Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-18
COMBINE IN RUSSIA.
| The Baku Producers Forced to Limit
a Market for Their Oil.
1T is DIFFERENT IN AMERICA
That Georgetown Well Will Not Make Over
100 Barrels Day.
M'D0NALD AND ZELIENOPLE NEWS

The oil producers of Russia are emulating
| their brethren in the Pennsylvania petro.
leum fields, Judging from a London cable
tc The DISPATCH last evening, which
| says: 'It is stated that the producers of
petroleum of Baku have formed combina-
tion to regulate the sale of their oil abroad.
The railway charges on their product from
the oil fields to Batoum, the great Russian
petroleum shipping port on the Black Sea,
will be paid jointly by the combination.
They will also ship oil that will be of nni-
form quality and will fix the prices to be
paid for the petroleum"
According to the above there can be no
doubt that they have formed business CO.
partnership or combination. They must
expect to secure railroad rate, as a conlbi-
nation, lower than they can secure as indi-
viduals or private corporations. The situa-
tion in Russia has been depressing for some
time. and the present movement is doubt
less for the relief of the trade in general in
that region. The reports from the consul at
Bstoum, published in June, showed that
Russian oil had become backed up there un-
til all of the tankage was full and the ex-
porters were unable to sell it even
at very low price for the European trade.
1t is such condition of affairs which has
brought about the present movement in Rus
sia, and has impelled the producers to COM
bine and act in concert. Their stocks have
been piling up. They have no market.
They have no one to handle their product
for them, and the sum and substance of the
movement is to relieve the pressure on
their tankage, by assaulting the consumers
of Europe in solid phalsnx, and forcing
their way into the continental markets.
Different in America.
In America it is entirely different. The
producer always has a market for his oil
At any time of the year he can obtain the
national currency for his products He has
nothing to do with the markets. unless he
wishes to go into the transportation or re-
lining business for himself He is not COM
PEELED to shut down because the consump-
ton of oil is not as great as the production.
He scarcely knows OF cares whether the
markets of the world are replete with pc
troleum or otherwise. That is not his look
ont, and has not been for the last
have never been able to find a market,
but some one does. In America the pro-
ducer leaves that to the Standard Oil Com
pany which always stands ready TO receive
and pay cash for every barrel which tho
producer is able to bring to the surface. He
is not compelled to hunt for market. After
it leaves his tanks he gives u ~ more
how it will be finally disposed Of Nis
respect he has an incalculable au. %. -
over his Russian brother, which Is selcom
taken into consideration.
The Georgetown Well Small.
The wild reports sent out from East
Liverpool, O., and Beaver Wednesday re-
garding the well at Georgetown. on the
Dawson farm, caused several operators to
visit that locality Without exception they
<ha ted fbaf
published in The DISPATCH yesterday
morning. Some oil and considerable gas
were struck in the third sand at
depth of |, $50 feet. The rig took fire from
the gas and burned. After the flames were
extinguished. which was a comparatively
easy matter. the we'll was connected into q
small iron tank, and flowed between and
given in the dispatches from East
Liverpool and Beaver. Mr.. Dibert,
the well known operator, returned
that the well will not make over 100 barrelsa
day and may not be that strong. 1t opens |
no new territory, as wells have been put |
down all around it & and the held has been
stoned by the gas, which had very strong |
pressure for q short time and enhanced the |
oil output of the well.
Two More Zelienople Wells.
locality which has become particularly |
within the last week OR two is the |
new pool northeast of Zelienople. 1t is !
coming rapidly to the front, and has already |
several big wells. The field is already in its |
infancy nj ysIid and the heo,- scope Of its its
be determined. A new well which |
came in yesterday is Lockwood Patter-
sons on the Pfeffer farm, which is making
rom 25 to 80 barrels an hour. A second well,
Known as Gucl,ert 6 Steele's No. stautfer,
was added to the list yesterday. The re-
ports from it last evening were that it
els a day. Golden & Co.'s No. 8 is
still making so barrels an hour. YounkinS
Co.'S we'll on the HOLMAN farm is in the
'and. and has made several good flows. 1t
s showing for at least 20 barrels an hour.
There are several other wells in this local |
ty which should get the pay early next
week, and will doubtless swell the produc-
ion. Zelienople and Harmony are en-
oying boom which they have not known
or many months.
One Producer at Mcdonald.
There was only one new producer reported
n the Mcdonald field yesterday, although
veral we're drilling in the sand, but show
ng light The new well belongs to Thomp-
on, Haymaker & Co. and is their No. 2 on |
he Tourney property, joining the Miller
arm, northeast of Mcdonald, on the south
vest. 1t was reported to be making
barrels an hour last evening. |
When their No. l on this farm reached the
fifth sand couple Of months ago q bit was
ost, and u long fishing job commenced. The
Iell had been drilled just deep enough in
he sand to indicate a big fifth sand well,
nd all the time they were fishing it made
rom 90 to IS barrels a day. They finally lost
ope of getting out the bit and are now
rflling past the bit. They expect to get the |
ay to-day. Kennedy, Gordiner 6 Co.'S No. 4, |
fertz farm, was IS feet in the fifth sand yes
erday and showing for only 120 barrels |
ay. 1t is not expected to improve. Gordi-
er & Co.'s malt house well, at Oakdale, was
lmost through the fifth sand last
vening. 1t is not showing for more |
han a 10 or II barrel well. Kennedy, Fitz-
ibbons 6 Co.'S No. /, on the Kennedy farm
ack OF Oakdale is down LOO feet. |
he Forest Oil Companys No. on the Her
on farm was drilled through the fifth sand |
esterday and will not be better than So |
arrel well. Their No. Z Heron is in the
ig Injun.
Shot but Not Improved.
Clark & Bannister shot their well on the
Walker lot yesterday morning, but it re- ]
ponded with only one light flow. Green
,e Forst's No. Is Mevey is almost