, 1866-11-02
THE OIL REGIONS.

oil D1@C0vered-TNe POWER Oh tae |
Torpedo ~ a Petroleum Stimulus
It's Great Success Detniitd.
Correspondence OF the New York World.1
PIONEER STATION, Gu CREEH,
PENNSYLVANIA, october %.
So far as the buying aud selling OF OIL
very little business done In the stock market
during these times. Considering the great
fortunes reported as made and lost during
recent months in this business !; remember
ing the Intense excitement petroleum invest
ments effected In the minds of all the whole
country over recalling the great degree Of
discussion und inquiry which the
subject produced ; the decalcnce Of speeu-
1ation and purchase In regard to oil mat
tcrs must ha attributed to growing dis
the good faith Of those that dabhlc Ia them.
The stocks are rare and rarely trusted
ffature in the market. The press has about
ceased to enlarge upon the possibilities and
resources OF the business wlicn once was so
Who had any, and The lougings Of all who
had not, and, speculatiTely considered, oil is
hat to dcadncss-
And yet to-day there is more business be-
ing transacted, more full and speedy develop
foundation fol fortl4e-mnking than was ever
realized during the widest excitement con-
scquent upon the prevalence Of tho oil-ftyer.
To he who Imagines that m oil we'll Is =
rard aris, who seems TO think the bottom has
dropped out Of the great oil-producing re-
train trou' Jersey City Erie Rallrosd}, and
End himself next evening at Pioneer Station
{Funkville), Oil Greek Railroad. Within
circle with a radius Of one mile from this
exempllBcatinns Of American tact and en-
etgy. he will view as busy mart and as ac-
tive scene ns our broad country can afford,
while his Imagination may rcyel In the con-
temptation Of the treasures elected in con-
tlnnous streams from lar down IN the bowels
of the earth.
It may be interesting to your readers to
know something of the Bennington farm It
+ is owned by John Bennlnglot, three or fouE
years since poor Farmer, whose farm would
to thrifty, frugal man., The Development
| Of this farm has enriched its owner, who,
| presume, is now In receipt of q daily income
If from e 500 to $1,000, varying according
to the price in oil. TLis income accrucs to
him from III bis royalty, receiTed from ON m the
and is independent Of the large bon
sad le.ss sh &c he is aAs mnn aeSeyia auts aa,
vanced in years, Of Pennsylvania Dutch"
stock, speaks German more fiucns&y than
English, and to judge from bis conversation
thinks 'it shame to spoil his timber to
sink oil wells" lie resides on the top Of one
Of the highest hills inthis vicinity, In = d.
1apidatcd farm house, and sincerely be-
lievc feels richer In the possession Of good
oat.fcld than flowing well. he has several
grown up sons, active, energetic men, who,
| notwithstanding the sudden fortunes Into
Which they hare tnmb!cd, are really good,
sensible. and benevolent citizens.
! rosEs-A RgyoLrT1oS IN IuE PROCESS or
on, GETTING.
This letter would be too mcacre did not,
In noting the active state Of business here,
cion With which nii stocks nFc rtrsTde1 IN
lie great money centres now~ mention the
fptrodrction Of q nav apencr In thc nncninn
Of wells. which not oniy BIDS fair to crowd
out all other e1pcdIcnts. but also las already
Increased The pctrolIaa productiyeness 81
marvellous extent. Colonel E. A, s. Rob
eEts has tilt upon The happy thourht
}.of introducing the explosive force
Of the torpedo In the bottom
having been exhausted and LEFT as valueicss,
In the case of newIy-borcd wells, the effect
is frequently to start copions supplies OF oil
from prolific strata which lie On either or
both sides adjacent, and near which, per-
haps within four OF five inches, The bore has
Some wells are sank, and yield nothing.
