(ASX: TXN) has flowed oil and gas at a rate of 1,705 barrels of oil equivalent per day during testing of its first joint venture horizontal well targeting the Eagle Ford Shale in Texas.
Quintanilla SMEF-1H is the first well drilled by the joint venture Texon had formed with offset lease owners to more efficiently develop their acreage.
Texon has a 48% working interest in the well.
The strong performance of Quintanilla SMEF-1H is likely to lead to a vigorous drilling program in the near future after a production surveillance program of several months.
This well will be put on production immediately as all facilities are ready for final installation to the well.
Further production increases from Texon?s Texas Eagle Ford operations are likely soon with the Hoskins 4H well prepped and ready for fraccing operations to begin in the first week of February.
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