New-York tribune., 1868-01-03
TIE PENNSYLTANLA Oil REGIONS.


AMOUNT OF OIL ~ TIE PENNSYLVANIA ri
GIoN-IRoy TANKAGE-DAILY YIELD, ErC
The IflioHfe HcrdH reviews tho operations
OF the Pennsylvania oil rlds and states that although
the oil business ~ undergoing depression else
where It is but slightly affected IN the oil region Relative
to this production, Tie Herd!d says;
"DuInc The past mouth there has been large Increase
I'm the production several dstic-, but Ia othcrs there
has been considerable failing "n. 10 that the actual IT.
nrc, has b,c, ght WHEN lie amount uf development
IL taken into consdrrurn TIC Increase Il oel Dds,
and The average daily Production lu Nc tniNe rsl"h IN
r tli, IN t,p ll. rer tv I.tr has been an Increase
on the Economic az 1iOuir on shanrr lun' near
Reno on the Woods nnd Foster farms. aud on lltr hid
ioV'rr cherry AID Church rnns There has Hso hren
light Increase the W McCliniock farm nlsng Tire AZ
leshauy River below Ir'nk and en se'eia iaiin. ~
Development has been greair, on the Mcilheny, lrn
riugln. aud Tarr iarns O Greek The cause of tis
crease has been That me o.I-s,ihT ,uI",k ulef
lyirgn portion OF the above farm. has cnne wat.r.
the oil has been forced iuni ihr NSiny oi trr We-
"On the east side ol he AHrgmny kiy,rnt Ilul@n,r
watering II the third sihd.rock continues. and The
beet producing "es "l' 'I''' IN % m ,i r, -
OF the river The largest pnd'it NrlI W In' I'to" !,
flat Oh ShaGcr Run. near Reno. Ibefe are nearly Is
wells produclng daily from 10 to 20 barre Is, and the
nooriiy OF lie we'll. nuw operated produce oss than 90
barrels per day. The length ci time when wen may
which IL is located. There ~ bat tte prospect for any
large increase In the production dnilng hr next thre
months The development j, falling OIL ana the cod
weather VIII materially rcidrd operations oh "es WHICH
about cOiniicied
"THE DEVELOPMENT or THE TERRITORY.
! "There has been a decrease i The number OF wells
beng drilled In the Oh region within lle poet month
uen of which the 0w prices OF oil and TIE approach
OF Winter. during tie cary Part of ih,t niohth new
pleed and for the rst fifteen days TIE humber OF wells
benr drilled remained about the same. Al there we're
oil townrd tie ner part of month, The development
commenced to fall on aud the nunher Of new wells
bcne drilled is decreasing rapidly. This decrease may
be xprcIrd greater during the next thirty days.
a majority II the wells are nearly c0npletrd Inc NUN
Der Gl wells which operations viii he commence dur
ing the next two months will not exceed thirty
There are go WE'LL being drilled IN the entire re-
in ALI Of
wells aie located OH territory which bis ihr has proved
tbrr tc.t before being abandoned. There nenry 20
wells being drilled at various points on territory lying NJ
Considerable distance from any producing district sew
eT Of these wells Are being put down ON the territory
between Church Run and IidloniG. 49,, A..
AT the latter place the developments which at nrst
was near Allegheny River has been gradnaiy extending
westward us The production run out or The ier,oy be-
wells least mile from the river Some i've or
SIX wells are r nrng u' wcs by y son ~ Tdoe TIE
territory known the Economic. on the south side OF
siderable extent. IN the Immediate Vlchiy oi ihe Econ
omt proerty ri wells have been started, but ~ yet
ON the Alirghsny River near Scrub Grass district
new territory found aud several new wells have
on shafer Rum Reno, there is large amount OF
development going but a. but two or three wells
oxten, Of the producing territory Is not known
"On Churcl Run there are - new wells beng drilled
the run Oh territory which II yet but partially known
A number Of these wells viii be completed within the
uert 80 days within The past month two or three wells
siinaed near bed Of the have been tested and
they have turned ont to be paying wells Ie Wen, stu
ae on the tablcand east Of the run still producing
largely The indications are that the wells " which are
being drilled about mile east OF the rin VIII produce
more than any which have ~ yet been struck.
"On Upper Cherry Run there s large amount o' &c
es%g. aeT fIS Texesn S the I head f waters 81 Bn Kun and
the point Of Upper Cherry Rum where ihs producing
number Of new wells being put down for the pur
pose Of te.tng this territory ..o,ov
stock OF oil In the the 1th INST.
iron ank bulk boats, the hands OF producers brokers
and Shippers. and IN wooden storage tanks, amounted
to GOO 100 barrels beng decrease during the month Of
5000 barrels The decrease has been caused by ship
The oil is being pumped Of the bulk barges aud
shipped by railroads At several points the Creek the
seDt the reduction Of the stock In these tanks has about
ceased There IT, however but little doubt but that after
time when there might be rise In the Aleghany ex,
pires the oil which s IN bulk bargos viii he pumped
and shipped or m sa l for Te & pPrGr ~rs9 TeG n9
delivery have 1t is stated refused 10 take IT, except On
VIZ '-''' 1.-THE IRON TASKAoE.
| "Wthin the past month but little addition has been
made to ,Ss aS % SaS al SH E1er in
iron tankBge to the capacity of over 10000
sX tsks holding from 10000 1900 barrels each. Al
shamburg. Upper Cherry Rum there are Two tanks
tanKage In OF construction In the OIL region
barrels Tankage to the capacity OF nearly
O barrels In Of construction VIII he com
pleed the lei Of JanurIy The capacity OF lrontank-
which now In order TO receive OIL Is Sdss barrels
psst month the amount Of empty tankage has been de-
creased by about 5000 barrels As the price Of oil ~
now low IL IL probable that owners OF empty tankage
will purchase largely and II 1t should remain stationary
tie capacity empty tankage will be materially lessened
| durlnlAtlie coming month.
'The following aInountsl OF oil stored IN wooden
tanks and bulk .he points nalued At OIL City,
1900 barris at Tdioute 5000 barrels; at Tnrr Farm
5000 barrels on the Allegheny River ~ and including the
Scrub Grass districts $500 barrels; at 0eopos 1900
| barrels. Total n. $40 barrels.
"e total amount Of oil held In the oil region. 60 900
barrels; average daily production, lO4C2 barrels Mum
|
tnnkage os barrels. Capacity Of iron tanaage, empty
| 2456s6 barrels"