PRNewsWire
09 Jun 2026, 19:30 UTC · 14h ago
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FlowTex Energy's Trojan 1 well confirmed 17 feet of oil pay, nearly double the original model of 8.5 to 9 feet. — Significant outperformance of geological models directly increases the proven asset value and production potential of the East Texas portfolio.
+0.60FlowTex has signed a drilling agreement with TXLA for six confirmed wells, with the potential to expand to 20. — Expansion of drilling activity in the Golden Triangle region suggests growth in production capacity and operational scale.
+0.40The company is diversifying its capital into non-energy assets via partnerships with Jecobra Aviation and Countless Ventures for real estate. — While diversifying risk, moving capital into unrelated sectors like executive travel and real estate can be viewed as a lack of focus or dilution of core energy expertise.
-0.20Continue reading
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Reuters
1h ago
