Treaty Energy acquires Mitchell #1 well in Tuscola, Texas

Treaty Energy Corp.

Treaty Energy Corp. (OTCQB: TECO) has recently been assigned a 38.5% net revenue interest  with a 50% working interest on the existing Mitchell #1 well in Tuscola, Texas, from US Fuels of Breckenridge, Texas. The company successfully completed a work over the same day in order to immediately increase its production and revenue.

The Mitchell #1 well, which is located 813 feet from the Mitchell #3 well, received an initial production rate of 160 barrels of oil per day and produced a small amount of gas.

The acquisition of the Mitchell #1 brings the total amount of wells that Treaty Energy has a working interest in to three producing wells on the Mitchell lease (#1, #3 and #4).

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