Breitling Oil and Gas Announces Completion Operations Underway on Breitling-Yardeka #1
IRVING, TX (April 26, 2011) –
Breitling Oil and Gas today announced that the Breitling-Yardeka #1, the first well in its new Arkoma Basin gas field in McIntosh County, Oklahoma, is being completed as a possible natural gas producer after reaching a total vertical depth of 3,500 feet.
From log analysis, the well encountered several potentially productive zones over a gross interval in the Jefferson Sand from 3380 feet to 3390 feet; the Upper Gilcrease Sand from 2246 feet to 2378 feet; the Lower Gilcrease Sand from 2868 feet to 2870 feet; and the Cromwell Sand from 3227 feet to 3236 feet. Testing and completion plans were finalized April 21 and a completion rig and crew moved into location April 25. Natural gas pipeline tie-in is slated for the week of May 16.
Chris Faulkner, CEO of Breitling Oil and Gas, said, “We are excited about developing this shallow gas field.” Faulkner added, “We have good serendipity even though we are only drilling to 3500 feet.”
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, “We had good gas shows on the way down and from the logs we have some good-looking formations in this well and hopefully throughout the field.”
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.