Latest Daybreak Oil & Gas (DBRM) Headlines Da
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Posted On: 03/09/2014 2:00:24 PM
Latest Daybreak Oil & Gas (DBRM) Headlines
Daybreak Oil and Gas, Inc. Announces Initial Production Rates on the Gerald Grove H-4 and H-5 Oil Wells in Kentucky
Marketwire - Fri Feb 28, 8:50AM CST
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce that the Gerald Grove H-4 and H-5 wells in Lawrence County, Kentucky, were placed on production on February 18, 2014. Each well is estimated to be producing 260 barrels of oil per day; however, the wells are being produced at a limited rate until de-bottlenecking infrastructure is completed in order to accommodate the sale of the associated natural gas produced along with the oil production.
Daybreak Oil and Gas, Inc. Announces Initial Production on the Gerald Grove H-3 Well
Marketwire - Fri Jan 24, 9:11AM CST
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce that the Gerald Grove H-3 well, in Lawrence County, Kentucky, was placed on production on December 21, 2013. The well has produced and sold approximately 3,303 barrels of oil during this time period. The well is experiencing very large initial production rates, and thus production had to be voluntarily slowed due to storage capacity constraints. The well has only been producing a limited number of hours during daylight due to storage capacity issues. The eastern portion of Kentucky has also been experiencing inclement weather which inhibits tanker trucks from accessing the well location, thus slowing the distribution process of the produced oil. On a daily basis it is estimated that the well was producing at a rate of approximately 300-325 barrels of oil per day ("BOPD"). The Company and its operator/partner App Energy, LLC ("App Energy") are currently constructing a Central Facility which will allow easier access for tanker trucks; thereby improving the distribution process and allowing for better efficiency in regards to producing the oil.
Daybreak Oil and Gas, Inc. Announces a Successful Start to its Fall Drilling Program in California East Slopes Oil Project
PR Newswire - Wed Nov 06, 9:04AM CST
Daybreak Oil and Gas, Inc. (OTC: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the successful drilling of the first oil well in a three well fall drilling program at the East Slopes Project located in Kern County, California. The Bear #8 well was drilled to 2,250 feet and encountered approximately 13 feet of oil pay in the Vedder Sand. The well will be completed, and production results will be announced following production testing. The Bear #9 well has been spud and is currently drilling. The Bear #10 well will be the final well of this three well drilling program. The Company owns a 37.5% working interest in the Bear wells.
Daybreak Oil and Gas, Inc. Announces Third Successful Oil Well in Kentucky, First Production in Kentucky and Updates to Upcoming California Drilling Program
PR Newswire - Wed Oct 23, 8:32AM CDT
Daybreak Oil and Gas, Inc. (OTC: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce that its third consecutive successful oil well has been drilled in the recently-acquired Twin Bottoms Field Project in Lawrence County, Kentucky. The Dwight Dillon H-6 well was drilled to a measured depth ("MD") of 5,100 feet and a true vertical depth ("TVD") of 1,442 feet. Logs and other measurement data indicate that the horizontal section of the well bore encountered 3,546 feet of oil-bearing sandstone. The well will be hydraulically fractured the last week in October and will be put on production soon thereafter. In addition, the recently-drilled Gerald Grove H-3 well, our second well, will be hydraulically fractured the first week in November and put on production when production facilities are in place. The previously announced Gerald Grove H-1 well, the first well in a multi-well program, has now been completed and is currently in production testing. In the first 58 hours of testing, the well produced 668 barrels of oil and approximately 100 Mcf ("thousand cubic feet") of gas. The well will be making flush production for the first couple of weeks. Further testing will determine a stabilized production rate per day. The stabilized daily production rates on this, and all the future wells will be reported as they occur. A drilling rig will be on location by mid-November 2013 to drill three additional wells in the Twin Bottoms field. The Company owns a 25% working interest in the Twin Bottoms Field.
