780 bopd to texon directly according to their release, so $500 K each week from one well, the Tyler Ranch efs 1H
add that to their already producing olmos sands production, and its very healthy for texon right now
their upcoming olmos sands wells are self funded through their own production.
each the wells in the efs are paying themselves off in a matter of months
the results from the first well were obviously missed by the market big time, as there is no doubt the IP on the tyler ranch efs 1h is a monster result for any operator.
looks to me like texon are in 1000 bopd efs territory..
great buying going on right now imho
TXN Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held