IRVING, Texas, Oct. 3, 2011 /PRNewswire/ -- Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced that it has spud the Breitling-Butterwash #1 on September 25, 2011 in Murray County, Oklahoma.
The Breitling-Butterwash #1 is a shallow 3,500-foot test well located on the hanging-wall of the prolific Paul's Valley Uplift. The Breitling-Butterwash #1 is targeting the Basal Oil Sandstone. Secondary objectives include the Arbuckle formation.
Management anticipates the well will reach total depth in about 5 days. Well completion and testing should begin during the third week of October.
The company declined to disclose reserve potential or any further details regarding the prospect to the public.
Breitling Oil and Gas CEO Chris Faulkner stated, "We have good seismic across the area and are optimistic we can make a good well in this prolific producing area." Faulkner added, "We should have good structure and trap integrity based on our mapping and sub-surface well control."
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.
Director of Public Relations
Breitling Oil and Gas Corporation
SOURCE Breitling Oil and Gas Corporation