Breitling Oil and Gas Develops Gulf Coast Onshore Acreage

TexasBusiness.com


Breitling Oil and Gas Develops Gulf Coast Onshore Acreage | Breitling Oil and Gas, independent exploration, Gulf Coast, Onshore Initiative, Breitling Salsa, Prospect, Plymounth Field, natural gas, barrel of oil, greta massive formation, anticlinal,

Texas Business reports:  Irving—Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving , has spud the Breitling-Salsa #1 in San Patricio County, Texas as it continues to develop its "Gulf Coast Onshore Initiative" that began in May 2010. 

The Breitling-Salsa #1 Prospect is expected to be drilled to 4800 feet to test Upper Frio-aged oil and gas sands.

The drill site is near two fields that together have produced 210 million barrels of oil (BO) and 314 billion cubic feet (BCF) of natural gas.  

The prospect is targeting stacked Frio objectives in a four-way closure (anticline) updip to oil production in the Plymouth Field (125 million BO and 134 BCF).

The primary objectives of the Breitling-Salsa Prospect are 3 proven productive zones in the Greta Stringer formation and 2 zones in the Greta Massive formation. The anticlinal structure is generally defined by subsurface well control with the interpretation and proposed location confirmed by integrating 3D Seismic.

Management anticipates the well will reach total depth in about 8 days. Well completion and testing on the Breitling-Salsa #1 well should begin during the third week of May 2011.

“You have huge surrounding production from the Frio, Miocene and Vicksburg-aged sandstone reservoirs in this area,” said Breitling Oil and Gas chief executive Chris Faulkner in a prepared statement.  “The Breitling-Salsa has great potential to IP above 200 barrels of oil per day and show us cumulative production above 700,000 barrels.”

Breitling has current oil and gas exploration projects all over the United States.

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. The firm focuses on Texas, Oklahoma and Louisiana.