Heretofore, when such was the case, the
only alternative lcfl was to bore again, and
trust III luck, or Whatever slight
!
happy mark. Now the explosion Of a
torpedo In the bottom IT these at
first unyie1dlnE wells has the frequent re-.
suit ofopening pores from fruttfn; strata That
lateral1y bound the narrow course Of the
well, and thus pouring In an unexpected and
largo supply. Wells, too, that have been
abandoned have been by the agency OF the
torpedo developed into new yields that ex-
ceed the measure Of former supplies. The
raraphiue and debris that accumulate after
ffntS
from wells that have been the source of
large wealth. This stoppage the torpedo
remedies. The Immense power Of the ex p,o-
sion, moving In the normal line ol the least
c1asn spasss s ss AID 0ths
ret'owitg ct the priced petroleum. SO great
is the power Of this torpedo resource, that
, | wells adjacent, and not tlutrequcntly 40 yarla
ut from the centre Of explosion, are agitatcd
, | into new life and reproduce and surpass the
| olution which this grand discovery is making
| may bc JUDGED when tell ron that its suc
, t cess was first established bY makiug an
, tighty-barrel well from dey hole. Then
, followed several wells flowing from sixty bar
, .els TO go and so. By this time people
r began to hare Torpedo on the brain. Tht
result is, that the old abandoned wells aloor
) the creek nre being worked again, and TIT
strikes In the old holes with the torpedo are
Is FREQUENT as they used to be Ia sinking new
i
: first being worked. As near as can esti
t mate, Colonel Roberto has operated on abou,
Q two hundred wells. Fifteen bare been made
+ flow from sixty to two hundred aud fifty
4 thirty have been Improved, and Their pro
/ duet increased from dyc to one hundred bar
! | rcIs daily, or about three In fur or fIge ope
:. rated On have been improved. Thus th.
b production Of oil has been Increased d
!, ner ~ day py the torpedo. or abou
r. i've millions Of dollars per Tear. ali of whicl
r has been done In the past four or i've months
= hare visited many Of these wells, aud fln,
hey hase ,asn been Pro7sa I'd. any Of the0
y :, Ieen mnrh tnprnrei Thc nwin and E,n, IN,
- hy wells were onerated 1snnn and n,a5a /
j. E-a9v tfYtv barrels earb: The Bakev rr1i ~
d hundred barrels; The Parker wcil, one hun
4 dred and e;abtv harre,.. the Hnfr ~ vi
- | ni1e,r h,,~ais IN an.t,s ha.fJe. .rn.
ntue. od 9a, 1rEa,ns 81 a,'s ~" p'oe" nutoal
pe,rnfetm 1,entrs 7 fonna ono mar
i Gcorrc anderson VIM bns nsaf ~ fro1n M q
:; | teen 10 twenty tnrneaoes, and hss 5ncrcase
: fhe rrodnciion af KIs welis fron in 10 n
=, harrcis nsr dsv a. 1eeaa tb;r4v,tbrec ~
HennehnfF RIM Il n f,na fiouino waii ~ n
=, hsrrc1s. f1n Hrnd Far,n * a f,orin
WcIi of sercntv.f;re hsrrri. Thc Nanhstta
,, iii rnmnanr' ~ stnrr -; Farm ~ wa11 En
~ f3nved aercnty.dve h3,,eis ner dav an
" m,nv othcrs a,5 nnt ris,t Thee ron
~ ~ 1nTnn,n@ We,,s an +no % nnme,ons 4o S ~,
i fion rntrht Instnncc fcr1 thst ram
= nniar nv 6rn nhserr,tion To Frr-
e. wens' B35 baser wells; clafks Es's, ce5ln gu
~ No. is. No. a1o ~ iii. and many mon
- this rir;n,fr f-i,;e ia anf3;cfant * 1ira n
~ }iea of whaf has l,cen done and whit ia n
70 inr done hy this fnrrntion alone. The nj I'D
~ ~ oftrrnsnn-+inr n{J Nv rines IL a orrat in
=. 1,rnrrr,cnt m fbc Old vaF 9fteanfnr AZ
~ ~ fha Introlnctinn ~ ojf t,nkz nionsr Il,