Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced it has spud the Breitling-Brown Billy #3 in Live Oak County, Texas as it continues to develop its "Gulf Coast Onshore Initiative" that began in May 2010.
The Breitling-Brown Billy #3 Prospect is expected to be drilled to 5,900 feet to test the Upper and Lower Yegua oil sands. The trapping structure is generally defined by subsurface well control with the interpretation and proposed location confirmed by integrating 3D Seismic from Breitling's shoot in 2011.
Management anticipates the well will reach total depth in about 6 days. Well completion and testing on the Breitling-Brown Billy #3 well should begin during the second week of October 2012.
Breitling Oil and Gas CEO Chris Faulkner stated, "The Brown Billy prospect has proved fruitful for us and we are excited to continuing drill out our acreage." Faulkner added, "We continue to drill up-dip to some very productive wells in the field."
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