NEW ORLEANS , Aug. 16, 2013 /PRNewswire/ -- Treaty Energy Corporation (OTCQB: TECO) (http://www.treatyenergy.com), a growth-oriented international energy company , today announced that it sold a large portion of its existing marginal oil well assets in West Texas for $550,000 as part of the Company's long term re-organization strategy to decrease expenses and improve operational efficiency. The Company also announced its plan to acquire a new well as part of its program to develop the Tuscola, Texas area.