Texhoma Energy, Inc.
PINK SHEETS : TXHE

Texhoma Energy, Inc.

January 05, 2007 15:32 ET

Texhoma Energy, Inc.: Workover of Edgerly Field Wells

HOUSTON, TEXAS--(CCNMatthews - Jan. 5, 2007) - Texhoma Energy, Inc. ("Texhoma") (PINK SHEETS:TXHE)

Peoples Energy Production, operator of the Edgerly Field, Calcasieu Parish, Louisiana, has informed Texhoma that it is nearing completion of the North American Land (NAL) #4 workover and will soon return the well to production. The well was producing at a rate of approximately 45 barrels of oil per day since April 2006 until the pump sanded up in September resulting in parted rods. This workover was scheduled for November and was delayed due to rig availability.

Upon completion of the NAL #4 workover, the rig will move to the NAL #3 well and the operator will install a submersible pump in order to return the well to continuous production. This well has been producing at a rate of approximately 260 barrels of oil per day since January 2006. The NAL #3 is producing intermittently and now requires artificial lift.

Texaurus Energy, Inc., a wholly owned subsidiary of Texhoma, owns 11.76% working interest in both wells. Estimated cost of the NAL #4 is $193,000, of which the Texaurus share is $22,690. Estimated cost of the NAL #3 is $331,000, of which the Texaurus share is $38,913. The company has funds to pay its share of the work.

Safe Harbor Statement: "This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other 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 which could cause actual results to differ materially from those in the forward-looking statements contained herein." The Company takes no obligation to update or correct forward-looking statements and also takes no obligation to update or correct information prepared by third parties that is not sanctioned by the Company.

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