Breitling announces new oil field discovery in Taylor county, Texas
DALLAS, Jan. 30, 2014 /PRNewswire/ – Breitling Energy Corporation (BECC) (the “Company”) announced it has drilled the first well in its Breitling-Leafwing prospect and has announced today a new field discovery in Taylor County, Texas, about 10 miles north of Abilene, Texas. The Teaff #1 well discovered oil in the Lower Hope Lime at a depth of 2630’. A drill stem test recovered 1050’ of oil and 750’ of heavy oil cut mud along with 400’ of water. Initial swabbing tests produced oil at a rate of approximately 210 BOPD. Updated maps indicate the presence of four to five additional locations. They anticipate the Teaff #1 well will pump at a rate of approximately 110 BOPD. Surface facilities are currently being installed and oil sales are scheduled to be…"
Not bad for only 2630 feet!
Source yahoo finance
http://finance.yahoo.com/news/breitling-energy-corporation-announces-oil-134000184.html