Patrick M. Montalban, Chairman of the Board
President & Chief Executive Officer
Majestic CEO President & CEO – Majestic Oil & Gas, Inc
President & CEO – Altamont Oil & Gas, Inc
President & CEO – Genesis Energy, Inc
Petroleum Geologist
B.A. Geology, 1981, University of Montana, Missoula, MT
President & CEO – Majestic Oil & Gas, Inc · Cut Bank, Montana…………………………..2002 - Current
· Formed Majestic Oil & Gas, Inc, a public oil and gas company listed for trading on the NASD. The Company currently has audited financial statements for the Year Ending December 31, 2005 and Quarters Ending March 31, 2006 and June 30, 2006.
President & CEO – Genesis Energy, Inc · Cut Bank, Montana………………………………2003 – Present
· Purchase Williams Gas Gathering System consisting of 17 miles of 4” gathering line and 17 gas shacks.
· Expanded Williams Gas Gathering System to gather Lake Frances production for a total of 35 miles of gathering line.
· Designed and constructed new gas plant for the Williams Gas Field.
President & CEO – Altamont Oil & Gas, Inc · Cut Bank, Montana……………………….…1999 – Present
· Currently own and operate 100% in 35 gas wells in the Williams and Lake Frances Gas Fields located in Pondera County, Montana.
· Negotiated and purchased the Williams Gas Plant located in Pondera County, MT from Montana Power Company
· Negotiated and purchased well bores and working interests for wells in the Williams Gas Field, Pondera County, MT
· Negotiated new mineral leases for the Williams Field
· Supervise the repair of a 400 HP Superior 2-Stage White Compressor in the Williams Gas Field
· Supervise startup operations of the Williams Gas Plant and the production of 15 gas wells in the Williams Gas Field
· Evaluate gas reserves for the Williams Gas Field
· Negotiate right-of-ways and establish relationships with landowners in the Williams Gas Field
· Drilled and completed the Lake Frances Field discovery well, Boucher 27-1.
· Applied and received approval from the Montana Board of Oil & Gas Conservation on the Lake Frances Field delineation.
· Drilled and successfully completed 13 of 14 exploratory Bow Island gas wells in the discovery field.
· Acquired 40,000 acres of oil and gas leases in Pondera County, Montana.
· Petroleum Geologist Consulting for Mountainview Energy Ltd
~Increased production in Red Creek Field from 70 barrels of oil per day to 150 barrels per day
~Drilled and completed 5 new successful oil wells.
~Discovered new pay zone in Lower Cut Bank Sand in the Red Creek Field
~Discovered a new gas pay zone in the Bow Island in the Red Creek Field
Chairman, President & CEO – Mountainview Energy Ltd ·Cut Bank, Montana……………2000 – 2001
· Initiate and build a new Public Venture Capital Pool Company on the Canadian Venture Exchange (CDNX)
· Raised $600,000 initial pool capital
· Company began trading March of 2001 under the symbol “MVW”
· Negotiated financing and lending agreements to purchase property
· Negotiated and closed on the purchase of the Red Creek Oil Field from Summit Resources Ltd of Calgary, Alberta, as the Qualifying Transaction to become a Tier II publicly traded Oil and Gas Company on the Canadian Venture Exchange.
Executive Vice President of Exploration, Acquisitions, Production & Chief Operating Officer/Director
~ MSR EXPLORATION LTD……………………………………………………………………….1996 – 1998
President and Chief Executive Officer of:
~Mountain States Resources, Inc
~Monte Grande Exploration, Inc
~Gypsy Highview Gathering System, Inc
~MSR Exploration, Inc, Cut Bank, Montana
· Evaluated and negotiated merger talks between MSR Exploration LTD and Quicksilver Resources. Merger was completed in March 1999. The combined companies totaled $190 million in assets with $40 million in oil and gas revenues.
· Evaluated and completed a successful merger with Mercury Montana doubling the daily production from 400 BOEP to 825 BOEPD
· Assisted in the organization of the two companies; downsizing personnel and structuring operations, in the field and in three offices
· Evaluated 22 oil and gas producing properties in the Rocky Mountain Area for acquisition purposes
· Conducted a regional map study encompassing the “Wells Agreement” in Glacier and Toole County, consisting of 300,000 cares including 400 gas wells, 200 oil wells and 100 dry holes
· Evaluated the central Montana, Tyler Lodgepole Prospect and acreage plays
Executive Vice President of Exploration and Production & Chief Operating Officer/Director
MSR EXPLORATION LTD………………………………………………………………………….1991 - 1996
President & Chief Executive Officer of:
~Mountain States Resources, Inc
~Monte Grande Exploration, Inc
~Gypsy Highview Gathering System, Inc
~MSR Exploration, Inc, Cut Bank, Montana
· Operate and supervise 421 oil and gas wells
· Manage 15 field and office employees daily
· Generate and assess oil and gas prospects
· Worked with Engineering group to conduct a Phase I Environmental study for Banque Paribas in order to receive $15 million line of credit
· Evaluate and assist in closing the purchase of 45 wells in the
· Supervise drilling and completion operations in Montana, North Dakota, Wyoming, Texas and Canada
· Supervise the construction of production and disposal facilities
· Evaluated and assist in closing the purchase of 45 wells in the Winters Capps Field, Runnels County, Texas for $7.2 million
· Drill and complete 11 development wells in the Winters Capps Field, Runnels County, Texas
· Researched and mapped 45 sections to formulate the Red River Gas Prospect, Glacier County, Montana
· Negotiated and acquired 3,500 acres for the Red River Gas Prospect
· Negotiated and secured a right-of-way for 10 miles of pipeline and long-term lease for 5 acre plant site
· Supervised and managed construction of an 8 MMCF capacity, 600 HP Superior 4-Stage Compressor Gas Plant (Red River), located in Glacier County, Montana
· Negotiated and acquired properties from Montana Power Company, Unocal and KCS Mountain Resources in order to commence gas production
· Supervised and managed construction and startup of 600 HP Superior 4-Stage Compressor Gas Plant in Gypsy Basin, located in Teton County, Montana
· Reworked 8 wells for start-up of Sweet Gas Prospect; including Bow Island and Sunburst Gas Wells in Gypsy Basin and Highview Field, located in Teton and Pondera County, Montana
· Prepared and implemented a successful 1995 Development Drilling Program, in Glacier County, MT, consisting of 3 Lower Cut Bank Sand Wells, 2 Moulton wells, 2 Bow Island wells and 3 Sunburst wells, all of which are producing.
