Texas Energy Group, LLC (TEG) Affiliate Announces Launch of New Oil & Gas Drilling Fund

Texas Energy Group, LLC (TEG) is pleased to announce that its affiliate, Spicewood Energy Management, LLC, has officially launched Spicewood Energy Fund III, LP, a year-end oil and gas drilling fund structured to capitalize on IDC tax benefits

Spicewood, TX, October 16, 2014 --(PR.com)-- Texas Energy Group, LLC (TEG) is pleased to announce that its affiliate, Spicewood Energy Management, LLC (SEM), has officially launched its next oil and gas drilling fund, Spicewood Energy Fund III, LP (SEFIII). SEM was founded by Waylan Johnson, President of TEG, in mid-2011 and was formed to manage oil and gas investments through multiple limited partnerships.

Following the close of two oil and gas funds within the past ten months, SEFIII was structured to capitalize on SEM’s drilling fund structure, which was adapted from TEG’s original lower-risk business model, whereby investors have the opportunity to take advantage of multi-well diversification and the tax benefits associated with US oil and gas drilling.

SEFIII will participate in both in-house generated oil and gas drilling programs as well as non-operated oil and gas programs throughout Texas and Louisiana. Additionally, SEFIII was structured with the ability to participate in commercial water disposal wells, whereby they can capitalize on the booming salt water injection industry specific to the large shale plays in Texas. SEFIII will close on December 31, 2014 and acquire working interest primarily in wells that will be drilled in time to qualify for tax benefits in the 2014 calendar year. “Mirroring our second fund, Spicewood Energy Fund II, which closed in December 2013, we are delighted to offer our investors yet another opportunity to exercise year-end tax minimization strategies with an investment into Texas oil drilling via SEFIII. SEFIII will serve to provide our investors who choose to participate as investor general partners with an estimated 75-85% IDC tax write off for 2014 along with a 15% depletion deduction for income from oil and gas production,” stated Waylan Johnson, President of Texas Energy Group, LLC and Spicewood Energy Management, LLC.

Mr. Johnson further stated, “With over 25 years of industry experience in both fund management and the operational side of the oil and gas industry, we are utilizing our strong industry relationships and seeing unprecedented deal flow from which we are able to pick premier industry deals for our investors. I believe that we are well positioned to deliver our investors a diverse portfolio of successful oil and gas properties.”

SEFIII is being offered to verifiable accredited investors only. For further information regarding topics discussed in this article, including information on how to become involved in SEFIII, please contact Texas Energy Group, LLC directly via their Investor Relations Department; (877) 893-6749 or visit them on the web at www.TexasEnergyGroup.com.

Emails may be directed to Info@TexasEnergyGroup.com

Disclaimer: This release/announcement/document is neither an advertisement, an offer to sell, nor a solicitation of an offer to buy securities, Units or participations of Texas Energy Group, LLC (TEG). This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/announcement/document, a Memorandum, or the TEG website, including, but not limited to, statements regarding future performance of events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual events to differ materially from those expressed in the forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release/document, a Memorandum, or the TEG Website will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/document, a Memorandum, or the TEG Website might not occur. Accordingly, investors should not rely upon forward-looking statements or historical performance as a prediction or indicator of actual or future results. Also, Texas Energy Group, LLC., its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, and partners involved in any properties, programs and TEG activities have conflicts of interests. The price received for the oil and natural gas produced from any investments, activities, properties may be less than quoted NYMEX prices at any given times. TEG does not undertake any obligation to update any forward-looking statements, facts or other information, whether as a result of new information, future events, subsequent circumstances or otherwise. Information herein is not intended to be any form of solicitation. Information contained herein should not be construed as investment advice. TEG is not a tax professional and does not offer any tax advice.
Texas Energy Group, LLC
Amy Escalera (TEG)
(877) 893-6749