Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-01
CRITICAL SITUATION
Of the Oil Interests, Unless the Pro.
duCerS Take United Actien.
FINAL FIGURES FOR NOVEMBER.
Wildwood is Largely Responsible for the
Increase Shown.
ONLY ONE FEATURE THAT is BULLISH

At no period since the producer was bull
dozed into the shutdown movement has he
become SO clearly able to comprehend the
grave and critical situation of the petroleum
industry as the present time. he is begin
ming to realize the vortex of ruin his mis-
placed confidence has drawn him into, and
the bitter lesson of experience is finally
teaching and pointing out to him the evil
tendencies and baneful results of corporate
power.
The producer is now confronted with the
stern realities of a forbidding future and
finds himself corralled with obstacles which
can only be surmounted by a combination of
their interests and power. A careful and i'm
partial survey of the trade in all its ramIfica-
tons surely does not justify the present de-
pressed situation, and the only logical con-
clusion to be arrived at is the INSCRIPTIONS
manipulation of the powers that be. The sys-
tematic policy Of the Standard Oil Company
and Its allies. inaugurated with the birth of the
Producers Protective Association, to assume
control of production and territory, squeeze
out and force to the wall the small producer,
has since then been steadily and surely carried
out until he is now, practically speaking,
within the power of the monopoly.
While the Satterfelds, the Tavlors, the
Mckinneys, the Phillips and other large pro-
ducers had a legal right and were at full
liberty to sell their production and territory to
the highest bidder, yet they are morally respon-
sjOie for the present state of affairs and are
condemned by public sentiment for aiding and
abetting the criminal policy and Vaccinations
of the Standard monopoly in selling to them,
thereby contributing to AMI rendering more
absolute their power. When all the big fish
are caught, what is to become of the small fry?
While the field and commercial situation
justifies a much higher market, the signs at
fnV q hA n o. and ha
power behind the scenes has cast the shadows
OF coming events. Within the last thirty days
the markeJ has deprecated about l3 cents on
the barrel. which has made the road of the
average producer hard one TO travel indeed,
FOREIGNERS INTERESTED.
There is some hope, however, that their con-
dition may be ameliorated by the infusion of
foreign blood into the trade. Several promi-
nent producers have interested foreign export
ers In the city of New York as buyers 1t is
said that our foreign friends have offered the
producer the market price for their oil with
and will pay Is cents premium over the Stand
ard if they will deliver it to racks the Balti-
more and Ohio Lake Shore and Pittsburg and
Western railroads. and will also allow the pro-
uucers 10 cents for plpeage. The exporters say
they will furnish their own tank cars and agree
TO take 10000 barrels day. As the Pittsburg
and Western is operated under the Baltimore
and Ohio system this would be a grand oppor-
of the Wildwood and Butler county pools.
They would not require vast amount of capf-
tai TO build lines from the wells to the road.
This looks like 4 feasible plan.
Below we present figures showing what
has transpired in the important pools of the
Southwest for the past 80 days. While the
tables of all the districts do not appear, statis-
tics have been carefully gathered which show
that in the Is Southwest pools there were coT,-
pleted in the month Just pastl32wells . of which
were dry, leaving 10 producers, with a new
production of 7.SSS barrels day. As compared
with October this is a decrease of q completed
wells. l6 dry holes and an increase of new pro-
duction of /. 796 barrels per day. At the close
of November the report indicates 242 drilling
wells, 81 rigs up and building, making a total of
S24. At the end of October there were 2S7 drill
ing wells and ITO rigs. total of 397. This shows
a decrease in drilling wells of 45, a decrease in
rigs Of 2S, and total decrease of 70, which is
the only bullish feature fOr November.
wLDwooD's INCREASE.
Wildwood is mainly responsible for the in
creased production which is owing to the big
wells on the southwest line of the field. The
pool, however, has unquestionably reached Its
eliminating point and is now on the decline.
and so days hence there will be altogether
different state of affairs to report. The high
est aggregate product attained was about r.
600 barrels day, but at present the total out
pat will not exceed 5000 barrels.
The report shows there we've IS wells finished
NN7ASA1
have a new production of 1000 barrels, which
is an increase over October Of 500 barrels
day and an increase of five completed wells
and one dry hole. There has a,SO been conSid-
erahle of an increase in new production in the
old Turkeyfoot field, where a number of good
wells are found.
Manning has not cut conspicuous figure,
and che great hurrah of a short time ago has
subsided. There have been no new features de-
veloDed here, and the most remarkable point
about the reports is the small number of wells
finished and their light caliber. There were
only eight wells completed and of this number
one was dry, the other seven having produc-
ton Of only 263 barrels, an average of 375 bar
rels to the well Eureka and Belmont are in
sympathy with their West Virginia neighbor
and only show a new production of 40 barrels
the product of 10 wells. This as compared
with October report is decrease of ], 225 bar
rels. while the total daily production of both
Belmont and Eureka Is approximately 2500
barrels
The Belmont side of the river has been pretty
clearly defined, and all hopes OF keeping up
production is centered across the river in Ohio
and at Newport. AT the latter place during
the month Duncan d Co. struck well which
has been producing % day from the shale or
thin sand. The new strike has stimulated
some new work and just what this territory
will amount to remains to be seen. With the
light showing of the Scott well the excitement
and interest in the new Mansfield pools has to
great extent expired
unknown DIMENSIONS.
The McCurdy well has unquestionably dem
onsJrated the fact that there possibilities of
pool, but of just what dimensions can be better
determined when the wells now drilling come
in. At present the Woodville well does not
look ike promising venture. yet there is
chance for it to be a well. Bott & Co.'s new
strike at Brghtwood is too embryotic to
draw conclusions from 1t. The present status
of the well, however, indicate a good pumper
while the chances are fair for somthing better
Friday the well made a four-inch flow, but has
since remained in statu quo. There has been
nothing OF an important nature developed in
Butler county during the month. The Jake
Dambach well has not turned out as was eX-
pected it would, and is now making only nine
barrels day.
Some importance has been attached to the
Harmony well. which started few days ago at
40 barrels day. Those who are thoroughly
conYersant with the l00-foot territory are of the
opinion that it will develop a little pool all by
its ownself with wells of moderate size. The
report shows both decline of production and
new work. The only feature of the middle and
northern fields is the falling off of operations and
production. and should the present low price of
il prevail we venture the prediction that
operations for the next month will be very slim.
Following are the figures of the financial pool
which tell their own story:
Wildwood.
WELLS DRILLING,