Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-13
ANOTHER SHUTDOWN
Now Advocated by a Portion Of the
Anxious Producers.
SOME NEW GUSHERS REPORTED.
The Statement of the Pipe Line Operations
for October.
LATEST TIDINGS FROM THE FIELDS

that unless something is done to curtail
production that values will still continue to
depreciate. In looking around for meas
ures to remedy the cause of the present sit
uation it has been quietly hinted by one or
two prominent operators that another shut
in movement would be just the thing. This
policy, however, will never meet the ap-
probation of the average producer, as the
results of the last shutdown movement are
too fresh in their memory to expect their CO.
operation. One astute producer addressing
himself to prominent oil well supply man
jacosely remarked that all those engaged in
his business, together with the drillers and
machine men, had better emigrate to Peru
and stay there for year, and as a conse-
quence the producer would be forced to sus-
pend the drill. The situation from every
standpoint does not present many encourag-
ing features for higher prices, while the re-
ports of the National Transit Pipe Line
Company indicates possibility of an in
crease of stocks shou Id the present rate Of
production be maintained.
HEAD OF THE PROCESSION.
WILDwooD-Wildwoo is still marching
at the head of the grand procession, and it
must now be acknowledged that it is one, if
not the most prolific pools in the southwest
field. The Governor Pattison we'll, from
later returns, has increased its counts sew
eral points, and to-day made 150 barrels an
hour, while yesterday, after being agitated
for few minutes, increased the production
to 170 barrels an hour for some time. The
Ringheisen we'll shows wonderful staying
qualities, and personal gauge to-day in
dicated that the we'll was making good 80
barrels an hour. The Roth Oil Company,
No. z Harbush, are looking for the sand to-
night, and, ,as it is located only $50 feet from
their No. 2, the prospects for another good
we'll are fattering. Griffith and the
Forest Oil Company's No. is
said to be through the first pay,
and is good for 100 barrels day. The
owners, however, are of the opinion that
they will find second pay which is more
prolific than the first. They are still fishing
for the casing in the Kanawha Oil Com
pany's Hart well, and the indications are
for small we'll. Greenlee & Forst will
have brace of wells due soon, while the
Roth Oil Company expect to bring in an
other on the Harbush in a day or SO. An
attempt was made to-day to drill the Byrne
& Steel No. 8, on the Simpson lease. to the
second pay streak, but owing to the steady
flow of oil it was impossible to put the tools
in the hole. She is doing fully 800 barrels
day. Their No. on the same lease is ex-
pected in on Saturday next.
BUTLER TO THE FRONT.
BUTLER-Butler county, too, comes to
the front again with another big well in the
Hundred Foot, in the region of Petersville,
and is contesting for first honors with Wild
wood. THE DISPATCH scout was shown
private dispatch by Mr.. William Guckert,
sent by his partner, Mr.. Steele, over the pipe
line wire, stating that their No. 3 Humphrey
had tapped the first pay and was producing
as much oil as their phenomenal No. did.
which started off at 200 barrels an hour
This big strike has no significance as far as
territory is concerned, being located in the
limits of defined drilling, and only shows
prolific spot, which is characteristic of the
Hundred-Foot field. Guckert & Co.'S
Davidson farm, near Gallery, is 20 feet in
the sand, and it now looks as il it will make
producer. Last night it surprised the own
ers by making good strong flow, and there
is no doubt but what the venture will pay.
The Damback wildcat we'll has been turned
in the tank and gauge to-day makes its
production 40 barrels. It is thought that
when the well is cased and put in order it
will produce from rs to 100 barrels a day.
There is nothing of a startling nature to re-
port from the Rough run we'll.
REDEEMED ITS REPUTATION.
JACKS RUE-The Jacks Run pool has
partially redeemed its bad reputation in the
advent OF Thayer & Co. s well on the Frank
Berger farm, which was completed yester-
day. The well is making seven barrels an
hour or about 40 barrels a day, and the
plucky owners are to be congratulated on
their success. There is some activity in the
field, and of recent date one or two pieces
of property have changed hands at good
figures.
BELMoNT-The Waverly we'll, 215 miles
southwest from the Eureka field, is a small
affair and will not make more than two
barrel pumper. Duncan s. Co.'s st. Mary's
well, by actual gauge, is doing 80 barrels a
day. An expert operator and scout said to
The DISPATCH reporter to-day, that, in
his opinion, if they found any sand at all,
it was not more than six inches thick, and
that he believed that the well is producing
from the shale like the old Burt well at
Belmont. The owners are not giving up
any,informafiono on this point, and in justwhat
horizon the oil comes from is conjectural.
There are no reports tonight indicating any
particular change at other points.
PIPE LINE STATEMENTS.
Following is the statement of the Ma
tional Transit Company for the month of
October:
Acceptances and certificates, Oct L., 2s62. .662
Acceptance and certificates, Nov. 1.... 3.ll5, 1862
Increase. ACKNOWLEDGEMENTS. 252 499
Credit balances, Oct. .1................. 3727 73l
Credit balances. Nov.1.-.............. 1885 655
Decrease. NEUTRALITY-SUSPICIOUS.. 392. us
Total liabilities, Oct, ,1............... $3.50, ,594
Total liabilities, Nov. .l...........,. 6.45l, OH
Decrease. ............................ 1S9, ,597
Gross stocks, Oct. OBSERVATION-DISCLOSURES. 9,l9l, ,637
Gross stocks, NOV. 1................. s. So, $40
Decrease. Observation-Disclosures. 929, 7Ol
Sediment and surplus, Oct 1..... sol l53
Sediment and surplus, Nov. 1......... 2 24lO 927
Decrease. ......................... lsOI I25
Receipts from all sources in Sept... 2 ia 902
Receipts from all sources in Oct....... 2,229 1859
Increase. .......................... ia 467
Total deliveries in Sept.............2 2346 333