DALLAS--(BUSINESS WIRE)--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.