Daybreak Oil & Gas (DBRM) 0.3300 $DBRM
Daybreak Oil and Gas, Inc. Drills Its Eighth Consecutive Successful Oil Well in Kentucky
Marketwire - Thu Apr 24, 9:01AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"
, a Washington corporation, is pleased to announce the successful drilling of its eighth successful oil well at the Twin Bottoms Field in Lawrence County, Kentucky. The Gerald Grove H-9 oil well was drilled to a measured depth ("MD" of 5,053 feet and a true vertical depth ("TVD" of 1,376 feet. Logs and other measurement data indicate that the horizontal section of the wellbore encountered 3,677 feet of oil-bearing sandstone. The drilling rig has been moved to the Gerald Grove H-10 location where drilling operations are currently underway. This will be the fourth oil well to be drilled in the Company's planned 20-well development drilling program at the Twin Bottoms Field.
Daybreak Oil and Gas, Inc. Announces 268% Increase in Proved Oil Reserves
Marketwire - Tue Apr 22, 7:31AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company", a Washington corporation, is pleased to announce that its fully-engineered proved oil reserves significantly increased by 268% to 750,047 Barrels of Oil Equivalent ("BOE" for the fiscal year ended February 28, 2014. The Company's proved reserves at February 28, 2013 were 279,300 BOE.
Daybreak Oil and Gas, Inc. Continues Successful Execution of Its Kentucky Development Program
Marketwire - Wed Apr 09, 9:40AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company", a Washington corporation, is pleased to announce the successful drilling of its seventh oil well at the Twin Bottoms Field in Lawrence County, Kentucky. The Gerald Grove H-8 oil well was drilled to a measured depth ("MD" of 4,455 feet and a true vertical depth ("TVD" of 1,206 feet. Logs and other measurement data indicate that the horizontal section of the wellbore encountered 3,032 feet of oil-bearing sandstone. The drilling rig is currently being moved to the Gerald Grove H-9 location, which will be the third oil well to be drilled in the Company's planned 20-well development drilling program at the Twin Bottoms Field.
Daybreak Oil and Gas, Inc. Adds Another Successful Well to Kick-Off 2014 Kentucky Drilling Program
Marketwire - Thu Mar 27, 11:29AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company", a Washington corporation, is pleased to announce that the Gerald Grove H-7 oil well has been drilled at the Twin Bottoms Field in Lawrence County, Kentucky. The Gerald Grove H-7 oil well was drilled to a measured depth ("MD" of 4,734 feet and a true vertical depth ("TVD" of 1,209 feet. Logs and other measurement data indicate that the horizontal section of the wellbore encountered 3,284 feet of oil-bearing sandstone. The drilling rig is currently being moved to the Gerald Grove H-8 location, which will be the second well to be drilled in a planned 20-well development drilling program for the 2014-2015 fiscal year at the Twin Bottoms Field in Lawrence County, Kentucky.
Daybreak Oil and Gas, Inc. Continues Production Success in Kentucky With Initial Production Rate on the Dwight Dillon H-6 Oil Well
Marketwire - Wed Mar 26, 11:05AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company", a Washington corporation, is pleased to announce that the Dwight Dillon H-6 well in the Twin Bottoms Field in Lawrence County, Kentucky was put on production on March 20, 2014. The well is producing approximately 200 barrels of oil per day and 75 mcf per day of natural gas. The Company and its partner App Energy, LLC. have sold over 800 barrels of oil from the well since it was put on production.
Daybreak Oil and Gas, Inc. Announces the Start of 2014 Kentucky Drilling Program
Marketwire - Thu Mar 20, 9:45AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company", a Washington corporation, is pleased to announce the start of the 2014 - 2015 fiscal year development drilling program, in which the Company plans to participate in drilling approximately 20 development wells at the Twin Bottoms Field in Lawrence County, Kentucky. The first of these wells, the Gerald Grove H-7 well, was spud on March 19, 2014. The Company and the Operator, App Energy LLC ("App", plan to subsequently drill the Gerald Grove H-8, H-9 and H-10 wells. At the completion of the fourth well, the rig will be released to a nearby operator whereby that company will use the rig to drill four wells. At the end of the four-well drilling cycle, Daybreak and App will regain use of the rig to drill another four wells at the Twin Bottoms Field. It is planned to continue utilizing the drilling rig in a rotating manner for the remainder of this fiscal year, until the proposed 20 wells are drilled.
