The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-11-25
TIE OIL MARKET.
Some I.casons forn Better Nnrkct-Ceriain
- wells not no Big ms Reported. rs

Some I,easous fora better Market Certain
u Wells not no Big ms Reported.
Pli.sburCh Diipa.eh. 3.
The past week has 10 some extent been
favorable TO the producers and bull ele-
ment OF the trade. There has nothing
OF Importance transpired in this section
OF the field, and the present indications
are encouraging for better market.
The inflated reports from tho lO0.loot
district during the week had tendency
10 produce depression, but ID no to.
stance have the wild rumors material.
lied into reality. Guckert 4 Steele's
No, s Humphrey 30 far haR turned out a
bugbear, while the Jacob Dambach well
hos been overes!imated, both rs to pro.
duction and its importance upon new
developments. The Rough Run well Is
scarcely heard Of any more, while tho
Jelfere0n Center Oil Company's No. g
dry hole on the konrumpf tract and
Hartman x Sons duster on the Byrely
farm, both Of which arc located In the
Saxonburg field near the former com.
pany's big well, has somewhat dimmed
the future prospects OF this pool pre-.
scented with the advent OF the famous
gusher. The low price oil oil, together
with the dcplorab.e condition Of the
roads, Is to q considerable extent cur.
failing operations. Tho production Is
also declining, and, upon the whole,
Butler county will In all probability
presents bull!sh report on the first oil
| the month.
From an impartial view, as Wildwood
now appears, Ii would but be natural TO
conclude that the pool had reached Its
zenith. TO this conclusion There is
one objection offered, and that 10 the
possibility OF further extension 10 the
sou.hEest OF prolific territory. As pre-
viously noted in the Dispatch, the big
wells in this section arc steadily declin'
ing, and within the last forty-eight hours
have decided drop.oli. Gully &
Qucene and the Forest Oil Company
. No. ., Rolsehousc thirty acres, Is from
fourteen to sixteen feet in the sand, and
when drilling produces 4 inches, oil
about eleven barrels IN hour. Jennlng;
& 90. No. 3 kretzsr, at twenty feet In
the sand, found a email showing OF oil
and shu. down to move out the boiler
and tomorrow the well will bo drilled
In. The kanawha Oil Company's Voge
farm well is drilling in the sand be
tween eighty and ninety fec. with M
further improvement from our Last re
port; 1t is showing for from ten to
twenty-five barrel well. The keiieI
well 10 said to be in the sand, with ligh
show ing Of gas and oil, and is again s6u
down. ANN, jennings 4 Co. did no
get their No. Harbush iu Saturday, sl
was expected, bat will do 80 Monday
8 Patterson and the Forest will also &c
the first pay tomorrow in their Your!
i, No. ..
The Mellon well, on the Scott farm, a
Mansfield, will not have demo mlizin,
} effect upon the markets, unless it i'm
proves greatly with deeper drilling. Tn,
we'll is about l2 feet deeper in the sane
from where the first oil was struck, ant
is making about 100 barrels day. The
McCurdy ID still doing 400 barrels day
The Fisher well, in the Bridgeyiile field
is not showing up very well. There il
q light show of black oil in the hole, anC
, at present indications for well are moi
first clnRs. The Hickman we'll, in the
same locality, has been tubed, and will
be pumped. The venture looks like {
twenty or thirty.barrel well. The expe
riment well belonging to Guilty &
Queeno, located two and one-hali miles
north of ShaYpsburg, is reported in the
sand, but the information on this point
, 10 mcaper and not safe to gamble on
, The proprietors just at this critical stage
OF the game are not seeking newspaper
notoriety. and propose 10 know frat
what they have got before the snap is
given away. The impression lett, how.
. ever, in discussing the new venture with
those who are concerned with tits tina!
it is thought the third sand is no good
This fact to other operators gems to con.
vey altogether different story.