GOLIAD, Texas, Oct 24, 2008 /PRNewswire via COMTEX/ -- The Tap Oil and Gas LLC Loeher #7 well has logged and cored productive and is currently under completion. The Loeher #7 is the last scheduled location in the area.
Tap Oil and Gas LLC is an Austin based exploration and production company focusing primarily on natural gas reserves in the Texas Gulf Coast area. The company produces over 1,000,000 cubic feet per day of natural gas, controls over 750 acres of oil and gas leases and owns hundreds of square miles of three dimensional seismic data. Tap was founded in November of 2005.
Tap's most recent field development is the North Loeher Ranch with 6 producing natural gas wells. It is believed that the North Loeher Ranch leases will produce over 5 billion cubic feet of natural gas over the next 10 to 15 years.
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