Crude Oil Operations

Our crude operations are centered in the counties of Monroe, Adair, Russell, Green, and Hart in south central Kentucky. We currently have 30 wells under bond of which 14 are in production. Our wells are drilled from 500-2100 feet in total depth and produce from the Coniferous, Sunny Brook, Stones River, and Knox formations. The Company maintains over 5000 acres of mineral rights leases in these select counties.

Oil and natural gas resources occur throughout much of western Kentucky, south-central, and eastern Kentucky. Early explorers and settlers found many natural oil and gas seeps, as evidenced by place names such as Burning Springs, Salt Fork, and Oil Valley. In 1818, in McCreary County, Martin Beatty contracted with Huling and Zimmerman to drill a well for brine. It produced oil that that was captured in wooden barrels and shipped by barge on Cumberland River. The deepest well in the State, the Exxon No. 1 Duncan in Webster County, was drilled to a depth of 15,200 feet in 1977. Oil is produced from Mississippian-age limestones and sandstones in eastern and western Kentucky and Ordovician-age limestones and dolomites in south-central Kentucky.