Posted by Alan D. Humphrey (66.38.29.23) on March 29, 2008 at 15:57:50:
FOR SALE PREVIOUSLY HUGE PRODUCING OIL & GAS LEASE, RE-WORK, RE-DRILL,SECONDARY RECOVERY POTENTIAL
I have just obtained an oil & gas lease that I've been after for many, many, years. This lease had the last producing well on the Guthries Chapel Oil Boom/Field. This well produced for 1/4 century and the equipment was recently pulled, ( unhappy landowner over that and too many details to get into here). Anyway, the lease is now mine and I'm looking for industries/partners to re drill, re-work, enhancement potential, etc..
This previously large producing lease, that is in the center of the old Guthries Field, was hit in the early 80's. According to the driller's log sent into the Ky Division of Oil & Gas, one of the wells came in at 100 bbls per hour in the Stones River formation and later drilled to the Knox where the drillers log claims the well produced 600 bbls per day. The other well, ( the one just pulled), according to the Division of Oil & Gas driller's log, shows 600 bbls per day, also in the Knox formation. Knox depth approx. 1600'+.
( Note: Ky Division of Oil & Gas disclaimer .) All info can be accessed from the Ky Geological Survey Division of Oil & Gas. ( Note usage requirement).
I'm especially looking for experienced production engineers, petroleum geologist, or someone experienced in secondary recovery, etc.. I have a property line easement agreements on all my leases that puts me within 100'+- of a well that was on the front page of the Cumberland County, Ky newspaper.(see news article). The operator claimed 1000 bbls per day production. The well had to get an easement next to the lease(s) I now own in order to be drilled that close to my lease line.( I have photos of the news article I can e-mail to you if you like.
If you are familiar with Cumberland County, you have heard of the Guthries Chapel Oil Boom, the place where I was raised, where I got into the oil business, and where I first got oil on my boots . My family cemetery is in the center of the old field, so you might say I know a tad about the area.
I'm looking for someone easy to work with and preferably seasoned professionals. I can e-mail all data that was sent into the Ky Div. of Oil & Gas. You will be responsible for all due diligence and take the lease the same way I bought it, ( as is). ( I DO NOT HAVE THE HISTORICAL PRODUCTION DATA). But, I do know there were seven 210 barrel
tanks. Also there were seven 210s on the adjoining lease + many, many, more in the area.
Very serious inquiries only. Come and look for yourself and research until your hearts content , (at your expense of course). This lease is only 35 acres but has great potential in my opinion. And especially if you have the background knowledge to work old abandoned oil fields. I'm anxious to get this baby going.
I also have 3 adj. leases for a total acreage of 115+ and with right to easement on all property lines. Plus my brother owns adj. property to the northeast. These leases don't go with this deal unless we can work out a secondary recovery deal or other types of deal that can be negotiated. The 35 acre lease once had 50,000 lb torque Churchill Pump-Jacks and 2,7/8" tubing downhole on no.1 & 3 wells, ( the largest pumpjack I've ever seen in our part of the country. Note the photo, but the jack is no longer there.( to much detail to get into here)
Emails are easier for me to respond to because of my busy schedule, although phone calls are okay.
Alan D. Humphrey
Humphrey Oil & Gas, Inc.
Crude oil & gas exploration
Home: 270-433-7612 (call first)
Cell: 270-433-1319
humphreyoil@gmail.com