Breitling Energy CEO Keynotes Prominent UAE Energy Forum

Dallas, Texas – January 7, 2016 – Breitling Energy Corporation (OTCBB:BECC) Chairman and CEO, Chris Faulkner, has been invited as the keynote speaker at the 7th Gulf Intelligence UAE Energy Forum next Tuesday in Abu Dhabi, UAE.

Faulkner will address the outlook for US shale in 2016 and beyond to kick-off the one-day conference, which has been thrust into the forefront of world affairs in light crises in China and the Middle East. Faulkner then joins Platts Global Editorial Director of Oil, Dave Ernsberger for the first breakout session, discussing these new major international developments of 2016 and how they will affect the world’s oil markets.

“There has been a significant axis shift globally in just a few short days of 2016. I thought we would be discussing the dynamics of $40 dollar oil and now, virtually overnight, we have China’s economy crashing and the Middle East on the edge of conflict. All of this will have ripple effects and oil has been taking a gut punch. This is an amazing time to be in the Middle East and speaking to such a prestigious group of colleagues,” Faulkner said.

The Forum is hosted by The Gulf Intelligence, a leader in knowledge exchange and networking between stakeholders in Energy, Healthcare, Banking and Finance across the Gulf.

 

ABOUT BREITLING ENERGY CORPORATION

Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas, engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy’s oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.

 

 

CONTACT:

 

Thomas Miller, VP of Communications, Breitling Energy, 214-716-2600

tmiller@breitlingenergy.com

 

 

SOURCE Breitling Energy Corporation

Breitling Energy CEO Chris Faulkner Addressing Asian Pacific Shale Conference

Dallas, Texas – November 6, 2015 – Breitling Energy Corporation (OTCBB:BECC) Chairman and CEO, Chris Faulkner will share his expertise at the SPE Asia Pacific Unconventional Resources Conference in Brisbane, Queensland, Australia Monday afternoon. The conference theme is “The New Energy Age: Building on Success,” and will explore current market conditions and advancements made in shale development since prices dropped one year ago.

Faulkner joins an afternoon Executive panel to explore the importance of shale development in the region. Australia is particularly interested in how its vast shale oil and natural gas resources can be developed and sent to market. Australia struggles with similar challenges faced in the rest of the Asian Pacific rim of being able to commercially extract unconventional resources, particularly at today’s prices.

The Conference brings some of the primary thought leaders who have knowledge and experience in the region to explore solutions and offer strategies. “This is the focal point of the planet right now, the entire Asian region,” Faulkner said. “Not only is China now the world’s largest energy consumer, but this whole region relies on foreign oil for survival. What they need is technology and advice to help them develop the abundance they’ve been blessed with. So far, much of it is sitting in the ground due to what seem to be insurmountable costs and challenges,” Faulkner added.

The three-day conference and exhibit hall is being held at the Brisbane Convention and Exhibition Centre.
 

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements, including information about management’s view of the Company’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this press release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of the Company, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on the Company’s future results. The forward-looking statements included in this press release are made only as of the date hereof. The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, the Company undertakes no obligation to update these statements after the date of this press release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for or released by the Company.

 

ABOUT BREITLING ENERGY CORPORATION
Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas, engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy’s oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.

 

CONTACT:

Thomas Miller, VP of Communications, Breitling Energy, 214-716-2600
tmiller@breitlingenergy.com

 

SOURCE Breitling Energy Corporation

Breitling Energy CEO Chris Faulkner Advocates Fracking For England’s Abundant Resources at Energy Live 2015

Dallas, TX – November 4, 2015 – Breitling Energy Chairman and CEO, Chris Faulkner, will address the Energy Live 2015 conference in London tomorrow, discussing the on-going debate in the UK about whether shale extraction of oil and natural gas could safely be performed in Great Britain.

According to a study released last year by the University of Manchester, England could have such a vast gas supply locked up in shale that it could fuel the country’s electricity needs for the next four centuries. However, environmental activists have virtually halted efforts to develop shale resources due to what Faulkner believes is misinformation and unfounded scare tactics.

“If England were to safely begin developing its abundant natural gas, it would be like unearthing another Marcellus and Utica shale in the US. It appears to be such a vast supply that it could put the UK on the map as one of the world’s prominent energy producers and uncouple them from Russian imports,” Faulkner said.

