Team Resources Inc. Increases Natural Gas Volume 300% in Recently Acquired Transmission System

• Press Release
• Source: Team Resources Inc.
• On 11:27 am EST, Thursday November 5, 2009

VENTURA, Calif.--(BUSINESS WIRE)--Team Resources, Inc. announced in January, 2009, that it had purchased majority ownership in an Interstate Natural Gas Transmission System. The system consists of over 300 miles of pipeline through four counties and is located in Kansas and Oklahoma.

"The pipeline system was a very strategic and important acquisition" says Kevin Boyles, President of Team Resources, as the company plans to drill 100 wells in this region over the next 4 to 5 years. "We kicked off our development plan in 2009 having brought on line eight wells in the system, boosting production volumes considerably. We plan to drill 20 to 25 wells in 2010," Boyles added.

The future planned wells will be drilled in identified proven gas fields developed previously by Conoco, Texaco and other majors in the 1950's for the oil, leaving the natural gas behind due to lack of market demand. Boyles added that "with reasonable acreage and development costs, coupled with current and future demand, it makes very good economic sense to develop these reserves today."

Team Resources, Inc. is a Ventura, California based oil and natural gas operating company founded in 2002. Primary business operations are in California with production operational offices located in Burden and Yates Center, Kansas. Team Resources is a "hands on" company currently operating more than 40 wells with BC Management Services (Team’s production, Operating and Service Company). Additionally, the company owns its own service rig for better management and operation of its wells.

Team Resources, Inc.
Kevin Boyles, President
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