Breitling has spud the Breitling-Butterwash #1 on September 25, 2011 in Murray County, Oklahoma.
The Breitling-Butterwash #1 is a shallow 3,500-foot test well located on the hanging-wall of the prolific Paul's Valley Uplift. The Breitling-Butterwash #1 is targeting the Basal Oil Sandstone. Secondary objectives include the Arbuckle formation.
Management anticipates the well will reach total depth in about 5 days. Well completion and testing should begin during the third week of October.
The company declined to disclose reserve potential or any further details regarding the prospect to the public.
Breitling Oil and Gas CEO Chris Faulkner stated, "We have good seismic across the area and are optimistic we can make a good well in this prolific producing area." Faulkner added, "We should have good structure and trap integrity based on our mapping and sub-surface well control."
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