Breitling Oil and Gas Announces Spud of Breitling-South Cadena #1
IRVING, TX (February 14, 2011) –
Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced today that it has spud the Breitling-South Cadena #1 in Duval County, Texas.
The prospect is located in the Cadena Field in Duval County, seven miles Southwest of San Diego, Texas. The field has produced over 2 million barrels of oil and 17 BCF of natural gas. The proposed location is for a 6,000 foot test of six potential productive zones including the Cole Sand, Hockley Sand, Pettus Sand, Hiawatha Sand and the prolific Yegua 1 and Yegua 6 Sands. “We are updip to a well that has produced 3 BCF of gas and 285,000 barrels of oil” said Joe Simo, Chief Geologist for Breitling Oil and Gas.
Management anticipates the well will reach total depth in about 12 days. Well completion and testing should begin during the first week of March.
Breitling Oil and Gas COO Parker Hallam stated, “We have a great operations team on location and a drilling contractor that knows this area well.” Hallam added, “They have drilled some phenomenal wells for us in this area in the past so we expect nothing less this time around.”
An additional 4 wells can be drilled if commercial production is found in the initial test well.
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.