Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-23

We invite the attention of the oil readers
of The DISPATCH to the general situation
and outlook OF the industry. A gentleman
whose experience in the business and whose
association with the Standard Oil Company
gives him knowledge of the great subjects
now occupying the attention of the trade, said
to The DISPATCH scout that he looked for
better prices to prevail soon. In avery en-
pEatic manner he said that the year would not
pass out of existence without oil going to 81
~ have not" he said, ''the least idea that the
great staple will stay at this figure for any
length of time, but will recede as fast as it
went up. ! want to tell You that the oil situa-
ton TODAY is very peculiar. There is more
amateur capital engaged in the business at
present than ever before Within the past
year, from Allegheny and PIttsburg alone,
there has been over 81 000.0H0 invested, which
in great measure is the cause for the high
production, and upon the whole there has been
but very little money made as prices have
been so low that one has got TO strike a big well
to get out even. The demand for foreign pc
troleum is on the increase, and the time will
soon come when we will more fully feel the
effects of competition
The field situation remains unchanged. At
present there is no point of special interest, and
AT Wildwood the condition of things perhaps
has been overdrawn and made more rosy than
facts would justify. The production esti-
mated at GOO barrels day, which is mainly
that this accelerating influence OF
glycerine will soon be noticeable, and
that the wells will rapidly drop
off. II is also an unfortunate fact in this field
that the southwest line is not producing the
gushers it did some time ago, and that the
wells do not possess the staying qualities
they did when first opened up. The southwest
looks like the cropping out of this famous field.
At McCurdy it might truthfully be said that
this field is waning. and that the promise of a
biz field and large production some time ago
hnra hr,, daxr alan
ments.
BUTLER CoUNTY-Aside from the jefferson
Center district the oil news from Butler county
for the past week has been of an uninteresting
character. The low price for the commodity
and the almost impossible condition of the
roads have tendency to restrict operations in
the fields not accessible to the iron horse, and
until these matters become 4 little more favor
able the hunt for new pools will not be pushed
with the usual vlgorousness. That there is an
absence of reasonably safe territory goes with
finds something about the time his obituary is
ready to be written. The dealers in
oil well supplies report an improve
ment IN their business during the past
week, which denotes more activity in new
operations which will show up later on. The
latest field news is appended: Joseph Hart
man & Co. completed their No. TO- on the
Byerly heirs farm, Friday which proved to be
a verItable gusher starting of at 10 barrels an
hour Further drilling brought it to the 80 bar
rel an hour notch, from which, however, it
declined quite rapidly to 32 barrels, at which
figures it is holding remarkably well. Their
No on same farm, proved to be a western
edger and will not make more than ten barrels
per day. I. w. Phillips No. 4. Fischer farm
Is through the sand with 200 feet of oil in the
hole. 1t will be good for 10 or 20 barrels per day.
and from its location is rather disappointing to
its owner.
Phillips No. ], on the Burtner farm, located
several hundred feet to the north, is In and
good for loo barrels per day. His No 2, Swaney
farm. is also showing for l00-barrel well
Fisher Oil Company have rig under way for
their No. 2, knauer farm. about IL miles north
of the developed feld. with the hope of catch
ing on to the prolific streak. McMichael d Co.
2, Joseph Logan farm, still have an intricate
fishing experience. There is nothing especially
important at Muddy Creek north of Prospect
hest well in the field. with 80 barrels per diem
Inpis e. Criswelrs Hockenberry farm venture
has stopped flowing. 1t will be drilled through
the sand and tubed. There are two wells drill
ing and four rigs up at present With the ad-
We It of good roads this section of the county
will be thoroughly tested, at present impossible
to get material in. Leases have good value
on account of shallow depth, making it mex
pensive TO operate.
ZELIENoPLE-McNally & Co.'S well, on the |
Fankerd farm. is holding mp at so barrels per |
feet in sand of good quality, but without gas |
and very lite oil so far. Deeper drilling may
find the latter.
GALLERY - Fors- & Co.'s No. 2 Sta.
Piles farm, is complete at "A feet in the sand
and tubed with prospec e for only fair pun
per. Carter & Co. No. L II. d. Cashdoll =
completed at 65 feet in sand, tubing to-day;
a small pumpeI in view
Petitions containing over 5000 names of oil
producers and citizens of this county will be
sert to Harrisburg, asking that a further pro-
viso be added TO House Bill No. So excepting
the drilling and operating of oil and gas wells
from its provisions. A committee of three of
the most prominent operators doing business in
the one hundred-foot field will also go in the
interest of the adoption of this amendment
Some of the salt water, as produced from wells
will be taken along to be analyzed, showing
that it does not contain any substance deleteri-
Gus to health. Samples of the different creek
waters will also be analyzed. The producers
are alive to tie situation that an industry
employing an army of men, is being wrong
fully legislated against.