Chris Faulkner, CEO and Chairman of Breitling Energy Corporation
(OTCBB:BECC), will appear on a prominent panel tomorrow morning at the 49th
Annual Texas Legislative Conference in New Braunfels, Texas. Laura Bush,
former first lady, will keynote the address at noon, prior to
adjournment.
Chris Faulkner will appear with State Representative Jim Keffer,
Chairman of the House Natural Resources Committee and former Chairman of
the Energy Resources Committee, Kinnan Golemon of KG Strategies and
world-renown economist, Dr. Ray Perryman of The Perryman Group,
discussing the Economics of Energy Exploration. Perryman was highly
influential in forecasting the potential economic damage to the state of
Texas of the Denton fracking ban, which local voters approved by a 60-40
margin in November, but is being challenged by multiple lawsuits and is
the basis of two House bills that would greatly regulate local
communities ability to restrict oil and gas development.
“People are learning now just how critical this is to the state, these
communities, and particularly our school districts. In Denton, for
example, there is substantial lost revenue to the schools that has to be
picked up by the rest of the state, and that’s just not workable,” Chris
Faulkner said. “Denton’s unfortunate vote shined a light on this, not
only in Texas but literally around the world, so I support the two House
bills. Obviously, we cannot have a patchwork quilt of regulations in the
state of Texas where oil and gas has operated in and around our cities
since 1866 when the first oil well hit in Nacogdoches County,” Faulkner
added.
The Legislative Conference kicks off tonight with a reception honoring
state Speaker of the House Joe Straus, who has been named 2015 Texan of
the Year. Past recipients of the award include Governor John Connally,
Herb Kelleher, William P. Hobby, Kay Bailey Hutchison, George H.W. and
Barbara Bush, George W. and Laura Bush and T. Boone Pickens.
The program adjourns with an address by Laura Bush on “Taking Care of
Texas.” Breitling Energy is a sponsor of the Legislative Conference
along with Martin Marietta, RINCO of Texas, CPS Energy, GVEC and The
Perryman Group.
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
(March 26, 2015 - 2:34 PM EDT)
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