The Portland daily press., 1865-04-17
PROPERTY OF THE COMPANY.

The followingi Is q description of the Company and
ithe. operations now going on upon it.
Ioa Creek, about two miles from ritusvile On this
we have two wells going down, new engines, ma.
|chinery, &C. One we'll is now down about three
nave come TO The surface, lowing read ~ over the
top of the well. Ihisis the surface second
rock oil which indicates large deposits beneath
treat results are expo cted Iom this well which will
probably be completed in the course of thirty days
Forty acres of this trac. OF the best boring ter
No2. Ten acres in fee. All boring territory
nearly opposite No /, being part OF the sam,
tract bus lying cnihe north side of the creek and
one. half mile nearer 1itusvie. This IA one Of the
most eligible tracts for oil purposes the whole
creek; well to be sunk ON this place Immediately.
10. 9. One acre tnfee on oil creek one halt mils
below 1Itu vile, surrounded BY paying wells; thi'
all the best boring land Two wells going down
I which. from esenL indications, promise to be al
least twentybarrel wells. although much better
suIs are expected tom at least one of Them az al
mot every we'll in this vicinity has been good one.
No 4. Perpetual lease of two l2) acres fall oorine
terri'ory,l giving half royalty, on the celebra-
sd George hicket,s farm on Cherry Run, lying. At
the mouth Of Oil Run, q small stream emptying in
Ito Cherry Run, ana deriving its name from the
large quantities of oilconstanfy floating its sur
ace No better oil land can be found j.dging from
uriace indications ana the TACT that all wells In this
vicinity are large pumping or flowing wells. 1t is
sad to bea fact that out of the several hundred
wes on Cherry Run, there has not. as yet been one
allure to obtain oil after reaching the oil Depth
The Company have re son TO expect large returns
from this small tract, and have already TWO wells
going down with all dispatch possible.
No. 8. Perpetual lease OF ten tlo) acres (one-hal
Iroyaltyi all boring territory. on the Turner and
Anderson farm, Cherry Rnn, opposite and dj1inine
down with the best indicat ons On this tract there
lis noted offspring constantly giving out gas and
Ioi In considerabie quantities. This is also but Al
Ishort di lance above the Great heed - "YTade %
land "Grangerp wells, and many other flowing and
pumping wells above and below, l!ls ~
No 8. FIFTY acres ie fee on west branch Pit-Hole
Greek, adjoining the United States Cpmpanys prcp
|erty, and only one-half mile from their great how-
ling well. This tract Is ary all good boring terri
|eory being BY several small runs empty
Ing into Pit Hole. each aforaing ample room for
This tract is the most valuable Of any the Compa-
my own Itwas purchased some time since; andl
Tho recent developments OF property IL its immedi
3ats vicinity has advanced its value more than
!three fold above 1 . cost TO the G ,mpanv. I've
wells going down ON this. With rs much certainty Of
success as there can possibly be on any land In the
sTnis rract lies directly between the Great Noble
|ana E%Pifs wells on gu Greek, ana the great
|tonds TO the Allegheny River, and in which the
Quality Of the oil found Is OF striking similarity
|peing the light oil that Indicates the largest wells
Nc. q. Perpetual lease Of fifteen t15 acres tgiv-
|ng one-fcurth royalty on middle bf aneh Pit Hole
land ally one-fourth mile from United States Com.
with the bat Of show. 70 parsuar1s TIE ~ extra
Qualities of this tract would emily be repeating wha
Is said regarding tract No. 8. slthough its market
fourth mile nearer the great we'll. " Slg3l
1 No. 8; Five scres ~ in fee, all fat. on main
branch Pit Hole, forty rods below the great well and
the great fisherman Wel.S on on Creek. Two wells
going down on this with all possible dispatch; and
at their present depth show indications flarge de-
No g. Perpetual lease of five (5l acres one-fourtb
royalty, aojoini tract No all boring territory
and ofequalvalue with tho above. The small roy atty
given makes this lease most valuable fee-sm-
|ple. Two wells going down on this with same ndi-