This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Treaty Energy Corporation Reports Progress

Stocks in this article: TECO

NEW ORLEANS, July 6, 2011 /PRNewswire/ -- Treaty Energy Corporation (OTCQB: TECO), a growth-oriented energy company in the oil and gas industry, today reports to its stakeholders on progress in Texas, Belize and Kansas.

Stephen L. York, President and COO of Treaty Energy Corporation, stated, "Treaty Energy has now commenced selling oil through its wholly owned subsidiary and operating company, C & C Petroleum Management, LLC.  Due to the measure of time required to transfer all of the leases to the operating company and then obtain the time and date stamped P4's from the Texas Railroad Commission (RRC), only two days were left in the month of June to transport oil.  The oil shipped in those two days was 490.19 BBLS.  The 'Operators Run Statement' that details these oil deliveries will be posted to the Treaty website."

Mr. York stated, "I am estimating the shipment of about 800 BBLS of oil in July, while starting to rework wells on all 11 leases that are currently transferred for production to C & C Petroleum Management LLC.  Our production goals are based only on currently producing wells and wells that will be brought on line over the next 60 days to reach 50 plus BBLS per day.  Therefore we are projecting monthly oil production for August to be about 1000 BBLS and for September to be about 1250 BBLS."

It is Treaty's plan to drill at least 10 new wells in Texas during the next 90 days.  The August and September oil production estimates do not include any production from new wells.

In addition to revenues from oil production Treaty Energy will continue to drill 2-4 wells per month for other independent operating companies.  Currently Mr. York estimates that he has commitments to drill 15 – 25 wells in addition to the 10 wells he will drill for Treaty.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs