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TOGA
TO MEET AT MOUNTAIN VIEW, MARCH 28th-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, March 28th,
2002. On the agenda are plans for
annual convention and elections scheduled for May 15-16, 2002 in Knoxville.
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. ($7 each) with the meeting to start at 7:00 p.m. CONVENTION PLANS SET, MAY 15-16, KNOXVILLE-The Tennessee Oil & Gas Association will hold its annual meeting on Wednesday, May 15th and Thursday, May 16th at the Cedar Bluff Holiday Inn. Registration is $50 per person. Call the hotel at 865-693-1011 for room reservations at the special rate of $89. Speakers on tap so far are Doug Patchen, Director, Appalachian Basin Petroleum Technology Council, Ronald Zurawski, State Geologist and Director, Tennessee Division of Geology as well as speakers from Halliburton and Schlumberger. As always we need $100 sponsors, which includes one $50 registration. RAY, MILLER, THOMPSON HEAD NOMINATION COMMITTEE-Board members Bill Ray, Deloy Miller and Cressel Thompson will serve as the nominating committee for the upcoming board of directors election. The terms of Doug Clark, Lynn Wagoner, Dieter Hein and Rivers Ford all expire at this years’ convention. Rivers Ford announced at the February board meeting that he did not want to be re-nominated for the board. If you are interested in serving on the board, contact a member of the nominating committee. MILLER PETROLEUM SELLING GAS TO POWELL CLINCH- Miller Petroleum, Inc. (OTCBB-MILL) is now selling natural gas to the Powell Clinch Utility District from the first four wells drilled on its 4,000-acre lease in Campbell County, Tennessee. “We currently have a contract to sell 300 mcf per day,” explained Miller CEO, Deloy Miller. “We are currently negotiating additional contracts for more downstream gas sales as we believe we have the potential to sell substantially more gas on a sustained basis from our existing wells and additional wells to be drilled.” Miller completed the first well in the Big Lime Formation at between 3,704 feet and 3,719 feet on the 4,000-acre Lindsey Land Company lease in October 2001. After stimulation The Lindsey Land Company #12 tested 2.75 Mmcf per day with shut-in pressure of 900 p.s.i. Miller and Delta Producers each own 50% in the lease and the gathering system. More drilling is planned. STAFF
REVIEWS OIL & GAS REGS, SUGGESTIONS INVITED-
Members of the Oil
& Gas Board staff met recently with TOGA President Bill Goodwin to review
existing oil and gas regulations. As
a result of that meeting, several areas are under consideration for updating.
Those areas include spacing, production reports, temporary abandonment,
bonds and samples. If you have any comments or suggestions on how the Tennessee
Oil & Gas regulations could be updated, we would like to hear from you.
A meeting to discuss the rules with the staff and inspectors may be held
at the annual convention in Knoxville. More
in next newsletter. OPERATIONS MANAGER SEEKS JOB-Gary Stephen Yates has more than 30 years of experience in operations and management of oil and gas properties. He has excellent knowledge of well operations, completions, workovers, facility installations and office procedures. He wants to move to Tennessee. Contact him at 281-374-9178 or on his cell phone at 281-734-7245. WE NEED SOME COLD WEATHER- To eliminate the existing gas storage bubble, the nation needs to withdraw gas at the rate of 22 Bcf/day between January 1 and April 1. Considering the fact that the nation withdrew less than 22 Bcf per week in the fourth