Breitling purchases Oklahoma oil, gas company

Breitling Oil and Gas Corp., will purchase Southwest Energy Exploration of Oklahoma City.
Financial terms were not disclosed.
Under the confidential terms of the agreement, which will go into effect Jan. 1, Southwest Energy will be a wholly owned operating subsidiary of Breitling Oil and Gas.
The purchase includes all Southwest Energy Exploration property, equipment and leases of land in Oklahoma and Texas.
Management, which has over 30 years of experience in the industry, is contracted to remain with the business for a minimum of five years. Southwest Energy Exploration was started in 2004 and remains a local leader in oil and natural gas exploration within Oklahoma.

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