Daybreak Oil and Gas Announces Second Successful Oil Well in Kentucky and Updates Upcoming California Drilling Program
PR Newswire - Tue Oct 15, 8:35AM CDT
Daybreak Oil and Gas, Inc. (OTC: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce that its second consecutive successful oil well has been drilled in the recently-acquired Twin Bottoms Field Project in Lawrence County, Kentucky. The Gerald Grove H-3 well was drilled to a measured depth ("MD") of 4,461 feet and a true vertical depth ("TVD") of 1,175 feet. Logs and other measurement data indicate that the horizontal section of the well bore encountered 3,006 feet of oil-bearing sandstone. The well will be completed for production as soon as possible. The previously announced Gerald Grove H-1 well, the first in a multi-well program, has now been completed. Production facilities have been installed, and the well should be on production within the next few days. Production results will be announced as initial stable rates are established. The drilling rig has been moved to our third well, the Dillon H-6 well and drilling operations are currently underway. The Company and App Energy, LLC, the operator, plan to drill up to three more wells before the end of the calendar year.
Daybreak Announces Successful Oil Discovery in Kentucky
PR Newswire - Thu Sep 12, 8:35AM CDT
Daybreak Oil and Gas, Inc. (OTC: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce a new oil discovery in its first well in the Twin Bottoms Field in Lawrence County, Kentucky. The Gerald Grove H-1 well was drilled to a measured depth of 4,036 feet and a vertical depth of 1,171 feet. Logs and other measurement data indicate that the horizontal section of the well bore encountered 2,588 feet of oil-bearing sandstone. Production casing has been set and the well will be completed for production and testing as soon as possible. The drilling rig has been released for a short-term commitment to drill two wells for another operator in the area; and will then return to drill the next scheduled well in the Company's Kentucky drilling program, the Dillon H-6 well. The Company and App Energy, LLC, the operator, plan to drill up to five more wells before the end of the calendar year.
Daybreak Acquires Interest in Shallow Oil Play in Kentucky
PR Newswire - Tue Sep 03, 3:28PM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce that it has acquired a 25% working interest in approximately 6,100 acres in two large contiguous acreage blocks in the Twin Bottoms Field in Lawrence County, Kentucky. App Energy, LLC ("App") is the operator of the project and owns the remaining 75% working interest. Pursuant to a joint operating agreement between App and Daybreak, the two companies have committed to drill three shallow horizontal oil wells in the Berea Oil Sand, which is at approximately 1,500 feet with over 50 drilling locations identified on the leases. Vertical gas wells currently on the leases have penetrated the Berea Oil Sand with log and other data indicating potential proved oil reserves are present in these reservoirs. In this same area of Lawrence County, Kentucky, over 40 horizontal oil wells have been drilled in the Berea Sand in the past year with substantial initial oil production rates along with associated natural gas. Oil reserves per well are expected to have an estimated ultimate recovery of 50,000 barrels of oil with estimated well cost of approximately $800,000 per completed well depending on the length of the lateral production leg of the well. The first well in the initial three well program is expected to spud on September 3, 2013.
Daybreak Oil and Gas, Inc., Doubles Oil Production after Successful Drilling Program in California
PR Newswire - Thu Jul 18, 9:43AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the production results from its recent drilling program at the East Slopes Project in Kern County, California. The Company drilled seven successful development wells during May and June 2013. All of these wells are now on production. The table below shows the current production rates:
Goldman Small Cap Research Initiates Research Coverage of Daybreak Oil and Gas, Inc.
Marketwire - Tue Jul 16, 7:35AM CDT
Goldman Small Cap Research, a stock market research firm focused on the small cap and microcap sectors, has initiated research coverage of Daybreak Oil and Gas, Inc. (OTCQB: DBRM) an independent oil exploration and production company that has 18 oil producing wells with 5 more development wells coming online in the fall.
Daybreak Announces Results of Bear #7 Well in Successful Drilling Program at California Oil Project
PR Newswire - Thu Jun 20, 9:11AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the final well in the current drilling program at the East Slopes Project in Kern County, California. The Bear #7 well was drilled to 2,146 feet and encountered approximately 20 feet of oil pay in the Vedder Sand. The well is currently being completed, and production results will be announced following production testing. The Company owns a 37.5% working interest in this well.
Daybreak Drills an Additional Successful Oil Well at California Oil Project
PR Newswire - Mon Jun 10, 9:43AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the drilling results of the seventh well in the current drilling program at the East Slopes Project in Kern County, California. The Ball #2-11 well was drilled to 2,505 feet and encountered approximately 20 feet of oil pay in the Vedder Sand. The Company owns a 37.5% working interest in the Ball #2-11 well. After production casing is set, the drilling rig will move to drill the Bear #7 well, which is the final well in the Company's current eight well drilling program.
