Ky/Tenn Report

Volume 7, Number 65 NOVEMBER 2000

CHRISTMAS PARTY, NOV. MEETING COMBINED, DEC. 9-The Tennessee Oil & Gas Association board of directors voted to combine the November meeting, scheduled for November 23^rd and the Christmas party, scheduled for December 9^th. The primary reason for the decision was that November 23^rd is Thanksgiving and although the food at the Mountain View Lodge is good, it isn’t worth missing Thanksgiving dinner for. The only other time to meet would be the 30^th and that would be less than two weeks before the Christmas party.

GIFTS IF YOU REGISTER FOR TOGA CHRISTMAS PARTY-Anne Byrd, chairperson of the Christmas Party, reports that everyone who registers in advance for the TOGA Christmas Party will get a gift at the party, which is scheduled for 6:30 p.m. (EST), Cedar Bluff Holiday Inn, Knoxville on Saturday, December 9^th. The cost of the party is $25 per couple.

The reason Anne is offering a gift to those that register is that we have to let the hotel know in advance how many $30 meals we need. You can register by calling the TOGA Office at 615-263-1291 or faxing a note to 615-263-1282.

NEED MORE SPONSORS FOR CHRISTMAS PARTY-We could use more $100 sponsors for the Christmas party. The board is charging only $25 per couple. However, the meal costs about $30 each plus the cost of gifts (if you register in advance), so we need sponsors to pick up the costs. So far, we have South Kentucky Purchasing Co., Bill Ray, Mark & Rusty Liming and Halliburton. If you are interested in sponsoring, contact the TOGA office, 615-263-1291.

BARB LOCKHART SAVES THE DAY, MAYBE A LIFE-As chairman of the TOGA safety committee, Barb Lockhart, B&H Supply, was concerned about the safety of drilling crews in areas where hitting H2S gas was a possibility. She pledged to acquire some H2S monitors that could be borrowed by rig crews. She looked for several months, but the price of the meters was more than $1,000 each. Her efforts paid off. A friend of the industry (Barb won’t say who) has donated two H2S monitors to TOGA. Barb paid to have them calibrated and they are ready to go out and warn a driller or rig hand when there are dangerous quantities of H2S gas present. "Way to go Barb!"

TENGASCO SAYS PIPELINE ON SCHEDULE, PROFIT IN THIRD QUARTER-Tengasco says that the second phase of its 60-mile Swan Creek natural gas pipeline is proceeding ahead of schedule and on budget. It is now well ahead of its January 2, 2001 targeted completion date. The firm says that as a result of higher production volumes and increased commodity prices during the third quarter of 2000, the firm anticipates it will record profitable operations for the period of an estimated $0.01 per share.

MILLER FRACS BIG LIME WELL, 50+ BOD-The Miller Petroleum, Inc., Tennessee Mining #22B well, Campbell County, Tennessee, came in flowing at a rate of 50+ barrels of oil a day after treatment.

THREE OF NATION’S TOP 200 OIL COMPANIES CALL TENNESSEE HOME-The Oil & Gas Journal has released its top 200 publicly owned companies. Three are headquartered in Tennessee. Two are TOGA members. Tengasco, Inc., (Amex:TGC) based in Knoxville, was ranked 155^th, up from 158^th last year. Miller Petroleum, Inc. (OTC:MILL), headquartered in Huntsville, ranks 177^th, up from 180^th last year. Energy Search, Inc., not a TOGA member, is also ranked in the top 200. Kentucky has two companies ranked in the top 200, including Daugherty Resources, Inc., ranked 156^th and Blue Ridge Energy, Inc., Bowling Green, ranked 182^nd. Neither team was ranked last year. Both are TOGA members. Congratulations to all. Keep it up.

CANCER TAKES PUG ARNOLD, JIM McGIRL-Pug Arnold, 82, one of the best known oilmen in the business died last month of cancer. His son, Bruce, said he was active in the oil business right up until the last, even though he knew he was battling cancer. To make matters worse for the family, Pug’s wife was too sick to attend his funeral. She was in the hospital and was able to visit him in the hospital just before he passed away. He will be missed.

Doc Mayne reports that Jim McGirl, who was active in the oil business in Tennessee with Western Reserves some time ago, has also lost his battle with cancer and died in late October.

BASIN HITS IN OVERTON COUNTY-Basin Oil & Gas, Inc., hit another good Sunnybrook well. It was reported that they hit at less than 500 feet, but were able to get the well on down to about 500 feet. It is expected to make 50-100 BOD.

OPPORTUNITY IN FRANKLIN, BEDFORD COUNTIES-Todd Segall was drilling a water well and it blew oil and gas at a shallow depth. The driller killed the well. If interested, contact Todd at 931-433-5226. Horace Watson is interest in leasing his 400-acre farm in Bedford County. Contact him at: 400 Pickle Road, Shelbyville, TN 37160.

