West Texas Resources Outlines Reactivation Plan for 59 Wells Following Successful Well Test

BRENHAM, Texas, Oct. 1, 2025 /PRNewswire/ — West Texas Resources, Inc. (OTC: WTXR) (“WTXR” or the “Company”) today provided details on its broader reactivation strategy for 59 legacy oil and gas wells across Texas. This follows the successful compliance test and restart readiness of one of its natural gas-condensate wells, announced September 30.

WTXR recently acquired Texas Coastal Energy Corp. (“TCEC”) through a reverse merger. The tested well, one of ten similar gas-condensate wells, showed strong pressure and high-value condensate output. Each well is expected to generate meaningful cash flow at minimal cost.

Phase One of the restart program covers 59 wells in South and Southeast Texas. These assets were shut in by previous owners and mostly require only basic compliance work. Total cost for reactivation is estimated between $50,000 and $100,000—fully funded and covering tests, filings, and minor site adjustments.

Initial regulatory approvals are expected soon, allowing the first 6–7 wells to be brought online within weeks. These wells are projected to generate approximately $100,000 in monthly net revenue, or $1.2 million annually.

Combined with the ten-well gas-condensate cluster from the prior update, WTXR expects to build a near-term cash flow base of $7–8 million in annualized gross revenue from reactivated wells.

“This is not speculation—it’s execution,” said Donald H. Goree, Chairman and CEO. “We’re restoring wells with proven output, intact infrastructure, and known reservoir strength. With modest capital and a methodical rollout, we can generate cash flow quickly.”

Beyond the initial 17 wells, additional sites are already under review for reactivation. Engineering teams are evaluating sidetracks, re-entries, and workovers on higher-potential assets.

“This first wave—ten gas-condensate wells and 6–7 compliance-only wells—forms our foundation,” Goree added. “From here, we scale both volume and flexibility.”

WTXR’s model emphasizes capital efficiency, operational compliance, and scalable growth. The 59-well program is the first phase of a broader plan to unlock value across the Company’s Texas asset base.

About West Texas Resources, Inc.

West Texas Resources, Inc. (OTC: WTXR) is the public parent of Texas Coastal Energy Corp., focused on reactivating shut-in wells and revitalizing oil and gas production across Texas.

Forward-Looking Statements

This release may contain forward-looking statements subject to risks and uncertainties. Actual results may differ. The Company assumes no obligation to update such statements, except as required by law.

SOURCE Texas Coastal Energy Company (WTXR)