Breitling Energy - Fueling the Energy Revolution - 500 Beiträge pro Seite

[Heftie]

Rasch wachsendes Öl- und Gasunternehmen aus Dallas, Texas.



http://www.breitlingenergy.com/

Firma setzt hauptsächlich auf Fracking, CEO Chris Faulkner ist ein echter Experte auf dem Gebiet. So war der "Frackmaster" erst kürzlich Redner auf der Manchester Fracking Conference: http://www.businesswire.com/news/home/20140923006294/en/Brei…

Und auch bei CNBC ist er ein gern gesehener Gast:
http://www.breitlingenergy.com/media/

BECC enstand aus einem Reverse Merger Anfang 2014, in welchem die bisher private Firma public ging:
http://investorshub.advfn.com/boards/read_msg.aspx?message_i…

Das 2. Quartal (30. Juni 2014) wurde auch wieder sehr erfolgreich gestaltet:
http://seekingalpha.com/pr/10762435-breitling-energy-corpora…

Second quarter 2014 highlights include:
- Dual-focused growth strategy generated net income of $841,000 and revenue growth of approximately 190% over second quarter 2013
- Revenue from third-party drilling and the sale of oil and natural gas royalties nearly doubled over second quarter 2013
- Oil, natural gas and related product sales increased by more than 50% during the quarter over the same period in 2013
- Completed two wells - one in the Permian Basin and one in Southern Kansas

[Heftie]

News: Breitling Energy Corporation Announces Drilling and Production Update

http://www.wallstreet-online.de/nachricht/7030658-breitling-…

Breitling Energy Corporation (OTCBB: BECC) (the “Company”) announces the second well under its Farmout Agreement in Sterling County Texas, reached an approximate total depth of 9,000 feet today. The Hoppe '63' #1 was spudded September 12, 2014. The Company reports the well encountered the same productive formations as in the Company's first Sterling County well, the Parramore #1. The Company plans to drill a total of eight wells on its Sterling County property to earn the total acreage under the Farmout Agreement. Based on the results of the initial eight wells, the Company will continue to drill out the acreage using the most successful wells to guide its future drilling locations.

The Parramore #1 well, completed in late July, is still in the flow testing stage. The Company performed a 6-stage frac job on the well in July 2014. The first plug was drilled out in the Upper Wolfcamp and testing began in late July. The initial 24-hour test on August 1, 2014 yielded approximately 85 barrels of oil per day, 211 thousand cubic feet of gas per day and a moderate amount of flowback fluid. As the fluid decreases, the Company expects oil and gas production to increase. The single oil zone was flow tested until September 4, 2014, when drilling out the remaining five sets of plugs began, exposing the remaining pay zones to the well bore.

Oil production resumed on September 14, 2014. During the last nine days, oil and gas production has steadily increased and water production has decreased. A continued increase in oil and gas production is anticipated, combined with the reduction of water. The Company will continue to monitor the well and update the production numbers as production stabilizes.

The Company’s Buresh 17-#1HM well in Sumner County, Kansas went online on September 11, 2014, producing approximately 127 barrels of oil and a significant amount of flowback water during the first 12 hours. The well's oil production has continued to increase, and is now approaching 300 barrels a day. In the first 12 days, the well produced approximately 3,000 total barrels of oil.

As has been the pattern in other horizontal Mississippian wells, the Company believes the oil production should continue to increase as the amount of water decreases.

The Teaff #1 is a shallow 2600' Hope Lime oil producer. Production is from a 10 foot thick oil zone underlain by water also found in fractured rock. Production commenced on February 11, 2014. The well came in pumping approximately 45 barrels of oil in only 6 hours. The Company hesitated pulling the well too hard to prevent water coning. The Company plans to drill a water disposal well approximately 1 mile to the southwest of the Teaff #1. Once completed, Breitling feels the well could be produced at full 24-hour capacity, with water being pumped to the disposal well. The Company believes there are at least two possible offsets according to 3-D seismic data.

Chris Faulkner, Breitling’s CEO, said, “We’re pleased with the overall developments in our properties to date and are continuing to execute our business plan of growth through the drill bit and development." Faulkner added, “We anticipate the Hoppe 63 #1 to be another successful completion in the Permian Basin, thus increasing our asset value and presence in that area.”

