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TX Holdings, Inc. (“TX” or the “Company”) is a publicly-traded oil and gas production company that is in the exciting development process.
We are actively acquiring producing and non-producing shallow, low risk oil and gas leases in the Abilene area of West Texas. TX steadfastly continues to concentrate on acquisitions in the Eastland and Callahan County regions of West Texas, which is located between Fort Worth and Midland.
Presently, we are focusing our efforts strictly on these areas as we want to maximize the yield and existing resources in order to optimize the time and money spent on developing production from our leases.
Current Strategy:
Our absolute, overriding and immediate priority is to commence the production process for our existing wells. We have put in place the necessary work program to meet the Texas Railroad Commission requirements. Over the next period we will develop a well by well strategy to sequence the coming on line of each individual well. When this program is bedded down, we will start to install a fracturing and flooding schedule to maximize the production output. Only when we have achieved our aims in these areas will we start to further our long term objectives.
