The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-12-07
No.-43o WALNUT STREET,

No.. 4bO WAlIN u i . NELL
The property Of thIs Company all In yonango county,
and 10 believed 70 be good Oh territory as any IN inc
county
mol one.rourth royalty interest in three acres ono
hundred and nyo perches Of land, being the Mcclnock
Reserve situated AZ the junction of OIL Creek with Cherry
Kun. The (g9 yeerl held by energetic ana 70
sponsibo men. There flowing well struck about tho
2Cth Of October and s yielding HO barrels per aAyi
with good prospect Of large increase There Is also
pumping we'll yielding so barrels Increasing uay
apdit Is confidently expected viii become large flowing
we'll Three other wells nearly completed, one ~ feet
deep IN the third sand rock 40 toe doep one b2A
feet deep Just through the third sand rock and ready or
the gne which the ground and another Just com
menced IN all ofwnch oil has already been found and
will be is supposed In few weeks largely productive
making sIx wells completed and in active process Of com
peton on this territory there room for twelve or Six
teen wells and from tie character Of the essees VIII 10
| developed rapidly.
No onehaf acre Of ground in the centre Of tho above
tract reserved originally by the owner as his residence
and on which II stands. This fee simple, but subject
TO one fourth Of the produced from It, The best udges
pronounce this half to be as good oil territory as
any on the creek and which the Company eEpect 10 deNe
Top as rapidly possible for the benohto the stoek'ue
No g. one third working Interest In three and one-hAt
acres on OIL Creek situated further up, adjoining the
widow MeClnocks farm, and favorably located as
RosI and q on this property there Is new wei, pro-
ducng 30 barrels OF oil daily, aud increasing Another
well in progress Of boring and progressing sasaetorly
This properly susceptible Of greater deYeloPmeh anu
| promises to bo largely productive
No L. Two hundred and ten Of land In foe simple
ON Pthoe Crock three miles from the Allegheny River
and surrounded with wells already developed and success
full large portion Of this farm is believed to be good oil
territory
No. 8. valuable tract suart's Run, containing
about thirty acres This is regarded OF the most
desirable regions outside OF Oh Greek and Cherry Run
Several have commenced operations with highly
| favorable prospects.
| No, G. A valuable tract on and Tubs Run, which
empties into tine Allegheny River, the east side about
one mile above Tonesta village. Several ravines pass
through this property there considerable of good
timber on it, Noresson why should not to be good
| oil territory.
No T. valuable tract on Tionesta creek, inst above
Laceys Mills on the hand side Of the creek, contain
ing fifty with As many rods on the creek
Indications for oil very favorable.
No g. valuable tract on Tionesta crock, just above
the last described containing about ty acres, and about
ffty rods front the creek.
No. O. tract Of territory on and adjoining run Whleh
epes into Hemlock creek, about hve miles from Pres-
dent and near to property Of the President Petroleum
Company II contains about two hundred acres part wei
tinbered the balance believed to be good oilerrtory
No TO- A valuable tract and near Pthoe Run, about
one mile from tho Allegheny river, and nearly opposite
the celebrated Phole Creek which is now regarded with
acres part ws tmbeed and there are good reasons or
believing they will prove good oil territory
Immediately on going into operation this company wiz
be in the receipt Of say 60 barrels oil per day. which
al $40 Qt is now selling at sl2), viii be daily income
5000 or S1sO, 900 per annum enabling the company
make less than three per cent per mont
on the Investment fEom the beginning with good pros
! pect OF large increase.
It's believed that oil company has been formed with
more certain prospects OF success. Only limited por
.EaVa flnp
denuy believe that a very short time the stock VIII be
worth much more than par.
AS the company relies mainly on tho hrst described
property for their present income, the following report
made by committee Of gentlemen appointed to make the
examination, is submitted
The undersign committee, appointed TO examine h'
property OF the AcClntock Reserve Oil Company, respect
fully report
That they nave thoroughly examined the John McCun
Reserve situated the junction Of OIL Creek an'
Cherry Run. The property slocated on beautiful blum
admirably adapted to bonng There six wells finished
and in progress One we'll which had been yielding Abou
forty daily had suddenly increased to huRdrC
and forty barrels and flowing at about this rate o
visit. Another well, represented as yielding seventy
Eve barrels pumping at the rate OF eighty to nnet
barrels and the intelligent superintendent and lessee va
o sRngune the expectation that in short time It "oul
:. become a flowing well, and give much larger yelt
i These wells but few weeks old, and have eyer
7, indication ofbecoming very large wells
Three other wells In process OF boring, and will b
10 finished on before the first Of January and from II
Indications we believe they will all be largely produchv
" One other well was lust commenced and viii be pushe
ID rapidly TO completion.
The wnslo Of the property except the half on while
the homestead stands has been leased and is in the han
ofexpeenced and energetic men, who viii spare no Pais
expense develop the property In the best manner al
no In the shortest possible time.
The derricks, houses, engines tools all ne'
and the best Of their kind and In excellent order, giy
evidence Of the careful supervision OF the OF
20 leases.
q We have no doubt that the Company lnterest-on
fourth royalty-now about nifty five barrels porday whi
At so s $3.50, VIII be greatly increased by the first
January next and the land will admit Of twenty we
being bored upon 1t, good idea may be formed OF {
immense yield which will result when all are hnith'
The homestead occupies half an acre-from which
Company will receive ourths Of the oil they wo
It, and which your committee strongly recommends (,
would not bo surprising fths interest alone should, bc
the expiration Of year realize income Of several hs
dred barrels per day.
The entire property consists Of little over four acr
- with superior dwelling and good barn upon II. Fr
lie proximity TO Cherry Run, and It's peculiar locau
together with the fact that the property mad not been fou
to be affected by other wells in the immediate neighb
hood We are led to the conviction that Of the M
desirable properties Oil Crock.
ke Yours respectfully
ok. J. d. REIEBoTH No. 486 Walnut street.
JAMES MCMILLAN. No. COG SAMSON sire
J. l2.s.mwf2w ". H. RICHARD SON, No. 800 Market st.