Natural gas isn’t the only abundant resource the island may hold. A 2015 discovery well in the Weald formation near Gatwick airport indicated a substantial oil deposit in the area. Further study by Schlumberger confirmed estimates of upwards of 100 billion barrels of oil, making the field’s potential larger than the total output of the Permian Basin.

“One of the reasons I come to England to advocate save, responsible fracking is because of how much potential this country has. To ignore it based on unfounded environmental ‘boogie-man’ concerns is irresponsible in my opinion,” Faulkner said.

Energy Live 2015 kicks off with a keynote speech from Andrea Leadsom, a Conservative Member of Parliament for South Northamptonshire and Minister of State for Energy and Climate Change.
 

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements, including information about management’s view of the Company’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this press release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of the Company, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on the Company’s future results. The forward-looking statements included in this press release are made only as of the date hereof. The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, the Company undertakes no obligation to update these statements after the date of this press release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for or released by the Company.

 

ABOUT BREITLING ENERGY CORPORATION
Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas, engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy’s oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.

 

CONTACT:

Thomas Miller, VP of Communications, Breitling Energy, 214-716-2600
tmiller@breitlingenergy.com

 

SOURCE Breitling Energy Corporation

Breitling Energy CEO Leading China Summit on Shale Oil and Gas Production

Dallas, Texas – October 29, 2015 – Breitling Energy Chairman and CEO, Chris Faulkner is headlining the 4th China International Shale Gas Summit 2015 in Beijing today, discussing how U.S. shale is affecting world prices and development.

China is world’s largest energy consumer and fuels about 70-percent of that demand from coal. Chinese energy leaders have noted the impact of hydraulic fracturing on U.S. natural gas production and how the rise of gas-fired power plants quickly reduced carbon emissions in the States. China’s energy plan calls for a 3,000-percent increase in natural gas production by 2020 to help facilitate a shift from coal to natural gas. The superpower is also strategizing how it can supply enough oil for its long-term transportation demands.

However, China faces mounting technical challenges to replicate U.S. shale production, including cost of development, difficult geological formations and the availability of fresh water to facilitate fracture stimulation.

Chris Faulkner earned an international reputation speaking on behalf of United States shale development and will present an outlook on what has taken place here and what could be applied in China.

“China faces an uphill battle to replicate what we have done, but I’m impressed with their commitment to increase the number of natural gas power plants to reduce emissions,” Faulkner said. “Obviously they are a major player on the international energy stage and as we’ve seen, their demand for oil has a direct impact on prices, so this will be a very interesting discussion and I’m honored to be one of the first to address this prestigious group of Chinese energy thought leaders.”

The Summit concludes tomorrow at the Beijing Doubletree Hotel.
 

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements, including information about management’s view of the Company’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this press release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of the Company, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on the Company’s future results. The forward-looking statements included in this press release are made only as of the date hereof. The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, the Company undertakes no obligation to update these statements after the date of this press release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for or released by the Company.

 

ABOUT BREITLING ENERGY CORPORATION
Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas, engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy’s oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.

 

CONTACT:

Thomas Miller, VP of Communications, Breitling Energy, 214-716-2600
tmiller@breitlingenergy.com

 

SOURCE Breitling Energy Corporation

Breitling Energy Chairman & CEO To Address Seoul World Knowledge Forum

October 20, 2015 – Dallas, Texas – Chris Faulkner, Breitling Energy Corporation (OTCBB:BECC) Chairman and CEO will address the 2015 World Knowledge Forum tomorrow in Seoul South Korea.

The panel discussion will address the prospects for US shale oil production, including its influence on global energy dynamics, effect on supply and demand, its implications for the oil producing countries of the Arabian Gulf and the global energy industry as a whole.

The World Knowledge Forum, established in 2000, is Asia’s largest and most prestigious business and opinion leader forum, attracting upwards of 3,000 attendees annually. This year’s notable speakers include former Great Britain Prime Minister Tony Blair, former US Treasury Secretary Timothy Geithner and former US Secretary of Defense Leon Panetta.

“I am honored to have been asked to represent the US perspective of shale oil and gas development to this esteemed Forum of world leaders,” Faulkner said. “Obviously shale’s influence in world geopolitical affairs is still of great interest. The dynamic of better-than-expected shale performance through the downturn has everyone’s attention as to what role it will play in the world’s energy perspective. I obviously have strong opinions that US domestic shale is here to stay and that the United States will continue to play a prominent role in providing affordable energy for decades,” Faulkner said.

