Breitling Oil and Gas Announces Completion Operations Underway on The Burr #1 in Jefferson County, TX
IRVING, TX (August 17, 2010) – Breitling Oil and Gas today announced that the Burr #1, the first well it its Gulf Coast Onshore initiative in Jefferson County, Texas, is being completed as an oil and gas producer after reaching a total vertical depth of 14,400 feet.
From original log analysis, the well had several potentially productive pay zones over a gross interval in the Hackberry Sand. The well was re-entered, cleaned, screened and gravel packed to prevent formation sand from re-entering the well bore. Well testing and completion plans are being finalized and the well should be tied into paid sales with 30 days.
Chris Faulkner, CEO of Breitling Oil and Gas, said, “the Burr #1 was a deep well and we are excited to have three perfs in the Hackberry that look productive.” Faulkner added, “We have been on location three months and are certainly excited to finally be in the completion window.”
In May 2010, Breitling announced it has acquired thousands of acres of leases in the Gulf Coast regions of Texas and Louisiana as it continues to expand its Gulf Coast Onshore initiative. Breitling identified 29 future oil and gas drilling locations within the acreage.
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 April 2003 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