Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced that it has spud the Breitling-Teal #1 on April 6, 2012 in Victoria County, Texas.
The Breitling-Teal #1 is the first vertical well in Breitling’s Teal Frio Sand development prospect. The Teal Prospect is a 5,200 foot vertical test well. The potential exists for Breitling Oil and Gas to drill up to 3 additional wells through the oil-bearing Frio sand sections.
Management anticipates the well will reach total depth in about 8 days. Completion operations should occur the last week of May 2012.
Breitling Oil and Gas CEO Chris Faulkner stated, “We have worked Victoria County for many years and feel we have generated a good prospect here.” Faulkner added, “We have good sub-surface mapping and good key wells to drill off of.”
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.