| Montello Resources (TSX.V:MEO an oil
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| | from a domestic source, it is likely that
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| and gas exploration firm based in
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| | Tennessee Oil and Gas will be predisposed
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| Calgary, Alberta, potentially has a very
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| | to accommodate Montello in its
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| big problem on its hands. Its the kind of
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| | application for additional drill permits.
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| problem most junior explorers only wish
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| | In the August monthly newsletter of the
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| they had.
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| | Tennessee Oil and Gas Association, the
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| The company is in the last leg of
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| | lead article quotes Montellos intentions
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| drilling on the John Bowen #2 test well
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| | from the companys own web site, which
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| in Tennessee, just over a mile from the
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| | seems to demonstrate local support for
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| site of the now notorious Pryor Oil
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| | Montello.
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| blowout, after a drill penetrated a
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| | There are good reasons why major oil
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| formation at 2,400 feet that was under an
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| | companies have steered clear of
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| estimated 2200 pounds per square inch of
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| | Tennessee. About 215 million years ago,
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| pressure. The resulting explosion of
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| | under the heat and pressure of a
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| condensates blew the derrick into the
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| | continental collision, the rocks in
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| air, and by the time the EPA showed up to
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| | northern Tennessee began to bend. When
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| take control of the scene, the gusher had
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| | they broke in a series of long, jagged,
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| flowed at rates of up to 12,000 boe a
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| | parallel lines oil and gas migrated from
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| day!
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| | deep in the Earth into cracks and folds
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| Pryor Oil was all but annihilated by the
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| | in the rocks. Prospectors in Tennessee
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| legal and cleanup costs, and for years
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| | spend lifetimes tracing the patterns of
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| afterwards, the Tennessee Oil and Gas
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| | ancient breakage; they call it "chasing
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| Authority banned any further exploration
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| | fractures."
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| in the region.
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| | That makes the reservoir like the one
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| That was over 5 years ago, and it has
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| | that produced the Pryor gusher a rarity,
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| taken that long for Montello president
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| | and big oil companies dont like to waste
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| Bill Cawker to get the companys ducks in
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| | time on such locations. Drilling is
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| a row to take another shot at the monster
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| | shallow and cheap here, compared with
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| formation.
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| | Texas or Oklahoma, but the biggest
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| When it came to putting a property
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| | discoveries have topped out at 1,000
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| package together in Tennessee, fractured
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| | barrels a day, a payoff too small to
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| ownership and obtuse property
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| | attract large companies.
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| configurations were enough to alienate
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| | ''There are thousands of acres east of
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| all the usual American Big Oil suspects
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| | this that have never been drilled,''
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| for a well with potential of the John
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| | added Alan Murrell, one of the owners of
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| Bowen.
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| | Southeastern Energy, the company that
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| The reality is that highly pressurized
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| | discovered an 800 boe/d well in 2004 near
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| formations like the one under Tennessee
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| | Pickett County.
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| are merely a technical challenge
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| | 'This has been a hot area to drill in,''
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| requiring a strategic approach to sinking
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| | he said. ''Tennessee is finally getting
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| a well.
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| | the recognition it deserves. It's a
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| Montello was delayed in spudding the John
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| | little Texas, I've always thought.''
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| Bowen #2, originally planned for January
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| | Montello, on the other hand, is drilling
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| 2007, due to the lead time required to
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| | deep in an effort to get a broad
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| organize specialized drilling equipment
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| | understanding of the geophysical
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| for the drilling program. The drilling
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| | characteristics of the target ground.
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| contractor is Nabors Drilling USA, a
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| | Montello will be drilling to the basement
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| subsidiary of Nabors Industries
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| | (Pre-Cambrian) to the depth of the
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| (NYSE:NBR). Nabors is the worlds largest
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| | "Granite Wash Shale to an estimated depth
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| provider of land and platform drilling
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| | of between 7000-9500 feet.
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| contact services for exploration of oil,
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| | This article is intended for information
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| gas, and geothermal wells.
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| | purposes only, and is not a
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| High-pressure reservoirs are
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| | recommendation to buy or sell the
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| traditionally drilled with large
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| | equities of any company mentioned herein.
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| overbalanced margins to minimize the risk
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| | It is based on sources believed to be
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| of unplanned reservoir inflow. The high
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| | reliable, but no warranty as to accuracy
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| pressures associated with these influxes
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| | is expressed or implied. The opinions
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| can result in larger kick volumes,
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| | expressed in the article are those of the
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| reduced reaction time and consequently,
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| | author except where statements are
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| greater risk. Challenges associated with
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| | attributed to individuals other than the
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| these overbalanced margins serve to
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| | author, in which case the opinions are
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| increase loss of circulation risk,
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| | those of the individual to whom they are
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| resulting in high-pressure kicks,
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| | attributed.
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| differential sticking and wellbore
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| | The author and are not shareholders in
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| damage, never mind environmental
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| | the companies herein mentioned, and the
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| accidents like the one involving Pryor
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| | author, as an employee of Resourcex
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| Oil in 2002.
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| | Publishing Corp is expressly prohibited
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| Domestic supplies of hydrocarbon energy
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| | for owning any securities about which
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| are a new priority for George Bush and
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| | they may write for a period of 30 days
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| the U.S. government. The upside for
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| | prior to and 30 days after initial
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| Montello is that should this first well
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| | publication of the article in which the
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| result in the safe oil and gas production
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| | securities of any company are mentioned.
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