Breitling Energy Corporation has started the drilling phase of the Steller Energy Cole #1 in northwestern Sterling County, Texas. The proposed 8100-foot 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-feet 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.