Breitling: Ok. Well Possible O&G Producer

Breitling O&G announced that the Trinity #1, the first well in its Breitling-Trinity 3 Well Drilling Prospect in Okfuskee County, Oklahoma, is being completed as a possible oil and gas producer after reaching a total vertical depth of 3,753 feet.

From log analysis, the well encountered several potentially productive zones over a gross interval in the Union Valley formation from 2865 to 2905 feet; the Jefferson Sand formation from 2974 to 2981 feet; and the Viola Limestone formation from 3643 to 3660 feet. Testing and completion plans were finalized August 1 and a completion rig and crew moved into location the week of August 2. Natural gas pipeline tie-in is slated for the week of August 16.

Chris Faulkner, CEO of Breitling Oil and Gas, said, "We are excited to hit a good well with three potential producing zones in less than 3800 feet." Faulkner added, "We will test the well and see where the IP lands and decide how many offsets Breitling wants to shoot for on the acreage block."

Breitling ran a density-neutron log, microlog and an induction log and decided to run pipe based in analysis by Breitling's engineers and geologists. Joe Simo, Chief Geologist for Breitling Oil and Gas, said, "With the zones we have and the logs I've reviewed there is a potential daily flow rate of 200 barrels and two to three MMCF of gas."