Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-29
A BULLISH ASPECT.
Sensational Rumors to the Contrary
Notwithstanding, All
INDICATIONS POINT THAT WAY
The Week Will be an Important One for
the Independents.
REPORTS FROM THE VARIOUS FIELDS

REPORTS FROM THE VARIOUS FIELDS
The bullish aspect throughout the field
still prevails, and nothing Of marked
character transpired during the week. In
Butler county, at Harmony and Gallery
Junction, there is considerable activity.
So far, however, there is nothing at either
point. as demonstrated by the drill, to cause
the producer anv alarm. At Gallery the
Goehring well, while good one, and which
is reported tonight as doing 25O barrels,
cannot be figured on as being the torerunner
of large production there, if our Judgment
is guided by the history of past develop
ments. At Harmony matters are too en-
bryotic to forecast future operations or de-
termine the calibre of the territory. On
general principles, however, taking the
| history of the Hundred-Foot district
| into consideration, it would seem there
might be another pool opened up here with
moderate producers, the order of things and
big wells not in it. The monthly report
shows there are 20 rigs up and wells drilling
on less than 20 acres at this place.
Another sensational report was circulated
/
DR.. Hoover near North Washington. The
we'll was said to be making 1,0U0 barrels a
| dav, but upon investigation the rumor was
found to be another mythical concoction OF
the "smart Aleck," or the interested lease
speculator.
In the old Bakerstown field matters in
| general remain very passive. On the Rob-
| ert Jack farm the CHARTERS Oil Company
completed the only well this month, which
is good for fifty barrels. During the present
week several inside wells should reach the
sand, viz: Crawford No. 2, Natural Gas
| Company No. and the new venture on the
j. Richards farm. Thompson & Dale No.
2, Mckinney, at Petersville, came in good
we'll, and according to pipe line reports is
making 140 barrels per day. The RAIDER
Oil Company were also lucky in getting a
13O barrel well on the William Bleakley
farm.
In the vicinity of Little Creek new work
has greatly slackened up, which may be
attributed to the want OF territory. On Big
Greek but very few good wells have been
brought in during the month. The best OF
the lot is owned by the Weber Oil Com
pany and is good Tor 125 barrels. On the
Peter RAIDER, A. Shidemantle and j. l..
Dambach farms there were completed
several wells ranging from so to IS barrels.
The monthly report will also show a fall
| ing off in new work and production. the
| latter: being most marked.
For a wonder Butler county has passed
through one month without bringing forth
some sensation by way of real gusher, and
| the average oil man has about come to the
conclusion that the glory OF this famous
county is fast departing.
Several wildcat wells of considerable
| Importance are in various stages of COM
pletion in ALLEGHENY county but from the
presen, status it is but fair to presume they
will have no depressing bearing on the
| markeS.
Independent ProducerI on tho Move.
The coming week will mark important
| events in the history of the independent
producers movement. The average pro-
ducer is alive to the real situation, and the
result of concerted action is looked forward
to with interest and anxiety. The outcome
| of the present uprising cannot be forseen
even by the most shrewd leaders in the
Standard rank and among the producers. 1t
| is said that just scuh movement as the pro-
ducers are now engaged in has for some
| time been contemplated by the Standard Oil
| Company. To circumvent the independent
efforts and protect their vested interests they
launched into the producing business on an
extensive scale, bought out all the big pro-
|
into every section of the country, who leased
up hundreds of thousands of acres of pros
| pective territory. II is further stated that
when the producers took the notion to go
| into business for themselves, the Standard
would throw up the sponge and say to them,
"We will no longer buy your oil-in fact, we
will throw up our franchise as pipe line
company"
The Standard will further say to the pro-
ducers: I'VE have plenty OF territory by
which we can soon raise a production to
meet the requirements of our business" The
producers meet this line of argument by saw
ing that the Standard Oil Company could
not should they operate every acre of their
leases, produce enough oil to meet the re-
quirenents of the trade, and that they were
just little fooled on the great possibilities
of West Virginia territory. An
oher important organization is
talked of among the contractors. They, too,
are realizing the necessity of a combination
for the protection OF their interests. 1t is
claimed that this class of the oil fraternity
have made but little money within the last
two years, and in this respect are about on a
basis with the producer. The new order as
now talked of is to be a secret organization,
in which each member can carry an
insurance of s., 900. The plan as now con-
whole oil regions, and every district will
have Its lodge, with the grand lodge at Pitts
burg.
News From the Fields.
WILDwooD-The Barnsdall Oil Co. No
8 Kress is drilling near the top of the sand,
while No. is from 10 to Is feet in, with no
showing of oil. Their No. is making ten
inches per hour. The McDevitt & Co. well,
on the Guyton farm, $50 feet east OF the
Rlngheisen, was expected to reach the pay
late Saturday night. Phillips, Craig & Co.
No. 4, on the Smith farm, is drilling in the
sand 35 feet. The first six days production
of this we'll was about 900 barrels. Their
No. is still fishing tor broken Bit The
production OF the Wildwood field is about
$500 barrels per day.
A Troublesome Job.
MARS STATIoN-The Forest Oil Com
pany, on the Kennedy farm, are having
troublesome job getting their casing tight.
A Report Without Foundation.
MCCURDY-It was reported Saturday that
another we'll had come in in tine McCurdy
district, but upon investigation the report
was not well founded Mellon & Co., on
the Palmer farm, near McCurdy No. 1,
should, with ordinary luck, reach the sand
this week.
A Hole Full of Brine.
CHA ARTIFRS-Tha E;sbor OiI Con,ponrNa