Irish oil and gas exploration company San Leon Energy said it has started commercial delivery of gas from its first well in Texas.
San Leon is chaired by former Smart Telecom chief executive Oisín Fanning who said in a statement the objective had been to take advantage of the low-risk exploration opportunities in the US to generate cash flow.
In a statement the company said it has a production capacity of 1.3 million cubic feet (Mmcf) per day and that it plans to drill three more wells in the Palo Pinto county site this autumn.