The Forum theme for 2015 is “Mapping the Zeitgeist” and will explore new paradigms of world geopolitical strategies, given changing conditions in Asia, Russia and the United States.
 

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements, including information about management’s view of the Company’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this press release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of the Company, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on the Company’s future results. The forward-looking statements included in this press release are made only as of the date hereof. The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, the Company undertakes no obligation to update these statements after the date of this press release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for or released by the Company.
 

ABOUT BREITLING ENERGY CORPORATION
Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas, engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy’s oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.

 

CONTACT:

Thomas Miller, VP of Communications, Breitling Energy, 214-716-2600
tmiller@breitlingenergy.com

 

SOURCE Breitling Energy Corporation

Breitling Energy Appoints Investor and Investment Banker Cesar A. Baez to Board of Directors

October 15, 2015 – Dallas, Texas – Breitling Energy Corporation (OTCBB: BECC) announces the appointment of Cesar A. Baez to the Board of Directors, effective immediately.

Mr. Baez is currently President of YiP Television, a multicultural paid live TV (OTT) service targeting the immigrant community in the United States by offering live TV networks with relevant content from their country of origin. He also founded and was Managing Partner of Centinela Capital Partners, a $1 billion private equity fund of funds.

Mr. Baez has nearly three decades experience in private equity, asset management, media and investment banking. He was a former Partner and Principal of Hicks, Muse, Tate & Furst, where he co-founded the firm’s Latin America private equity investment initiative. Following his tenure at Hicks Muse, Baez co-founded and was Managing Partner of Momentum Media Capital, a New York City-based Investment firm that focused on Hispanic and ethnic media companies in the U.S. market.

In 2006, Mr. Baez, was awarded the prestigious Ellis Island Medal of Honor, which pays tribute to U.S. citizens from various ethnic backgrounds. He also serves on the Board of Directors of Lenox Inc., Rockfish Grill and Spencer Enterprises.

“We are thrilled to add Cesar Baez to our Board of Directors. His depth of experience in private equity, investment banking and media is extensive to say the least,” said Chris Faulkner, Breitling Energy Chairman and CEO. “Cesar knows our business model well and with his knowledge and history of growing viable businesses, we are honored that he accepted our invitation to join the Breitling Energy Board.”

Mr. Baez is also an Adjunct Professor at Wagner College where he teaches a course on Alternative Investments to MBA candidates. He earned a B.S. degree in Economics and Business Administration from Wagner College in New York City.
 

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements, including information about management’s view of the Company’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this press release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of the Company, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on the Company’s future results. The forward-looking statements included in this press release are made only as of the date hereof. The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, the Company undertakes no obligation to update these statements after the date of this press release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for or released by the Company.
 

ABOUT BREITLING ENERGY CORPORATION
Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas, engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy’s oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.

 

CONTACT:

Thomas Miller, VP of Communications, Breitling Energy, 214-716-2600
tmiller@breitlingenergy.com

 

SOURCE Breitling Energy Corporation

Breitling Energy Participating in Oil and Gas Awards 2015 in Dallas

October 14, 2015 – Dallas, TX – Breitling Energy Corporation (OTCBB:BECC) (the “Company”) has been nominated for an award in Excellence for Corporate Responsibility for the 2015 Oil and Gas Awards for the Southwest and Midcontinent Regions. The Company won the same recognition last year at the 2014 Southwest region Oil and Gas awards presentation.

Also, Breitling Energy Chairman and CEO, Chris Faulkner, will speak at a leadership symposium during the oil and gas awards Industry Summit, set for 9:20 AM central time at the Westin Dallas Park Central Hotel. Faulkner will discuss important industry topics including how to drive productivity in today’s market, using innovation to drill more affordably, how to eradicate waste in the production process and how to maintain a motivated staff during challenging economic times.

“It is of special note that Breitling Energy has not had a single layoff during these challenging times,” Faulkner noted. “I’m glad that Oil and Gas Awards wanted to discuss motivating the staff because that is something we have been highly focused on and is near and dear to my heart. I feel we’ve done a very good job of keeping our morale high and our daily bottom-line results or reflecting that. I am also honored to once again be in the running for the Excellence in Corporate Social Responsibility Award. Everything we do at Breitling Energy is focused on raising the bar for the industry in this important area,” Faulkner said.

The Oil and Gas Awards presentation is part of a black tie dinner featuring Texas State Senator Donald Huffines as Guest of Honor and keynote speaker.
 

