Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


August 31, 2015 4:58 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Breitling Energy Corporation

Company Overview

Breitling Energy Corporation is engaged in the acquisition, development, exploration, and production of oil and gas properties in the United States. The company holds onshore oil and gas working interests, and royalty interests in the proven basins of Permian Basin in Texas; the Bakken/Three Forks formations located in North Dakota; and the Mississippi Lime and Hunton/Woodford/Cleveland formations located in Oklahoma. As of December 31, 2013, it owned approximately 1,426 oil and gas properties consisting of approximately 6,000 oil and gas wells, 999 proved locations, 291 probable locations, and 136 possible locations in 7 states and 84 counties; and had reserves of approximately 498 thousand...

1910 Pacific Avenue

Suite 12000

Dallas, TX 75201

United States

Founded in 2000

10 Employees

Phone:

214-716-2600

Key Executives for Breitling Energy Corporation

Co-Founder, Chairman, Chief Executive Officer and President
Age: 38
Compensation as of Fiscal Year 2013.

Breitling Energy Corporation Key Developments

Breitling Energy Corporation Announces the Resignation of Jon Huberman as Board of Director

On August 11, 2015, Breitling Energy Corporation announced that Mr. Jon Huberman notified the Board of Directors of the company that, due to new work requirements resulting from several acquisitions made by his investment firm, he has resigned from the company's Board of directors, effective from August 14, 2015.

Breitling Energy Announces New 14-Well Development Program

Breitling Energy Corporation announced a new non-operated 35% participation in a 14-well developmental drilling program in West Texas, with the first spudding on August 5, 2015. Phase One has seven wells planned; six in Kent County and one in Knox County. The total acreage is approximately 8,500 non-contiguous acres between the two counties, leased throughout the past two years. The prospects, which target oil with associated gas, are located on the eastern shelf in the upper Permian Basin, in a proven area with a long history of successful production. The major payzones between the 14 wells could include the Ellenburger, Mississippian, Bend Conglomerate, Strawn Sand, Frye Sand, and the Tannehill formations. Subsurface mapping, seismic and geochemical analysis were used to pinpoint the drilling locations. The first well, Barker Trust #1, will be drilled vertically to approximately 5,000 feet in Kent County over a two-week period, with the Tannehill sand as the primary oil objective. The other six wells of Phase One should be drilled consecutively, with three to five days in-between to move the rig. Drilling will employ approximately a dozen total rig workers throughout the duration of the first seven wells, in addition to completion crews for logging and cementing. Phase Two, consisting of seven additional wells, will be initiated after the completion of Phase One. The acreage offers the ability to offset successful wells with two or three additional locations. There could be as many as 35 or 40 total wells across the acreage, should the initial phases be successful as expected.

Breitling Energy Seeks Acquisitions

Breitling Energy Corporation (OTCPK:BECC) is seeking acquisitions. Breitling's management team continues analyzing and meeting regularly with potential joint venture or acquisition candidates.

Similar Private Companies By Industry

Company Name Region
Alta Resources, L.L.C. United States
Petroleum Fuels Company, Inc. United States
Cherokee Production Company United States
Premier Elkhorn Coal Company United States
Gasco Energy Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 16, 2015
Certain Non-Operated Working Interests and Certain Additional Working Interests in Hunton Play
Merger/Acquisition
November 12, 2014
205-Acre Land With Multiple Shallow Well Opportunities in Taylor, Texas
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Breitling Energy Corporation, please visit www.breitlingenergy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.