GAS PRICE DIPS A BIT, OIL HOLDS- Citizens Gas Utility District is paying $4.42 MMBTU, less brokerage and other charges, for November gas, which is down from the $5.19 paid last month. This is still a lot better than we have had in the past. Crude oil remains near $30, As South Kentucky Purchasing Co., was paying $28.75 a barrel as of November 3^rd. On October 26^th it was $29, up to $29.75 on the 27th, down to $28.75 on the 30^th, up to $29.25 on November 1^st and $28.75 on the 3^rd

TENNESSEE OCTOBER WELL PERMITS- Fentress County- Basin Oil & Gas Corp., Permit # 9638, Joe Pile #I2, Riverton Quad, 2000 ft./ Hancock County- Miller Petroleum, Inc., Permit #9625, Cheryl Smith #1, Swan Island Quad, 5000 ft./ Tengasco Inc., Permit #9630, Bobby Yeary Unit #1, Swan Island Quad, 5000 ft./ Tengasco, Inc., Permit #9631, Hazel Sutton #1, Swan Island Quad, 5000 ft./ Morgan County- Emory River Pipeline, Permit #9633, Solomon #2, Gobey Quad, 2300 ft./ Overton County- Ohio-Ky Oil Corp., Permit #9621, Ralph Dishman 3A, Alpine Quad, 2000 ft./ Southeastern Energy, Inc., Permit #9622 Roy Parrott #1, Livingston Quad, 2000 ft./ Pryor Oil Co., Permit #9623, James McDonald #1, Alpine Quad, 2500 ft./ Basin Oil & Gas Corp., Permit # 9624, Bobby Almondrode #9, Alpine Quad, 2000 ft./ Ohio-Ky Oil Corp., Permit #9626, Ronald Smith #1A, Alpine Quad, 2000 ft./ Pryor Oil Co., Permit #9627, Louise Brown #1, Livingston Quad, 2500 ft./ Young Oil Corp., Permit #9629, Ralph Dishman #6, Alpine Quad, 2000 ft./ Ohio-Ky Oil Corp., Permit #9632, Ronald Smith #2A, Alpine Quad, 2000 ft./ John Henry Oil Corp., Permit #9634, Roger McDonald #4, Alpine Quad, 2000 ft./ Southeastern Energy, Inc., Permit #9635, Ronnie Maynard Etal #28, Livingston Quad, 1950 ft./ Southeastern Energy, Inc., Permit #9635 Roy Parrott #2, Livingston Quad, 2000 ft./ PoDurco Energy Inc., Permit #9637, Delores Hancock #7, Alpine Quad, 2000 ft./ Young Oil Corp., Permit #9639, Depolitle Family Trust #1, Alpine Quad, 2000 ft./ Ohio-Ky Oil Corp., Permit #9641, Ronald Smith #3A, Alpine Quad, 2000 ft./ Hood Energy, Permit #9642, R&D Wright, Alpine Quad, 2000 ft./ Young Oil Corp., Permit #9643, Douglas Bawmer #1, Alpine Quad, 2000 ft./ John Henry Oil Corp., Permit #9644, Roger McDonald #6, Alpine Quad, 2000 ft./ Pickett County- Bottomline Oil & Gas, Inc., Permit #9628, Sanford Whited #3,, Riverton Quad, 2000 ft./ Bottomline Oil & Gas, Inc., Permit #9640, Roscoe House #1, Riverton Quad, 2000 ft.

KENTUCKY OCTOBER WELL PERMITS-Clinton County-Duncan Drilling Co., Permit #91613, Luther Heirs Dalton #6/ Ohio-Ky Oil Corp., Permit #91627, Ferguson Brother, Inc. #22/ Ohio-Ky Oil Corp., Permit #91628, Ferguson Brothers, Inc., Well # 23/ Ohio-Ky Oil Corp., Permit #91629, Ferguson Brothers, Inc., Well # 24/ Riverside Oil & Gas Inc., Permit #91636, Rocky Beaty #2/ Joe Todd Oil Project, Permit #91658, Cordell Dickerson #5/ Floco-Ky Oil, Inc., Permit 91673, Steve Wallace #4/ Riverside Oil & Gas, Inc., Permit #91676, Rocky Beaty #3/ Explo Oil, Inc., Permit #91691, Charles Warhurst #CW1/ Cumberland County-Humphrey Oil & Gas, Inc., Permit #91618, Joe Hood-Pat Brown #1B,/ Leonard Pfannenstiel, Permit #91660, Richard Keen #4/ Joe Rich, Permit #91687, Bobby King #K-4/ Knox County-Daugherty Petroleum, Inc., Permit #91649, Equitable Production #HE-44/ Daugherty Petroleum, Inc., Permit #91650, Equitable Production #HE-46/ Daugherty Petroleum, Inc., Permit #91651, Equitable Production #HE-47/ Daugherty Petroleum, Inc., Permit #91652, Equitable Production #HE-56/ Daugherty Petroleum, Inc., Permit #91653, Equitable Production #HE-85/ Daugherty Petroleum, Inc., Permit #91654, Equitable Production #HE-45/ Daugherty Petroleum, Inc., Permit #91655, Equitable Production #HE-106/ Daugherty Petroleum, Inc., Permit #91668, Equitable Production #HE-84/ Letcher County-Charles Bradley DBA Basin Energy Co., Permit #91620, Victor Heirs Back Etal #1/ Charles Bradley DBA Basin Energy Co., Permit #91621, Billy Dixon #1/ McCreary County-Champ Oil Co., Permit #91667, Ernest Cooper #2/ Whitley County-Energy Associates Inc., Permit #91614, Princeton Etal #EA-28/ Energy Associates Inc., Permit #91631, Dean Chambers #2

The Ky/Tenn Report is published monthly and distributed at no cost to oil and gas operators in Tennessee and Southern Kentucky. It is owned and operated by W.D. Goodwin, Inc., The editor is Bill Goodwin, e-mail: tmdbill@aol.com It is the official publication of the Tennessee Oil & Gas Association, 750 Old Hickory Blvd, #170, Brentwood, TN, 37027. Phone 615.263.1291, fax 615.263.1282. Web site: www.tennoil.com.

KY/TENN REPORT

750 OLD HICKORY BLVD, #170