Vice President of Exploration and Production and Director MSR Exploration LTD
Cut Bank, Montana………………………………………………………………………………….1986 – 1991
· Operate and Supervise 300 oil and gas wells
· Manage 15 field employees daily
· Generate and assess oil and gas prospects
· Supervise drilling and completion operations in Montana, North Dakota, Wyoming and Texas
· Supervise the construction of production and disposal facilities
Field Superintendent & Petroleum Geologist ·MSR Exploration LTD, Cut Bank, MT…….....1984 – 1986
· Handled well-site geology and completion operations
· Supervised four field employees
· Attended Halliburton Drilling and Completion Course, Dunkan, Oklahoma, 1985
· Participated in Schlumberger Open-Hole and Case Logging course, Billings, Montana 1984, 1985 and 1986
· Researched and mapped the North Central Cut Bank Sand Unit in Glacier County, Montana
Petroleum Geologist · MSR Exploration LTD · Cut Bank, Montana…………………………...1983 – 1984
· Consulting well-site geologist for 102 wells including the following companies:
~Union Oil Company of California
~Montana Power Company
~True Oil Company
~Fulton Producing
~Natural Gas Processing
MSR Exploration LTD – Cut Bank, Montana ·Roustabout Experience…...1979 – 1981
Summer Employment
General Well Service – Cut Bank, Montana ·Roughneck Experience
(Chain & Derrick Hand)……………………………………………………………………………...1977 – 1979
Summer Employment
Froman Drilling – Cut Bank, Montana · Rig Hand…...1975 – 1976
Summer Employment
Glacier County Campaign Chairman for:...……………………………………………………….1992 – 2003
~Governor Marc Racicot
~Lt. Governor Judy Martz
~U.S. Congressman Rick Hill
~Senator Conrad Burns
~Governor Judy Martz
~U.S. Congressman Dennis Rehberg
Tournament Chairman for the Cut Bank Can-Am Oilfield Scramble…..……………...August 1999 – 2006
Parade Chairman for the Lewis & Clark Days….…………………………………………...July 1995 – 2006
~Includes Sister Cities: Turner Valley, Nanton & Black Diamond, Alberta
Lobbyist, Montana Oil & Gas Association:
~1995 Montana Legislative Session………..………..…………………………..Jan 1995 – Apr 1995
~1997 Montana Legislative Session………..………..…………………………..Jan 1997 – Apr 1997
~1999 Montana Legislative Session………..………..…………………………..Jan 1999 – Apr 1999
~2001 Montana Legislative Session………………..……………………………Jan 2001 – Apr 2001
~2003 Montana Legislative Session……………………………………………..Jan 2003 – Apr 2003
~2005 Montana Legislative Session………..………..…………………………..Jan 2005 – Apr 2005
· Authored and passed the Stripper Tax Bill reducing stripper taxes from 5.8% to .8% commencing 3rd Quarter 1999.
· Authored and passed a bill reducing the property tax on all oilfield equipment from 8% to 2%, dropping to 0% in the next two years.
· Assisted in writing and passing a Major Tax Simplification Bill for the oil industry reducing some 42 tax categories to 9 and reducing taxes across the board for oil and gas companies in Montana competing with other Rocky Mountain States.
· Assisted in writing and passing a major tax stripper bill dropping taxes from 10.0% to 5.8% on wells producing from 4 to 10 bbls/day and from 12.8% to 10.8% on wells producing 10-15 bbls/day.
· Authored and passed a Stripper Tax Bill reducing stripper taxes from 12.8% to 5.8% on wells producing less than 3 barrels per day, when the price of crude oil was over $50.00 per barrel
Lobbyist, Liquor Store Owners Association of Montana
· Carried and passed Legislation to increase commissions for 99 liquor stores for the State of Montana
Board of Directors, Northern Rockies Medical Center…………………………………..June 2006 - Present
Board of Directors, Great Northern Drilling...............................................................................2003 - Present
Board of Directors, Cut Bank Education Foundation and Alumni Association………….…..1997 – Present
Organized MSR JR Invitational Golf Tournament for the youth of surrounding communities-(1990 – Present)
President-Cut Bank Men’s Golf Association
President-Sunburst Cable TV (Sold in 2001)
President-Northern Montana Oil & Gas Association……………………………………………..1994 – 1997
Board of Directors-Northern Montana Oil & Gas Association…………………………Jan 1995 – Dec 1997
Board of Directors-GeoResources, Inc……………………………………………………………..1994 – 1997
Vice President and Chairman, Taxation Simplification Committee……………………………………..1994
~Committee consisted of representatives from the industry groups: Majors, Independents, Royalty Owners, Country Commissioners and the Department of Revenue, meeting to simplify taxes in the State of Montana. Goals included the reduction of the number of taxes, payment of taxes and tax rates.
~Lobbied and negotiated with the 1995 Legislature to reduce the stripper well taxes from 12.8% to 5.8%.
