IRVING, Texas, March 11, 2011 /PRNewswire/ -- Breitling Oil and Gas today announced that the Breitling-South Cadena #1 in Duval County, Texas is being completed as a possible oil and gas producer after reaching a total vertical depth of 5,729 feet.
From log analysis, the well encountered several potentially productive zones over a gross interval in the Yegua 3 Sand formation from 5194 feet to 5199 feet and the Yegua 5 Sand formation from 5383 feet to 5397 feet. Testing and completion plans were finalized March 2 and a completion rig and crew moved into location on March 9, 2011.
Chris Faulkner, CEO of Breitling Oil and Gas, said, "The Yegua 3 and 5 are good producers in the area." Faulkner added, "Our sidewall cores show free-flowing oil through the sands and we are confident we have a good producer here."
Breitling ran a density-neutron log, microlog and an induction log and decided to run pipe based on analysis by Breitling's engineers and geologists as well as Weatherford Laboratories' analysis of the sidewall cores shot in the zones of interest. Joe Simo, Chief Geologist for Breitling Oil and Gas, said, "The South Cadena #1 had great oil shows." Simo added, "We had great fluid content in those zones and the completion should be fairly quick and easy in this area."
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.
Director of Public Relations
Breitling Oil and Gas Corporation
SOURCE Breitling Oil and Gas Corporation