Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-28
NEWS OF THE DRILL.
LATEST REPORTS FROM THE PRINCIPAL
FIELDS


as Formerly-Anxiety and Interest Still
Prevail in the Wildwood Region-New
Well at Coraopolis.
ESPECIAL TELEGRAM TO THE D1sPATcH.l
MANNINGroN, October 27.-Manning-
ton, the bear OF the southwest, has not
demonstrated any peculiar traits of
character to entitle it to this
distinction. In fact, the months
work conclusively shows that the
field, so to speak. bas retrograded as COM
pared with the report so days ago. John
McKeown and the South Penn Oil Com
prny have either locked horns or have but
little faith in the territory in the vicinity of
the Beatty farm. A month ago the produc-
ton was in the neighborhood of 1000 bar
rels day, while at the present writing
], 100 is regarded as high estimate. The
same tendency is noticeable here among
producers as elsewhere, to pound ahead
regardless of the unfavorable outlook Of the
market and the increased cost of drilling,
in consequence of bad roads and weather.
This activity is the only bearish feature in
the field, as the work now in hand is larger
than If was so days ago. Three dry holes
mark the danger line, and from theoret-
ical standpoint number of those that are
now drilling will extend this boundary.
One important feature is the absence of big
wells, which has hitherto been attributed to
this territory by the impecunious lease
scalper. The average ca!iber of the wells
completed is hardly up to the Mount
Morris standard, and it will require
time and patience to get the money
invested back Tie South Penn Oil Company
completed No. . Furbee, which is good for
80 barrels, and have four more drilling and
one rig up on the same farm. The same
syndicate, on the Rvmer heirs, completed a
17-barrel we'll, and are drilling two more at
400 and ], $50 feet. On the Smith farm they
scored dry hole on No. l, but evened up
on No. with a 100-barrel producer; their
No. Smith is down 1850 feet On the
Falkington farm they have one rig up, one
on the Price and have one drilling on the
Helow, one on the Floyd, one on the Seine
and one on the Dodd. Their No. 1, on the
Amos, is only good for 35 barrels, while No.
is drilling at 800 feet, and No. 1, Blacks
heirs, was duster of the first water.
At Fairview, the same company is down
200 feet with Yost No. 1; Yost No. 2. $50
feet; No. Yost, 800 feet and on the Jones
and Cennent farms they are drilling two
wells which are down 600 and 500 feet re-
spectively. McLeoud & Co., on the Yost,
are drilling at 1,490 feet, while Sutton &
Co., on the Sutton lot, are down LOO feet.
Montgomery & Co., on the Hamilton,
finished an S5-barrel we'll, while the Logan
Oil Company. on the Kennedy, got duster.
A number of leases have recently changed
hands at good figure, and there seems to
be more money in the speculative deal than
in operation. c. A. Braden, who has been
IL. -. i -
of the Southwest Pipe Line, is giving the
best OF satisfaction and is highly deserving
OF his new honorS.
WILDwooD-Anxiety and interest still
prevail in the Wildwood field. There was
nothing done at the Ringheiser we'll on ac-
count ct the pipe line not having made con-
nection to the tank. Drilling, however,
will most likely be resumed some time to-
MORROW. The speculation to just what
depth the well is IN the sand is considera-
BILE, and there is a great difference of opin-
ion among the bull and bear producers as to
the caliber of the we'll. The Kanawha Oil
Company's Fogel well should hit the sand
in the near future, but as John Galloway
has practically abandoned all hopes of find
ing payiHg investment, Interest in
the venture is somewhat lost. The Marshall
Oil Company and HALEY well is peg
ging away in the bottom of the sand, which
shows no change from yesterdays report.
Forst & Greenlee's No. r. Rolsehouse,
within the past "a hours has greatly de-
elined.
CoRAoPoLIs-Gaily & Mellon, on the
McKowan farm, brought in a vel! tonight,
which is showing good. The Augusta Oil
Company completed No. 1 Neely to-day,
which is only good for seven or eight barrels
a day. H. Nc.