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Breitling Energy Corporation continues moving forward with the upcoming completion of its second Permian Basin well, the Hoppe "63" #1 in Sterling County, Texas.
The well reached a total depth of approximately 8600 feet in the Lower Strawn on September 24, 2014 and was logged on the following day. Physical hydrocarbon shows and oil indicators on the logs were present in multiple formations, including the Middle Wolfcamp Lime, the Albaugh Lime, the Triple "M" Lime, Credo Lime, Cisco sands, Canyon "B" and "C" sands, the Cline sandy shale and finally in the Strawn Lime.
Quantitatively and by samples, we have determined the potential presence of oil in at least nine different formations. The Company plans a minimum 5 stage frac job starting on or around October 31, 2014.
Chris Faulkner, Breitling’s CEO, said, "We’re pleased with the initial overall developments in our Permian acreage to date and are continuing to execute our business plan of growth through the drill bit and development in the area.” Faulkner added, “These initial showings in the Hoppe '63' are very promising, and we plan to continue to develop our Permian acreage."
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