Daybreak Announces Production Results From First Two Wells in Development Program At California Oil Project
PR Newswire - Wed Jun 05, 8:50AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce production testing results from the Bear #5 and the Bear #6 wells. The Bear #5 well is currently producing at a rate of 25 barrels of oil per day. The Bear #6 well, drilled following the Bear #5, is also producing at a rate of 25 barrels of oil per day. Both wells are being produced on pumps at initially reduced rates which will be gradually increased over time. The Sunday #5, Sunday #6, and Black #2 wells are currently being production-tested. Results for these wells will be announced as soon as testing is completed.
Daybreak Drills Two More Successful Wells at California Oil Project
PR Newswire - Wed May 29, 9:29AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the fourth and fifth wells in the current drilling program at the East Slopes Project in Kern County, California. The Sunday #6 well was drilled to 2,104 feet and encountered approximately 20 feet of oil pay in the Vedder Sand. The Company owns a 37.5% working interest in the Sunday #6 well. The drilling rig on Sunday #6 well has been moved to drill the Chimney #1-1 exploratory well and is currently drilling. The rig will then move to drill the Ball # 2-11 well and then the Bear #7 well.
Daybreak Continues Development Success at California Oil Project
PR Newswire - Mon May 20, 11:05AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the third well in the current drilling program at the East Slopes Project in Kern County, California. The Sunday #5 well was drilled to 2,044 feet and encountered approximately 20 feet of oil pay in the Vedder Sand. The Company owns a 37.5% working interest in the Sunday #5 well. This drilling rig has been moved to the Sunday #6 well which was spud on May 17, 2013. After the completion of the Sunday #6 well, the rig will move to the Company's Chimney prospect to drill the Chimney #1-1 exploratory well.
Daybreak Announces Second Successful Oil Well -- Extends Drilling Program To Seven Wells at California Oil Project
PR Newswire - Wed May 15, 8:35AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the second well in the current drilling program at the East Slopes Project in Kern County, California. The Bear #6 well was drilled to 2,153 feet and we estimate there is approximately 25 feet of oil pay in the Vedder Sand. This drilling rig will now be moved to the Black #2 well location. The Company owns a 37.5% working interest in the Bear wells and a 33.75% working interest in the Black #2 well. A second drilling rig has arrived on the Company's Sunday #5 location. The Sunday #5 well was spud on May 13, 2013, and drilling operations are currently underway. After the completion of the Sunday #5 well, the second rig will move to the Company's Chimney prospect to drill the Chimney #1-1 exploratory well.
Daybreak Announces Successful Oil Well - Kicks Off Six Well Drilling Program to Develop California Oil Project
PR Newswire - Tue May 07, 8:35AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the first well in the initiation of a six well drilling program at the East Slopes Project in Kern County, California. The Bear #5 Well was drilled to 2,300 feet and encountered approximately 30 feet of oil pay in the Vedder Sand. The Well is currently being completed and will be put on production within a week. Production results will be announced following production testing. The Bear #5 Well will be produced into the Company's Sunday Central Processing Facility nearby. The drilling rig has been moved to drill the Bear #6 Well, which was spud on May 6, 2013. The Bear #6 Well is the second well in the six well drilling program currently underway. The Company owns a 37.5% working interest in the Bear wells. The Company has contracted for a larger rig to drill its Chimney exploratory well and two of the development wells in the program. This rig is expected to be av
Daybreak Oil and Gas, Inc. Launches Six Well Drilling Program to Develop California Oil Project
PR Newswire - Tue Apr 23, 8:35AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the initiation of a six well drilling program at the East Slopes Project in Kern County, California, where the Company currently owns a working interest in 11 producing oil wells. As part of the long-term development plan for this project area, the Company plans to drill five development oil wells and one exploration well. Two drilling rigs will be utilized in this drilling program. The first of the rigs is currently being moved to the Bear #5 development location and should spud before the end of April, 2013. A larger rig is being contracted to drill the planned exploration well and may drill at least one of the development wells. This rig is expected to be available in the latter part of May, 2013. All of the development wells will be drilled on oil spacing units immediately adjacent to producing wells operated by Daybreak; and, all six drilling locations have been fully permitted
Daybreak Oil and Gas, Inc. Announces Initial Production Rates on the Gerald Grove H-4 and H-5 Oil Wells in Kentucky
Marketwire - Fri Feb 28, 8:50AM CST
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce that the Gerald Grove H-4 and H-5 wells in Lawrence County, Kentucky, were placed on production on February 18, 2014. Each well is estimated to be producing 260 barrels of oil per day; however, the wells are being produced at a limited rate until de-bottlenecking infrastructure is completed in order to accommodate the sale of the associated natural gas produced along with the oil production.
