The Petroleum Centre daily record. [volume] (Petroleum Center, Pa.) 1868-1873, 1872-01-26
The BnIly HiDl Territory.
m sxrrxr, ecar AND PRESENT Drvslof-
MeXr.

One of tho laresat. n not the largest, and
most pIoH,sble oil land operation 10 she
hickory Of petroleum mining ia the purchase
and subsr qusnt developn cot Of Bully HUI
The territory known a. Bully Hill 10 'hetn
eide ground work Of Q borse.shoe formed ~
the Allegheny river 10 lie eourss from
Franklin 10 Fosier, and 10 thirty minutes
drive from this city. Standing 90 the cum
nit Of this till the spectator has . nne view
Of . rolling couo'ry studded on bsih aides o.
rim, st Two points directly alisniog With
the dsrrieks Of BredInshuIg snd Mount
Hope; and advancing to one brow Of the nil
be looks down on the famous Foster terri.
tory ou The opposite side oi,he Allegheny
Up to June 1870, although Bully Hill was
iscrd' BY The wealth OF Foster It bad not At
trscted any attention 20 oil territory. Then
ous Of the present members Of the 6rm Of
Prsniics. Crawford, Barbour d Co.. com.
nenced bay ing the farms on the bill pay
log for them more than double their value
- agriculture properties By the spring o.
1871, there had been purchased 1900 acres
Of land, running from the brow oi the bill
opposite Foster to the Pope farm opposite
Porter Island, . distance north-essterly Of
one and one halt miles, and varying 10
width from one 10 two miles, for which
$ls5, 900 was paid.
In April 1871, these purchases were %
sumsd BY Frederick Prentice, W. r. Crsw.
ford, J. B. Barbour S. A. Wheeler, Charles
s. Whitney apd S. q. Keeler under the firm
name Of Prentice, Crawford, Barbour b Co.
and soos thereafter active operations com.
msnesd on the territory. To-day, - the
fruits Of only sounding for the third sand
they are getting, at the least estimsts, 22o
barrels Of oil. When the Company gets ito
land thoroughly tested the production un
dsubte ly will bs immense.
At present the Company has one we'll
pumping on the Ryls farm, three on the
Stromar farm, one on the Wise farm, one
on the Miller Graham tsIm. and one 90 TIE
HoIs.eiu farm, from which they get the
amount Of oil meatioued above. Of drilling
wells they have on the Rye farm four, on =,
the Storman farm I've, on the Robert Foste
farm eve So far but two wells have been
abandoned. They product some second
sand oil, but not enough to pay for pump
ing.
The average cost Of sinking . we'll d
e5,600. At present the COMPANY has seven
wells, out Of nine drilled, yielding 225 bsr-
rels daily. Taking the average cost Of the
wells Ut $500 each, oil at an average
price Of $500 per barrel snd the sun Of
81 $4,000 paid for the property, any person
6e,rs the ri.ks Of sbrswed oi,
operations has Bully HUI a. 40 example. But
you must consider the cost Of pupping o.
we'll 40 the prospects OF the Company 10 the
light OF present developments being nothing
mors th sn . skirmish fer the oil belt
10 addition to the produe tion Of oil from
the wslla the Company derives . greet rev
snus from 'ts gas velus. They have sup-
ply Of gas suficisnt to pump oil the wells
aud enough to spsre for drilling purposes
Az their wells ere pu down on contract, the
contractor agreeing 70 furnish coal for the
engines, the Company sells its gss 10 drill
ling wells ioi $500 . osy-s sice income
Of itself
A. an evidence Of the rapid rise 10 the
value Of the Compsny's land and its pros
p"otjvs value. va state that Mr.. J B Bar.
bour sold one.sixth iutsrsst be owned in .
certain 81 sciss OF his land to Nr. Frsde-
rick Premise for the sum OF $25, 1000.
And this having gas. slsu ensUlvs the Com.
psuy to keep its rigs and engine bouses In .
much clrsnl'er. condition than could be done
were coal 10 used. Each enginsrr is re.
quirsd 10 attend to bis charge a. particular:
~ a. . locomotive ens,n sr 60 far ..
systsm, order, aud discipline goes p-rbsps
no other oil territory 10 the region presents
9 better, appearance.
Outside Of The operations Of Prentice,
Crawford, Barbour d Co., Watson l. Pvt ck
have go barrel well on the Jamss Foster
farm, which adjoius their tract, and
the Painter Bros have rs barrel we'll ou
the Pope farm adjoiuiug the Stormsu farm.
There ere also iour wells drilling, on these
farms