Breitling Acquires Rights to Permian Basin AcreageBreitling Energy Corp • February 21st, 2014 • Crude petroleum & natural gas
On February 19, 2014, Breitling Energy Corporation (OTCBB: BECC) (the “Company”) entered into an agreement (the “Farmout Agreement”) with Steller Energy and Investment Corporation (“Steller”). Steller had previously entered into an agreement with Clayton Williams Energy, Inc. for the exploration and development of approximately 3,680 acres located in Sterling County, Texas and the Farmout Agreement provides for the Company to perform the obligations of Steller under that existing agreement.
