Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1865-01-06
DESCRIPTIVE CIRCULAR
OFTHE
H0PEWELL OIL COMPANY.

|
| Hon. JOHN ROWE, President.
| J. SIMPSON AFRICA, Secretary and Treasurer.
DIRECTORS:
W. S. FLETCHER, MeConnensburg, Pa.
JOIN ROWE. Greencastle, Pa
F. BENEDICT, Bedford, Pa.
j. II. SEYMOUR, Hagerstown, Md.
j. c. EyERHART, Martinsburg, Pa.
JoHN J. ScHELL, Somerset Pa.
G. r RANsDELL, Oil City, Pa.
The property this Company consists Of 200 acres of
land in fee simple situated the side of the Allie
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 TO an adjoining tract is taken
from editorial in the Philadelphia Price Current, OF
December II
"The geological relation of this property to Oil Creek
such that the olbearing strata which supply the wells
the Middle Section Of Oil Creek from the Washington
McCintock Farm the north to the Buchanan on the
South pass under this property the range of the
strata certainly bringing thetwo localities into this
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 exends down the north northeast
and supplies the wells the Washington, McClintock
Egbert Stone, Tar, ana Buchanan Farms sweeps down
stll farther the south southwest direction cor
responding with and controlled by the inclination Of the
strata, and underes this property 1t is well ascertain
by the testimony aged and respectable residents that
the Indians years ago. gathered oil from the surface Of
the ravnes on 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 puspose applying it to
gals and bruises their horses Oils for years was seen
exude number of places; among Others at the root
Of an old stump the bank of the Allegheny river and
in the raEine alluded to.
few years ago. the then owners of the tract with one
two Of their neghbors, bored WELL few feet above
the old stump The first vein of ell gtruek at the
depth of 2S6 feet and the second 460 feet an experien
ced man from Oil Creek employed tube the WELL
which produced stream of oil three quarters Of Inch
in diameter. The owners of the WELL 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
ufaeture Of salt would at the time yield them better
profit they arranged their seed bags in the we'll so as to
enable them to exclude the oil and pump the salt water
Still oil was pumped along with the water such guam
titles as to gather upon the top Of the watertank from
whence it was collected, barreled and sold.D
There every therefore, to believe that the pro-
perty of the Company is rich in its supplies of OIL The
inclination of the Strata proves concusively that those
supplies of oil Oil Greek have higher eUef than the
obearing rocks this propery and that
the supply win be permanent than that Of Oil Creek
itself The large extent of boring territory equal to that
Of half dozen companies on Oh Greek, boatlandng
the Farm with the advantage of naygable stream for
the transportation of OIL and the certainty of the exis
of large quantities of coal upon the tract makes the
property of incalculable value.
The Company about preparing to sink several wells
and confidently expect the early development of oil in
paying quantities.
The plan of organization adopted BY the Company COM
mends itself public approval from the fact that places
fictitious value upon its stock but confines the sale Of
shares strictly to their par value.
limited numbemof Shares can be had by applying to
the following named gentlemen:
T. Benedict, Bedford, Pa.
Jacob Reed,
' r Movers.
j. Henry schen, schellsburg, Bedford County, Pa.
Japes Lowther, Altoona, Blair County, Pa
S. S. Barr Holidaysburg, Pa.
CIV. Asheom, Hopewen, Pa.
/. II. Kausler, Hagerstown, Md.
S. H. Prather q Co, Greencastle. Pa
J. Hostetter Co, q
J. j. Phillips, Waynesboro, g
John s. Miller Huntingdon, q
Samuel Henry, "
w. ID. Mckinstry, Mereersburg,
And at the Ofce af the Company, No. ASS Walnut St.,
Philadelphia
dee.23'64