West Texas Resources Announces Acquisition of Nine Producing Texas Oil and Gas Wells Expected to Generate Approximately $775,000 in Monthly Gross Revenue

About this update from West Texas Resources, Inc.

BRENHAM, TX / ACCESS Newswire / July 14, 2026 / West Texas Resources, Inc. (OTCID:WTXR) ("WTXR" or the "Company") today announced the acquisition of a package of producing oil and gas assets consisting of eight producing wells in Jackson County, Texas, and one producing gas well in Fort Bend County, Texas. The acquired properties are expected to significantly expand the Company's production profile and strengthen its long-term cash flow generation as WTXR continues executing its strategy of building a diversified portfolio of producing energy assets. According to current engineering and operational estimates, the eight Jackson County wells are expected to produce a combined average of approximately 300 barrels of oil per day (BOPD) together with approximately 1.5 million cubic feet of natural gas per day (MMCFD). The producing gas well located in Fort Bend County is expected to produce approximately 300 MCF of natural gas per day, together with associated condensate production. Based on current commodity prices of approximately $70 per barrel of oil and $3.20 per MCF of natural gas, management estimates that the acquired properties have the potential to generate approximately: This represents estimated combined gross production revenue of approximately $775,000 per month before royalties, operating expenses, taxes and other customary deductions. The Company further estimates that approximately $1.5 million will be invested for hook-ups, facility upgrades, and minor repairs necessary to optimize production and assume full operational control. Based on current production projections and commodity prices, management believes this investment could potentially be recovered in approximately two months, although actual results may differ depending on production performance, commodity prices, operating costs, and other factors. Operations on the acquired properties will be conducted through Texas Coastal Energy (TXCE), the Company's wholly owned operating subsidiary, which will assume operational responsibility for the assets. Following completion of the transition process, TXCE intends to conduct additional production optimization activities, including updated deliverability testing and operational reviews designed to maximize long-term production and recovery. Donald H. Goree, Chief Executive Officer of West Texas Resources, stated: "This acquisition represents another important milestone in executing our strategy of acquiring high-quality producing energy assets with attractive cash flow characteristics. These properties immediately strengthen our production base while providing significant opportunities for operational improvements and future reserve development. Through Texas Coastal Energy, we intend to optimize these assets and continue building a strong operating platform capable of creating substantial long-term value for our shareholders."

View stock analysis, news, and events for West Texas Resources, Inc.