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements, including information about management’s view of the Company’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this press release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of the Company, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on the Company’s future results. The forward-looking statements included in this press release are made only as of the date hereof.  The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements.  Finally, the Company undertakes no obligation to update these statements after the date of this press release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for or released by the Company.
 

ABOUT BREITLING ENERGY CORPORATION
Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas, engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy’s oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.

 

CONTACT:

Thomas Miller, VP of Communications, Breitling Energy, 214-716-2600

 

SOURCE Breitling Energy Corporation

Breitling Energy Corporation Announces Spud of Sellers ‘60’ #1 Well

 Breitling Energy Corporation Announces Spud of Sellers ‘60’ #1 Well Dallas, TX – October 1, 2015 – Breitling Energy Corporation (OTCBB:BECC) (the “Company”) announces drilling operations on its fourth well under the previously announced Farmout Agreement in the Permian Basin of West Texas. The Sellers ‘60’ #1 spud on September 21, 2015 and is currently drilling through approximately 3,000 feet. The well is targeting a total depth of approximately 9,000 vertical feet in early October under normal field operations.

The Company anticipates intersecting similar pay zones as its other three wells on the acreage: the #1 Hoppe ‘63’, the Parramore #1 and the Sellers ‘66’ #1, all of which were drilled to a similar depth in 2014 and early 2015. Potential pay zones anticipated include the Albaugh and Middle Wolfcamp, Triple M Credo, Cisco sands, Strawn Lime and the Cline shale.  

“According to Baker Hughes, there were 838 rigs drilling in North America and 250 are in the Permian Basin. I’m proud that one of those belongs to Breitling Energy,” said Chris Faulkner, Company Chairman and CEO. “We firmly believe in the future of American shale, and there’s no better place to be, in our opinion, than the Permian. The economics work for us at today’s price levels so we’re drilling.”

The Company is still on track to drill eight wells on its Permian Basin lease to earnnout the total acreage under the Farmout Agreement. Based on the results of the initial eight wells, the Company may opt to drill out the acreage using the most successful wells to guide its future drilling locations.

View Breitling Energy’s Corporate Presentation here .
 

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements, including information about management’s view of the Company’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this press release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of the Company, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on the Company’s future results. The forward-looking statements included in this press release are made only as of the date hereof. The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, the Company undertakes no obligation to update these statements after the date of this press release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for or released by the Company.

 

ABOUT BREITLING ENERGY CORPORATION
Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas, engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy’s oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.

CONTACT:

Thomas Miller, VP of Communications, Breitling Energy, 214-716-2600
Gil Steedley, VP of Capital Markets, Breitling Energy, 214-716-2600

 

SOURCE Breitling Energy Corporation

Breitling Energy CEO Addressing Platts Oil and Gas Conference in NYC

August 26, 2015 – Dallas, Texas – Breitling Energy Corporation (OTCBB:BECC) Chairman and CEO, Chris Faulkner, will address the Platts/Bentek Benposium East 2015 conference at the Conrad New York in a panel discussion tomorrow at 9:30 a.m. EDT.

Bentek Energy, a unit of Platts, provides data-driven market analytics to the oil, natural gas and NGL markets.  Faulkner’s panel follows the keynote by Ed Morse, Head of Global Commodity Research for Citigroup.

Discussion topics range from forecasts for the 2015/2016 winter season to the obvious analysis of the past week’s markets.   Joining Faulkner will be Jan Rune Schopp, President of Statoil, the Norwegian multinational oil and gas company based in Stavanger, Norway; Thomas Watters, Managing Director of Standard & Poor’s Ratings Services; Jonathan Wagner, CFO of Ospraie Management, LLC, a commodities-focused asset management firm based in New York and Mark Florian, Head of Infrastructure Funds at First Reserve, the world’s largest global private equity investment firm exclusively focused on energy

“Since 1985, Bentek has been recognized as the ultimate source for information and analysis in our industry.  This conference brings together some of the premier thought leaders affecting the energy conversation today.  This symposium lineup reflects the high standards of the Bentek and Platts brands and I am honored to be a part of the program,” Faulkner said.

The two-day Benposium East 2015 concludes Friday morning at the Conrad with sessions on take-aways from the 2015 market developments and a look at US exports, including Mexico and global LNG.

 

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements, including information about management’s view of the Company’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this press release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of the Company, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on the Company’s future results. The forward-looking statements included in this press release are made only as of the date hereof.  The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements.  Finally, the Company undertakes no obligation to update these statements after the date of this press release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for or released by the Company.

