Breitling Energy is a growing energy company engaged in the exploration and development of high probability onshore oil and gas properties. The company’s current portfolio of projects includes leaseholds in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and northern Oklahoma, as well as non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Leveraging a dual-focused growth strategy, Breitling is expanding its impact on the industry through a combination of active drilling efforts and a growing network of non-operating and royalty interests. This approach allows Breitling to promote sustained growth while diversifying its mineral interest portfolio, effectively limiting operational risk on a well-by-well basis.
In recent weeks, Breitling has achieved major milestones through both portions of its growth strategy. First, the company announced that a new well at its non-operated working interest in Sterling County, Texas, reached total depth and initiated completion operations. Then, Breitling announced the start of fracking operations at its leasehold in the Permian Basin. Despite slumping oil prices, which appear to be slowly recovering following the dramatic decrease during the first quarter of this year, the company’s management is confident that it can realize sustainable returns through these efforts to increase production.
“It’s not so much about price for us as it is optimization,” Chris Faulkner, chairman and chief executive officer of Breitling, stated in a news release. “Our lease in the Permian Basin allows us to be efficient, and we will continue developing the field without debt, which gives us the added confidence to move forward with the company plan we outlined in our first year.”
The company’s Permian Basin leasehold could provide it with a formidable platform to realize substantial growth in the coming years. According to a report by the Railroad Commission of Texas, the region has been a hotbed for the oil and gas industry in recent years. From 2005 to 2012, oil production increased by over 23 percent, climbing to approximately 312 million barrels in the final year of the period.
Moving forward, Breitling appears to be in a strong position to work toward its primary goal of increasing shareholder value through a combination of exploration, drilling and proven engineering extraction practices. For prospective shareholders, the company’s recent progress and the ongoing recovery of global crude oil prices combine to make Breitling an intriguing investment opportunity.
For more information, visit www.breitlingenergy.com
