A roller cone bit having a sealed lubricant reservoir between a roller cone and a head section. A journal sleeve is included on the head section that circumscribes the journal bearing surface of the head section. The sleeve can axially pivot on the head section, but does not rotate thereon. The reservoir is formed into a journal bearing surface of the head section body and may be sealed by placing a seal around its periphery that extends between the journal bearing surface and journal sleeve. Sealing the reservoir results in a hydrostatic condition therein and substantially equalized pressures.