Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-12-11
A PLAN FOR OIL MEN
To Escape From the Oppression Of the
Standard Monopoly.
GOOD SCHEME FOR ORGANIZATION.
Six Good Wells on Five Acres in the Wild
wood Territory.
THE CHAMPION 3-YEAR-oLD PRODUCER

following manner, and thinks he has struck
plan which willbring higher price for
crude petroleum, and eventually lead the
producer to prosperity:
AS first step for immediate relief, that
the producers oil oil make one seller of their
product, instead OF each producer selling his
oil to the Standard as soon as run from the
wells, that he transfer his oil, or credit
for the same, to committee whose
business it shall be to secure capi-
tai to carry the oil, and loan to the
producers who require it the present market
value, plus premium or percentage Of
such value, so as to make the security for
the amount loaned beyond question. The
oil so received from the producer by said
committee in such calendar month is to be
accounted for as soon as an equivalent
quantity has been sold by said committee,
and the amount due each producer deter
mined on the average price at which the
whole was sold, less, of course, the
expenses and interest and storage paid.
The stocks of crude oil outside
of the Lima field are less than 6, 500. 900 bar
rels, and the deliveries or consumption
nearly 900 per month, so that even
supposing the Standard owns the entire
stock and one-eighth of the production, it
looks reasonable to figure that the oil pro-
duced by the independent producers at
present will be required for shipment or de-
livery to the re6neries within three months.
ut is well known that crude oil cannot
lawfully be delivered out of pipelines or
used in refneries until the parties desiring
such delivery surrender certificates or other
evidence of ownership of the oil, and the
trrfao n. e.
cation to determine whether the provisions
of the law regulating pipe lines have been
observed. 1t is also understood that rates
of storage have been pledged by the pipe
lines while the market value of the oil is
below 81 so per barrel. 1t would, therefore,
seem safe to use for the purposes of present
relief the storage facilities Immediately
available. The collateral security for the
capital would be the certificates for the oil,
and, if necessary, the producing property.
If united action of producers could be
manifested in this way, I am sure it would
secure better present value for crude oil,
and would be stepping stone TO securing
capital to build. storage tanks. pipe lines,
cars, refneries and seaboard terminals-all
the facilities necessary for successful COM
petition in marketing oil.
'When producers will put themselves in
position to guarantee supply of crude oil
to any present outside refinery, or any re-
fnery which may be built, then they can
surely expect competition in the buying
and marketing of their production, and that
the value of their production will be regu-
lated by the laws OF trade, and not. as now,
fixed arbitrarily by a monopoly whose pol
icy is to acquire the producing property by
driving the independent producer to ruin
while it pockets profit on every barrel of
double the price paid for the crude OIL
1.-The independent producers recently lost
from their ranks some strong men by the
purchase OF their property (and probably
Igned VIII It was necessary % do fhis be.
fore inaugurating the system of oppression
now in force and thus weaken the opposi-
ton. Since that purchase the market for
crude has constantly been reduced, while
the price of refined has been maintained.
Is any one deceived as to the real object of
the monopoly purchase Of these large pro-
ducing companies? I do not be-
lieve that the remaining independent
owners of property and producers
of oil in Pennsylvania will suffer patiently
to be defrauded OF their property by the
same deceitful, hypocritical methods en-
ployed in the Ohio field to depress values
and force disposal of the producing terri
tory" ...
Six Good Wells on Five Acres.
WILDwooD-The Forest Oil Company,
Standard, and Guffy and Queene brought
in their No. Rolsehouse, 80 acres, to-day,
which is good running mate for the Gov
ernor Pattison. A special from Wild wood
tonight SAYS the we'll is 81 feet in the sand
and making round 100 bar
rels an hour. This makes six
wells located on about five acres which are
making one-half OF the entire production of
the field. The Governor Pattison was agi-
tated to-day, which temporarily increases
its production to 81 inches an hour. Barns
dali & Co.'S No. 3 Zeigenhein, which
started off at 55 barrels an hour, a short
time ago, is now doing only five inches an
hour, while their big we'll on the Kress is
tonight as doing but Is inches an
hour. Greenlee & Forst shot their No. 2
Biddykeeper to-day with unfavorable re-
suits. Captain & McMahone are building
a rig on the Keyle farm, located one !ourth
of mile southwest from the Ringheisen
producer. Finegan & Downipg's Wallace
farm well is nearly due, but owing to split
casing it will not be brought in Tor several
days.
The Champion Old Well.
WAsHINGToN-John McKeowu, who,
by the way, is lying at the point of death
at his home in Washington, has a we'll on
the Martin farm three years old, which has
produced more oil than any other well
ever drilled in the oil country, for the same
time. Fifteen months ago the well had to its
credit over 800, 900 barrels of oil, and is now
making so barrels day. A singular
feature about this phenomenal we'll is
that for nearly six months it did
not produce more than IS barrels day,
at ,r;f h,,
ever being done to the well, it started UP
and increased the production to 80 barrels
day. From the best information obtainabe
the aggregate production of Washington
county oil since the field was opened has
heen about 10000, 900 barrels. There has
been material change in the gravity of
this oil since the discovery of the fourth and
fifth sands The general gravity prior to
production from these sands was 49o, while
1t present the mixture OF oil from the above
sands with the Gordon and Gantz gives it a
gravity of 45To. Five hundred barrels of
itth sand oil, it is said. will discolor 10000 |
barrels of Gantz sand oil.
Big Strike at Wellsville.
WELLsvILLE-The Advance Oil Com |
oany's well, 400 feet west and 800 south of the |
Ohio Valley Gas Company's No. 1, is in |
Ind dry. From the revelation OF the drill |
10 far this field may be sized up as composed
If pools of small proportions. Staley & Nc |
Donald have rig up one location east |
rom No. dry hole. but will not drill the |
we'll until at least two others now drilling |
IN this locality are completed. The Ohio
Valley Gas Company have made two more
ocatiops and are moving the rig from their
No. dry hole to No. 4. Standard repre-
have been here from the Lima
ield, sizing up the situation.