The Forest Republican. [volume] (Tionesta, Pa.) 1869-1952, 1882-08-09
Oil News.


The drillers went up to commence
work on Cornwell's new well at Root
q Watson's mill, on Monday last.
They will not allow it to lag and we
hope they may have better luck than
they had ohashe other well.
The new Balltown we'll, on the Cook
lands, was down between 500 and 600
feet week ago, and by this time is
probably 1000. 1t is looked upon rs
an important test, being only six or
seven miles distant from the Cherry
Grove jumbos.
The Cooper tract, No!29s1, in the
northern part of Howe twp, Forest
county is losoming up as the boss
territory now. Shannon, Fuller 81
Melvin's well, now a "mystery, is
supposed to be gusher some
thing after the style Of the Cherry
Grove spouters. OF this we'll the Der
rick has the following:
Yesterday tubing and packing
and an 800 barrel tank were
taken to the mysterious we'll on
the Cooper tract, near the Forest
county line. This we'll is owned by
2. M. Shannon, j. NJ. Fuller, T. Mel.
vim and others, who purchased it from
the Blue Jay Oil Co. 1t is on the
tract which was purchased of Bonham
d Brough by the Blue Jay oil com
pany during the Blue Jay excitement.
A log hugger, or oil scout, who has
been watching it for several days, SAYS
he was near enough to see some oil on
the derrick. 1t is guarded as closely
as ever and the guards are posted so
far from the welFthat it is difficult to
get within sight of it, Yesterday
shot was fred at one Of the men who
were laying around the place. To reach
the well the railroad is taken to Shef.
field and from there fair wagon road
for eight miles is followed to Foxburg.
The we'll is located two miles west Of
the place, but the winding path is over
three miles long. Fred. Morck. who
has royalty interest in the tract, says
it is the intention Of the owners to
move the boiler and drill it deeper
to-day, then tube the well and kaep it
guarded for about two weeks, or until
they are satisfied Of its producing
qualities. Thus far there is more gas
than oil. The owners think they are
on the edge of field which lies to the
southwest, and are buying land in that
direction. Considerable property on
tract 1858, on forty-fve degree line
southwest of the we'll has been sold.
Among the purchasers are Murphy g.
Davis and Fuller, Melvin & Co. The
price paid was $3.50 an acre"
The Bradford Era speaks as follows
of this venture and the outlook for a
boom in the near future;
"a large amount of money |
is being invested in lands sur
rounding the Shannon well ON the
Cooper tract in Forest county. Land
generally is bringing prices above that
paid for territory in Cherry Grove be.
fore "646" was opened up. Mr.. Ha,
zeltine of the Warren Savings Bank is
interested in warrant 1888 containing
several thousand acres which they
have been disposing in 80, 80. 60 and |
70 acre lois to different parties. If the
real estate transactions are an indica-
tion of the showing of the we'll on the
Cooper tract there must be something
more than gas there. The following
gentlemen and firms have invested in
the Hazeltine lands, which extend
southwest from the well r. B. Stone,
Melvin & Walker, j. NJ. Fuller & Co.,
Capt. Grace, Murphy & Davis and
George Wetmore."