Breitling Oil and Gas Spuds First Well in Shallow Gas Field in McIntosh County, OK
IRVING, Texas, April 7, 2011 /PRNewswire/ — Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced today that it has spud the Breitling-Yardeka #1 in McIntosh County, Oklahoma on the northern edge of the Arkoma Basin. The Yardeka #1 is the first well to be drilled in Breitling’s newly developed gas field in the Basin. There are two major objectives within the prospect, the Jefferson Sand at 3450′ and the Upper Gilcrease Sand at 2300′. Secondary objectives include the Spiro Sand at 2800′, The Booch Sand at 1600′ and the Bartlesville Sand at 1150′.
The initial test well will be a 3500′ Jefferson Sand test. The Jefferson Sand is an excellent reservoir which is found productive on localized structural closures. Subsurface mapping on the Wapanucka Limestone indicates a possible northwest to southeast trending structural ridge over the Breitling-Yardeka prospect. Within this structural ridge there are several structural closures, three of which have produced from the Jefferson.
Management anticipates the well will reach total depth in about 4 days. Well completion and testing on the Breitling-Yardeka #1 well should begin during the third week of April 2011.
Breitling Oil and Gas CEO Chris Faulkner stated, “We have good well control in the area and these shallow sands are productive on all sides of us.” Faulkner added, “The field directly to our Southeast has produced over 6 BCF of gas.”
Breitling has current oil and gas exploration projects all over the United States.
For more information on this and other activities of the Company, see the Breitling Oil and Gas website at http://www.breitlingoilandgas.com.
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.
Director of Public Relations
Breitling Oil and Gas Corporation
SOURCE Breitling Oil and Gas Corporation