Breitling Oil and Gas Announces Spud of Breitling-Butterwash #2 in Murray County, OK
Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced that it has spud the Breitling-Butterwash #2 on September 25, 2011 in Garvin County, Oklahoma.
The Breitling-Butterwash #2 is the second well in Breitling’s Butterwash Paul’s Valley Uplift prospect . The Breitling-Butterwash #2 is a 4,700 foot well located on the Richardson anticline in south-central Oklahoma. The Breitling-Butterwash #2 is targeting Simpson Sands including the Basal Oil Sandstone. Secondary objectives include the Arbuckle formation.
Management anticipates the well will reach total depth in about 7 days. Well completion and testing should begin during the last week of October.
The company declined to disclose reserve potential or any further details regarding the prospect to the public.
Breitling Oil and Gas CEO Chris Faulkner stated, “The Basal Oil sands are usually laterally-continuous, thick and continuous in this area.” Faulkner added, “Based on our mapping we are trapped in by a four-way closed anticline in a down-dipped fault block.”
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.