The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-12-21
MOITNTOCK RESERVE OIL COMPANY.
CAPIFAL srOCK, sI,Ooo,ooo.
No. 4so WALNUT STREET

Tho property Of this Company AL n vcnanro county.
ard Is believed TO bo good oil territory any u mo
ryurty
No l. one. fourth royalty interest IN three scros ono
hundred and i've psrcbes OF land being the McOn,oc,
Reserve, duntcd at the junction Of on Creek with Chcrty
Run The leases (og yoorO held by energetic aud ro
sr'rahIc men. There Is flowing well struck about tho
Nih oi October, and Is nov yielding l40 barrels per day
with good prospect of laro Increase There is also
pumping well, Yielding over so barrels Increasing daily
audHi confidently expected " 900 become large aovrr
we'll Three other wells nearly completed, one 2s feet
deep. On uc third sand rock one $50 feet deep; ono So
Nd deco, ust thruuh ihc third .and rock and ready r
fhe rlgro which s uu Che ground and huothcr Just
Htuccd, IN all orvhch oil has already been foun g. and
viii ur,tb supposed IN tcw yeNs, largely productive
making SIX wells completed and IN active process Of com
poton. ON this territory there Tor twelve six
teen wells and, from TIC character OF the iossces, viii bo
developed rapidly.
NO one half OF ground On the centre " ho above
tract reserved originally by tho his rcs dsnco
and on which stands. This Zee simple but subject
TO ourth of the oil produced from &c. The best Judges
pronounce This half to be good on territory a,
any on The cre, and which the Company expect TO davo
Top rapidly possible for The stlcuod.rs
No uno-tbrl working In crest iu thrco and onc-lalt
aer,s on on Crock, situated further up ui dining the
widow McClntouks farm, and rs tayorab located as
Nos, and On this property there Is auuw wcu, pro.
N"NIh '' NNII'' 'l Oh NAAs Alu lNl'ANI0E AtolhNt
well IN progress Of boring, and proEresna satisfactorily
This properly susceptible Of greater development ana
promises Co be largely productive.
No. L. Two hundred and acres Of land n zee simp'c
Pithoc Creek three miles from the Ale yncny River
snd surrounded with wcs already developed and success
m large portion Of this farm believed to be good OIL
territory.
No. o. valuable tract on stuart'S Run. containing
about thirty This Is regarded OF the most
desirable regions outside Of on Creek aad Cherry Run
scy,rcowpancs have ed operations with hlssly
favorable prospects.
No G. A valuable tract ON and near Tubs Run, which
emptes ivt1 the Allegheny River the east side
mi above rioncsta Village. Several raync5 pass
through this property and there H considerable Of good
timber ON t. Eoroaon why 10 should prove to be good
olterrltory.
No. 7. valuahle tract on ronesta creek Just above
Lacoys Ms the lcCt hand side of the crock contain
ing abe Ut any acres with many rods the creek
Indications for OH very favorable.
No. 8. A valuable tract Tlonesta crock Just above
the last described containing about Gy acres aud
any rods front on the creek,
NO o. tract Of territory and a. Joining run which
enpes into HcmloCk creek, about i've miles om Pres-
dent the property OF the President Petroleum
Company It contains about vohundred acres part well
tmbered, the balance believed to be good oil errtory
No 10 valuable tract ON and near Pth0o Run, about
mile from the Allegheny river, and nearly opposite
the celebrated Ptnols Creek, which is regarded
much favor This property contains about twenty-five
acres part wen mbored and there good reasons for
believing they viii prove good oil territory.
Immediately on going into operation this company wiz
be in the receipt Of say 20 barrels OIL per day which
at $40 On is selling at Sl2), win bo daily Income
$500, or SlsO,tOO pcr annum, enabling the company
make dividends ofEot less than three per pcrm1uu
on the Investment from The beginning, with good proc
pCct Of large Increase.
It's believed that no OIL company has been formed with
moro certain prospects OF success Ohly limited por
ton Of the stock offered g., tie corporaors conf
der ty believe that in very short time the stock VIII bo
worth much more than par.
AS the company relies mainly on the arst described
property for their present income, the following report,
made by 4 committee of gentlemen appointed to make the
examination, is submlttod:-
The undersigned committee appointed to examine tho
property OF the McCntoos Reserve Oil Company peot-
fully report
That they nave horougLyIczamlnoi the John MoC1ln-
tosk Reserve, situated at the junction OF OH Greek and
Cherry Run The properly socatcd a beautiful bIud,
admirably adapted to bonng There six wells finished
and in progress one we which had been yielding about
forty barrels daily, had suddenly increased hundred
and forty barrels and flowing AZ about this rate on
our visit Another we'll represented yielding seventy
Ave bares, pumping at the rate Of eighty ninety
barrels, and the intelligent superintendent and lessee
ssngume the expectation that in short time 1t would
become flowing well, and eive much larger yield.
These two wells but few weeks Old, aud have every
indication Of becoming very large wells.
lhTSe other wells In process OF boring, snd wnl be
anisned before tho st OF January; and from the
believe they will all be largely productive.
One other well was Just commenced and will be pushed
rapidly to completion.
The whee Of tho property except the half which
the homestead stands has been leased the hands
ofeNperonced and energetic men, who wi spare pains
to develop the property the best manner and
In the shortest possible time.
The dercks, houses, engines, tools, arc all new,
and the best of their kind and IN excellent order giving
evidence OF tic careful supervision OF the owners OF the
leases.
We have no doubt that the Companys intorest-ono-
ourth royay-now about y-0ye barrels per day which
at $40 is $500 viii be greatly increased by the hrst Of
January next; and the land win admit Of twenty wells
being bored upon IL, good Idea may formed OF tho
Immense yield which will result when all are anlshed.
The homestead occupies half acro-from which the
Company will receive three iouTha Of the oil n they work
IT, and which your committee strongly reoo mmands; It
would not be surprising fhis interest alone should before
he expiration Of ear realize income Of several han
fred barrels per Gay.
The entire property consists Of little over iour acres
With superior dwelling and good barn upon IL. Fr0m
Is proximity to Cherry Run, and It's peculiar ioeaou
ogeiter with the fact that the property been found
be affected by other wells In the Immediate nolghbor
lood arc I'D to the conviction that one Of the most
desirable properties on OIL Greek
Yours respectfully,
j. d. REISBOrH. No. i5G Walnut street