SOURCE: Paxton Energy, Inc.

September 13, 2007 10:00 ET

Paxton Energy Announces Completion of Cooke No. 6 Escondido Well

CARSON CITY, NV--(Marketwire - September 13, 2007) - Paxton Energy, Inc. (OTCBB: PXTE) announced today that the company has been advised by the operator, Bayshore Exploration LLC, that production of crude oil and natural gas have commenced from the Cooke No. 6 Escondido well at Cooke Ranch, La Salle County, Texas. The Cooke No. 6 is currently being hooked up to 2 interim 500 barrel tanks and is expected to produce natural gas at rates of 50-100 thousand cubic feet of gas per day (mcf) through a 12/64 inch choke and approximately 80 barrels of oil per day. The natural oil production from the Cooke No. 6 well is gas driven which is characteristic of the Cooke No. 3 discovery well.

The Cooke No. 6 twin well was drilled by Bayshore Exploration approximately 300' west of the Cooke No. 1 and 5000' east of the Cooke No. 3 Well to a total depth of 6,671 feet. Production casing was set to 6700 feet with upper Escondido production from 6317 to 6322 feet. Paxton has a 31.75% working interest in the Cooke No. 6 well and its pro-rata unit and 31.75% leasehold and working interest in the remaining acreage. Bayshore has identified several other twin drilling locations that further define the Cooke Escondido reservoir and would be the focus of future drilling operations.

About Paxton Energy, Inc.

Paxton Energy, Inc. is an energy exploration and development company with minority working interests in the Cooke Ranch area of La Salle County, Texas, all operated by others. Paxton has up to a 31.75% working interest in the Cooke Ranch 8,884 gross acre lease and up to a 75% working interest in the Storey Ranch 2,268 gross acre area located in La Salle County, Texas.

Paxton also recently announced that it has entered into an agreement to purchase certain producing interests in East Thirteen Oil & Gas Field, which will also provide for development on the several proved undeveloped locations to increase cash flow and reserves. This transaction is subject to specified conditions, including the execution of a definitive agreement, Paxton obtaining the required financing facility, audited financial statements, legal compliance, reserve reports, and other items, all to the satisfaction of Paxton's board of directors.

For further information, please visit Paxton's website at www.paxtonenergyinc.com or call toll free 866-972-9866:

THIS NEWS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE DRILLING OR OTHER EXPLORATION OR DEVELOPMENT RESULTS, THE ACTUAL PRESENCE OR RECOVERABILITY OF ESTIMATED RESERVES, THE ABILITY TO ESTABLISH RESERVES EQUAL TO THE POTENTIAL OF EXPLORATION TARGETS, PRODUCTION AMOUNTS OR REVENUES, DRILLING AND EXPLORATION COSTS OR SCHEDULES OR SIMILAR MATTERS. THESE STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN.

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