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 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 Oil and Gas, Inc. Drills Its Eighth Consecutive Successful Oil Well in Kentucky
Marketwire - Thu Apr 24, 9:01AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"
, a Washington corporation, is pleased to announce the successful drilling of its eighth successful oil well at the Twin Bottoms Field in Lawrence County, Kentucky. The Gerald Grove H-9 oil well was drilled to a measured depth ("MD" of 5,053 feet and a true vertical depth ("TVD" of 1,376 feet. Logs and other measurement data indicate that the horizontal section of the wellbore encountered 3,677 feet of oil-bearing sandstone. The drilling rig has been moved to the Gerald Grove H-10 location where drilling operations are currently underway. This will be the fourth oil well to be drilled in the Company's planned 20-well development drilling program at the Twin Bottoms Field. Daybreak Oil and Gas, Inc. Announces 268% Increase in Proved Oil Reserves
Marketwire - Tue Apr 22, 7:31AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"
, a Washington corporation, is pleased to announce that its fully-engineered proved oil reserves significantly increased by 268% to 750,047 Barrels of Oil Equivalent ("BOE" for the fiscal year ended February 28, 2014. The Company's proved reserves at February 28, 2013 were 279,300 BOE. Daybreak Oil and Gas, Inc. Continues Successful Execution of Its Kentucky Development Program
Marketwire - Wed Apr 09, 9:40AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"
, a Washington corporation, is pleased to announce the successful drilling of its seventh oil well at the Twin Bottoms Field in Lawrence County, Kentucky. The Gerald Grove H-8 oil well was drilled to a measured depth ("MD" of 4,455 feet and a true vertical depth ("TVD" of 1,206 feet. Logs and other measurement data indicate that the horizontal section of the wellbore encountered 3,032 feet of oil-bearing sandstone. The drilling rig is currently being moved to the Gerald Grove H-9 location, which will be the third oil well to be drilled in the Company's planned 20-well development drilling program at the Twin Bottoms Field. Daybreak Oil and Gas, Inc. Adds Another Successful Well to Kick-Off 2014 Kentucky Drilling Program
Marketwire - Thu Mar 27, 11:29AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"
, a Washington corporation, is pleased to announce that the Gerald Grove H-7 oil well has been drilled at the Twin Bottoms Field in Lawrence County, Kentucky. The Gerald Grove H-7 oil well was drilled to a measured depth ("MD" of 4,734 feet and a true vertical depth ("TVD" of 1,209 feet. Logs and other measurement data indicate that the horizontal section of the wellbore encountered 3,284 feet of oil-bearing sandstone. The drilling rig is currently being moved to the Gerald Grove H-8 location, which will be the second well to be drilled in a planned 20-well development drilling program for the 2014-2015 fiscal year at the Twin Bottoms Field in Lawrence County, Kentucky. Daybreak Oil and Gas, Inc. Continues Production Success in Kentucky With Initial Production Rate on the Dwight Dillon H-6 Oil Well
Marketwire - Wed Mar 26, 11:05AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"
, a Washington corporation, is pleased to announce that the Dwight Dillon H-6 well in the Twin Bottoms Field in Lawrence County, Kentucky was put on production on March 20, 2014. The well is producing approximately 200 barrels of oil per day and 75 mcf per day of natural gas. The Company and its partner App Energy, LLC. have sold over 800 barrels of oil from the well since it was put on production. Daybreak Oil and Gas, Inc. Announces the Start of 2014 Kentucky Drilling Program
Marketwire - Thu Mar 20, 9:45AM CDT
Daybreak Oil and Gas, Inc. (OTCQB: DBRM) ("Daybreak" or the "Company"
, a Washington corporation, is pleased to announce the start of the 2014 - 2015 fiscal year development drilling program, in which the Company plans to participate in drilling approximately 20 development wells at the Twin Bottoms Field in Lawrence County, Kentucky. The first of these wells, the Gerald Grove H-7 well, was spud on March 19, 2014. The Company and the Operator, App Energy LLC ("App", plan to subsequently drill the Gerald Grove H-8, H-9 and H-10 wells. At the completion of the fourth well, the rig will be released to a nearby operator whereby that company will use the rig to drill four wells. At the end of the four-well drilling cycle, Daybreak and App will regain use of the rig to drill another four wells at the Twin Bottoms Field. It is planned to continue utilizing the drilling rig in a rotating manner for the remainder of this fiscal year, until the proposed 20 wells are drilled. 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 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.
