Gulftex Operating, Inc. News

 

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 of gas.

 

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 County 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 .

 

 







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