 

ABOUT BREITLING ENERGY CORPORATION

Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas, engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy’s oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.

 

CONTACT:

Thomas Miller, VP of Communications, Breitling Energy, 214-716-2600

 

SOURCE Breitling Energy Corporation

Breitling Energy Announces New 14-Well Development Program

August 4, 2015 – Dallas, Texas – Breitling Energy Corporation (OTCBB:BECC) (the “Company”) announces a new non-operated 35-percent participation in a 14-well developmental drilling program in West Texas, with the first spudding tomorrow.

Phase One has seven wells planned; six in Kent County and one in Knox County.  The total acreage is approximately 8,500 non-contiguous acres between the two counties, leased throughout the past two years.

The prospects, which target oil with associated gas, are located on the eastern shelf in the upper Permian Basin, in a proven area with a long history of successful production.  The major payzones between the 14 wells could include the Ellenburger, Mississippian, Bend Conglomerate, Strawn Sand, Frye Sand, and the Tannehill formations.  Subsurface mapping, seismic and geochemical analysis were used to pinpoint the drilling locations.

The first well, Barker Trust #1, will be drilled vertically to approximately 5,000 feet in Kent County over a two-week period, with the Tannehill sand as the primary oil objective.  The other six wells of Phase One should be drilled consecutively, with three to five days in-between to move the rig.

Drilling will employ approximately a dozen total rig workers throughout the duration of the first seven wells, in addition to completion crews for logging and cementing.  Phase Two, consisting of seven additional wells, will be initiated after the completion of Phase One.

The acreage offers the ability to offset successful wells with two or three additional locations.  There could be as many as 35 or 40 total wells across the acreage, should the initial phases be successful as expected.

“We are excited to partner in this new development, extending our growth through the drill bit as we outlined in our business plan,” said Chris Faulkner, Breitling Energy Chairman and CEO.  “The subsurface work appears favorable for this area and we have the ability to grow and expand here.  The diversification of fourteen wells between two phases gives us a wide growth margin.  If we offset even half of them, that still is a substantial asset for the Company.  These are vertical wells ranging from about 2,000 to 5,000 feet depending on the area, which offers us even greater leverage in today’s price environment,” Faulkner added.

 

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements, including information about management’s view of the Company’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this press release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of the Company, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on the Company’s future results. The forward-looking statements included in this press release are made only as of the date hereof.  The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements.  Finally, the Company undertakes no obligation to update these statements after the date of this press release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for or released by the Company.

 

ABOUT BREITLING ENERGY CORPORATION

Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas, engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy’s oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.

 

CONTACT

Thomas Miller, VP of Communications, Breitling Energy, 214-716-2600

Gil Steedley, VP of Capital Markets, Breitling Energy, 214-716-2600

 

SOURCE: Breitling Energy Corporation

Breitling Energy Issues Letter to Stockholders and Business Associates

June 25, 2015 – Dallas, Texas- Breitling Energy Corporation (OTCBB:BECC) (the “Company”) is committed to keeping you informed on the activities of the Company and expectations going forward.

I am pleased to announce that we are continuing to execute our strategy as highlighted by our Corporate Presentation which is available on our website at www.breitlingenergy.com.

Our management team has been working tirelessly amidst multiple obstacles including completing our 2013 and 2014 internal audit, a change in our CFO position and external audit firm, lower oil prices and the reality of excessive leverage that entered the exploration and production sector as a whole although the Company maintains no debt, and I greatly appreciate their relentless willingness to overcome such hurdles that we could not predict a year ago.

The first update is regarding our 2013 and 2014 audit, which is proceeding methodically.

On February 27, 2015, the Company terminated Rick Hoover as its Chief Financial Officer and appointed David Kovacs as interim Chief Financial Officer.  In addition, Rothstein Kass, the Company’s external auditor for the year ended December 31, 2013, was acquired and then unexpectedly terminated all services and support to the Company.  MaloneBailey, LLP was thus engaged to re-audit the Company’s 2013 financials, and then began auditing the 2014 financial statements.

Because of the extent of the 2013 re-audit combined with the complexity of our three operating divisions, the initial audit timeframe exceeded expectations thus delaying our 2014 financial statements.  Management, our auditors and our financial statement consulting firm are working diligently to complete both audits and the Form 10-K as soon as practical.

