The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-01-13
PETROLEUM.

The Production for December-The Decrease
In she Yield and Its Oause-stocks of oil on
Hand-Prtces, Exports, etc.
The Titusville Herald of the 11th instant con-
tains the December petroleum production We
make the following extracts-
The total production of petroleum for the
rels, making an average daily production of
1924 barrels, or a daily decrease of about 2700
barrels for the month under review. .ns.r
The large decrease in the yield for December
Is mainly due to the excessive cold weather
prevailing for about ten days during the month,
and which in nearly every part of the pro-
ducing region served to freeze the water
pipes of the smaller wells especially, and thus
prevent pumping, a fact which materially cuts
off the supply of petroleum for the month. In
the larger producing districts of West Hickory,
McCray Farm, and Parkers Landing the yield
would undoubtedly exhibit a marked decline,
even had the cold weather not caused partial
suspension of operations. ~"
The principal decrease in December as in the
month previous, occurred upon the McCray
farm, near Petroleum Centre and at West
Hickory, the decline in the former locality
amounting to 73S bbls. daily, and the latter
6i5 bbls. Gaily. ga .F .sfE
The farms upon which an increase is reported
are the Columbia farm, S5 bbls A. Buchanan,
35 bbls; j. McClintock, 25 bbls; and Pithole
and vicinity, 45 bills. -2
Since our report for November but little has
been done in the line of development and
nearly all operations have been conducted upon
territory that had been previously tested. The
unfayorable weather usually prevalent at this
season of the year has served to retard opera
tions in any of the old districts, and even in
these the number of drilling wells shows de-
cided falling off.
The total number of wells being drilled is less
than it has been since any month of which we
have any reliable record the nearest approach
10 the present number being in January, 1868,
when 1872 wells were going down. The amount
of lubricating oil produced during the month
was about 5000 barrels, or nearly tie same as
during November.
At the close of the year the entire stock of
the oil region amounted to $50, 65l barrels of
43 gallons EACH or 16 775 barrels less than at the
close of November. The stock in iron tankage
ming of the month, the stocks at the wells
about 5000 barrels in excess while the Refner5
and Pipe Companies, stocks throughout the
region was about 1000 more than on December
l. In q few instances the stocks reported at the
wells were in iron tanks, but in no case has any
and Pipe Companies have been cassed under
| that head whether in iron or wooden tankage.
There were no considerable fluctuations 10
! the price of the product upon the creek during
| the month under review. The market opened
| at $40 upon the upper, and $3.50 upon the
| lower road, and remained at about this figure
| until about the fifteenth of this month, when
| $3 80 upon the upper and $500 upon the lower
| creek were bid aud these were the best prices
of the month, which closed at $3.50 and 80 40
| upon the upper and lower roads, respectively.
The speculative movement which was inau-
| gurated at the 1st of the month continued until
the 10th inst, but no advance was effected, and
| prevail until about the 18th inst. hoii "a ~.
The following table exhibits the total number
| of kallons of oil exported from the United
States during the year 1870 f.