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.