Breitling Oil and Gas Announces Completion Operations Underway on Bethel #1
IRVING, TX (January 20, 2011) –
Breitling Oil and Gas today announced that the Breitling-Union #1 in Pontotoc County, Oklahoma, is being completed as a possible oil and gas producer after reaching a total vertical depth of 2,351.
From log analysis, the well encountered several potentially productive zones over a gross interval in the Calvin Sand (1,254 feet to 1,308 feet), Woodford Shale (1,760 feet to 2,049 feet) and the Chimney Hill (2,094 feet to 2258 feet). Testing and completion plans were finalized January 8, 2011 and a completion rig and crew moved into location on January 14. Breitling is currently waiting on the availability of a hydraulic fracturing unit due to arrive on January 25, 2011.
Chris Faulkner, CEO of Breitling Oil and Gas, said, “The Union #1 was an easy well to drill and we had some good kicks going down to TD.” Faulkner added, “The Calvin Sand, the Woodford Shale and the Chimney Hill both look very promising.”
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, “The Union #1 had great shows through the Woodford, both fluorescents and cut.” Simo added, “We are going to lay a good frac on the Chimney Hill and see what we can get it to do and leave the Calvin for future behind-the-pipe.”
For more information on this and other activities of the Company, see the Breitling Oil and Gas web site at http://www.breitlingoilandgas.com.
Breitling has current oil and gas exploration projects all over the United States.
—About Breitling Oil and Gas Corporation–
Breitling Oil and Gas was founded in October 2004 to apply state-of-the-art petroleum and natural gas exploration and extraction technology to the development of onshore oil and natural gas projects. Our focus areas include Texas, Oklahoma and Louisiana. Breitling offers oil and gas investment opportunities through direct participation programs and oil and gas investment joint ventures which enable investors to participate in the potential cash flow and unique tax benefits associated with oil and gas investments. Especially important in a downturned economy, oil and gas investments allow savvy investors to diversify and reinforce their investment portfolios with a stable commodity that is in steady demand.