Privately held Texas American Resources Co. (TARC) has released results of its initial Niobrara Shale well, the Talmadge 44-17H. 

The well produced at a peak 24-hour rate of 446 barrels of oil per day. The well, located in Laramie County, Wyoming, was drilled to a total measured depth of 11,498 feet with a lateral length of 4,518 feet and was fracture stimulated with 12 stages.

David Honeycutt, president and CEO of TARC said, "The Talmadge well is a good first start for our company in the burgeoning oil-prone Niobrara play. We are confident that our acreage is absolutely in the right zip code and the upside potential affords us multiple options moving forward. The more you know about the DJ Basin the more you like it." 

According to the company's website, Texas American Resources holds 28,200 net acres in the DJ Basin in Adams & Weld counties, Colorado and Laramie county, Wyoming.

Texas American Resources Company is a privately-held independent energy company headquartered in Austin, Texas. Since its founding in 1990, TARC has focused on the acquisition and exploitation of proved or near proved properties in Texas and the Rocky Mountain region of the US.