Chris Faulkner, CEO and Chairman of Breitling Energy (OTCBB: BECC) is
participating in a luncheon panel in Houston Thursday discussing OPEC,
oil prices and the global impact of OPEC’s fluctuating oil production
The event is hosted by the World Affairs Council of Houston, an
organization founded to promote American’s understanding of
international affairs. Houston’s local economy is being impacted by
decisions made over the last nine months by OPEC, and Saudi Arabia in
particular. Faulkner is expected to correlate the November 2011 OPEC
decision to fix production at 30.37 million barrels per day with their
2014/15 refusal to reduce that number in light of decreasing world
supplies and plunging prices.
“When OPEC’s Secretary General says he thinks oil has hit a bottom, then
in the next sentence says what is happening could create a price
boomerang to upwards of $200 per barrel oil, that is certainly worth
investigating in a discussion on this level,” Faulkner said.
The panel will be moderated by James B. Adams, a retired ExxonMobil
executive who spent 20 years working abroad, with 14 years in the Middle
East. Most recently, Adams was ExxonMobil’s Lead Country Manager in
Iraq, and previously President of ExxonMobil Iraq Limited.
Also participating is Pradeep Anand, President of Seeta Resources. With
over 30 years in the oil and gas industry, Anand is a highly sought
strategist especially pertaining to market forces and developing
competitive strategies to adjust to changing sector dimensions.
The event begins at 11:30 February 26 at the Petroleum Club in Downtown
ABOUT BREITLING ENERGY CORPORATION
Breitling Energy Corporation is a growing U.S. energy company based in
Dallas, Texas engaged in the exploration and development of
high-probability, lower risk onshore oil and gas properties. The
Company’s dual-focused growth strategy primarily relies on leveraging
management’s technical and operations expertise to grow through the
drill-bit, while also growing its base of non-operating working
interests and royalty interests. Breitling Energy’s oil and gas
operations are focused primarily in the Permian Basin of Texas and the
Mississippi oil window of southern Kansas and Northern Oklahoma, with
non-operating investments in Texas, North Dakota, Oklahoma and
Mississippi. Breitling Energy Corporation is traded over the counter
under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.
Copyright Business Wire 2015
Source: Business Wire
(February 24, 2015 - 9:54 AM EST)
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