DALLAS, April 1, 2015 /PRNewswire/ -- Breitling Energy (OTCBB: BECC) CEO and Chairman, Chris Faulkner, is addressing the 2015 Downtown Milwaukee Development Summit tomorrow morning, April 2 at 8:25 am. The event is being held at the Potawatomi Convention Center and is open to the public, with the purchase of a ticket at the door.
Wisconsin Lieutenant Governor Rebecca Kleefisch is the Keynote Speaker, followed by Chris Faulkner, who will discuss the impact of oil and gas drilling, particularly related to Wisconsin's abundant supply of sand used in the hydraulic fracturing process. Even though fewer rigs are drilling now, Wisconsin sand companies report no slowdown into 2015.
"Wood County is where the action is in Wisconsin. It is blessed with the abundance of sand we use in fracking. Before the recession of 2008, this county was really struggling, but now it is revitalized and jobs and money are pouring in," Chris Faulkner said. "Interestingly, although there are fewer wells drilling now, there doesn't seem to be a slowdown in sand mining. That's a bullish sign and operators know when prices stabilize just a bit more, there's going to be heavy demand for their sand. We couldn't have the American shale revolution without Wisconsin," Faulkner added.
Also on the agenda are panel discussions about downtown Milwaukee redevelopment, an increase in residential interest in the downtown area, and a special presentation by Alfred Teran of Patriot Energy on Section 1031 Exchanges, a topic of particular interest to real estate investors who have, or are contemplating, selling investment property and may want to consider oil and gas royalties as an alternative to reinvesting in real estate or paying capital gains taxes. Alex Lasry, Vice President of Strategy & Operations for the Milwaukee Bucks rounds out the morning program.
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.
Thomas Miller, VP of Communications, Breitling Energy, 214-716-2600
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SOURCE Breitling Energy Corporation