Breitling Begins US Drilling Ops
Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced today that it has spud the Breitling-Diego #1 in Duval County, Texas as it continues to develop its "Gulf Coast Onshore Initiative" that began in May 2010.
The Breitling-Diego #1 Prospect is expected to be drilled to 5,600 feet to test the Pettus Sands and Yegua Sands. The Pettus Sand in the North Fitzsimmons Field Area consists of Upper, Middle, and Lower sands, of which, the upper and lower have been previously exploited for gas and oil respectively. The Middle Pettus Sand in the southwest corner of the lease acreage, remains largely unproduced in the area.
Management anticipates the well will reach total depth in about 6 days. Well completion and testing on the Breitling-Diego #1 well should begin during the last week of November 2012.
Breitling Oil and Gas CEO Chris Faulkner stated, "The primary structure in the North Fitzsimmons Fields Prospect is an antithetic, up-to-the-coast fault closure running southwest to northeast through the lease acreage." Faulkner added, "Lower Pettus oil production is on the upthrown closure to the southeast of the fault and our position looks good in the field."
Also, the company announced it spud the Breitling-Pumpkin Ridge #2H Oct. 22, 2012 in Mountrail County, North Dakota.
The Breitling-Pumpkin Ridge #2H is the second horizontal well in Breitling's Pumpkin Ridge horizontal Middle Bakken and Three Forks Mountrail County development prospect. The Pumpkin Ridge Prospect will be drilled to a total measured depth of 19,450 feet. The potential exists for Breitling Oil and Gas to drill up to 2 Bakken and Three Forks wells on its Pumpkin Ridge Mountrail County acreage.
Management anticipates the well will reach total measured depth in about 28 days. Hydraulic fracture stimulation and final completion operations should occur the third week of December.
Faulkner stated, "We are excited to continue with our Bakken drilling programs in Mountrail County." Faulkner added, "Our positions in Mountrail County continue to prove to be very productive for the company."
In addition to the North Dakota and Texas operations, Breitling announced it spud the Breitling-Black Bart #2H Oct. 20, 2012 in Grant County, Oklahoma. The Breitling-Black Bart #2H is the second horizontal Mississippi exploratory well in a possible ten well prospect on Breitling's leased acreage.
The Breitling-Black Bart #2H is a 9,800-foot total measured depth horizontal well targeting the Mississippi Chat and Mississippi Solid below 6,200 feet. Secondary objectives include the Verdigris Lime, Cherokee and Oswego formations.
Management anticipates the well will reach total depth in about 28 days. Well completion and testing should begin during the third week of November.
Faulkner stated, "Breitling remains very optimistic about the horizontal Miss play in Oklahoma." Faulkner added, "The horizontal Miss play has the opportunity to become a premiere play assisting America in its quest for energy independence."
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