Breitling Energy Corporation announces the start of the drilling phase of the Steller Energy Cole #1 in northwestern Sterling County, Texas. The proposed 8100 ft vertical well is scheduled to spud today in search of oil zones in the Wolfcamp lime and Cisco-Canyon sands. The well is offsetting the Marathon #1 Cole that was completed in the Lower Wolfcamp formation in 1969, which intersected over 100 ft of limestone.
“We are participating in this prospect because it is a target play for our Company,” says Chris Faulkner, Breitling Energy’s CEO and Chairman. It should intersect the most prolific zone in the Permian Basin and is in a favorable drilling area that we know very well. The pipeline infrastructure here is excellent so lifting costs are minimal. We’re excited to get another Permian well started,” Faulkner added.
Adapted from a press release by David Bizley