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MAJESTIC
MANAGEMENT CORPORATION gained national attention with the 10 for 10
completion of it’s Blue Hole Drilling & Recovery Program. The
following articles are taken from the "Oil & Gas
Investor", "Hart’s Oil & Gas World",
"American Oil & Gas Reporter", and "The Hart
County News-Herald".
"The Edmonson County "oil boom" has jumped
across Mammoth Cave National Park into Hart County, Kentucky,
reports Mammoth Geophysical Inc., Barrackville, WV. The first large
scale drilling program north of the park was kicked off recently by
Majestic Management Corporation, Albany, KY. Five Silurian
Brownsport oil wells producing from about 850 feet, have been
completed on Majestic’s Hickerson lease in 1-1-42, a few miles
south west of Munfordville on an 800 acre block along Green River.
The initial #15 well made 28 bbl. Of oil per day on pump, while a
flowing well, the #7, is expected to be gauged at more than 30 bbl.
per day. The wells are part of Majestic’s Blue Hole drilling
program. Mammoth Geophysical provided the data used to pick the
drillsites." |
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| The Blue Hole
prospect is located about eight miles west of Munfordville, the
County Seat of Hart County. The acreage lies along the Green River.
The 1,000+ acre prospect leases are readily accessible for drilling.
Louisville, Kentucky is about 60 miles to the north and Nashville,
Tennessee is about 100 miles to the south along interstate 65.
This area in the Forestville Community of Hart County is
located to the west of the Cincinnati Arch and is on the eastern rim
of the Illinois Basin. Most of the production in this area comes
from dolomite and limestone formation.
The prospect lies directly on trend with both the Coghill
lease to the west and the Logsdon Valley Field to the east, both of
which are producing from the Brownsport formation. The presently
producing wells on the Blue Hole Prospect seem to be a continuation
of the oil pools that are situated to the east and west. The
prospect field has a solution gas drive. The reservoir
characteristics appear to be similar to the other productive areas
of Hart County. It appears that numerous additional wells can be
successfully drilled on this acreage.
The Logsdon Valley Field was discovered in 1930 and
produced about 3,000,000 barrels of oil in the first three years of
production. Some of the initial wells flowed while drilling. One of
the first wells flowed at a rate of about 900 barrels of oil per
day. Several of these wells have been in continuous production since
1930. A pipeline was laid from the Logsdon Valley area to
Munfordville where the oil was loaded on railcars. The lack of
transportation facilities in 1930 was a factor that curtailed
continued development in this area.
The Coghill lease was discovered in 1982 and is still in
production. This lease paid $1,000,000 to the investors in the first
two years of production. This trend of production continues for
several miles and any extension of this play will have to be in the
vicinity of the acreage controlled by Majestic Management
Corporation. |
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Majestic Management Corporation
1202 South Green Street
Glasgow, Kentucky 42141-2014
(800) 433-9441
Return to the Mammoth
Geophysical Links Page |
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