The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-12-05
No. 43o WALNUT STREET.

No. 436 WALNUT STREET
The property Of ts Company all in yenEnfc county,
and is believed to be as good oil territory a. 10 DO
county
No l. one-fouth royalty interest in three seres one
hundred and eve perches OF land being the koCntock
Reserve, situated the junction Of OH Creek with Cherry
Run. The leases 99 years) held by energetic r0-
sponsible men. There flowing well struck about The
goth Of October and yielding l4O barrels per day
with good prospect OF large increase Thsro is also
pumping well, yielding 80 barrels increasing daily,
andit Is confidently expected viii become large flowing
ell Three other wells nearly completed, - feet
deep In the third sand rock $50 deep; Oae b9l
feet deep, Just through the third sand rock ready M
the engine. which the ground and another just eon-
menced in all ofwhch oil has already foun1 and
viii be- is supposed In few weeks largely productive
making wells completed and in active procosS OF COM
ploton On this territory there for twelve hI-
teen wells, and from tie character Of the essees viii es
developed rapidly.
No2 one half Of ground in the centre o. the Gboyu
tract reserved originally by the hs residence,
and which 1t stands. This ls fee simple. but subOel
to oneourh Of the oil produced from It. The best ndgef
pronounce this half to be good oil territory "
the creek and which the Company 10 devo-
Iop rapidly as possible
No g. One third working interest In three and half
OIL Creek, situated further up, adjoining the
widow McClntOcks farm, and as favorAbly located ka
Nos, and ?. on this property there Is wel pro-
ducng 30 barrels oil daily, and increasing. Another
well in progress Of boring, and progres sing enthusiastically.
This properly susceptible Of greater development and
promises 70 be largely productive.
No T. Two hundred and Of land In feO simple
Plthole Creek three miles from the ArSsheny River
and surrounded with wells already developed and
full large portion OF this farm believed to be good Oh
territory.
No o. A valuable tract on stuArt's Run, containing
abn tlg Ia ~.
desirable regions outside OF oil Creek and Cherry Ran.
Several companies have operations with highly
favorable prospects.
No. 6. A valuable tract on and Tubs Run, whioh
empties into the Allegheny River the east side about
mle above Tlonesta Village Several rAvines pass
through this property and there Is considerable OF good
timber It, NoreAson why IL should not prove be good
oil territory.
No I. valuable tract TioneSta creek jus. abovS
LAceyE Mills, the efhAnd side of the creek, contan
ing abb ny acres, with many rods on the crock.
Indications for oil very favorable.
No valuable tract Tionesta creek, Just above
the last described containing about y acres and Rbtnk
fifty rods front on the creek.
No. Q. tract Of territory and adjoining whlth
onptos Hemock cresk about ave miles from PresiS
dent and the property OF the President Peroeuna
Company II contains about hundred acres part wen
tmbered, the balance believed to be good oil territory.
No 10. valuable tract and Pithole Rum about
mile from the Allegheny river and nearly opposite
much favor. This property contains about twenty-five
part well hmbered and there good fog
believing they win prove good oil territory.
Immediately going into operation this company wiz
be in the receipt Of say GO barrels oil per day, which
at$O (it is selling at Sl2) win be daily RcomeoI
5000, or tS0,0O0 per annum, enabling the Compsnyta
make dv dends ofDot less than three per mona
the Investment from the beginning with good pf00
pect Of large increase,
believed that oil company been formed vtA
certain prospects of Only limited pOr-
on sf tho stock offered s5 the corporAor CONT
IDENTITY believe that In very short time the stock viii 10
worth much more than par.
As the company relies mainly the 1rst described
property for their present income the following report,
made by committee Of gentlemen appointed make the
examination is submitted
The undersgn ed committee appointed to the
property OF the NicCntoek Reserve Oh Company Tespeet
fully report
That they thoroughly examined the John MogliE-
ock Reserve, situated the junction Of on Greek and
Cherry Run. The property slOcated beautiful bluff
admirably adapted to boring, There SIX wells finished
and In progress one WELL which had been yielding about
forty daily had suddenly to one hundred
and forty barrels and flowing at about this rate on
visit Another well, represented yielding seventy
five barrels pumping the rate Of eighty ninety
barrels and the Intelligent superintendent and lessee
sAngune IN the expectation that in short time Il would
become flowing well. and give much larger Yield.
Those two wells but few weeks old and every
indication Of becoming very large wells.
Three other wells in process OF boring and viii 10
finished before the frs Of January and from ths
Indications believe they will all be largely productive.
One other Wen Just commenced, and viii he pushed
rapidly to completion.
The whele OF tho property except the half acre on when
tho homestead stands has been leased and Is in the hands
OF experienced and energetic men, who wi spare no paHB
expense develop the properyn the best manner and
in the shortest possible lime.
The dericks houses, engines TOOLS etc are all new
and the best Of their kind and In excellent order giving
evidence OF the careful supervision OF the Of hg
leases.
We have no doubt that the Companys intsrest-one-
fourth royay-now about fy-ve barrels per day which
At SO Is $50 will be greatly increased by the Of
January next and the land will admit OF twenty Weg
being bored upon IT, good Idea may be formed Of tho
immense yield which win resalt when an fHishod.
The homestead occupies half Acre-trom which no
Company viii receive three ourths Of the oil they work
H. and which your committee strongly recommends b
would be surprising fihs interest alone should before
he expiration Of ear realize income Of fbeyera han-
ired barrels per cay.
The entire property consists Of little four scres
with e superior dwelling and good barn upon It.. Prom
ts proximity to Cherry Run and its peculiar loca.on,
together with the fact that the property nad not been fgand
% be affected by other wells in the immediate neghbor-
hood we are led to the conviction that s one O The ms
desirable properties on oil Greek.
Yours respectfully,
d. REIKBOTn. No. 4os WAlIst su',i.
JAMES MCMILLAN. No coz sALsonsles,