Butler citizen. [volume] (Butler, Pa.) 1877-1922, 1895-04-25
Oil Notes.

At Oil City last Thursday Mike Murphy
ofPhiladelphia, a famous independent pro
ducer and speculator sold 10000 barrels
to the Standard at 81 GO, receiving therefor
a check calling for 1886, 900.
The only comment made that reflected
the least upon what had happened in the
past few weeks was when, handing him
,he cheek, Mr. Seep remarked, Here,
] Mixes your money; we had to mortgage
another tug 10 get it"
Although Mr.. Murphy's sale was the
largest single trade at the Seep agency
that day, there were other blocks and
smaller lots bought that compelled an out
J lay of cash of between 81, 800, 900 and Sl,-
900, 600. Among the la ger lots was a
| block of 80, 900 barrels bought as ,he pro
perty of the Kanawns Oil company from
E. II. Jennings, of Pittsburg, and 25, 900
barrels from the McCalmont Oil company
The fat price of 50 go was paid all the
day.
Friday the Standard dropped to q 40
and Saturday to 81 25-
On Monday the Standard was paying
81. 10, Tuesday 50 10, Wednesday 50 10,
and this morning 81 10.
A we'll on Turtlecreek, east of Pittsburg,
drilled some years ago, was drilled deeper
last week, and began flowing at the rate of
1000 barrels day, but it was only head
and did not amount to anything.
In the sale of oil lands production is now
held at 81 900 per barrel. Two months
ago the price of field production varied
s400 to 5000 barrel, according to the To-
cation and amount Of undeveloped terrific
ry it contained.
BoYDsTowN-The Russell d Co. well on
the Henry is still producing 40 barrels a
lay. The firm has made two more loca-
tions The Martin g. Co. well is doing 10
barrels Ferguson has rig up on the
church lot; Jack & Co. on the Hulings,
near the station and McCandleSs d Co.
nave located on the Daniel Heck.
McFadden & Co. are building a rig on
the Whitm,re; Reiber & Co. are drilling
ON the MilIinger; McGill d Co. have locat-
ed on the Robb. Ferguson & Co. are drill
ing on the Millinger.
Jacob Bippus, mile or so east of the
Henry got $500 bonus and is to receive SIS
a month rental for 81 acres. Andy HOon,
mile or so west got $2500 bonus and is to
receive a rental Tor lis acres. Reiber &
Bradner purchased three eights of Russell
d. Co.'S interests in the Boydstown field.
two wells 800 acres, for $4,000.
KEIsTER-J. S. McNally & Co. are drill
ing on the Shsffer Keister, south east of
Keister Station in Slipperyrock twp.
Mt. CHEsTNUT-Smith of Pittsburgh
has started well on the Reuben Dutter In
Connoquenessing twp. near Mt. Chestnut.
He das large bunch of leases and if sue
cessiul will make something out of his yen-
uure.
ROUGH RUE-In this field last week the
Lamont Oil Co.'S well on the Denny, Green
lees well on the Marks, and Smith 4 Cos
well on the Carvat were in the sand; and
they are all said to be total failures except
ing the Deuny which may make small
we'll after being shot.
CooPERsTowN-Smith, Leideoker & Co.'s
No. Brown is rated at 20 barrels.
The Forest Oil Co. is drilling on the
Starr, McElwaine, Potts, Knauf, Croft
and Miller farms; Collins & Heasley on the
Ritts, Parks and Buxton; The Lockwood
Oil Co on the Brown and Aber; the Davis
Bros on the Frederick; the Buxton Oil Go.
ON the HARRISON; the Thorn Oil Co. on the
Parks; Breckenridge on the Parks and the
Coxey Oil Co. on the Riffiey. Win Dixon
drilling ON his own farm in Penn.
BRowNSDALS-The rig, tank, etc. of the
Coonskn Oil Co.'S well on the Douthett
heirs burned last Friday morning.
Marshall, Burke & Co.'S rig on the S. A.
Kennedy farm, east of Mars, burned Tues
day night.
They struck strong pressure of gas in
the gas sand-just aboye the 100 foot-in
the Shanor farm WELL Tuesday.