The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-12-09
No. 43e WALNUT STREET

Tho property Of ls Company Is all IN vouSugo county
ard believed 70 be good oil territory AZ any In the
county
No J. one-fourh royalty interest In three acres ono
hundred and nye perchos Of land, being the McCinock
Reserve situated at the junction Of OH Creek with Cherry
Ran The leases (9g held by opergelc and re-
sponfblo men, There is flowing well shuck about the
2Cth Of October and yielding l40 barrels day.
with good prospect Of lage Increase There Is also
punpnR we'll yielding so barrels Increasing daily,
Rndt is confidently expected will become large flowing
we'll Three other wells nearly completed, % feet
deep, third sand rock 4J0 feet deep; one J2i
feet deep Just through the hrd sand rock and ready for
the gno which is the ground and another just
enced m all Of which oil has already been oun1 and
will he It is supposed, in few weeks largely productive,
making Elk wells completed and In active Of
pletion. on this territory for twelve or six
wells and, from tie character Of the essees viii be
developed rapidly.
Ro2 one half acre Of ground In the centre Of the above
tract reserved originally by the his residence,
and on which 1t stands. This fee simple but subject
10 fourth Of the oil produced from It, The best Judges
pronounce this half TO be as good oil territory As
any on creek and which the Company expect TO deve
Top rapidly possible the benefit Of the ders
No Oncthrd working interest in three and onehRlt
acres on OIL Greek, situated further up, adjoining the
widow McClntocks farm, and as fAyoraby located as
Nos and q on this property there Is new well, pro-
ducng 80 barrels oil daily and increasing Another
well progress Of boring, and progressing Enthusiastically
This property susceptible Of greater development, and
promises to be largely productive.
No T. Two hundrod and ten Of laud In fee simple
on Pthoe Creek three miles from the Allegheny River
and surrounded with wells already and success
full large portion OF this farm is believed to be good oil
territory.
No D. valuable tract stuart's Run, containing
about thirty acres This Is regarded OF the most
desirable regions outside Of OIL Greek and Cherry Run
| favorable prospects.
No 6. A valuable tract and near Tuba Run, which
empes irto the Allegheny River, the east side, about
one mic above Tionesta Village. Several ravines pass
through this property and there is considerable Of good
timber on it, Eoreason why II should not to be good
| oil territory.
No T. A valuable tract Tionesta creek just above
Laceys Mills on the hand side Of the creek, contain
| ing about fifty acres with many rods on the creek.
/ Indie stions for oil very favorable.
No s. valuable tract Tonesta crock, Just above
the last described containing about nifty acres, and about
! Any rods front on the creek.
No. o. trac! Of territory and ad ioni1g run which
enpteE Hemock creek about Ve mi es from Presl-
dent and noarto property OF the President Petroleum
Company II contains about two hundred acres, part well
tmbtred balance believed to be good oil territory
No TO- valuable tract and near Plthoe Run, about
one mile from the Allegheny river, and nearly opposite
the celebrated Ptnoe Creek, which is regarded with
much favor. This property contains about twenty-five
acres part wen hmbeed, and there good for
| believing they viii prove good oil territory.
Immediately going into operation this company wlH
be receipt Of say &C barrels oil per day, which
SO Qt is selling at SID, will be daily income
5000, or SlsO,COO pcr annum, enabling the company
make dy6tnds less than three per cent mont
the Investment from the beginning, with good pros
| pect Of a large Increase
beli1v that oil company has been formed with
certain prospects Of success. Only limited por-
ton the stock offered IS, TIE corporaors cona
doLtly believe that in a very short time the stock win be
| worth much more than par.
As the company relies mainly the hrst described
property their present income the following report,
made by committee of gentlemen appointed TO make toe
| examination, is submittod-
The undersgn committee, appointed TO examine the
property OF McCuntock Oil Company
fully report
That they nave thoroughly examined the John Moon-
took Reserve, situated the junction of oil Creek and
Cherry Run. The property slOcated beautiful bluff
admirably sdapted boring There six wells hnshed
aad progress. One we which had been yielding about
forty barrels oay had suddenly increased TO one hundred
and forty barrels and flowing at abon this rate on
visit Another wel represented as yield NJ seventy
fve barrels pumping at the rate OF eighty to ninety
barrels and the intelligent superintendent and lessee
sangune IN the eNpe tAton that in short time it would
become nowng well. aud giye a much larger yield
These wells but few weeks old And have every
Indication Of becoming very large wells.
Three other wells are In process OF boring Gnd VIII be
finished on or before the OF January and from h,
Indications believe they will all be largely productive
One other well just commenced, and will be pusheC
rapidly to completion.
The whole OF the property except the half whei
the homestead stands has been leased and Is in the hand
Inexperienced and energetic men, who wi spare pains
expense to develop the property the best manner
in the shortest possible time.
The dCrrlcks, houses, engines tools etc are all new
the best of their kind and in excellent order, gyn
evidence the careful supervision Of the OF TN
leases.
We have no doubt that the Compauys interest-one
fourth royaltynow about five barrels per day whic
at $40 is $780, VIII DO greatly increased BY the first o
January and as the land will admit OF twenty we'll
being bored upon IT, good idea may be formed Of TN
immense yield which viii result when all are huishcd
| The homestead occupies half an aere-rOm which th
Company will three ourths OF the OIL n they worl
It, and which your committee strongly recommends
would urprsng fths interest alone should befor
the expiration OF ear realize income of several han
dred barrels per Gay.
The entire property consists OF little four acres
with superior dwelling and good barn upon It, From
It's proximity to Cherry Run, and its peculiar location
together with the that tue property not been foun
to be al, cted by other wes in the immediate noshoor
hood we are to the 1t Is one Of the mos
desLRble properties on Oil Greek.
Yours respectfully,
I'D, REIEBoTH No. 4o6 Walnut street
JAMES MCMILLAN, No 6OG SAMSON street
lag.mwEw W. II. RICHARDSON No, 800 NaeHet b.