HOUSTON, June 13, 2011 /PRNewswire/ — Texas Oil and Minerals (OTC MARKETS: BNPD), http://www.texasoilandmineralsinc.com, is very happy to announce today that they have finalized the purchase of a twenty-five percent working interest in the Bryan Estate Leases located in the Damon Mound Field in Brazoria County Texas.

The Damon Mound field is located on a Salt Dome which was discovered in 1915 but not developed until 1925. Since that time there have been hundreds of wells drilled, which produce from a number of different horizons including the Het Limestone, Catahoula, Frio, Vicksburg and the Miocene.

Tom Gouger, CEO of Texas Oil and Minerals, stated, “The dome has produced over 5.6 million barrels from these sand with the average well producing around 60,000 barrels per well. We feel that we have around 11,000 barrels still to be recovered from the existing four wells on the lease from the sands we are presently producing from.”

“While field rules for drilling new wells are regulated by the Texas Rail Road Commission and most wells require between 5-20 acres for a drilling location for wells drilled to a depth of 3,200 feet, with this field being a Salt Dome we only need 1 acre for location. This will provide us with the possibility of drilling a new well should our consulting geologist find a viable location or if he finds a good prospect from an old well bore to reenter.” Gouger added.

About Texas Oil and Minerals (BNPD)

Texas Oil and Minerals creates value by acquiring and exploiting reserves in fields specifically targeted for oil and high-rate return North American clean burning natural gas. We are involved in prospects that range in value from $1,000,000 to $50,000,000, which include seismic and land projects, drilling prospects and the purchase of producing properties. Our team is comprised of highly skilled industry professionals who leverage their knowledge toward the success of our business. With more than three generations of collective experience, this team of professional and talented production personnel can provide innovative exploration and development solutions focused on creating exceptional returns in oil and gas through acquisition and exploration. www.texasoilandmineralsinc.com

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SOURCE Texas Oil and Minerals, Inc.