The sun., 1882-05-27
VOL. XLlX.- NO. 2G9.
4 GREAT BONANZA IN OIL.
THE NEW HiLL. UHiCH GrSHftS 4
yYOUSIND HiRRELS 4 DAY.
A Poor specuiaior's Lucky strike-The Rush
of People to the Mstrict-A Town Already
I'm and - Railroad building Very Fast.

A Poor specuIaior'. Lucky striNe-The Rush
of Peopi. to the Disirict-A Town Already
Up and - Railroad building Very Fast.
WARREN, Pa., May 2G.--Although the oil
market has somewhat steadied itself from the
effects OF the staggering blow it received from
the news that the wildcat venture on lot GIG.
Cherry Grove Township. was gushing crudo
oil at the rate of a thousand barrels per day.
the excitement at the scene of the bonanza is
nj fever heat Many of the heaviest producers
or their agents were on the ground early. and
having quietly satisfied themselves have de-
parted. or arc making arrangements TO Try for
q strike themselves. The district is overrun
with an army of small producers. operators.
land brokers' and not q few curiosity hunters.
The origin Of tho now famous well may be
briefly told as follows:
Some years ago Mr.. I.anderath of Rouse
vile. while owner OF dry hole on lot 6G0.
eiehty-two miles southwest Of the Gusher OBJ
tanned leases OF 400 acres OF land in Cherry
Grove. In 1881. viii Falconer of Warren
bought O few leases, and. as the time OF their
expiration was near. he interested Fred.
Morck, Warren jeweler. with him in order
that awell might be drilled; but the failure OF a
wer at Balltown discouraged them and nothing
was done. The Allegheny field was booming
and matters looked blue A short time before
their leases run out Geo. Dimick. founder of
the famous Sarah Jane well at Petrolia Butler
County. and who has been interested in so
many wildcat failures that he had not money
enough to drill well. came to Mr.. ,Morck and
for half interest agreed to put down a test
Grace cGS Of Ae JamsstSwn, % n T.. WHO TOOK three
Interests Dmifks T6s ha Of Fsbrare a9e
sinrh Saw The ~ staft afee on the @ nor,hWest corner
q lot GAG. but when the drill reached a depth OF
ss the %bs tSs Hn9 n chG 6e
work. For 5000 they had the time extended
and also secured oil right for 100 acres from
who made his home in this thick hemiocE
wilderness, has cleared $4,000 or more since
figured that oil would Be found in the CIaren-
don sand at depth OF lG0O feet and when
him at the derrick; The next few feet discour;
aged Morck and he left but soon afterward
ed W % and the sand f line Showed bits tof OF hard hard
white pebble. the formation peculiar to this
section. Dimick knew that he had won, Alter
pulled and the hole. which was filling fast was
plugged. This was about the middle of March;
it was reported that the well had broken loose
and covered the derrick with oil. The truth of
having bought an interest, had caused the plug
TO be drawn. when the well made flow. follow
ing which it made ll5 barrels A for several ,I days
pany began its pipe line from North Clarendon
to the wells. This was finished on Thursday
and and the iu tools run on Wednesday. When the Wen
began to flow increasing until it reached its
present rate. which has been maintained with
little deviation since.
Morcf and Faconer have cleared s33. $50 and
their royalties The flows how average six
minutes each through two two-inch pipes. with
intervals Of fourteen to eighteen minutes be-
tween flows, and trustworthy estimates agree
that to-day the well does even shade better
than 900 barrels. The immediate territory is
fully occupied. and rigs are going up with the
selling at prices it would be folly~o attempt to
quote in this despatch, The township lots con-
tain sixteen acres, and the average price is
perhaps fairly given at $3.50 per.acre and an
eighth royalty.
the great bsq bsqshsr Mo wSr Ws is a
one north and one west, each about 500 ieet
from the spouter, and have two rigs completed.
The owners of GAG have four rigs done-two
east. one south, and another northwest dis
talee apart 400 feet The s rig south is really
feet down to; night. and should be ready to pan
out by Tuesday. Visitors to the front as GIG
the we'll and to be completed to Garfield, the
sSs submit H '0T9 y the dnda RGE' GFRRwa on OF
sSS feet above the level Of North Clarendon.
Here hemloek city; boastipg already of a
and other shanties is located. Western Union
wires are soon TO be stretched from Warren to
minus OF the Warren and Farnsworth Valley
NaTrSwc;gauge Railroad. now building tr9m
connect with the narrow gauge roads to be
built in Forest County. The distance to Gar
lelu as surveyed Is Va miles. ana rails VIII
be down to that point not later than July
20. Among the stockholders of this enterprise
gs Lss66evH the Hon VI S2ns hs HoR l. p
well, Esq, and prominent bank officials of War
rem; j: 4. Cadwalader, j. J. Vandersrlit Of the
prove Il bonanza. regardless Of the success or
failure ot the oildorado. The United Pipe
Line Company il laying Il two-incn pipe 10 the
new tract to carr the crude oil 20 loading stQ-
tions AT Clarendon. From an impartial stand
point. experts regard the new find and the
Of others "a : tho most lyluuntip lottery
ever known in the oil region. Should the sev-
eral wells down come In big. operators may
look for quotations in the fOrtirs