Meanwhile, execution of our strategy continues with the following highlights:

Our management team continues analyzing and meeting regularly with potential joint venture (“JV”) or acquisition candidates.

The Company completed fracking operations on the Hoppe 63 #1 well in the Permian Basin.  As with our drilling operations, our completion efforts are without debt.

The Sellers ‘66’ #1 well was spud in March, reaching a depth of approximately 8,600 feet and is on target for fracturing operations in the next 30 days, again on a no debt basis which is critically important in this environment.

A new strategic relationship was formed with Patriot Energy (“Patriot”) to expand the Company’s asset management division, and all affiliation activities with Patriot are exceeding our expectations.

The Company participated in the Cole #1 well, which reached total depth in May hitting all targeted Permian zones.  Fracking and completion proceedings are expected in the next 60 days.

The Company acquired non-operating working interest assets in the Hunton play of northwestern Oklahoma, continuing its strategy of purchasing distressed properties at reasonable prices to add value.

The Hankamer #1, in which the Company owns a non-operated working interest, was completed in Newton County, Texas in an established area known to management.   The vertical well encountered two expected pay zones in the Norian Yegua field.

Going forward, we anticipate near-term completion of the multi-year audit and full release of the 2014 financial statements.

We are continuing our relentless pursuit of acquisitions and JV relationships to advance stockholder value without acquiring unserviceable debt.

Additional growth through the wellbore is anticipated through 2015 and 2016 with further development of our farmout leasehold in the Permian Basin as well as participation in strategic non-operated working interests and royalty interests.

We anticipate oil prices to continue to range between slightly below current levels on the low side to near $70 per barrel on the high side.  Along with the rest of the industry, we are adapting to profitability in this oil price environment, with our Permian Basin assets leading that strategy.

By capitalizing on our successes through our first 18 months and resolving outstanding weaknesses, I am excited about Breitling Energy’s future growth potential through acquisition and development.  We have an excellent management team that is working far beyond expectation to achieve our goals.

Lastly, I would like to thank our stockholders who continue to have faith in our vision and my team’s ability to execute.  Your continued support inspires us to be relentless in our quest to exceed your expectations.

 

Sincerely,

Chris Faulkner

Chairman, President and Chief Executive Officer

 

 

FORWARD-LOOKING STATEMENTS This press release may contain forward-looking statements, including information about management’s view of the Company’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this press release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of the Company, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on the Company’s future results. The forward-looking statements included in this press release are made only as of the date hereof.  The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements.  Finally, the Company undertakes no obligation to update these statements after the date of this press release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for or released by the Company.

 

ABOUT BREITLING ENERGY CORPORATION

Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas, engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy’s oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.

 

CONTACT

Thomas Miller, VP of Communications, Breitling Energy, 214-716-2600

Gil Steedley, VP of Capital Markets, Breitling Energy, 214-716-2600

 

SOURCE: Breitling Energy Corporation

 

Breitling Energy’s Chris Faulkner “Frackmaster” Addressing Rotterdam Erasmus Energy Forum 2015

Dallas, Texas – June 18, 2015 – Breitling Energy Corporation (OTCBB:BECC) CEO and Chairman, Chris Faulkner, who has been adopted in the media as “the Frackmaster” for his outspoken views on hydraulic fracturing, is addressing the 2015 Erasmus Energy Forum today at the Buers-World Trade Center in Rotterdam.

Faulkner will participate in a unique audience participation question and answer session, in which conference attendees will vote using a cell-phone app on six environmental questions about energy decentralization in Europe.  Questions range from whether it is realistic to who should pay for it, and how natural gas could be a bridge fuel to the future.

Faulkner is also the featured speaker at the evening dinner session, where he will offer a brief history of US oil and gas, leading up to how fracking was adapted to shale, with insight on how it applies to the Netherlands issues today.

“This conference is on the cutting edge of the future of both renewable fuels and fossil fuels.  This is where leaders of our generation are mapping out the best strategies for the next generation.  What is being discussed here is critically important to what our next generation will inherit from us in the energy sector,” Faulkner said.  “Fossil fuels will certainly play a part in that future and I’m here to help shed light on that aspect, based on what has happened over the last ten years in America.”

 

ABOUT BREITLING ENERGY CORPORATION

Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas, engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy’s oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.

 

CONTACT: Thomas Miller, VP of Communications, Breitling Energy, 214-716-2600

 

SOURCE Breitling Energy Corporation