Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-03
OIL MEN ARE HAPPY.
A New Years Rise In Petroleum
Prices the Cause of Their Joy.
THE M'DEvIT A WE'LL OF PROMISE.
New Life Is Infused Into the Old Mur-
rinsville District.
IMPORTANT SALE OF OIL PROPERTY

The advance in the market to-day caused
the producers to wear happy smile. 1t
was the general subject of conversation
among oil men, and the prevailing opinion
was that the new year had opened under
the most auspicious circumstances and that
new era Of prosperity was about to dawn
upon the trade. There was no particular
reason assigned to the appreciation other than
that of the principle of supply and demand.
That higher prices are likely to prevail is
almost certain unless the mad rush of the
festive drill should develop untold rivers of
oil.
The New McDevitt Well.
W1LDwooD-The situation on the south
west line of the Wildwood field practically
remains unchanged. The big gushers have
declined but very little from yesterday, and
the chances are that as soon as the pipe line
can take care of the oil and the gushers
be drilled deeper the production will be con-
siderablv augmented. Apipe line officials
estimate of the production yesterday was
L. 900 barrels, while more conservative per-
sons conversant with the field thought that
13, 500 was a fair estimate.
The McDevitt well, on the Guyton farm,
is reported as doing ten barrels an hour,
with the sand penetrated but little way in.
There is diversity of opinion among oil
men concerning the possibilities of this
we'll. The owners are sanguine that when
drilled deeper it will make record as great
as the Kress and Harbush gushers. The
character of the rock would certainly give
some credence to the claim, as it is OF
superior quality, and as good as that found
in the big wells on the southwest line.
r.
Dewitt may possibly, when drilled deeper,
increase its production for brief period,
and will soon blow itself out; in other
words, the we'll has been scheduled as an
east edger, and before this theory can be dis
posed, the well must make record to the
contrary.
No Improvements Yet Visible.
HARMoNY-Intelligenc from the Duffy
we'll to-day is to the effect that the well was
still drilling in the sand, with no improve
ment. Should this venture come in duster,
it will give the Harmony annex of the One
Hundred-foot district black optic.
New Life at Murrinsville.
Some new life has been Infused into
the old defunct Murrinsville pool by the
recent strike of 12-barrel we'll by Messrs.
Snee & McKeIvey, half mile southwest
on the Morgan farm from the first well
drilled in the field. This we'll apparently
has opened some small territory. The same
parties are drilling three more wells in this
locality, one of which is located on the Mrs.
E. f. Murrin farm, 800 feet east from the
Thompson gasser, and should get in some
time next week. Some interest is attached
to wildcat we'll drilling one and one-hslf
farm, which will most likely be in to-
morrow or not later than the first of the
week.
A Boiler Explod Is.
wEsTvIEw-Th, boile. at the Breene
drilling well exploded last night about 6
o'clock, wits terrific force; but fortunately
no one was injured. The tool dresser had
Just lett the boiler and was entering the der
rick, where the driller was at work, when
the explosion occurred. The boiler was y.
old one and had been in use for some tim .,
ana high pressure is assigned as the cause of
the explosion.
A Big Sale of Oil Property.
To-day a large sale of oil property was
consummated between the Augusta Oil
Company, of Pittsburg. and Il. o. Emerson
and W. P. Black, of Titusville. The party
of the first part sold the representatives from
the Queen City a part of their possessions in
the Coraopolis field, consisting of 160 acres
of lease, with nine producing wells, hav-
ing production OF about 150 barrels day.
The consideration is between S65, 900 aud
$4,000.
The Orion Oil Company's well, which came
in yesterday on the Logan farm at so barrels,
is holding up we'll.
No Change at Mansfield.
MANsFIELD-No change is to be noted
in the McCurdy pool, and it will be several
days before there are any new wells due
here. Mellon & Co., on the Palmer No. 1,
1000 feet north of the old McCurdy, got a
dose of salt water in the 100-foot, which they
are now shutting off with ~ casing. The
Kanawha Oil Company, on the Lenton,
will, if everything works well, be the next
we'll due. The Riddle well has got casing
in again, and the we'll is now drilling at
~ ~ AlE0 @-