Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-09

From commercial and financial point OF
view the week opens under the most auspi-
cious circumstances. The field situation
should lend buoyant feeling to the market
and the producers have the best of reasons
to look for higher prices. From Bradford
down to West Virginia the production for the
past week has declined and unless Wildwood
and McCurdy should bring forth more gushers
it is reasonably fair to conclude that the pro-
duction will reach still lower point before the
present week closes. The output at Wildwood
is now about $500 barrels day. The old
wells are falling Off at rapid rate
and the gushers of only few days ago have
ceased to be classed flowing wells. AS the
territory grows older the caloric fluid becomes
weaker. and a flowing well to-day becomes a
pumper tomorrow. The next few days will be
full of interest on the southwest line. as some
important ventures should find the interesting
spot or the place where other wells in this
locality found their big oil. There are several
wells in the sand at this writing. but it will re-
quire another days drilling before any definite
result will be reached. A special to THE DIS
PATCH late last night was to the effect
that Mellon Galley six feet in
the sand in the old Riddle well, with
no show of oil. If this Information is to be re-
lied upon, it would seem that the chances of a
well of any impo tance are not first class il the
record of the other good wells here be taken as
a criterion. However, deeper drilling may de-
yelop an entirely different state of affairs and
reveal the fact that the well is not deep as
tho measurement makes it. Such things have
occurred before. With the exception of this
well, there is nothing else here of Importance
WiLDwooD-Tne Forest Oil Company and
QueeEe & Guilty are drilling on top the sand on
the kretzer farm and DIVA & Beers are also
several feet i'll the sand with their well on the
In the latter well the sand is of good quality
and by to-rlght they expect TO reach the first
pay. Griffith, Miller d Co.'S No. ., Ringheisen,
has stopped flowing and will be set to pumping
at once. Saturday the same company's
No. was drilling at Is feet in the sand
with no improvement from our y last :
heirs farm well is said to be drilling
near the bottom of the sand. During Satur-
day the we'll made several small spurts. The
Smith Farm Oil Company, on the Smith farm.
are looking for the sand in both Nos and
some time to-day, but II this information turns
out like past reports the time set for their ad-
vent is most likely day or SO too previous.
Black & Co., on the McMurray lot, Still
fishing fot the tools. and the Kanawha Oil
Company are building rig on the kennads
farm. sOuthwes of the Alston well, located
nearly on 450 line. Within the next day or
two some tangible facts will be developed at
the Roth Oil Company's August Kyle well.
Following is an approximate estimate OF
the production of wells and farms: The pro-
H., /,
barrels day; wells on the kolesehouse SO
acres. 200 barrels day; wells on the Ring
heisen, los barrels day; Phillips Craig &
Dunn. wells, 40 barrels day; Midland Oil
Company, R0lshehouse farm, IL wells. 800 bar
rels 4 day; Forst & Greenlee, Ashton Mol
96) barrels day; McGeagh lot Nos. l and 2,
!, $50 barrels day. II will be remembered that
No. 2 McGeagh was shot Friday and responded
az 36 inches an hour for awhile. Kees No is
making Is barrels an hour Griffith & Co.,
wells, Whitesell farm, S53 barrels day and
Griffith & Miller, RingheIsen, 5 wells, 267 bar
rels day.
BUTLER-The Butler field offers nothing es-
pecially important The l00-foot territory con-
tinues to decline in production. The past
month shows net loss in output compared
with January of over IS 900 barrels, and a total
decline in past three months of so per cent
The increasing volume of salt water and ex-
haustion of its greasy accompaniment is ac-
to those who have invested in that territory
under the fallacious argument that as long as
the water lasted oil would also remain.
On Muddy Creek, TWO miles north of Pros
pect, some interest has been centered which
has been added to in the past few days by de-
velopment of the w. o. 1nnis & Co. on the
Hockenberry farm. This well was struck
Wednesday. and since that time has been flow
ing from % to 40 barrels per day on the ground. |
Mcfarland & Co.. of this city, have completed
their NJ. 3 on the Shanor farm, which looks |
better than either of their other ventures. Its |
is placed at 50 barrels day for a
1nnis & Co. expect to start |
four new rigs at once The drilling costs less
than one-half in other portions of the county, i
ind therefore small wells will be quite profit |
lble. Another portion of the county that is at |
racing a little attention of the speculative !
element is up in Concord township, in the |
vicinity of Sunbury Some time ago Lecky & |
Cn. drilled well on the Hoover farm which |
will make 4 paying investment 1t is shut |
lown at present, with tank OF oil to its credit |
waiting for the pipe line to get In. Since then |
he Sunbury Oil Company, on the Mckinney |
arm. have reached the sand and the well is |
illed up /, 400 feet with oil. 1t was being tubed |
and Its caliber will soon be known
The Adams & Co.'S well, OH the Stoops farm,
5 in the 100-foot with d fishing job on its
lands. Lecky & Co. have commenced drilling
heir No 2 well,
Lenora Oil Company No. g. Welsh farm, near
TraZierS Mills, IS In sand, filled up and made
small flow. indication for very good we'll
1uilter & Robbitr, Eastern belt. on Mcmillan
arm is dry, Likewise Frederick, of dry hole
anne, OH the Endres farm. half mile southwest
HARMoNY-Thompson & Co., Miller farm. is
n sand and looking fair, 300 feet from the
iarsh venture, one-half mile southwest of Ze-
enope developments.
On Big creek Long Oil Company No. 5 is 5S
eet in sand without oil. No. l, Mcdonald
arm is in sand. One Hundred Foot Oil Com
any. William Anderson farm. through sand
nd shot-small pumper. Campbell & Co.. Mar
hall farm, building rig for No. I. H. Nc.