[Heftie]

News: Breitling Energy’s Update on Second Permian Well

https://finance.yahoo.com/news/breitling-energy-second-permi…

Breitling Energy Corporation (BECC) (the “Company”) continues moving forward with the upcoming completion of its second Permian Basin well, the Hoppe "63" #1 in Sterling County, Texas. The well reached a total depth of approximately 8600 feet in the Lower Strawn on September 24, 2014 and was logged on the following day. Physical hydrocarbon shows and oil indicators on the logs were present in multiple formations, including the Middle Wolfcamp Lime, the Albaugh Lime, the Triple "M" Lime, Credo Lime, Cisco sands, Canyon "B" and "C" sands, the Cline sandy shale and finally in the Strawn Lime.

Quantitatively and by samples, we have determined the potential presence of oil in at least nine different formations. The Company plans a minimum 5 stage frac job starting on or around October 31, 2014.

Chris Faulkner, Breitling’s CEO, said, “We’re pleased with the initial overall developments in our Permian acreage to date and are continuing to execute our business plan of growth through the drill bit and development in the area.” Faulkner added, “These initial showings in the Hoppe '63' are very promising, and we plan to continue to develop our Permian acreage.”

[Heftie]

Aktuelle Präsentation (November 2014)

http://media.breitlingenergy.com/corporate/Breitling%20Energ…

[Heftie]

News: Breitling Energy Announces Asset Management Division

http://www.marketwatch.com/story/breitling-energy-announces-…

DALLAS, Dec 03, 2014 (BUSINESS WIRE) -- Breitling Energy Corporation BECC, (the “Company”) announced the formation of its Asset Management division as both a revenue center and a risk diversification strategy. The Asset Management division consists of two sub-divisions: Portfolio Management, and Oil and Gas Management.

The Portfolio Management sub-division manages portfolios of royalty and non-operated working interests. This sub-division has existing industry partners that syndicate royalty and non-operated working interests to a network of institutional and qualified investors.

The Portfolio Management sub-division generates on-going revenue and increases reserve value through management fees, carried interests in the properties acquired and/or performance fees. To date, the Company has completed approximately $15 million of acquisitions of royalty properties in Oklahoma and Texas.

The Company expects to continue growing revenue and reserves through its Portfolio Management sub-division throughout 2015.

The Oil and Gas Management sub-division is designed to help the Company minimize risk by divesting a portion of each of its wells through strategic industry relationships. This sub-division creates revenue and profits through the selling of individual well interests. The Company generally seeks to sell enough interests to recover all development costs and maintain an adequate working capital balance. Furthermore, the remaining working interests are retained by the Company which increases the overall reserve value of the Company and adds revenue to the financial statements.

“As oil prices decline, those carrying excessive debt obligations will be the first to have problems,” said Chris Faulkner, Breitling Energy’s CEO and Chairman. “We have been defining this strategy for quite some time, and methodically working out the details of this division. We truly believe that we have identified and perfected a business model which allows us to remain viable and profitable in most markets,” Faulkner noted.

Unlike the traditional exploration and production operating model, the Company diversifies its risk through a process of selling working interests in its wells. This model recovers the Company’s investment capital, and increases cash flow and reserves through management fees, performance fees and a carried interest. In a climate of price uncertainty, this zero-debt, reduced-risk strategy has enabled the Company to look forward into 2015 without adjusting or reducing its planned development strategy.

The Company recently released a comprehensive Management Presentation which can be found at www.breitlingenergy.com and has been filed with the Securities and Exchange Commission.

[Heftie]

Breitling Energy Announces Drilling Results of New Wilcox Sands Project

http://www.marketwatch.com/story/breitling-energy-announces-…

DALLAS, Dec 30, 2014 (BUSINESS WIRE) -- Breitling Energy Corporation BECC, +7.14% (the “Company”) recently announced participation in the New Wilcox Sands Project.

The Company is participating in the Jackson Prospect with Frank Davis Exploration Company, a Mississippi-based exploration and production company (“FDEC”). FDEC drilled a directional well from Concordia Parish, Louisiana to Adams County, Mississippi.

The Jackson Point #1 well reached total measured depth on December 23, 2014. The following day, Schlumberger ran its Triple Combo logging tools and took sidewall cores, which revealed significant shows of oil. The decision to run production casing was made on Christmas morning and casing was set and cemented on December 26, 2014. The Company estimates an additional five offset locations could be drilled on the property.

FDEC is currently coordinating perforating and flow back operations. The building of surface facilities should begin in January 2015.

“Our strategy at Breitling Energy all along has been to target assets that show potential at conservative oil prices,” Breitling Energy CEO Chris Faulkner said. “We say no to prospects a lot more often than we say yes. This way, we don’t worry what Saudi Arabia or OPEC is doing. If our strategy works today, it will work when prices recover, which we firmly believe they will,” Faulkner noted.