Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-20
AKENTUCKY OIL BOOM
The Southern Field Proves Big Sur
prise to the Operators.
SAID TO BE SUPERIOR TO HOME OIL.
Thousands of Acres Leased and Wells
Drilled by the Score.
PITTSBURG SUPPLYING MATERIAL

Isaac Richey, representing number of
| Pittsburg capitalists who have 5000 acres
of land leased in the new Kentucky oil
field, returned to the city yesterday, after a
several weeks stay in Kentucky. He
brought several samples of the Oil with
him, which has been pronounced to be of
an excellent quality.
A great deal of excitement prevails
| among the citizens of Barren county over
the valuable discovery. Everybody talks
oil by day and dreams about it at night.
Mr.. Richey brought samples of the South
ern product in its crude state as we'll as
samples of it after being refined He is en-
thusiastic, and thinks Southern kentucky
will excel the oil fields OF Penn
quality of her oil in a few years.
SUDDENLY STRUCK THE GREASE.
THE DISPATCH has contained several
favorable reports recently regarding the de-
velopment OF the Barren county field.
There had been a we'll successfully operated in
that locality for the last Is or 20 years, but
those bored within the last few years did not
amount to much, and many people had about
concluded that it was too far south, when the
operators suddenly began to strike oil in pay
ing quantities and of a superior quality.
Recently it has been discovered that oil can
be secured in sufficient quantities to supply the
entire Southern market, and of better grade
of oil than either the Bradford or Washington
product. Other advantages lie in the decreased
cost of production. Regular ''gushers" are
yielding from $50 to $50 barrels per day. The
big one on the Winlock farm, reported in THE
DISPATCH some days ago, which burned the
derricks down and threw oil several hundred
feet in the air, is said to be doing 900 barrels
per day.
NEW Wells nRJTTFn
The refinery at Oil City is in operation and
oil is being placed on the market. New wells
are going down all around the refinery, and
every few days oil is reached in some of them.
The discovery is of great benefit to Kentucky.
1t is regarded as absolutely certain that the
base of the southern supply will be transferred
to the new territory, and that the oil market
of the country will experience revolution.
The only question that arises as a possible
hindrance to the permanent success of the
at which oil is found. In some of the wells it
is reached at the depth of $50 and 100 feet,
while the big Winlock well is hut 800 feet, and
none of the holes are below 500 Mr.. Richey,
who has been an operator and speculator for 20
years, and who has visited every oil field in the
whole country, expresses the utmost conf
dence in the staying qualities of the field.
WHAT PITTSBURG IS DOING.
The Kentucky Southern Oil Company, com.
posed largely of Pittsburg capitalists,
have leased a large amount of terri
tory in kentucky and are putting
down wells in hurry. Pittsburg is sup
plying the greater part of the casing and other
supplies used throughout the entire field.
The Kentucky field is favorably located for
marketing the oil. 1t is within easy reach of
competing lines of water and rail transportation
at Bowling Green. 1t issbO0 miles nearer in
point of distance to the great Southern and
Southwestern markets. Owing to this compe-
tition it is free from possible arbitrary rates of
and win in, fraD rfotin
well as that of production will be a large profit
on the oil sold.