The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-12-14
No.c4ae WALNUT sTREET

ENOsN 400 WAl4N ~
The property Of his Company s venango county,
and ls believed 70 be good oil territory A. any in the
county :-
No l. onef fourth royalty interest in three acres one
hundred and Ave perches OF land being the McOntoek
Reserve stused the junction Of Oil creek with Cherry
Run The bases 600 yoars held by energetic and
sponsibls There flowing well, struck about the
goth Of October and yielding l4o barrels per day,
with good prospect Of large increase There Is also
pumping we yielding over 80 barrels Increasing daily,
and dit Is confidently expected win become large flowing
well Three other wells nearly completed, - feet
deep In the third sand rock; one 40 feet deep; 6A
feet deep Just through the third sand rock ready
the engine, which is the ground and another Just
menced, all OF which oil has already been found, and
will be- II 10 supposed in few weeks largely productive,
making wells completed and in active process Of com
peton On his territory for twelve six
teen wells and from tie character Of the essees win be
developed rapidly.
No Ono half acre Of ground In the centre q the above
tract reserved originally by the his residence,
and on which stands. This fee simple. but subject
to of the oil produced from IT, The best Judges
pronounce this half to be good oil territory as
any the and which the Company expect to deve
op rapidly benen Of the stockholders
No g. One third working Interest In three and onehs
acres on OIL Creek situated further up, adjoining the
widow McClntock's farm, and as fayoraby located az
Nos and 2 On this property there Is anew well, pro-
ducng 80 barrels OF daily, and increasing Another
well in progress of boring and progressing satisfactorily
This properly susceptible Of greater development, and
promises TO be largely productive.
No L. Two hundred and ten Of land In fee simple
on Pithole Creek, three miles from the Allegheny River
with wells already developed and success
full large portion Of this farm is believed to be good oil
territory
No. 5. A valuable tract on stuarts Run. containing
about thirty This regarded as one Of the most
desirable regions outside Of Oil Creek and Cherry Rum
have commenced operations with highly
favorable prospects.
No 6. valuable tract on and near Tubs Run, which
empes into the Allegheny River the east side about
mile Tionesta Village. Several rAvlnes pass
through this property and there is considerable Of good
timber it, why should not prove to be good
oil territory.
No. I. A valuable tract Tonesta creek, inst above
Laceys Mills on the len hand side Of the creek contain
ing about nifty acres, with many rods tho creek
Indications for oil very favorable.
No s. A valuable tract Tonesta crock, Just above
the last described containing about fifty Acres and about
hfty rods front on the creek
No A tract Of territory and adjoining which
empes into Hemlock creek about Ave miles from Presi
dent the property of the President Petroleum
Company contains about two hundred acres part well
tbered the balance believed to be good oil territory.
No TO- A valuable tract and Pthoe Run, about
one mile from the Allegheny river, and nearly opposite
the celebrated Creek winch 10
much favor. This property contains about twenty-five
acres part mbered and there good reasons for
believing they viii prove good oil territory.
Immediately going into operation this company viii
be In the receipt OF say 60 barrels oil per day. which
at $40 Ct selling at sl2), will be daily income
$500, or $50, 600 per annum, enabling the company
make dividends ofnot less than three cent per monh
on the nves from the beginning with good pres
poet Of large increase,
is believed that no company has been formed with
more certain prospects Of Only limited por
ton Of the stock So the corporators conh
denty believe that In very short time the stock wiz be
worth much more thanpar.
As the company relies mainly on the hrst described
property their present income the following report,
by committee Of gentlemen appointed to make the
| examination is submitted:-
The undersigned committee, appointed to examine the
property Of the McClntock Reserve Oil Company respect
| fully report -
That they nave thoroughly examined the John McClin-
took Reserve situated at the junction Of OIL Creek and
Cherry Run. The property slocated beautiful bluff,
admirably adapted boring. There six wells flushed
and in progress One wen which had been yielding about
forty daily had suddenly increased to hundred
and forty barrels and flowing at about this rate on
our visit Another WE'LL represented yielding seventy
Eve barrels was pumping at the rate OF eighty to ninety
barrels and the intelligent superintendent and lessee was
sangune the expectation that in short time 1t would
| become a flowing well and give much larger yield
These two wells but few weeks old, and have every
| indication of becoming very large wells.
Three other wells In process OF boring, and viii be
finished before the first of January and rom the
Indications we believe they will all be largely productive
One other well Just commenced and will be pushed
| rapidly to completion.
The whele OF the property except the half acre on which
the homestead stands has been leased and is in the hand
Inexperienced and energetic men who wi spare no pain'
expense develop property the best manner ans
| in the shortest possible time.