The Forest Republican. [volume] (Tionesta, Pa.) 1869-1952, 1883-05-30
OIL NOTES.

10 and "a this week, and probably
No 6. Clark, Murphy q Breneman's,
on 3,198, is also set down for this week.
Herrick No. should be heard from
about Wednesday, and if the gas does
not interfere too much Patterson Nos.
Z and 8, will be completed. In the
Balltown district Welsh's No. 2 and
Balltowp Oil Company's No. Z may
be expected 10. The production of
the Cooper tract Friday was less than
1000 barrels. This,is over zoo bar
res less than a week aga
Since the above was in type the
followipg additional facts are reported:
Anchor Oil Co.'S No..6 90 2735 struck
the sand last night and is showing for
a good we'll. Its location is northeast
of No. A and on good line with other
large producers. In the first six
hours it made 200 barrels, or at the
rate of over 33 barrels an hour. At
noon to-day it was flowing at the rate
of 90 barrels an hour. This we'll
proves that oil a the second sand does
not prove the third sand is barren,
because this we'll would have made a
fair second sand producer. Anchors
No. "a was completed Saturday. 1t
il OO0 h. ALo
Fertig & Hennes No. 8, on the En-
terprise Transit Co.'S tract, is in the
sand, and is showing for 100 barrels
the first "a hours. Clark, Murphy &
Brenpeman's well on 9,198 tapped the
sand Saturday. and has filled up 600
feet. This we'll is located 900 feet
west of Union No 10, and about the
same distance northwest Of Murphy's
Ms. 2.
The Hoodoo Oil Company's wildcat
venture in the western part of Forest
county, on tract 1868, has been drilled
below the level of the Bradford sand
ard abandoned. The easing was
being pulled at it to-day.
The Tubbs Run we'll is still drilling,
but what depth they have reached, or
just when they expect to "reach the
bottom" we are unable to learn; per-
haps ten days will see them pretty
close to oil, or nothing, at the present
rate of speed.
The Derrick arrives at the following
sensible conclusion: There is at pro-
sent growing feeling amOngall classes
Of oil men against the manHerin which
the wildcat Wills are manipulated.
This feeling except in extreme cases,
does not attack the right of the pro.
ducer to mystify his we'll for his own
benefit, until be ascertans its condit.
ion; but it does assert that the custom
Of keeping we'll hanging over the
trade for days and weeks is unjust and
unbusinessliks. The producer has a
right to handle his property as be sees
fit. 1t is recognized right, and there
is no law to compel him to change his
course. But the great oil trade has
rights which should be respected as
well. What benefits 1t to an operator
to shuta well down on top of the sand
and keep it there for days or weeks as
perpetual menace to the trade? He
knows no more about it than the pub
lie, bnt his act unsettles values keeps
purchasers and sellers out of the mar.
ket; creates an artificial price; makes
business uncertain; destroy confidence
IN legitimate trade; drives outsiders
away, and leads them to look upon
oil men as a set Of rascals. Ii really
creates false impression af the oilmen
and the oil business, and Injuries it in
more ways than one. While We re-
cognize the right of a single producer
to do as he will with his property; we
also recognize that there are rights
belonging to thousands of other indi-
viduals, and the rights of millions of
dollars worth of property, which are
of greater Importance in the aggregate
than those of the single individual,
and which demand that the absurd
manipulations of wildcat wells should
be criticised as they deserve.
Latest Raui.ed Man nfEnrnsl %