Daybreak Oil and Gas, Inc. Announces Initial Production on the Gerald Grove H-3 Well
Marketwire - Fri Jan 24, 9:11AM CST
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce that the Gerald Grove H-3 well, in Lawrence County, Kentucky, was placed on production on December 21, 2013. The well has produced and sold approximately 3,303 barrels of oil during this time period. The well is experiencing very large initial production rates, and thus production had to be voluntarily slowed due to storage capacity constraints. The well has only been producing a limited number of hours during daylight due to storage capacity issues. The eastern portion of Kentucky has also been experiencing inclement weather which inhibits tanker trucks from accessing the well location, thus slowing the distribution process of the produced oil. On a daily basis it is estimated that the well was producing at a rate of approximately 300-325 barrels of oil per day ("BOPD"). The Company and its operator/partner App Energy, LLC ("App Energy") are currently constructing a Central Facility which will allow easier access for tanker trucks; thereby improving the distribution process and allowing for better efficiency in regards to producing the oil.
Daybreak Oil and Gas, Inc. Announces a Successful Start to its Fall Drilling Program in California East Slopes Oil Project
PR Newswire - Wed Nov 06, 9:04AM CST
Daybreak Oil and Gas, Inc. (OTC: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the successful drilling of the first oil well in a three well fall drilling program at the East Slopes Project located in Kern County, California. The Bear #8 well was drilled to 2,250 feet and encountered approximately 13 feet of oil pay in the Vedder Sand. The well will be completed, and production results will be announced following production testing. The Bear #9 well has been spud and is currently drilling. The Bear #10 well will be the final well of this three well drilling program. The Company owns a 37.5% working interest in the Bear wells.
Daybreak Oil and Gas, Inc. Announces Third Successful Oil Well in Kentucky, First Production in Kentucky and Updates to Upcoming California Drilling Program
PR Newswire - Wed Oct 23, 8:32AM CDT
Daybreak Oil and Gas, Inc. (OTC: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce that its third consecutive successful oil well has been drilled in the recently-acquired Twin Bottoms Field Project in Lawrence County, Kentucky. The Dwight Dillon H-6 well was drilled to a measured depth ("MD") of 5,100 feet and a true vertical depth ("TVD") of 1,442 feet. Logs and other measurement data indicate that the horizontal section of the well bore encountered 3,546 feet of oil-bearing sandstone. The well will be hydraulically fractured the last week in October and will be put on production soon thereafter. In addition, the recently-drilled Gerald Grove H-3 well, our second well, will be hydraulically fractured the first week in November and put on production when production facilities are in place. The previously announced Gerald Grove H-1 well, the first well in a multi-well program, has now been completed and is currently in production testing. In the first 58 hours of testing, the well produced 668 barrels of oil and approximately 100 Mcf ("thousand cubic feet") of gas. The well will be making flush production for the first couple of weeks. Further testing will determine a stabilized production rate per day. The stabilized daily production rates on this, and all the future wells will be reported as they occur. A drilling rig will be on location by mid-November 2013 to drill three additional wells in the Twin Bottoms field. The Company owns a 25% working interest in the Twin Bottoms Field.
