Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced today that it has spud the Breitling-Brown Billy #2 in Live Oak County, Texas as it continues to develop its “Gulf Coast Onshore Initiative” that began in May 2010.
The Breitling-Brown Billy #2 Prospect is expected to be drilled to 5,500 feet to test the Upper and Lower Yegua oil sands. The trapping structure is generally defined by subsurface well control with the interpretation and proposed location confirmed by integrating 3D Seismic from Breitling’s shoot in 2011.
Management anticipates the well will reach total depth in about 6 days. Well completion and testing on the Breitling-Brown Billy #2 well should begin during the last week of July 2012.
Breitling Oil and Gas CEO Chris Faulkner stated, “We feel we have a good Yegua trap, delineated by 3-D seismic and is structural closure on the high side of a large, arced, down-to-the-coast fault.” Faulkner added, “The well-defined structure, the oil productive amplitudes of the fault block, and the upthrown productive look of the Lower Yegua sands in surrounding well control indicate the fault block is productive.”
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.