West Texas Resources Inc. Announces Successful Gas Well Compliance Test, Plans to Restart Ten High-Value Condensate Wells
West Texas Resources Inc. (OTC: WTXR), a subsidiary of Texas Coastal Energy Corp., has announced the successful completion of a Railroad Commission compliance test on one of its natural gas wells, confirming readiness to resume production. The well demonstrated strong surface gas pressure of approximately 4,000 PSI, supporting plans for a near-term sales tie-in. Management estimates that each of at least ten similar gas-condensate wells in its inventory could generate around $2,000 per day in gross gas sales, translating to a potential $7.2 million in annualized gross revenue from the initial set, before royalties, taxes, and operating expenses. The wells also produce high-value, clear condensate with an API gravity near 60, enhancing the company's liquids profile. The initiative is part of a broader effort to bring legacy wells back online through targeted, low-cost compliance and workover activities.
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