, President of Gulftex Operating, Inc., has spent the last
14 years building Gulftex Operating, Inc. Top energy companies
including XTO Energy, Crusader Energy, Devon Energy, Conoco
Phillips, Encana and others have partnered with Gulftex Operating,
Inc. on numerous Barnett Shale projects.
The Gulftex Operating, Inc. has a primary focus on the development
of conventional and unconventional resource plays which includes the
application of horizontal drilling and cutting edge completion
technology aimed at developing shale and tight sand reservoirs. The
Gulftex assets are located in various domestic basins, the majority
of which are in the Ft. Worth Basin, Barnett Shale.
For other information regarding Gulftex Operating, Inc., please
visit the Company's Internet Web site at