Upon drilling the first well in its Breitling-Leafwing prospect, Breitling Energy Corp. announced the discovery of a new oilfield in Taylor County, Texas.
Located about 10 miles north of Abilene, Texas, the Teaff #1 well discovered oil in the Lower Hope Lime at a depth of 2,630 ft. A drill stem test recovered 1,050 ft of oil and 750 ft of heavy oil cut mud along with 400 ft of water. Initial swabbing tests produced oil at a rate of approximately 210 barrels per day of oil (bpd). Updated maps indicate the presence of four to five additional locations. Breitling anticipates the Teaff #1 well will pump at a rate of approximately 110 bpd. Surface facilities are currently being installed and oil sales are scheduled to begin in February.
“As the operator of this well, we are very pleased with these results. As we drill additional locations in the surrounding area in the upcoming months, we hope for similar findings,” said Chris Faulkner, CEO and president of Breitling Energy. “These results and this project are a nice addition to our overall operational growth plans.”