The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-11-14

With tho opening price on credit
balances on oil at 81 40, aud q strong
demand for tho fluid, there was an up
ward tendency, aud at noon there had
been au advance to 81 AZ, 1t remained
firm aud closed at that price, Slowly
and steadily the prlcs has advanced
from 81 e5 to the present price, and it
ia the general belief that the - mark
will have been reached at the close Of
the month,
Tho demand for petroleum iS greater
now than ono year ago, and tho supply
10 considerably smaller This is be-
cause territory that was updsveloped
At that time has been defined, after
which time drilling has been stopped,
operators not being willing to further
extend operations at the price being
maid for the product by the Standard.
Producers have also been holding back
their production on hand Tor u higher
price, and by 90 doing have been sue
cessiul in lelssnilg tho supply, while
the demand continues strong as ever.
An advance to = msRna much for
the southwest Relis az territory partly
developed will be thoroughly defined
for the production that is sure to DO
derived from II. Wild eating will DO
stimulated, now shallow poolt opened
nm and operations generally greatly
stimulated. Tho advance will further
keen tied up the supply now on hand
and cause little drilling to be done until
the advance ia stationary.
Notwithstanding the great scarcity oil
water, operations are booming in tue
Wayerly field. The water famine that
has existed here as well as in other parts
Of the southwest developments mas cost
operators thousands OF dollars as large
amounts have been expended IN seGur-
ing water. Ernest & Lotschaw on Mon
day drilled In we'll on the Ingraham
farm between the Big Kate and
Wayerly fields that will make forty
barrel producer and open up now terri
tory. On the ]. d. Smith farm Kuhn
has a rig up and will commsnceS pudding
rs soon as water eau be gotten.
Afford Bros. have rig up on the
Louis Osdin larm in the WaYorly field
and are hauling water to start drilling.
The well on tho Hunter farm at
Wayerly, which was drilled BY Wheel
ing parties, has broken shaft at the
ton Of the sand. II was TO have been
drilled in yesterday. II has a good
showing for well and IL located be-
tween the Big Kate and Wayarly folds,
A report received here last evening was
10 the elfec; that the hole had been
drilled in aud show was made for q
100 barrel we'll.
Lotschaw & Ernest have started a
we'll on the StRhl farm on Long run, in
: Ohio, whore new shallow poolis being
opeued, Tho indications here are for u
nicsbo and is to DO defined on the
strength Of the Cali creek well on the
West Virginia side.
In the Long Run territory tho Mccall
mot OIL Company and Rangers we'll on
the Mary Mahoney farm, after having
the eight and quarter casing put in,
shut down on account Of q scarcity OIL
water. =.
In the same territory the Miller we'll
after being shot created great surprise
because Of its great gas pressure, which
10 unusual in that field.
On Long Run +. Clark, j., started
drilling q shallow pool well on the
Thomas Richie farm on Tuesday.
The long drawn out fishing job on the
Heusel farm well Is at an end, the tools
having been recovered Tuesday night.
Drilling has been resumed, and 1t will
be but a shor. time until the worth Of
the we'll will be known. There was 500
feet Of oil 10 the holO yesterday MORN
ing.
Deist No. IS, OF the Associated Pro-
ducers, tho progress Of which has been
hindered by tho water famine, will DO
drilled in the Zig luiun to-day. spud'
ding on DeiSt No. II was begun last
night. Tho production OF the Delsi
pool Is now over 1000 barrels as re-
ported by an official OF tho company.
A we'll will be started spuddtng this
week on the Morris farm, on Middle
Island. II will be drilled by NJ. Me-
FGdden aud others, and 10 ahead oil de-
yslopmenta.
An important well to DO drilled IN
this morning, is the G. q. Furbgr No. l,
OF the Victor Oil Companp. It is sew.
eral miles ahead Of Middle Island dovel'
opluents aud located near the Big Moses
Rockwell No. 8, Of tho Victor Oil
Company, which was expected in this
week, has beoi delayed considerably
by tho striking OF wator In tho lime.
The NJ. L. CAlebSuCh we'll in tho
northwest extension Of Monroe county,
showed up better than for some days
II was thought this well was failure,
but It now occurs that the measure
tnent has been lost aud nothing eau be
learned OF the loca:ionNot the drill. II
oil 10 not found in tho Big Iniun iorma'
tlon, tho we'll will be drilled TO tho DO
Tea Grit
Forst 4 Co.'S Z. Thcile No. 3 was
drillad IN Tuesday morning and 10 ahow
ing for a fair producer Nos o and I
are 900 and 800 fsoi doop rospectivo'
ly aud will bs In next week.
Holmes No. Of ForAt K Co., on Mid
die Island, has a crooked hole ct Z
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