The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-08-09
OIL NEWS.
B 0 THE OIL COUNTRY.
BtOppage of The COquette-~EnOrmOus
Bonus Paid--EIIegheuy River Wells
sue Creek.

..-SuSaF Greek.
Especial Correspondence Of the Cleveland LEADER.l
On CRY, August Z, 1865.
Imsde mention, in my last, of tho re-
port that the Coquette Well having been
tapped and stopped flowing. The we'll
which thus tapped the jugular of the fss-
cinating Coquetts is owned by Graft &
Rsssan, (the working interest 1 mean, of
course, as the owners of the Egbert farm
have a royalty in all wells put down upon
that trsct) I am informed that for this
lease Messrs. G. & H. paid the enormous
and astounding bonus of fifty thousand
dollars, besides the royalty of one-half the
oil. This is the heaviest bonus yet report
ed in the oil region, but yet the operation
promises to be a paying one for all parties.
The new, well is not yet tubed Tor was not
a day or two since, when the Ooquette
ceased flowing. 1t is located below the
Ccquette, and has apparently struck the
great vein which has, at various times, fed
the Maple Shade, the Jersey and the
Coquette.
A Q well, which promises to exceed
anything in its vicinity, has been struck
upon B~enneheof Run, not far from the
Getty we'll, which is yielding about $50
barrels per day. The new we'll Is princi.
psily owned BY the owners of the Getty
Leases upon Benneho0f are hard to get,
/ except Ut heavy bonuses. Here, as upon
nearly aI the streams except Oil Creek,
the oil, so far as found, appears to lie in a
comparatively narrow belt, within which
there is a reasonable certainty of striking
good wells.
During the past year, q number of wells
have been put down upon the east bank of
the Allegheny, above Oil City. The most
of these have failed to produce oil, and
many of them have been abandoned for
other more promising localities. In the
csse of all, OF nearly all, of the abandoned
wells, the drillers concluded that if they
did not get oil at s little over 500 feet
there was no use in trying further, IS this
had been the depth lin the second sand
rock) where those wells which had pro-
duced oil had been stopped. One superin.
tendent however, not willing to give up
all effort, determined to go further, and put
his we'll down 800 feet deeper, and at 800
AoOh \ hSh "A OGHAG AONh1 AANO WAANA 10 mas
now progressed come feet. He is meeting
with encouraging signs of oil, and is conf
dent of making q good thing out of the
operation. q If his expectations should be
realized, it will largely increase the value
of lands in that vicinity, and will insure
the sinking OF all the n~eighboring wells to
the same depth which ne has reached.
From Sugsr Greek we lave reports that
the Sugar Creek Company the owners of
the Shipper welD have got three good
paying wells among the new ones they are
putting down upon the fiat opposite the
Day Farm, while a fourth is pumping a
heavy stream of salt water. The Superin.
tendert is very we'll satisfied with the sue
cess of thus far met with.
In speaking lately of the plank road be-
ing constructed from Titusville to Pithole,
1 omitted to mention that the construction
of this route is under the charge of Colonel
N. M. STANDARD, of Cleveland. The plank
is to include two tracks Of eight feet each.
Where there is so much teaming q single
track plank road would be almost as bad
as none at all, as there is almost an endless
procession of loaded wagons each way.
CHIPS,