\ The Tennessee Oil and Gas Association  (TOGA) is an organization of men and women involved in the exploration, development and production of crude oil and natural gas in Tennessee.


                                     

Ky/Tenn Report

Volume 8, Number 70                                   July 2001

BACK TO MOUNTAIN VIEW, JULY 26th FOR TOGA-The Tennessee Oil & Gas Association will hold its monthly meeting at the Mountain View Golf Course and Lodge at 6:30 p.m. (CST), Thursday, July 26th.   On the agenda are finalizing plans for the Producing Property Exchange booth in Houston, as well as an activity and regulation update.  The Mountain View Golf Course and Lodge is south of Allardt, which is just outside Jamestown. At the four-way stop in Allardt, turn south (toward Crossville).  The Mountain View Golf Club and Lodge is in the left about 3 miles down the road. Dinner will be at 6:30 p.m. ($3 each) with the meeting to start at 7:00 p.m.

RED SPILL TRAILER TO ALPINE-With all the drilling activity in Overton and Pickett Counties, TOGA board of directors voted to locate one of the spill trailers into that area.  After checking out the possibilities, we selected the Alpine fire department.  Thanks to Bill Ray and Blacky Pryor, we now have a trailer closer to the action.  If you are a spill trailer member, you know how to get the trailer if you need it.  If you are not a member, you need to become one. The cost is a one time charge of $300 for life membership.  Call the TOGA office for details at 615-263-1291.

PRODUCING PROPERTY EXCHANGE-TOGA has a booth at the Producing Properties Exchange in Houston, August 7-8.  If you have a property or prospect, this is the place to get it out to buyers.  Sponsors who pay $100 each will be able feature their properties.  Signed up are Bill Ray, Miller Petroleum, TMD Energy, Bob Beaver, B&H Supply, Dieter Hein and Young Oil Corp. Call Bill Goodwin for details.  We need a few sponsors to cover our booth costs.  Don’t wait for investors and partners to come to Tennessee.  Oil and gas prices are higher than they have been in years.  If you have a deal to sell, this is the place to sell it and now is the time to sell it.  Bob Nelson, AC Insurance, has volunteered to work in the booth.  More volunteers needed.  Don’t pass up this opportunity to sell a deal, idea, service, lease, etc.

B&H SUPPLY SELLING WELL SIGNS-The law requires a sign, containing the name of the well, permit number, operator, emergency phone number and information about the Oil & Gas Board, at every well and tank battery.  TOGA now has signs available at a price of 2 for $5 plus postage for members and $5 each for non-members.  State inspectors will be checking wells over the next few weeks and issuing citations for wells with no signs.  Get a sign, not the fine.  The TOGA signs are on sale at B&H Supply, Bill Ray’s office and the TOGA office.

GOT OUR SIGN BACK-Last month we asked if anyone knew what happened to our sign “There Really Is Oil In Tennessee”, last seen at the TOGA convention.  Right after the newsletter came out, an investor from Florida who attended the TOGA convention, called to let us know he had the sign.  Seems he was still in the Holiday Inn late Thursday night, saw the sign still up long after the convention was over, so figured it would be tossed out by the hotel staff the next day.  So he took it down and took it back to Florida.  When he learned we needed it, he called and made arrangements for us to pick it up in Knoxville.  It worked out well because he is a Tengasco shareholder, so he gave it to us at the Tengasco annual meeting, June 26th.  Many, many thanks.

MANY THANKS TO SHARON, DELOY MILLER & BALON VALVES- Sharon and Deloy Miller teamed up with the Balon Valve team of David Breaux and Allan Canady to host a super steak fry/TOGA Board Meeting at the Miller’s home. The weather didn’t cooperate but it was still a great event, both around the pool and, occasionally waiting out the rain inside.

TRENTON SEMINAR REPEATED, AUGUST 7-Earlier this year PTTC and WVU Dept. of Geology conducted a seminar on the Trenton-Black River Exploration and Production.  The event sold out and they had to turn away nearly 50.  So they have rescheduled another “Appalachian Update: Trenton-Black River Exploration, Round 2” for August 7,2001 at the Appalachian Region PTTC resource center  at West Virginia University, Morgantown, West Virginia.  Cost is $75. For more information, contact Mark Hoffman, NRCCE/WVU, P.O. Box 6064, Morgantown, WV 26506-6064, or call 304-293-2867 ext 5446.  E-mail Mhoffman@wvu.edu.

