Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-24
Will Never Join q Shutdown.

1
| Will Never Join Shutdown.
Captain NJ. Finegan, Of the Devonian Oil
Company, said yesterday that he had not
| signed the shutdown agreement and did not
| intend to do SO. I'VE are shut down as
much now as we would be by sig ming any
| agreement" he said, "and after the
| last movement Of this kind I said 1
would never go into another such arrange
ment. do not see how 1t will benefit any
one, because there is much of u shut.
| down now as they could get by binding
| themselves not to put down any more wells.
We arc bodybuilding any rigs, but some of the
| operators who have leases adjoining ours are
coming pretty close to our lines, and to pro-
| tect ourselves we may have to put down a
"After McDonald is thoroughly drilled over
the only spot can see whore much Oil is
likely to be produced is at Sistersville. 1t is
in its infancy yet, and it is hard to tell what
may be opened up before the summer is
past.
"One OF tho features which is working
against the shutdown movement here Is
the fact that some of the members of the
leading oil companies that are clamoring
Vile drilling wells and putting up rigs as
fast as possible"
Colonel P. NJ. Shannon, an oficer of the
Producers Oil Company and the Producers
Protective Association, does not favor the
shutdown idea.
Independent Refiners Opposed to It
Even the independent Iefiners discourage
the movement. They have always been the
hope of the producers, and are looked upon
as allies. The reasons given by them for op-
posing the movement are simple and forci-
BILE. They claim that in case tho shutdown
should result in higher price for crude. the
Observation-Disclosures would be compelled to
pay the advance, and compete with the
Standard refneries which have big stock
of cheap oil on hand.
There was report published yesterday
morning in a couple of contemporaries to
had gone to New York to consult
the Standard, Oil Company OH
cials in regard to their Joining the
tion as a canard. Ali the members of the
alleged committee were in Pittsburs yester-
day.
barrels yesterday, and was estimated ata5,
500 No new wells came in. and the boom
was due to the agitation and shooting of old
wells. The Forest Oil Company's No: NJ.
Wright went from 20 to so barrels m
hour as reported in THE DISPATCH yesterday.
Guffey s. Co.'S No. McMichael increased
from 40 to 20 barrels an hour: Greenlee q
Forst's No. l McMurTay went from 25 to 90,
and Bell No. 7 was restored to the list of
those making 90 barrels an hour. Greenlee
IS Forst's Nc. / National Coal Company
dropped below 20 an hour.
Top of the Sand Was Dry.
Brown Bros, Robson Co.'S No. Nc
Murray was four pits in the fifth sand at
noon yesterday without getting an increase
from the Gordon. 1t was not, however, con-
demned as dry. as some of the other wells in
the vicinity did not get the pay until they
were in from 10 10 IL feet.
The Devonian Oil Company's No. Real
Estate was in the fifth yesterday, and show
Gutffey s Co.'S No. McMichael in Nc
Curdy was reported to be showing for o
well in the fifth.
The New York Oil Company will shoot its
No. 2 on the Fife farm tomorrow.
The Forest Oil Company's No. on the NJ.
Wright farm is due this week. They have
had to move the rig and start a new hole in
No. Rachel McGregor, as the tools dropped
from tho top of tho first hole to the
Gordon sand and could not be Jared out.
Their two wells on the Scott properties will
not he in before next week. No. ], ON the
Gregg is ready to case.
Tie well on the Noise farm, mile south
of Willow Grove, was on top of the Gordon
yesterday and the boiler was being moved
Friday Keil 8 Cos No. ]. on the
ss hole of No. fa of JUNK snd it had to
The Hughes Oil Company is cleaning out
its old wells on the Hughes lot, and the
McHenry lots off the Moore farm in South
west McCurdy.
Gillespie Bros. are down 1000 feet at No. Q
Jane Riddle in the McCurdy field. .
Patterson & Jones' No. ! Terrence is duo
tomorrow, and their No. Finale Is due this
week. also MilIison & Co.'s No. Henry
Shaffer.
S1srERsvILLE-Gaffney& 4 Co.'s well is al
most through the sand and dry.
Tho Mcdonald Gauges.
The following estimates were submitted
by the gaugers of the Southwestern Pennsyl-
vania Pipe Line Company:
The production of the field was q. 500, 1,500
more than the day before. The hourly gauges
were as follows: Matthews No. 8, 20;
Oakdale Oil Companys Nos. and 3
Baldwin, 20; Forest Oil Company's No. l
Jane Stewart, 45: No. NJ. Wright, 60; Guffey
s Co.'S NOT Bell, 20; No. 2 McMichael. 20;
Forst & Greenlee's No. McMurray, 80; De-
vonian Oil Company's Nos. and Boyce,
IS. Stock in field, 5l,00J.
The runs of the southwest Pennsylvania
Pipe Line Company from Mcdonald Fri
day were % 7SS; outside of Mcdonald, l0.l75
The National Transit runs were 80 954; snip
ments, 1880: New York Transit shipments,
81 $50. Macksburg division of the Buckeye
Pipe Line Company, 1,9i0. Buckeye runs,
4s, OILS: shipments, 5l.26o; Eureka runs, 6,552
shipments, S3l. Southern Pipe Line ship
ments, 1922.