Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1895-12-20
| GOES DOWN IHREE CENTS
Oil Takes a Small Tumble from the
Standing Price.
Operators Show Little Interest in
the Drop, as a Rise is Expected
Soon Unless Production Takes a
Sudden Spurt-Great Excitement
in the Neighborhood Of the Riggee
Well - News from Doddrldge
County About Parkersburg.
Special to the Register.

Special to the Register
Sistersville, w. Va, December 10
Once more the gresy stuff has started
down the line, and at about 1:30 this
afternoon the price paid for oil at the
purchasing agency at the Eureka pipe
line office was $1.47. This is decline
of three cents. The decline did not
cause a great deal of comment and
operators seemed Indifferent about it.
The general opinion is that the price
will have TO go up later, if the produce
tion is not materially increased soon,
and the most of the operators who can
afford to do so are holding on to their
oil and are waiting for better prices.
Garland & Hays's Archer No. is in
and reported to be as immense a salt
well as the world-renown No. on the
same lease.
The Union Oil Company's Holmes No.
3 was drilled into the Keener and to-
day is standing full of OIL 1t is thought
this well Will make a good pumper.
I. d. Ham & Co. have a rig up for
their No. l Bowles. A rig is also COM
pleted for Jones No. 3 on the Hill farm.
Operations will begin on these wells at
once.
The South Penn Oil Company has To-
Gated a well on the Lodi farm and the
rig will soon be completed.
III NOM -, +b;c ,o,.+ .
the field seem to be pointing northeast,
on line with the Dye-Brooks and Mar
tin wells.
McFadden & Co. have completed their
No. on the Norris farm, and it will be
tubed and pumped at once. This is
supposed to be a good well.
Moore & Co.'S No. on the Zipf,
across the river, will be due in the
sand tonight or tomorrow.
Andrew Bruner and DR.. w. F. Stew>
art, of this city, have leased the farm OF
V. B. Bell, consisting of 80 acres. in the
Waverly field, in Wood county, and will
make preparations at once to drill a
well on it.
The excitement out in the vicinity of
the Riggle well, near Middlebourne,
continues, and all the available leases
within several miles of the we'll have
been taken up. Already ome OF the
leaSers have made arrangements to drill
and 1t will not be at all surprising il
there was a good deal of work done out
in that section during the next two
months. The farmers are reaping a
rich harvest off the leasers and some
big rentals and bonuses are being paid.
Yesterday j. w. McHenry leased a six
acre piece to the South Penn Oil Com
pany for bonus of 800 and a monthly
rental of $25. Miss Mary Stea!ey also
leased her land to the same company
for 5000 and a good rental. 1t was re-
ported here this evening that the Rig
gle well had been put to pumping and
that it was working at the rate of 90
barrels a day.
L. J. Murphy & Co. have made a Ioca-
tion and will commence building the rie
in few days for well to be drilled ON
the L. L. Stealy farm, close to the Rig
gle well.
The casing was taken out of the Stew
art No. l of Crawford & Treat, last eve
ming, and the tubing will probably De
put in to-day. AS was stated yesterday.
it was expected that the tubing would
be put in last night, but for some rea>
son the work was delayed 1t will take
several days after the well has been
pumping before il will be determined
positively what it is good for.