PUMP PRICES DOWN, OIL HOVERS ABOVE $20, NYMEX GAS $3.11 This month it is the consumers who are happy as pump prices dropped into the $1.20 range.  This dip was reflected in crude oil prices, which fell from $23 on June 26th to $21.75 on July 3rd.  Citizens Gas Utility continues to pay $4 MMBTU for natural gas in Tennessee, while the NYMEX price for August is $3.117.  July prices were even lower, at $2.995, the posted price at the Henry Hub for July 2, 2001.

SPILL SEMINAR SLATED FOR SEPTEMBER-TOGA will host an oil spill seminar for all drilling and production crews that may have to deal with an oil spill, either in drilling or later during production.  The seminar is tentative scheduled for September.  More details next month.

  NATIONAL ENERGY POLICY-TOGA director Willard Glover shared some National Energy Policy suggested talking points with the board members at our June meeting.  According to the report, the President’s energy policy contains realistic, balanced solutions to real problems. One point suggested is that there is no simple solution to our energy situation.  It will take time for any realistic energy policy to achieve results.  Yet, we have the technology and the resources to meet our energy needs for the foreseeable future, while ensuring a clean environment.

 EDITORIAL NOTE- I appreciate Willard bringing the pro-Bush talking points to the meeting.  I have known President Bush for some time, like him, voted for him and support his energy policy.  However, I was disappointed, but not surprised that an energy policy developed by two oilmen,  didn’t do anything to strengthen domestic oil and gas production.  Just a couple of small tax breaks for investors in domestic wells would have done wonders for our business.  But if the President had suggested any kind of tax incentives, the liberals would have screamed to high heaven.  We may have an oilman in the White House, but don’t expect it to help much when it comes to regulations and tax incentives.

 TENNESSEE JUNE WELL PERMITS-Anderson County- John Henry Oil Corp., Permit #9755, Coal Creek Mining & Mfg #5, Lake City Quad, 3200 ft./ John Henry Oil Corp., Permit 9763, Coal Creek Mining & Mfg #6, Lake City Quad, 2900 ft./ Campbell County- Delta Producers, Permit #9757, Lindsey Land Co. #9, Jacksboro Quad, 4000 ft./ Delta Producers, Permit #9760, Lindsey Land Co. #10, Jacksboro Quad, 4000 ft Fentress County-Basin Oil & Gas, Inc., Permit #9761, Joe Pile #14, Riverton Quad, 2000 ft./ Hancock County-Tengasco, Inc., Permit #9758, Fred Portrum #1, Swan Island Quad, 5200 ft./ Tengasco Inc., Permit #9767, Fred Portrum #2, Swan Island Quad, 5200 ft./ Tengasco Inc., Permit #9768, RD Helton Unit #3, Swan Island Quad, 5200 ft./ Overton County- Pryor Oil Co., Permit #9756, Ellen Rose Sells #2, Alpine Quad, 2500 ft./ Riverside Oil & Gas, Permit #9759, Freddie Paul #1, Alpine Quad, 2000 ft./ Robbins-Davidson Oil & Gas, Permit #9762, Alleta Smith #3, Alpine Quad, 2000 ft./ Gold Eagle Energy Resources, Permit #9764, OV Story #1, Alpine Quad, 2000 ft./ Basin Oil & Gas, Permit #9766, Robert Wright #11, Alpine Quad, 2000 ft./  Pickett County- Young Oil Corp., Permit #9765, James & Jesse Smith #2, Alpine Quad, 2000 ft./

 KENTUCKY JUNE WELL PERMITS-Clinton County- Global Exploration, LLC, Permit #92423, Benny Brown #1/ Global Exploration, LLC, Permit #92442, David McWhorter #1/ Young Oil Corp., Permit #92499, Izora Stover #1/ Crudewell Drilling Inc., Permit #92469, Mike Owens #15/ Duncan Drilling Co., Permit #92505, Luther Dalton Heirs #7/  Cumberland County- Jim Wetzel, Permit #92504, Lloyd Spears #1/   Knox County-Eastern Energy Corp., Permit #92452, Joe Good et al #1/ Eastern Energy Corp., Permit #92480, William & Paul Shephard #1/  McCreary County- Champ Oil Co. Inc., Permit #92450, James Witt #2/  Whitley County- Energy Associates, Inc., Permit #92445, Princeton Etal #EA32/ Champ Oil Co. Inc., Permit #92449, Austin Perry #1/ Eastern Energy Corp., Permit #92451, Shirley Miller Et Al #1/ Energy Associates Inc., Permit #92446, Princeton Etal #EA33/

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.

 

 

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(Phone) 615.263.1291   ( Fax) 615.263.1282