The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-12-12
No. 4so WALNUT STREET

The property Of this Company is all In veuaugo county,
Id is believed 70 be good oil territory as any in the
lunty;-
No l. One fourth royalty rtorest in three acres one
rndrtd and hve perches 'l land being the McClniock
cscrvu situated the uncton Of Oh Creek with Cherry
Tho leases t03 cars) are held by energetic ana 70
"'."e.-on. W." There is flowing wen strucE about the
puu'pie pp -. nd Ia yielding 40 barrels per day.
".u'' u 0oi"N,n'y' large increase. There Is also
we'll lhree other Wels so barrels increasing daily, !
u'ep' III tue tnfd sanu roch' become a large flowing !
feet deep, inst through the hrd saneted one % feet
the engine which is the ground and anoap ono 52l
neneed, m all Of which oil has already been fotiv 70,
Will be, II is supposed, in few weeks largely product,
making SIX wells completed and In active process Of com
pleon on this territory there twelve or six
teen wells and from the character Of the esseos win be
developed rapidly.
No One half Of ground IN the centre Of the above
tract reserved originally by the his residence,
and on which stands. This is simple subject
to fourth Of the oil produced from It, The best judges
pronounce this half TO be as good oil territory
any the creek and which the Company expect
Top rapidly possible for the benent Of the stockholders
No One-thrd working Interest In three and one-hal
OIL Creek, situated further up adjoining the
widow McClintocks farm, and as favoraby ocatcd as
Nos. and q on this property there Is well, pro-
ducng 80 barrels oil daily, and increasing, Another
wei in progress OF boring, and satisfactorily
This properly susceptible Of greater development, and
promises to be largely productive.
No. t. Two hundred and ten acres Of land in Zee simple
on Pthoe Creek three miles from the Ale yheny River
and surrounded with wels already developed and success
u large portion Of this farm believed to be good oil
territory.
No 8. valuable tract on stuart's Run, contaIning
about thirty This regarded the most
desirable regions outside OF oil Creek and Gerry Run
Several companies with highly
favorable prospects.
No 6. A valuable tract on and near Tubs Run, which
emptes into the Allegheny River tho east side shout
one mile above Tionesta Village Several ravnes pass
through this property and there considerable of good
timber on it. Noreason why 1t should prove good
oil territory.
No. T. valuable tract Tionesta creek, Just above
Laceys Mills, the ef hand side creek contain
ing about hny acres, with many rods on the creek
Indications for oil very favorable.
No. s. A valuable tract Tonesta crock, lust above
the last described containing about fifty acres and about
fifty rods front on the creek.
No o. tract Of territory and ad joining run which
empties into Hemock crotk about five miles from Presi-
dent and nearto the property Of the President Petroleum
Company. 1t contains about twohundred acres, part well
mbered, the balance believed to be good oil territory
No TO- valuable tract on and near PithOIe Rum about
one mile from the Allegheny river and nearly opposite
the celebrated Phoe Creek which is regarded with
much favor. This property contains about twenty-five
acres, part wen mbered, and there good reasons m
believing they viii prove good oil territory.
Immediately on going into operation this company wiY
be in the receipt Of say 60 barrels oil per day which
AT $40 dt is now selling at SID, win be daily income
sG00, or $4,000 per annum, enabling the company
make dividends OF not less than three per monI
on the Investment from the beginning, with good pros
pect Of a large increase.
1t is believed that oil company has been formed with
more certain prospects of Only limited por-
lion VI the stock is offered at So the corpoaors oonh
ienty believe that in very short time tho stock win DO
worth much more than par.
AS the company relies mainly on the 1rst described
property or their present income the following report
made by committee Of gentlemen appointed to the
DxRminA alton, is submttod:-
The undersigned committee, appointed to examine the
property the McCnock Reserve Oil Company rcspeos-
fully report
That they nave thoroughly examined the John MoCn-
tock Reserve, situated al the junction of OIL Creek and
Cherry Run. The property socated beautits biuG
admirably adapted boring. There six wells finished
and in progress One well which had been yielding about
forty barrels daily had suddenly increased to hundred
and forty barrels and flowing at about this rate
visit Another we, represented yielding seventy
FIVE barrels pumping S the rate OF eighty to ninety
barrels and the intelligent superintendent
sanPume the expectation that in short time 1t would
become a flowing WELL and give much larger yield.
These wells but few weeks old, aud have every
indication Of becoming very large wells.
Three other wells process OF boring, and win he
finished before the FIRST OF January; and from the
indications We believe they will all be largely productive.
One other wen just commenced and will be pushed
rapidly 10 completion.
The whse OF the property except the half wheh
stands has been leased and in tfo hands
OF experienced and energetic men, who wi spare no pains
expense to develop the property the best manner and
in the shortest possible time.
The derricks houses, engines, tools, etc all new,
the best of their kind and In excellent order giving
evidence of the supervision Of the OF the
leases.
We have doubt that the Company's nterest--one-
fourth royaty-now about nifty barrels per day, which
at $40 10 $3.50 win be greatly increased by the first OF
January next and the land will admit Of twenty wells
being bored upon it, good idea may be formed OF the
immense yield which will result whom all are finished.
The homestead occupies half acre-from which the
Company will receive three fourhs of the o hty work
IT, and which your committee strongly recommends; il
would be surprising his interest alone shand before
the expiration Of year. realize an income of several hun
dred barrels per cay.
The entire property consists Of little four acres,
with superior dwelling and good barn upon IL. Prom
s proximity TO Cherry Run, and It's peculiar location,
together with the fact property nad not been found
be affected by other wells in the immediate neghbor
hood are led the conviction that it one OF the most
desirable properties on oil Greek.
Yours respectfully,
J, d. RENBOTH. No. 49G wanut street.
JAMES MCMILLAN. No, COG SAMSON street
Y. 9-mwf2w W II RICHARDSON, No, 800 Market St.