Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced that it has spud the Breitling-Bear Run #1H on April 2, 2012 in Custer County, Oklahoma.
The Breitling-Bear Run #1H is the first horizontal well in Breitling’s Bear Run horizontal Cottage Grove development prospect. The Bear Run Prospect will be drilled to a total measured depth of 13,000 feet. The potential exists for Breitling Oil and Gas to drill up to 8 horizontal wells through the oil-bearing Cottage Grove formation. The Cottage Grove formation is an excellent candidate for horizontal drilling due to high volumes of oil in place and reliable predictability of sand deposition.
Management anticipates the well will reach total measured depth in about 34 days. Hydraulic fracture stimulation and final completion operations should occur the first week of May 2012.
Breitling Oil and Gas CEO Chris Faulkner stated, “We have learned lot from studying the results from our vertical Cottage Grove wells in the past.” Faulkner added, “Our early results indicated fracture growth through barriers and also tip screenout which provided a basis for changes in sand scheduling during treatment and in our design of frack treatments which we will begin using in this well.”
For more information on this and other activities of the Company, see the Breitling Oil and Gas website 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.