Daybreak Oil and Gas Announces Second Successful Oil Well in Kentucky and Updates Upcoming California Drilling Program
PR Newswire - Tue Oct 15, 8:35AM CDT
Daybreak Oil and Gas, Inc. (OTC: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce that its second consecutive successful oil well has been drilled in the recently-acquired Twin Bottoms Field Project in Lawrence County, Kentucky. The Gerald Grove H-3 well was drilled to a measured depth ("MD") of 4,461 feet and a true vertical depth ("TVD") of 1,175 feet. Logs and other measurement data indicate that the horizontal section of the well bore encountered 3,006 feet of oil-bearing sandstone. The well will be completed for production as soon as possible. The previously announced Gerald Grove H-1 well, the first in a multi-well program, has now been completed. Production facilities have been installed, and the well should be on production within the next few days. Production results will be announced as initial stable rates are established. The drilling rig has been moved to our third well, the Dillon H-6 well and drilling operations are currently underway. The Company and App Energy, LLC, the operator, plan to drill up to three more wells before the end of the calendar year.
Daybreak Announces Successful Oil Discovery in Kentucky
PR Newswire - Thu Sep 12, 8:35AM CDT
Daybreak Oil and Gas, Inc. (OTC: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce a new oil discovery in its first well in the Twin Bottoms Field in Lawrence County, Kentucky. The Gerald Grove H-1 well was drilled to a measured depth of 4,036 feet and a vertical depth of 1,171 feet. Logs and other measurement data indicate that the horizontal section of the well bore encountered 2,588 feet of oil-bearing sandstone. Production casing has been set and the well will be completed for production and testing as soon as possible. The drilling rig has been released for a short-term commitment to drill two wells for another operator in the area; and will then return to drill the next scheduled well in the Company's Kentucky drilling program, the Dillon H-6 well. The Company and App Energy, LLC, the operator, plan to drill up to five more wells before the end of the calendar year.
Daybreak Acquires Interest in Shallow Oil Play in Kentucky
PR Newswire - Tue Sep 03, 3:28PM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce that it has acquired a 25% working interest in approximately 6,100 acres in two large contiguous acreage blocks in the Twin Bottoms Field in Lawrence County, Kentucky. App Energy, LLC ("App") is the operator of the project and owns the remaining 75% working interest. Pursuant to a joint operating agreement between App and Daybreak, the two companies have committed to drill three shallow horizontal oil wells in the Berea Oil Sand, which is at approximately 1,500 feet with over 50 drilling locations identified on the leases. Vertical gas wells currently on the leases have penetrated the Berea Oil Sand with log and other data indicating potential proved oil reserves are present in these reservoirs. In this same area of Lawrence County, Kentucky, over 40 horizontal oil wells have been drilled in the Berea Sand in the past year with substantial initial oil production rates along with associated natural gas. Oil reserves per well are expected to have an estimated ultimate recovery of 50,000 barrels of oil with estimated well cost of approximately $800,000 per completed well depending on the length of the lateral production leg of the well. The first well in the initial three well program is expected to spud on September 3, 2013.
Daybreak Oil and Gas, Inc., Doubles Oil Production after Successful Drilling Program in California
PR Newswire - Thu Jul 18, 9:43AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the production results from its recent drilling program at the East Slopes Project in Kern County, California. The Company drilled seven successful development wells during May and June 2013. All of these wells are now on production. The table below shows the current production rates:
Goldman Small Cap Research Initiates Research Coverage of Daybreak Oil and Gas, Inc.
Marketwire - Tue Jul 16, 7:35AM CDT
Goldman Small Cap Research, a stock market research firm focused on the small cap and microcap sectors, has initiated research coverage of Daybreak Oil and Gas, Inc. (OTCQB: DBRM) an independent oil exploration and production company that has 18 oil producing wells with 5 more development wells coming online in the fall.
Daybreak Announces Results of Bear #7 Well in Successful Drilling Program at California Oil Project
PR Newswire - Thu Jun 20, 9:11AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the final well in the current drilling program at the East Slopes Project in Kern County, California. The Bear #7 well was drilled to 2,146 feet and encountered approximately 20 feet of oil pay in the Vedder Sand. The well is currently being completed, and production results will be announced following production testing. The Company owns a 37.5% working interest in this well.
Daybreak Drills an Additional Successful Oil Well at California Oil Project
PR Newswire - Mon Jun 10, 9:43AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the drilling results of the seventh well in the current drilling program at the East Slopes Project in Kern County, California. The Ball #2-11 well was drilled to 2,505 feet and encountered approximately 20 feet of oil pay in the Vedder Sand. The Company owns a 37.5% working interest in the Ball #2-11 well. After production casing is set, the drilling rig will move to drill the Bear #7 well, which is the final well in the Company's current eight well drilling program.
