The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-12-19
No.- 4ae WALNUT STREET

Tho property Of this Company i, all ia youauao ,ouuy
and is believed 70 bs good oil territory Suy sue
county
No I. one fourth royalty interest in three
hundred and I'VE perches Of land, being M,AIllccK
Reserve situated al the junction Of OIL Creek th Cherry
Rnn The leases t99 held by cucrs elc
spcusbc men. There Is lowing weu struck about the
2th OF October and yielding ltO barrels per day,
with good prospect Of larsc nCrgR3e rnore Is also
pumpug we'll yielding 80 BARRELS !n reauus daily
andt is confidently expected IN become large flowing
well Thfoo other wells nearly complete t. one ls eot
deep third sand rock one $50 feet decp j2l
feet deep, through the bird sand rock ready
the engine which s on the ground, and another Just
menoeh all ofvnich oil has already been ioun and
viii be, It Is supposed, IN few largely pro iucc,
making wells completed and in active "
pction. on this territory Or twelve six
wells and, from uo OF the Iossecs viii be
developed rapidly.
No one half ground In the centre ofthc above
tract reserved originally by tho his residence
which It stands. rhls Is fee simple. but subject
fourth of the oil produced rom IT, The best Judges
pronounce this half to be good oil territory
any the cretE which tho Company expect dcvo-
lop rapidly possible for the benefit Of the socSho der
No S One third working In three and halt
acres on OIL Creek situated further up, ad dining the
widow McClntocks farm, and fAvorably y Iocatcd as
Nos aud ?. on this property there Is well, pro
duciug 30 barrels oil daily, and Increasing Another
well in progress Of boring, and sting sasmoory
THIS property susceptible Of greater Development eul
promises to be largely productive.
No (. Two hundred and ten Of land In 'eo simple
on Pithole Greek, three miles from tho Aregheny River
and with wells, already developed and success
MI large portion Of this farm believed to be good oil
territory
No. .. valuable tract on stuart's Run containing
thirty This Is regarded OF the most
desirable regions outside OF Oh Creek and Cherry Run.
GA
favorable prospects.
No. g. A valuable tract on and Tubs Run, which
empties Allegheny River, the east side about
mi above Tonesa Village, Several rayincs pass
through this property and there is considerable of good
timber It. why should not prove to be good
oil territory. &.
no. l. A valuable tract Tionosts creek, inst above
Laceys Mns the left hand side Of the creek eontiin
Ing abb nny acres, with many rods the crock.
Indications for oil very favorable.
No. A valuable tract Tionesta crock, just above
tho last described containing about nifty acres, and about
nfy rods front the creek.
No. o. tracS Of territory and adjoining run which
cDpes Hemlock creek, about i've miles FROM Prosi-
dent the property OF the President Petroleum
Company It contains about two hundred part well
tmbtr red the balance believed to be good oil terriorg.
No 10. A valuable tract and Pthole Rum about
one mile from the Allegheny river and nearly opposite
the celebrated Pitnole Creek which Is regarded with
much favor. This property contains about twenty-five
unbereu and nefe are gOJu reasons
believing they viii prove good oil territory.
Immediately going into operation this company wiE
bo in the receipt Of say 60 barrels oil per day which
At SO Ut is selling at sl2), win be daily income
1900, or $4,000 PER annum, enabling the company
make dividends eas than three per per m)nn
the Investment f.om the beginning, with good pros
! pect Of q large Increase
1t besv al that oil company has been formed with
more certain prospects Of success. Ony limited por
ton Of the stock offered 49, the corporators conf
dcrty believe that in very time the stock viii bo
| worth much more than par
As the company relies mainly on the drst described
property for their present income, the following report
made by committee Of gentlemen appointed TO make tno
examination, is submitted:-
The undersigned committee appointed TO examine the
property the McCuntock Reserve Oil Company respect
| fully report
That they thoroughly examined the John McC1n-
tock Reserve, situated the junction of Oh Creek and
Cherry Run The property socated beautiful blun,
admirably adapted to boring There six wes finished
and progress One well which had been yielding about
forty daily had suddenly increased to hundred
and forty barrels, and flowing at about this rate
vi Another well, represented as yielding seventy
i've barrels, pumping at the rate Of eighty TO ninety
barrels and the Intelligent superintendent and bsseo was
sAngune the expectation that in short time it would
become a moving we'll and gye much larger yield.
These two wells but few weeks old, aud have eyory
! indication OF becoming very large wells
Three other we are IN process OF borng, snd viii be
finished before the hrst Of January and from the
indications, believe they will all bo largely productive.
One other well lust commenced, and will be pushed
| rapidly to completion.
The Whsle OF the property except tho ha which
the homestead stands has been leased and in the hands
ofoxpeencod and energetic men, who wi spare pains
expense develop the properyn the best and
| in the shortest possible time
The deuicks houses, engines tools cue arc all new,
and the best of kind, and IN excellent order giving
evidence OF the careful supervision OF the Of the
| leases.
! We have doubt that the CompAny's intorest-one-
fourth royat-now about hfyhye barrels per day which
at $40 is $500 VIII DO greatly increased by the FIRST Of
January next and the land viii admit Of twanty wells
being bored upon it, good dSA may be formed or the
inmsase yIsld which win result when all finished.
| The homestead occupies half Aore-frum which the
Company will receive three fourhs OF the oil they work
IT, and which your committee strongly recommends II
would not be surprising fhis interest alone should before
The expiration OF scar, realize nooas Of several han
drsd barrels per Gay.
The entire property consists OF htte four
with superior dwelling and good barn upon It. Prom
Its proximity Cherry Run, and its peculiar location
together with she fact that the property naa not beon found
TO affected by other wells in the Immediate neighboT
hood we Nd to the eonvison that is one OF the mOs
deshEbis properties on oil CrSsh.
Yours respectfully,
J. D. REIEBor tn, No. 4s6 walnut street
JAMES MCMILLAN, No. eOG SAMSON stroO
lq.s-mwfgw W. H. RICHAEDsoE, No 600 NIan,et st.
vNpAEIcpSs ET TNJDNyESS AND CATARRH