Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-02-17
DESCRIPTIVE CIRCULAR
0FTHE
HOPEWELL OIL COMPANY.


| Hon. JOHN ROWE, President.
| J. SIMPSON AFRICA Secretary and Treasurer.
DIRECTORS:
W. s. FLETCHER McConnellsburg Pa.
john Rowe. Greeneastle, Pa.
Z. BENEDICT Bedford, Pa.
J. H. SEYMOUR, HagerstoWn, Nd
J. c. EyERHART, Martinsburg, Pa.
JoHS J. ScHELL, Somerset, Pa.
C. P. RAMsDELL, Oil City, Pa
The property of this Company consists Of 200 acres Of
land in fee simple, situated the side of the Ale
gheny river short distance above The mouth of Scrub
Grass Creek in Scrub Grass Township Venango county
Pa. 1t has frontage along the river of mile with
good boring surface for the whole distance Two good
oil wells in operation the east side of the river
| Immediately opposite the property of the Co.
The following in regard adjoining tract is taken
from editorial in the Philadelphia Price Current OF
! December II:
he geological relation of this property to Oil Creek
such that the oil bearing strata which supply the wells
the Middle Section Of Oil Creek (rom the Washington
McClintock Farm the north to the Buchanan on the
South pass under this propety the range of the
certainly bringing the two localities into this mutu-
al relation. Other data obtained from investigation
of the conformation Of the ground and the underlying
rocks lead to the conclusion viz that the main
belt Of OIL which extends down from the north northeast
| and supplies the wells the Washington, McCfntock
Egber, Stone, Tar and Buchanan Farms sweeps down
still farther the south southwest direction cor
responding with and controlled by the inclination of the
strata and underes this property II well ascertain
ed by the testimony of aged and respectable residents that
the Indians ago, gathered oil from the surface of
the ravnes this property and used it for rheumatic a
fectiOns.
In later times the teamsters of Bullion Iron Furnace
gathered and used the oil for the of apypr II
gals and bruises their horses Oils for years seen
to exude number Of places among Others the root
of old stump the bank Of the Allegheny river and
in the ravine alluded to.
few years ago. the then of the tract with one
two Of their neghbors bored WELL few feet above
the old stump The first vein of oil was struck at the
depth Of 2S6 feet and the second 400 et an experen
eed from Oil Greek employed to tube the we'll
which produced Of oil three quarters of an Inch
in diameter The of the we'll, not satisfied with
its production, pulled out the chamber and drilled
feet deeper, when they struck salt water in large
quantities and of great strength Believing that the
ufacture of salt would at the time, yield them better
profit they arranged their seed bags in the WE'LL
enable them to exclude the oil and pump the salt water
Still oil pumped along with the water, in such guam
titles gather upon the top of the watertanks
whence it collected, barreled and sold"
There is every reason therefore, to believe that the pro-
perty of the Company is rich in its supplies OIL The
inclination Of the Strata proves eonclusivey that those
supplies of oil Oil Greek have higher than the
obearng rocks on this property and that consequently
the supply viii be permanent than that Of Oil Creek
itself The large extent of boring territory equal to that
of half dozen companies Oil Creek boat-landing on
the Farm with the advantage of naygabe stream for
the transportation of OIL and the certainty of the exs-
of large quantities of coal upon the tract makes the
property of incalculable value
Ihe company are ABOUT preparing 70 sink several wells.
and confidently expect the early development Of oil in
paying quantities.
The plan of organization adopted by the Company
mends itself public approval from the that il places
fictitious value upon its stock but confines the sale
shares strictly to their par value.
limited number of Shares be had by applying to
the following named gentlemen:
F. Benedict Bedford, Pa.
Jacob Reed
B. F. Meyers
j. Henry schell, Sehellsburg Bedford County, Pa.
James Lowther Altoona, Blair County, Pa.
s. S. Barr, Hollidaysb sburg Pa.
c. W. Ashcom, Hopewell, Pa.
l. H. kauser, Hagerstown, Nd.
;. IA. Prather Co., Greencastle, Pa.
J. Hostetter a Co..
J. j. Phillips, Waynesboro
John s. Miller Huntingdon.
Samuel Henry, q
w. d. McKnstry Mercersburg
And at the Office af the Company, No 435 Walnut st..
hiladelpha.
dec %, "a.