Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-16

The drill has revealed no astounding re-
suits in any section of the field for the past
week. While this is true in the main,
operations at Wildwood and McCurdy have
been characterized with interest, and in
third pools several important wells have
made their advent. Notwithstanding there
has been batch of new ventures completed in
the southwest district, there has been slight
decline in the production. The number of dry
holes also is a conspicuous feature in the week s
work, and in several localities where at least
ordinary producers were looked for, diminu-
tive wells and busters were found. From some
potent influence the market has deprecated
~ cents since Mondays quotations when
added to the already gloomy aspect of the situa-
tion has not particularly inspired the average
producer with frightened, lofty anticlpatlons
of new era of prosperity in the immediate
future. Just how long the present state OF
affairs will prevail cannot be predicted with any
degree of certainty, but a careful and
philosophical review of the trade in all its
ramiflcations naturally leads to the presump-
tion that the market value OF crude will not be
appreciated to any great degree for some time
to COM. Producers may as well look the
situation squarely in the face, submit to the
inevitable and govern themselves accordingly.
Taking the average production of wells in the
deep territory of Pennsylvania and West Vir-
ginia, it is well-digested fact that petroleum
cannot be produced with any profit at present
prices Taking the incontrovertible fact as
basis of argument, it seems that this result
would produce a tendency and influence to-
ward a curtajlment of operations and new de-
velopments. In other words, it means that the
individual operator whose bank account does
not show a large balance is mot in It," and
only the strong companies and corporations
will be able to drill and stem the tide.
WILDwooD-The most important feature
developed in the Wildwood field is the well of
]. NJ. Gutfy & Queene, on the Kretzer farm.
This'well is located the farthest west of 45O
line and opens up considerable scope of terri
tory which looks like wheat IN the mill. 1t will
also act as an impetus TO lot of new work in
this immediate locality. The well is located
about l00 rods little north from Evans Man.
deville & Co.'s well on the Marks farm, and
makes this firms territory, which few days
ago was considered doubtful, first class. Up to
Saturday morning this venture not show
ing good, and the general impression prevailed
that 1t was below the spot where the second
pay should be found. This, however, was not
the case, as the lower pay was tapped Saturday
early in the forenoon and started off at 35-
barrel-an-hour gait. and at this writing is hold
ing up good.
night was u feet in the sand and flowing %
barrels an hour. The last report from the Nc
Ginnis, August Kyle, well was that it had made
~ inches in $50 tank in II hours, or at the rate
OF $50 barrels day. The old FOCAL well has
been shot and the production increased from
to . barrels a day. Barnsdall & Gillespies
hress No. lSfound a second paw andis reported
as doing TO barrels an hour. On the northeast
line of the field w. P Black & Co.'S No. !, Muir
ray heirs, is producing eight barrels from the
first pay and No. 2 is doing l25 barrels day,
while No is drilling at |, $50 feet. The Smith
Farm OIL Company's No. s. Smith farm, has a
record of 20 barrels an hour and No. about
eight barrels an hour. They have commenced
building Nos. 10 and II rigs and made
ing a well on the Asher farm I2OO
feet north from developments on the
Smith. Warehouse & Co. are down 1 400 feet
with No. Whitesel The Kennedy Oil Com
A. ln+ n rna
barrels an hour. and No. 2, same lot, which
should have reached the sand Monday, has
been delayed by pulling the casing and roaming
down; No. 3 is drilling at about 400 feet Pew
e. Emerson are down 500 feet with their ven
ture on the Hardy farm, and 'Schleagle & Co.
are in the neighborhood of 200 feet on the
Fisher farm. The Forest well, on the 50-acre
Smith piece, should find the sand Monday or
Tuesday in No. s.
MCCURDY-The McCurdy pool at present is
considerable attention from the trade
in general. Three or four wells came in last
week which are all good producers with one
exception. Unless an unusual amount of bad
luck occurs, there should be completed at least |
five six more wells this week. A special late |
night stated that the Lloyd well was |
1oing 40 barrels an hour. and that the |
Dougherty was drilling in the sand and making |
It the rate OF 200 barrels day. Patterson
Jones' No 5. McCurdy. is drilling in the fourth |
sand, No. in the Gordon sand and No. 2 in the |
fourth sand. Saturday they got the tools out of /
No. 4, while No. 6 will be in the middle of next |
week and No. is down 800 feet. Their No. 2, |
Lloyd, is pegging away at $50 feet and No. 3, |
Lloyd, has just started drilling. w, P. Black & |
Co. have rig upon the Andrews and another !
one building on tine Ewing farm. The latter |
location is regarded as important, as it will in /
measure demonstrate the value OF territory 10 |
the north.
The old Riddle well is still drilling in the |
sand, but there is little hope of finding better |
digging The well will be tubed in few days /
1t looks like 20 or 30 barrel pumper Not |
that tive or six new wells have |
recently been added to the finished list the pro-
luction has declined over 1000 barrels. The |
highest days production reached was about
200 barrels while at present there are u COM
1leted wells at fair and conservative estimate
making but 2,9l5 barrels as shown i'll the ap-
pended table: