Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1895-08-12
AMONG THE OIL FIELDS.
A Review of the Developments During
the Week.
The Principal Strikes Were the
Dye-B, ooks No. 2 and Johnsons
Well Near Aliddlebourne - The
Report Of the Pipe Line Company
for July-Field News.

y
some new territory opened UP, but tne
excitement was not nearly so great as
of the week before, for the reason that
the wells drilled were not as large ana
the territory not as good. The hrst
important event of the week was Ihe
well drilled in by the South Penn vi
Co. in the Flat Run district. This We'll
was reported in the dispatches sent oua
to be good for 1000 TO 1000 barrels per
day. when the fact of the matter IS the
well never did over 900 barrels. This
well is said to open UP quite scope o.
practically new territory, all OF which
looks very good. The second strike OIL
the weekwas thatof Johnson and others
on the Riggle farm about two miles
back of Middlebourne in Tyler county,
This we'll was something of a surprise
from the fact that several wells had
been drilled formerly in the territory
in that section and all of them were
either dry or too small to make paying
producers. The latter we'll opens up a
scope of territory of several miles IN
dimensions, and will probably snmu-
late operations on the West virginia
side of the Sistersville field
The most important strike OF the
week was that of the J. T. Jones CO. at
their No. 3 on the Dye-Brooks farm Out
on Middle Island creek southeast Oh
Sistersville. For the past ten days
the territory in that section has been
looking very bad, caused by the two
wells on the Thoburn farm being dry,
or nearly so. The Dye-Brooks NO Z
coming in good, for it is estimated at
about 300 barrels a day, makes that
section look a great deal better and now
the operators are sure in the OPINION
that the pay streak extends IN an east
erly direction. The Thoburn wells
practically killed II on the western eX-
tension. and the Morgan well on the
southern. therefore the only way the
field can extend is to the north or east,
and the No. 2 coming in on the east
makes it look as though that was the
proper course. There is now every 'rea-
son to believe that a good pool Will be
found to the east Of the wells ALREADY
drilled in that section.
Another well in the Middle Island
district of more than ordinary import
portance that was drilled in during the
week was that of the Kanawha Oil Co..
on the e. and II. Williamson farm.
This we'll reached the sand Thursday
evening, but up to last night 1t was i'm
possible to find out whether or not 1t
was good. The owners Of the well
were on the ground when it was drilled
in. and kept it we'll guarded, not al
lowing any one 10 come near 1t. The
general opinion is that the well is
good one. although it will not likely be
as big a we'll as the Dye-Brooks NO. l,
as has been reported.
The excitement on the Ohio side OF
the Slstersville field continued all week
and there were hundreds of people
out there to see the big gushers.
The wells. with the exception of the
Deist. are all holding up to the pro-
ductiOn credited them in the Registrar
several days ago The Deist well is
said to be slightly increasing its out
put. Should this prove to be fact 1t
would indicate that the well was in tha
best part of the pool and that the Deist
farm was gilt edged.
There IS a big lot of work going on
in the Dog Skin district now and with
in the next twenty days there will be
about thirty to forty wells due. Every
person that can secure a small lease IN
that section is making arrangements to
nut a well down on 1t and as conse-
uuence the oil we'll supply houses and
the lumber dealers are reaping a rich
harvest. The coming week does not
promise much now for the reason that
there are very few wells of any import
ance due The only well due now is
that of Moses & Ernest on the Alexan-
der Mills lot. southeast of the big gush-
ers recently drilled in over on Dog Skin.
There are a few other wells due during
the coming week, but they are in de-
fined territory and Of very little i'm
portance aside from the amount of pro-
duction and that only interests the
pipe line companies.
The other fields of the State outside
of Sistersville and Warrington present.
ed nothing worthy of note during the
week just passed and there is nothing
on the tapis for the coming week.
The monthly statement of the July
business of the oil pipe lines was issu-
ed Saturday. The number Of national
transit certificates has been reduced TO
179. which represents that many thou
sands of barrels, and the credit balan-
ces have increased TO 1,0S4000 barrels,
so that the decrease in July was $4,000
The credit baynces at the same time
were 7S3, 500, and their increase was
300.500. This shows that the increase
of certificates exceeded the increase Of
credit balances by SO, 500 barrels. The
total net liabilities of the National
Transit Company on the first of August
then was 100000 barrels, against l.
346 500 on the first Of July, a decrease
of $4,000.
There are two ways in which the
change of the difference between the
certifcats and the credit balances may
have been effected" says an exchange.
"The Standard held most of the certif-
Gates that were out, and it may have
simply turned them into balances cred
tied to the purchasing agency, and then
cancelled them, or it may have simply
used the oil, cancelled the certificates
and allowed the credit balances to &c
cumulate by purchase. 1t must be IN
derstood that not all of the credit bal
anees belong to the producers. When
they are purchased they are simply
transferred to the credit of the purchas-
ing agent and continue to be carried
as such until they are shipped to the
refinery.
The real. point Of the foregoing figures
is in the fact that the net stocks Of the