(EMAILWIRE.COM, May 24, 2012 ) West Palm Beach, FL -- With its countless applications and critical importance, it's no wonder global demand for oil continues to rise, year after year. And amidst this incessant thirst for more, the leading producers around the world are watching their production levels steadily decline. As this occurs, the basic economic forces of supply and demand take charge. This fundamental economic principal has been the principal influence over prices throughout history and remains the driving force behind rising oil prices today.
In an upcoming segment, Texas Energy Group will discuss their solutions for this global crises.
JL Haber, Vice President of Programming at Multi Media Productions, added As a leader in their industry, Texas Energy Group, LLC and its affiliate company, Spicewood Energy Management, LLC were a natural fit for our show. We are excited to have them as a guest on our program.
About Texas Energy Group
Texas Energy Group, LLC (TEG) is an Austin, Texas based oil and gas exploration and development company specializing in bringing industry prospects to the private investor. With over 24 years of involvement in the oil and gas industry, TEG has been involved in numerous ventures and partnerships, including ownership of two operating companies that have operated numerous projects for some of the industrys most prestigious public and private oil and gas firms.
One of TEGs affiliate operating companies is Resaca Resources, LLC (Resaca), a licensed oil and gas operator in the state of Texas. Resacas expertise is in generating, evaluating, developing, operating and producing oil and natural gas prospects using the latest industry technology. By overseeing all aspects of the drilling and production phases, Resaca is able to keep full control of field management.
Resacas clientele consists both of industry partners and individuals seeking operational expertise along with geological and geophysical evaluation services and investment opportunities. Resaca recently opened a new Geophysical Office in Port Aransas, TX, which now serves as home base to many of its Geologists and Engineers. This new technically advanced facility will allow its team members to utilize the latest and greatest technology and software, which will truly create a very positive edge for the company.
TEG and Resaca have been fortunate to assemble a highly qualified network of geologists, engineers, and geo scientistswho have ultimately played a huge role in the companiess success.
The company has pursued a policy of drilling low risk oil and gas prospects, usually located in areas of proven production. There are numerous leases available for drilling and development, but only a select few meet the stringent criteria TEG requires. TEG evaluates hundreds of oil and gas prospects per year and typically selects about 10-20 projects for development.
About 21st Century Business
21st Century Business is an award winning targeted business show that is independently produced by Multi-Media Productions. The show provides its business viewers an in depth opportunity to find solutions to the industry problems from some of the top business leaders from across the world. Each exclusive segment is taped in our state of the art South Florida Studio
Once selected, companies are able to present their story and solutions to industry problems in an exclusive way that sets their company apart from the others. With more than 6,000 companies participating on over 600 shows, 21st Century Business continues to be the premier and targeted outlet for the latest business stories.
21st Century Business airs on various national cable networks that are viewed by over 100 million viewers nationwide as well as internationally via DirecTV and Dish Network. The show can also be viewed through video on demand via http://www.21cbtv.com. The 21CBTV Series is also available at more than 27 prestigious college universities, including Carnegie Mellon University, Howard University, Dartmouth College and Georgetown University.
For specific market-by-market air dates and times, please e-mail Moniqueh@mmpusa.com. For more information, please visit http://www.21cbtv.com.