Texas Allied Petroleum Announces Submersible Pumps and Successful Recompletion of Loeher 5

AUSTIN, Texas, Jan. 19, 2012  /PRNewswire/ -- Texas Allied Petroleum announces plans to install a total of four submersible pumps in its Little Laramie and Herrick fields in Wyoming.  The installation is expected to be completed in December.  They are in the final stages of completing the construction of a large scale surface discharge system in these fields, which will allow for disposal of the increase in fluid production from this latest effort.  The entire system, including the pumps, is expected to be in full production by year end and a significant increase in gross production is anticipated.

Texas Allied Petroleum is also pleased to announce the successful recompletion of the Loeher #5 well in Goliad County, Texas.  After a number of productive years in the 2800' objective, the decision was made to move up-hole and perforate the 2700' sand.  Initial results are very positive.  A rate of more than 100 MCF per day with no water production has been sustained within the first few weeks of production.  There are additional zones to be tested up-hole at some point in the future, but current results indicate a commercial well has been achieved.

Texas Allied Petroleum, headquartered out of Austin Texas, has been building a portfolio of oil and natural gas production since its founding in November of 2005. It identifies specific targets in oil and gas fields that meet its risk/reward criteria.

Texas Allied Petroleum began executing this strategy by drilling new gas wells in South Texas using three-dimensional seismic technology. It now employs a broad range of tactics to produce oil and gas including purchasing existing production, utilizing forced pooling, and expanding its use of 3D seismic.

Today, Texas Allied Petroleum has producing assets in the South Texas Gulf Coast, Rocky Mountain and Mid-Continent regions.

For more information on Texas Allied Petroleum visit www.texasalliedpetroleum.com

SOURCE Texas Allied Petroleum