NYTEX Energy Holdings Inc. (OTCBB: NYTE), operating through its subsidiary NYTEX Petroleum Inc., announced the successful drilling and completion of its first vertical well drilled into the Marble Falls formation at 5,500 feet in depth located in Jack County, Texas.
The well came in free-flowing at an initial production rate of 75 bo/d and 1.8 MMcf/d of BTU gas. This well is the first of five wells that NYTEX recently drilled into the Marble Falls and Barnett shale that are awaiting completion, with a sixth well currently drilling as of the date of this release.
Co-funded with industry partners, NYTEX owns between 10% and 20% through a combination of working interests and overriding royalty and back-in working interests in the six wells.
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