Has anyone dealt with Goldston Oil Co.?  I was recently contacted by a landman saying he represents them about leasing some land in Union County, AR.  The landman said he thinks they are not interested in the LSBD.

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Here is their operator listing for LA.  26 listed wells, none producing, 1 recent permit in Claiborne Parish.  It's hardly any surprise that they are not interested in the LSBD.  It would be if they were.  Ask them what formation they are interested in.

G156

GOLDSTON OIL CORPORATION

Oper Type

Addr1

City, State Zip

Contact Name

Phone Num

Phone Type

01

P.O. BOX 570365

HOUSTON, TX 77257-0365

GREG COLBURN

(713)355-3408

OFFICE

(713)355-3429

FAX-OFFICE

01

P.O. BOX 570365

HOUSTON, TX 77257-0365

DENISE PHILLIPS

(713)355-3408

OFFICE

(713)355-3429

FAX-OFFICE

01

P.O. BOX 570365

HOUSTON, TX 77257-0365

DENISE PHILLIPS

(713)355-3408

OFFICE

(713)355-3429

FAX-OFFICE

01

P.O. BOX 570365

HOUSTON, TX 77257-0365

GREG COLBURN

(713)355-3408

OFFICE

(713)355-3429

FAX-OFFICE

Organization Officers

Officer Name

Title

WALTER G. MAYFIELD

PRESIDENT

RODNEY E. HENCKEL

EXECUTIVE VICE PRESIDENT

DON PISKLAK

TREASURER

Organization Red Flags

Effective Date

End Date

Warning Status

Warning Description

11/09/2006

12/06/2006

I

ILLEGAL MOVEMENT

11/06/2008

11/08/2008

F

FINE-CIVIL PENALTY HAS BEEN ISSUED

No contact with Goldston Oil.  What area in Union County?  What is their interest?

Thanks....Jim B.

In the Three Creeks area.  The landman said he thinks they're interested in a deep formation but wouldn't provide details.

The recently permitted Goldston well in S22-20N-8W of Claiborne Parish is a 5100' try for the Paluxy formation, which is above the Pettit. There was also a recently drilled Pettit well (serial #47170) by Saye Oil Co. in 8-19S-18W of Columbia Co. (McClendon Branch Field), which is just west of the Union Co. line. The rig moved off this location about a week ago, but the results have not been reported.

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