Daybreak Announces Production Results From First Two Wells in Development Program At California Oil Project
PR Newswire - Wed Jun 05, 8:50AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce production testing results from the Bear #5 and the Bear #6 wells. The Bear #5 well is currently producing at a rate of 25 barrels of oil per day. The Bear #6 well, drilled following the Bear #5, is also producing at a rate of 25 barrels of oil per day. Both wells are being produced on pumps at initially reduced rates which will be gradually increased over time. The Sunday #5, Sunday #6, and Black #2 wells are currently being production-tested. Results for these wells will be announced as soon as testing is completed.
Daybreak Drills Two More Successful Wells at California Oil Project
PR Newswire - Wed May 29, 9:29AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the fourth and fifth wells in the current drilling program at the East Slopes Project in Kern County, California. The Sunday #6 well was drilled to 2,104 feet and encountered approximately 20 feet of oil pay in the Vedder Sand. The Company owns a 37.5% working interest in the Sunday #6 well. The drilling rig on Sunday #6 well has been moved to drill the Chimney #1-1 exploratory well and is currently drilling. The rig will then move to drill the Ball # 2-11 well and then the Bear #7 well.
Daybreak Continues Development Success at California Oil Project
PR Newswire - Mon May 20, 11:05AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the third well in the current drilling program at the East Slopes Project in Kern County, California. The Sunday #5 well was drilled to 2,044 feet and encountered approximately 20 feet of oil pay in the Vedder Sand. The Company owns a 37.5% working interest in the Sunday #5 well. This drilling rig has been moved to the Sunday #6 well which was spud on May 17, 2013. After the completion of the Sunday #6 well, the rig will move to the Company's Chimney prospect to drill the Chimney #1-1 exploratory well.
Daybreak Announces Second Successful Oil Well -- Extends Drilling Program To Seven Wells at California Oil Project
PR Newswire - Wed May 15, 8:35AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the second well in the current drilling program at the East Slopes Project in Kern County, California. The Bear #6 well was drilled to 2,153 feet and we estimate there is approximately 25 feet of oil pay in the Vedder Sand. This drilling rig will now be moved to the Black #2 well location. The Company owns a 37.5% working interest in the Bear wells and a 33.75% working interest in the Black #2 well. A second drilling rig has arrived on the Company's Sunday #5 location. The Sunday #5 well was spud on May 13, 2013, and drilling operations are currently underway. After the completion of the Sunday #5 well, the second rig will move to the Company's Chimney prospect to drill the Chimney #1-1 exploratory well.
Daybreak Announces Successful Oil Well - Kicks Off Six Well Drilling Program to Develop California Oil Project
PR Newswire - Tue May 07, 8:35AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the first well in the initiation of a six well drilling program at the East Slopes Project in Kern County, California. The Bear #5 Well was drilled to 2,300 feet and encountered approximately 30 feet of oil pay in the Vedder Sand. The Well is currently being completed and will be put on production within a week. Production results will be announced following production testing. The Bear #5 Well will be produced into the Company's Sunday Central Processing Facility nearby. The drilling rig has been moved to drill the Bear #6 Well, which was spud on May 6, 2013. The Bear #6 Well is the second well in the six well drilling program currently underway. The Company owns a 37.5% working interest in the Bear wells. The Company has contracted for a larger rig to drill its Chimney exploratory well and two of the development wells in the program. This rig is expected to be av
Daybreak Oil and Gas, Inc. Launches Six Well Drilling Program to Develop California Oil Project
PR Newswire - Tue Apr 23, 8:35AM CDT
Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the initiation of a six well drilling program at the East Slopes Project in Kern County, California, where the Company currently owns a working interest in 11 producing oil wells. As part of the long-term development plan for this project area, the Company plans to drill five development oil wells and one exploration well. Two drilling rigs will be utilized in this drilling program. The first of the rigs is currently being moved to the Bear #5 development location and should spud before the end of April, 2013. A larger rig is being contracted to drill the planned exploration well and may drill at least one of the development wells. This rig is expected to be available in the latter part of May, 2013. All of the development wells will be drilled on oil spacing units immediately adjacent to producing wells operated by Daybreak; and, all six drilling locations have been fully permitted
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