Oklahoma oil and gas prices: November 2, 2012

Drilling and well service rigs located in El Reno and Guymon will be part of a major auction in Odessa, Texas, next week. Kruse Energy and Equipment LLC will conduct the Nov. 7-8 auction, which includes equipment from some of the largest oil-field service companies in the country. A preview of the equipment for sale began Thursday in 12 yards in Texas, Oklahoma and North Dakota. For more information, visit www.kruseenergy.com.

Breitling drills in Grant County

Breitling Oil and Gas Corp. has begun drilling its second exploratory well in northern Oklahoma's Mississippian formation, the Texas-based company announced this week. Drilling on the Grant County well started on Oct. 20. It is expected to be completed in about 28 days, with well completion and testing likely to begin in the third week of November. “Breitling remains very optimistic about the horizontal Miss play in Oklahoma.” CEO Chris Faulkner said. “The horizontal Miss play has the opportunity to become a premiere play assisting America in its quest for energy independence.”