Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced that it has spud the Breitling-Golden Ridge #1H on December 6, 2011 in Logan County, Oklahoma.
The Breitling-Golden Ridge #1H is the first horizontal well in Breitling’s Golden Ridge Cleveland Sand development prospect. The Golden Ridge Prospect is a shallow stratigraphic oil and gas play with relatively low geologic and economic risk. The potential exists for Breitling Oil and Gas to drill up to 8 horizontal wells through the oil-bearing Cleveland Sand. The Cleveland 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 37 days. Hydraulic fracture stimulation and final completion operations should occur the second week of January 2012.
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, “Breitling has had great success drilling tight gas wells in other plays and it’s become a big part of our current business.” Faulkner added, “We have learned a lot about the Cleveland Sand play since the first horizontal was drilled in 1997 and we feel our acreage position is allowing us prime access to some of the fairway of the formation.”
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.