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$980,000.00

Cumberland Saddle Oil and Gas Producing Leases For Sale

  • State/Province: KY
  • Country: United States
  • Quantity: 1
  • I Want To: Sell
  • Price Negotiable?: Tick to enable
  • Listed: October 30, 2018 4:48 am
  • Expires: This ad has expired
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Description

The Cumberland Saddle of the Cincinnati Arch geologic province has historically been a hotspot for
oil exploration in Tennessee and Kentucky and continues to be for several small independent
producers.
o Kettle Creek – Monroe, KY : 897.5 acres, 2 leases
o Pine Branch – Clay, TN: 890.67 acres, 4 leases
o Pea Ridge – Clay, TN: 428.57 acres, 3 leases
o Mill Creek – Overton, TN: 251 acres, 1 lease
 An estimated total of 40‐50 new well locations can be reasonably drilled on the 10 leases.
The Kettle Creek area is located in south‐central Kentucky, near the Monroe‐Cumberland
County line and the Tennessee‐Kentucky state line. Geologically, this area lies within the Cumberland
Saddle of the Cincinnati Arch, and more specifically, the northern flank of the Nashville Dome.
Historically, this region south of Burkesville, Kentucky, has attracted numerous operators due to the
shallow depths (less than 2,000 feet) of many big oil‐producing and multi‐pay zones. The Kettle Creek
and Ashlock oil fields (see below) are the two largest oil‐producing fields in the entire examined region.
Fractured reservoirs in Ordovician limestone and dolomite offer the primary oil reserves (Gooding,
1992). The Kettle Creek area, which consists of but not co nfined to locations east of the Cumberland
River and west of the Monroe/Cumberland County line.
The Burnette #1 W Burnette #2 Smith #1, and Smith #2.
The W. Burnette #2 was by far the most productive, with initial rates of 30
barrels of oil/hour and over 90 barrels/day for months later with abundant gas. Only the Burnette #1
and Smith #1 are currently producing, performing at rates of 15 b/d and 1 b/d, respectively. These
locations were all carefully chosen and drilled based on detailed geologic and historical data (not
included with this brief overview).
The Pine Branch area is located in the Cumberland Saddle of north‐central Tennessee and just
south of the Tennessee‐Kentucky state line. It includes both the Pine Branch oil field and the southern
continuation of the productive Kettle Creek oil field from Kentucky. This area holds nearly as much acreage as Kett here in the 1930s and 40s, and no wells aside from Planet Energy’s have been drilled since the 1980s.
Pay zones here can occur at very shallow depths (300‐600 ft). One well, the Cordell Hull #1, struck oil at
four different horizons and initially flowed approximately 600 barrels/day, later leveling off at 120 b/d.
This and several other wells were favorably located on a prominent domed structure, which has been
confirmed by detailed mapping. Roughly 19,000 barrels were produced from seven wells in the area in
late 1937 to 1938 (Born and Burnwell, 1939).
The Holman #, which did not produce any commercial oil and is now plugged. Water was encountered at several horizons, several.horizonal though a carefully designed casing plan was implemented, the water became too obstructive to
determine smaller (and treatable) oil and gas shows in the Ordovician fractured limestone. The Klimas
lease has an unplugged well that was reported to produce 6 b/d without any stimulation. Language
within the lease agreement allows the operator to rework and produce any existing wells on the
property, and the Klimas well remains a good candidate for this.
The Pea Ridge area is located near the KY state line in north‐central Clay County, TN, and
includes the Shepherd, Anderson, and Ashlock leases (with more attainable in the area). The Shepherd
lease is just under 2 miles due south of the productive Ashlock field, known as God’s Land in
Cumberland County, KY, while the Anderson/Ashlock leases are at the southern end of this field and just
south of the TN state line. Several large producing wells (>100 b/d) led to the field’s extensive
development. A large Ordovician Knox Group porosity break (>15%) can be seen on many of the well
logs in this area.
Six wells have been drilled by different operators on the Shepherd lease, five of which struck oil at
the top of the Knox and two of which are currently producing oil (about 1 b/d). The lease contains a
well‐defined structural high/dome that is largely unexplored on its southern half. The first and only well
drilled was located there, the shepherd # 1, which struck oil on the knox formation at 8 b/ d
before declining. The well is currently shut‐in. Two other wells operated, The Clark # 2 and Clark #4
were drilled in the early 1990’s and continue to produce from two different horizons in
the Ordovician limestone at a steady rate.
The Mill Creek area is located near the Clay and Overton County line on the Eastern Highland
Rim and Cumberland Saddle of Tennessee. Overton County contains the most Ordovician producing
wells in Tennessee and attracts more operators than any other county. Like the Pine Branch area, Mill
Creek contains older production and development (1920s‐40s) but is blended here with more recent
operation

 

Call or email Steve with any questions or information request . 337-453-5899 or steve@oilpatchsurplus.com

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Listing ID: 1655664c9477070

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