Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-18
THE E-0UTPUT GOING UP.
An Increase of 1000 Barrels in the
Production Yesterday.
WELLS THAT ARE NEAR THE SAND.
Locations Which Are Expected to Develop
Big Wells Before Long.
ONLY SLIGHT CHANGES IN THE GAUGES

There was nothing in the Mcdonald field
| Yesterday which would tend to bull the
market to any extent, but the day before
there were enough wells drilled in to bring
the output up to point which surprised
those who have not kept posted on the
field.
The output of the field Wednesday was
reported to be "a, 500 barrels, and yesterday
it was reported to have gone up to 25, 500
barrels an increase of 1 200 barrels.
The wells which were drilled into the
sand Wednesday did not count until yes
terday, when they were added to the list of
new producers, but not to such an extent
that they overbalanced the decline in the
production from the old wells.
Gillespie & Co. IS we'll on the Nicholson
lot west of Noblestown tapped the 100-foot
sand Yesterday and started to flow at the
rate of $50 barrels an hour. 1t flowed at
this rate for some time and then closed
down to 80 barrels day, which it was
doing last evening, according to the owners
report.
Greenlec & Forst, who struck pay
streak in the 100-foot sand in their we'll on
the No. 1. Marshall lease west of Mobiles
town, are drilling on down to the fifth sand.
Jennings & Coz No. 8 on the Matthews
heirs farm west of Noblestown was on the
top of the fifth sand yesterday and was ex-
pected to reach the pay at any time. This
we'll has been in a sand several times which
the contractors and owners believed to be
the fifth. but which in every instance turned
out to be above that formation.
Doing Some Fast Drilling.
Jennings, Guffey g. Co.'S No. 4, on the
Matthews heirs property. is down ], 900 feet
and the contractors are confident that they
will finish it up within the next 80 days.
They have been drilling ten days and are
now down 1000 feet.
Russell, McMullen, Guffey & Co. s No. 5.
on the Wettengel, tapped the Gordon sand
a couple of days ago, and is showing for
light well, but their No. 6 on the same farm
is showing for one of the best Gordon sand
wells in the field.
The Gillespie brothers got pay streak
in the 100-foot sand at their well on the
Nicholson lot. west of Noblestown, and
they reckon that it will do at least 80 barrels
an hour from this sand.
Greenlee & Forst are going ahead drilling
their No. Q, on the No. Marshall lease, to
the fifth sand. They also found oil in the
100-foot at this we'll.
Jennings, Guffey & Co. expect to get
their No on the Matthews heirs farm
into the fifth to-day. For weeks they have
been drilling. as they believed, in the last
sand, but as it always turned out, they have
been in something above the fifth and could
not bring anv oil to the surface when they
drilled deeper.
Almost on Top OF the Sand.
The Jolly Oil Company's we'll on the
bridge lot at. n Noblestown was drilling in
the bottom of the 10O-foot sand yesterday.
The Oakdale Oil Company's Nos. 1, 3 and
8 on the Wallace farm lots, near the Elliott
trestle, are between 1000 and 1000 feet
deep. They will be among the next wells
which the Oakdale Oil Company expects to
bring in. In their No on the Baldwin farm
they are drilling past set of tools, and in
their No 8 Wallace they are fishing for the
tools.
Nearly three miles south of Mcdonald,
Kennedy, Marshall & Co., and the Devo-
nian Oil Company are preparing to start a
well on the Cubbage farm. They have
rig up and yesterday they succeeded in get
ting tine machinery to the we'll. They will
commence to drill about Monday.
Greenlee & Forst's No. 3 on the GLADDEN.
farm, south of Mcdonald, is down about 700
feet.
The Trio Oil Company's No. 1, on the
Abraham Bell farm, located west of develop
ments, and near the Fife we'll, is down
the same property, is down about 300 feet.
The Devonian Oil Company expects to
drill in its No. 4, on the Boyce farm, to-day.
Its No. 4, on the j. II. Robb farm, is down
nearly 500 feet; its No. 6 Elliott is nearly
1, 800 feet deep and it is starting rig for
No w. B. Moorhead
Russell, McMullen & Co. s No. 6 on the
Wettengel farm is in the fifth sand and
showing for good well. Their No . on
this farm is showing rather light.
The Mcdonald Gauges.
The production of the field was $500
Yesterday, the same as the day before.
The hourly gauges were as follows: Matthews
No. g. 35: Jennings, Guffey & Co.. Heron No.
4 40; Guffey and Queens No. l Samuel Wet
more, 90: Dcvonian Oil Company's Nos. 1anda
Boyce 80: oakdale OIL Company's No. Nor
gan heirs, 20: Nos . and Baldwin, 40: Forest
Oil Company's No. l NJ. Wright go; No.
Jane Stewart, 80; j. II. Guffey & Co.'S No. l
Nancy Bell, 80: production, 25,5Go; stock in
the field, 81, 500.
The runs of the Southwest PENNSYLVANIA
Pipe Line Company from Mcdonald Wednes-
day were 26,Sl4; outside of Mcdonald. S,943
The National Transit runs were 3S 037; ship
ments, 1861 Buckeye runs, 1880: ship
ments, 47,793. Southern Pipe Line shipments,
S,4S3. New York Transit shipments, -, lC6
runs, l.sl4. Eureka runs, lies;
shipments, 2,G23.
Yesterdays Market Features.
Trading was slack and the price weak. |
The lowest point WAS touched since Septem- |
Der of lastly yoar, when the price slumped to |
5415c here and 60 at Oil City. Increased pro-
duction and longs selling were the bearish |
factors. The opening and lowest was 565sc: |
highest, 51l1c; close, SIC. Refined at New |
York was marked down to 6.3Oc. There was |
no other change Daily average runs, IS 49S; |
daily average shipments, "A, 76l.
OIL CITY, March l7.--National Transit certifl- |
Gates opened al 5654c: highest, h73sc: lowest, |
t61Sc: closed, SIC bid: sales, 5000 barrels: |
clearances, IA 900 barrels; shipments, 56 475 |
barrels: runs, 81 5e6 Earreis.
BRADFORD, March 17-National Transit cer-
tificates opened at $3.50; closed at 5Sc;
highest, SIC; lowest, 563sc; clearances, 1896, 600
barrels
NEW YORK, March H.-Petroleum opened
weak, declined Nc, then rallied 5sc and
closed steady. Pennsylvania oil-SpoG sales,
none; April option Opening, $3.50: highest,
&c; lowest, $3.50; closing, SIC. Lima oil-No |
sales; total sales, IS, 600 barrels.
GREENE COUNTIANS WED.