BROOMFIELD, Colo., April 27, 2015 /PRNewswire/ -- T-Rex Oil,
Inc. (OTC: TRXO), an independent energy company engaged in the
exploration, development, production and acquisition of oil and
natural gas resources, with an emphasis on oil plays and with a
focus on the Rocky Mountain region, today announced that it
had received final approval from the Nebraska Oil & Gas
Commission in Sydney, Nebraska on the application of T-Rex No. 1,
LLC to drill and complete a water injection/disposal well. The
Company is the manager and operator of the T-Rex No. 1 LLC.
This approval will enable T-Rex No. 1 to proceed with its
construction of its water disposal facility to serve not only its
field, but allowing T-Rex to provide water disposal services to the
surrounding oil fields in Nebraska, Colorado and Wyoming.
"Management is thrilled to receive final permit approval on the
water disposal well," stated Don
Walford, CEO, "This approval opens a revenue opportunity for
T-Rex that allows the Company to expand its revenues beyond its oil
and gas production and moves T-Rex forward in its business
plan."
Management estimates that the well will be capable of safely
processing a maximum of 14,000 barrels per day, seven days a week,
subject to a disposal rate to be set by the Nebraska Oil & Gas
Commission. Current local disposal fees range $1.25 to $1.50 a barrel.
About T-Rex Oil, Inc.
T-Rex Oil, Inc. is an energy company focused on acquiring,
exploring, developing and producing oil and natural gas properties
predominately in the central and western United States. The Company's executives have
extensive experience in managing oil and gas properties. Currently,
T-Rex Oil, Inc. has acquired producing wells, leases and water
disposal properties in Wyoming,
Nebraska, and Utah and is actively pursuing other expansion
opportunities in Colorado. The
Company's goal is to build steady, sustainable growth of its
inventory of oil and gas properties. Information about T-Rex Oil,
Inc. can be found at www.t-rexoilinc.com.
Forward-Looking Statements
This press release
includes "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Exchange Act of 1934, as amended. Actual results and future
events could differ materially from those anticipated in such
statements, and such forward-looking statements may not prove to be
accurate. These forward-looking statements involve certain risks
and uncertainties, including, but not limited to, the following
risks related to financial and operational performance: general
economic conditions; the Company's ability to execute its business
plan; changes in prices and demand for oil and natural gas prices;
delays and other difficulties related to producing oil and natural
gas; its ability to integrate acquisitions; availability of
sufficient capital to execute its business plan; and other
important factors which could cause actual results to differ
materially from those anticipated or implied in the forward-looking
statements. For further discussions of risks and uncertainties, you
should refer to T-Rex's SEC filings. T-Rex undertakes no obligation
and does not intend to update these forward-looking statements to
reflect events or circumstances occurring after the date of this
press release, except as required by law, including the securities
laws of the United States and the
rules and regulations of the SEC. Any forward-looking statements
speak only as of the date of this press release. All
forward-looking statements are qualified in their entirety by this
cautionary statement.
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SOURCE T-Rex Oil, Inc.
