Breitling Oil and Gas Announces Completion Operations Underway on Bethel #1
IRVING, TX (December 17, 2010) –
Breitling Oil and Gas today announced that the Breitling-Bethel #1 in Seminole County, Oklahoma, is being completed as a possible oil and gas producer after reaching a total vertical depth of 3,300 feet.
From log analysis, the well encountered several potentially productive zones over a gross interval in the Senora Sand from 2291 to 2235 feet; the Thurman Sand formation from 2618 to 2626 feet; the Earlsboro Sand formation from 2712 to 2732 feet; and the Booch Sand from 3244 to 3268 feet. Testing and completion plans were finalized December 10 and a completion rig and crew moved into location the week of December 13. Natural gas pipeline tie-in is slated for the week of January 3, 2011.
Chris Faulkner, CEO of Breitling Oil and Gas, said, “We have good resistivity and porosity on the logs in multiple zones.” Faulkner added, “The well has good serendipity and a nice mix of oil and natural gas possibilities.”
Breitling ran a density-neutron log, microlog and an induction log and decided to run pipe based in analysis by Breitling’s engineers and geologists. Joe Simo, Chief Geologist for Breitling Oil and Gas, said, “The Bethel #1 has lots of positive signs as we have four good zones and came in high to the control wells.” Simo added, “We should definitely make a nice well here.”
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.