First Titan announced today that after a brief stoppage for repairs, a
well within a Texas-based asset is expected to return to production next month.
The Minns #4, part of the company’s multi-well asset package located in
the Brookshire Field in Waller County, Texas, is set to produce once more in
the oil rich Lone Star State after standard maintenance. Texas oil production
grew 21 percent last year to more than 857 million barrels thanks to rising
demand and new drilling technology. With all wells of the Minns package back
online and producing, and the company looking to further expand its well count
in Texas, FTTN is working to capitalize on the state’s oil industry success.
“We expect the Minns wells to produce at full capacity now,” FTTN Interim
CEO Robert Federowicz said. “The oil production numbers in Texas are
staggering, and First Titan is excited to see the potential the Minns wells
possess.”
FTTN is an oil and gas energy company seeking continued growth of a
diversified oil and gas portfolio. Building a substantial collection of oil and
gas properties the company is dedicated to the continuing development of energy
assets throughout North America alongside companies such as Lucas Energy, Inc.,
Earthstone Energy, Inc., Fieldpoint Petroleum Corp. and Evolution Petroleum
Corp.
First Titan Corp., through its wholly owned subsidiary, First Titan
Energy, LLC, is committed to the exploration and development of oil and natural
gas resources around the globe. The company continually seeks to partner with energy
developers that are pursuing innovative new methods of oil and gas extraction,
including the development of new technologies, cleaner methods, and
unconventional resources.
For more information on FTTN’s oil and gas projects, please visit
www.firsttitanenergy.com/investors.html
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