Exploration & Production
Breitling Successfully Drills Latest Permian Well; Plans Follow-Ups
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Breitling Energy Corporation has reported the successful drilling of its first well on the Company's existing 3,680 acre farmout in Sterling County, Texas in the prolific Permian Basin.
The well reached total depth of 9,215 feet in late March and the Company elected to run pipe in the anticipation of fracking and completing the well in mid-May.
The Company has recently announced it had entered into a farmout agreement with Steller Energy and Investment Corporation to gain rights to the Permian Basin acreage.
Chris Faulkner, the Company's Chief Executive Officer, commented: "Considering we have the ability to down space to 20 acres in the area, we could have one-hundred plus drilling locations in Sterling County. The electric logs show potentially productive zones in the Cisco-Canyon…
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