Daybreak Oil and Gas, Inc. reported that the company has made a successful discovery of oil at a well being drilled in California.
Daybreak Oil and Gas, Inc. is exploring and developing oil and gas properties at the East Slopes project area located in Kern County, California. The company has been focusing on the Dyer Creek area at East Slopes, and recently drilled the Dyer Creek 67X-11 well.
Daybreak Oil and Gas, Inc. reported that the Dyer Creek 67X-11 well was drilled to a depth of approximately 2,300 feet and found ten feet of net oil pay in the Vedder Sands formation. The company has set production casing on the well and is currently conducting completion operations. Daybreak Oil and Gas, Inc. has a 41.67% working interest in the well.
Daybreak Oil and Gas, Inc. said that the Dyer Creek 67X-11 well should be completed and onto production within ten days. The company has three other prospective drilling locations at Dyer Creek.
Daybreak Oil and Gas, Inc. has two other project areas besides the East Slopes project. Daybreak Oil and Gas, Inc. has a 25% working interest in a 14,100 net acre seismic option at the East Slopes North Project, where the company is also exploring the Vedder Sands formation. The company also has a 50% working interest in 9,000 acres in the San Joaquin Basin.
For more information on the company, go to www.daybreakoilandgas.com
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