quarter, this is an overwhelming hurdle. We usually put 1.6 Tcf into storage in any given year. In the summer of 2001, the volume grew 50%, as the industry added 2.4 Tcf to storage. Until the economy recovers or the climate returns to normal, the gas bubble is back Operators polled by Lehman Brothers said they are still expecting 2002 natural gas prices of $2.83 on average, although nearly 40% of the respondents to the survey thought natural gas would average $3Mcf for the year. “Come on snow and ice from New Mexico to Maine!” OIL SPENDING DOWN FROM 2001, UP FROM 2000-U.S. spending on oil and gas exploration and production activities will approach an estimated $28 billion this year, down from $32.7 billion in 2001, according to Well Servicing. Still, this lower figure represents spending slightly above 2000 levels. This represents spending at the rate of half billion dollars a week. TENNESSEE FEBRUARY WELL PERMITS- Anderson County - Knox Energy LLC, Permit #9855, Coal Creek Mining & Manufacturing Co. #7, Petros Quad, 6900 ft./ Knox Energy LLC, Permit #9858, Coal Creek Mining & Manufacturing #8, Petros Quad, 6900 ft./ Knox Energy LLC, Permit #9860, Coal Creek Mining & Manufacturing Co. #13, Petros Quad, 6700 Ft./ Campbell County-Miller Petroleum, Inc., Permit #9857, Koopers 33-B, Lafollette Quad, 4000 ft./ Overton County-AV Conner, Permit #9856, Betty Davis #2, Livingston Quad, 2000 ft./ Consolidated Agarwal Resources, Permit #9859, Charles Gerald Norrod Jethow #1, Alpine Quad, 2000 ft./ KENTUCKY FEBRUARY WELL PERMITS – Clinton County-Ohio Kentucky Oil Corp., Permit #93340, Ferguson Brother, Inc. #34/ Steve Burchett Oil Co., Permit #93372, Jimmy Upchurch #2-1/ Cumberland County-Cumberland Energy LLC, Permit #93354, Herman Booher #CE2/ Cumberland Energy LLC, Permit #93356, Herman Booher #CE4/ Cumberland Energy LLC, Permit #93355, Herman Booher #CE3/ Knox County-Daugherty Petroleum Inc., Permit #93360, Equitable Production Co. #24/ Amwes Resources Corp., Permit #93374, Dan Swafford & Billie Joyce #1/ Daugherty Petroleum, Inc., Permit #93380, Equitable Production Co.#HE-89/ Amwes Resources Corp., Permit #93375, Lenvil &Molissa Mills#1/ Letcher County-Dart Oil & Gas Corp., Permit #93358, John Eversole #1/ Equitable Production Co., Permit #93331, Equitable Production Co. #504732/ Clean Gas Inc., Permit #93368, KY River Corp. #KRCC/SB-EX4 / J W Kinzer, Permit #93385, Coastal Coal Co. #1144/ McCreary County-Champ Oil Co., Permit #93321, Ken Ball #1-A/ Champ Oil Co., Permit #93371, Judson Harmon #4/ Metcalfe County-Ohio Kentucky Oil Corp., Permit #93336, Sylvia Mitchell #5/ Ohio Kentucky Oil Corp., Permit #93341, Robert Bell 5/ Ohio Kentucky Oil Corp., Permit #93342, Robert Bell #6/ Ohio Kentucky Oil Corp., Permit #93344, Robert Bell #8/ Ohio Kentucky Oil Corp., Permit #93346, Ronnie Jeffries #2/ Young Oil Corp., Permit #93337, Robert Bell #4/ Ohio Kentucky Oil Corp., Permit #93343, Robert Bell #7/ Ohio Kentucky Oil Corp., Permit #93345, Sylvia Mitchell #6/ Ohio Kentucky Oil Corp., Permit #93347, Ronnie Jeffries #3/ Young Oil Corp., Permit #93373, Ronnie Jeffries #3-Y/ Beck Oil Inc., Permit #93402, Edward Gentry #5/ Ohio Kentucky Oil Corp., Permit #93397, Keith Coomer #1/ Ohio Kentucky Oil Corp., Permit #93396, Robert Bell #3/ Ohio Kentucky Oil Corp., Permit #93395, Keith Coomer #2/ Young Oil Corp., Permit #93400, Ronnie Jeffriers #5/ Whitley County-Energy Associates Inc., Permit #93376, Lonzo Green Et Al #1/ Energy Associates Inc., Permit #93377, Princeton Et Al #EA39/ 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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