The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-12-16
No.r4ao WALNUT STREET

The properly ~ this Company O, ,l In ycnAuro souutv
ard believed TO be sood oil territory ,ny n tne
courty
No l. one. Ourth royalty interest Ia three aero, one
hundred and Owe p1rchcs OF land being the NJ. 'lntoc
Ecscryc, situated At the junction OF Oh crock wit, Cherry
Run The leases t)0 years) held by onCrgcc and 10
spou'ibs men. Thoo "a flowing wen struck about the
2'th of october, and yielding lio barrels per Jay
with scod prospect of large Increase There Be-
pumping well, yielding 80 barrels. increasing daily
andit confidently expected Vul become large nowiug
well Three other wells As nearly completed ons q foot
deep IN tho third sand rock $50 feet deep; j1t
feet deep ust through the third sAud rock and ready
the engine, which on the ground and another Just
iuenccd, all OF which oil has already been founi
will be- Is supposed IN few weeks, largely productive
making SIX wells completed and 10 acvo process "
ploon on this territory Tor twelve or six
teen wells and from tue OF the lessoos will be
developed rapidly.
MOI hall OF ground ia the centre of the above
tract reserved orlg nay by tho his residence,
and which stands, This Zee simple subject
to oucfourth OF the OIL produced from It, The best judges
pronounce this half to be good oil territory
any the creek and which the Company expect 10 devs
rapidly possible for the benen Of the stocNhsdsrs
No One-thrd working Interest In three and one-hAt
Oh Crock, situated further up, adjoining the
widow AeClintocks farm, and as fsvorably located
Nos and 2. On this property there Is new well pro
duelng 30 barrels OF oil daily and Increasing. Another
well progress OF boring, and progressing satisfactorily.
This properly susceptible or greater development, and
promises to be largely productive.
No. l. Two hundred and OF land In ,co simple
on Pthos Greek, three miles flon the Aneyheny River
and surrounded with wells already aud
full large portion OF this farm believed he good oil
territory
No. S. A valuable tract on stuGrts Run, coutanIuy
about thirty This Is regarded OF the most
desirable regions outside Of oil Greek and Cherry Ran.
eFf,,ar avath
favorable prospects.
No. g. A valuable tract on and near Tubs Run, which
smptles the Allegheny River the east side, about
mile above Tonosta village. Several rsyines pass
through this property and there Is considerable Of good
timber t. why shoud not prove to be good
oil territory.
No. l. A valuable tract TionestA creek, lust above
Laeeys Mills, the len hand side of the creek contain
ing abcut hny acres, with many rods the creek.
Indications for oil very favorable.
No. s. A valuable tract Tionssta crock Just above
the last described containing about my acres and about
| nny rods front the creek.
No. Q. tract Of territory and ad Joining which
en- ptes into Hemlock creek, ave miles from PrOs
dent the property OF the President Petroleum
Company. It contains about two hundred part wen
timbered the balance believed to be good oil territory.
No TO- valuable tract on near Pithole Run about
one mile from the Allegheny river and nearly opposite
the celebrated Ptnole Creek which Is regarded with
much favor. This property contains about twenty-five
acres part well tnbered, and there good S
believing they will prove good oil territory.
Immediately going into operation this company WY
be In receipt OF say 60 barrels oil per day which
at SO Ot is selling at $l2), viii he daily income
! 5000, or $780, per Annum, enabling the company
make dividends OF not less than three cent mnna
the fIom the beginning, with good pros
| peet OF large increase,
II u believed that oil company has been formed with
more certain prospects OF only limited por.
ton VI the stock offered 81, tie corporsors conn
deIuy believe that in very short time the stoeh viii be
| worth much more thanpS.
As the company relies mainly on the hrst described
property for their present income the following report,
made by committee q gentlemen appointed 10 maze
| examination, Is submitted
The undersigned ed committee appointed to the
property OF The MeClntoek Reserve OH Company, respect
| fully report
That they nave thoroughly examined the John hogtn
toek Reserve, usted the junction Of OIL Cgeek aud
Cherry Run The properly IlOcated beautiful bluff
admirably adapted to bonng There Elk web finished
sAna progress One well, which had been yielding about
forty barrels daily had suddenly increased to hundred
and forty barrels and flowing at aboa this
visit Another wcll represented As yiedn seventy
ave bSreI, pumping at the rate OF eighty to ninety
barrels and the Intelligent superintendent and lessee
sAngume in the expectation that In short time 1t Wouid
become a towing well. and Eiye much larger yield.
These wells but few weeks old aud nave every
indication Of becoming very large wells.
Three other vens In process OF boring, snd wiz be
finished before the nrs Of January; and from tue
Indications believe they will all bo largely productive.
one othcr well Just commenced, and viii b. pushed
! rapidly to completion.
Tho whsle Of the property except the hsf Uhsh
the homestead stands has been leased and is N TOE hSnd
ofsIptreneed and energetic men, who wi spare
to develop the property the best manner aud
| In tho shortest possible time,
The dsTiokI houses, engines, tools, ste are all new,
the best cf their kind and IN excellent order giving
sv3Snes OF the careful supervision q the Of the
| leases.
| We have doubt that the Compsny'E ntsrett-ons-
fourth rOyaty-now about nyhVe barrels per day, Whieh
At $40 $3.50, will be greatly increased by the hrSt Il
January zsKt; and The lad will admit Of twenty wells
besg bored Spon It, Eosd idaA nay be formed ofuhs
i1moass yield which viii rssNH Uhsa all finished.
TAs homestead oseuplsI half an Aors-from whssh The
Company will receive SSrthI OF the oil hsy WOrk
H. and which your ssumittss strongly TesOmmeHdi; \
would be surprising ifth Interest alone shOa before
the expiration Of year realise nsS~s Of several hun
drOd barrels Per day.
The eaths property consists of lo four AcrSS
with superior dwelling and COED barn upsn It. PROM
Its proximity 70 Cherry run and Ia peculiar losahOn,
together with the fact that the property hHd not been fOund
10 BE- affected by other wells in immediate hsSbboF-
hood lad 70 tbs soAvisou that "a s v tue most
desirable properties on OIL Greek
Isurs rsEpSstfaliy,
j. d. REHBOrn- No. 40 WAlAut street.
JAMua u.AuTJ AZ 70 ane asnsnr, ,tr..i