Breitling Oil and Gas Announces Spud of Breitling-Turner #3
Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced today that it has spud the Breitling-Turner #3 in Hardeman County, Texas. The Prospect was delineated using geological and geophysical techniques and data gained from the drilling of the Breitling-Turner #1 and the Breitling-Turner #2.
The wells are located within a 640-acre closure mapped at the Holmes Sand and the Mississippian Chappel dolomite formations above an estimated total vertical depth of 7,600 feet. The Holmes is a high-quality sand reservoir encased in hydrocarbon-rich Barnett shale, similar to the Bakken shale in North Dakota.
“We are continuing with our drilling plan for the Breitling-Turner prospect by drilling this third well in the field,” said Joe Simo, Chief Geologist for Breitling Oil and Gas.
Management anticipates the well will reach total depth in about 27 days. Well completion and testing could begin as early as the second week of February 2012.
Breitling Oil and Gas CEO Chris Faulkner stated, “Each of the Turner wells have been getting better and better for us.” Faulkner added, “We feel the Breitling-Turner field will be a good oil producer for Breitling and its partners.”
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.