Breitling Oil and Gas Enters the Bakken Shale Play

IRVING, Texas, Dec. 27, 2011 /PRNewswire/ -- Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced that it has acquired a large acreage position in the Sand Creek field, a proven and prolific part of the Bakken Shale formation in McKenzie County, North Dakota.  

Breitling plans to drill the initial 6 Bakken and Three Forks wells during the next 24-36 months, which will represent the start of a continuous, multi-rig development program for the company.

"Our significant acreage position in a prolific area in McKenzie County gives us a considerable competitive advantage in the Bakken and Three Forks," said Chris Faulkner, chief executive officer of Breitling Oil and Gas. "We believe the Bakken and Three Forks represent a game-changing resource play for the United States and will be a major focus of Breitling's future exploration and production activities."

The Bakken formation encompasses some 25,000 square miles in North Dakota, Montana, Saskatchewan and Manitoba. The Three Forks is made up of sand and porous rock directly below North Dakota's portion of the Bakken formation, where oil-producing rock is sandwiched between layers of shale about 2 miles underground.

A U.S. Geological Survey report found that North Dakota and Montana have an estimated 5 to 10 billion barrels of undiscovered, technically recoverable oil in the Bakken Formation and Three Forks combined.

For more information on this and other activities of the Company, see the Breitling Oil and Gas website 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.

Contact:

Jennifer Jones
Director of Public Relations
Breitling Oil and Gas Corporation
[email protected]
972-252-2490

This press release was issued through eReleases(R).  For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.

SOURCE Breitling Oil and Gas Corporation

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