Marietta daily leader. (Marietta, Ohio) 1895-1906, 1896-05-06
M the OIL FIELDS.

on tne OppOsltc siue VI uno ii'oi' -
making good show for producer,
and is expected in today.
Operations haye been suspended at
Griffin No. 2, out at Wick, on account
OF the boiler giving trouble.
The North Penn Oi, and Gas Com
pany received boiler today which
they will place on their tract at Glen
dale.
G. T. Bunnell and S. w. Lawrence
were in st. Mary's today looking after
their production. Lawrence & Works
we'll is about the same as last reported.
Mr.. Bunnell says his well is on the in
crease and is now flowing so barrels
day. tat,s..r ~ 1,
The Victor Oil Compauy's well NoNa,
on the Julia Groves farm, {cn Indian
creek, which was reported as good for
15 barrels, has increased and is now
flowing 90 barrels q. day This increase
has stimulated developments in that
territory wonderfully.
Their we'll No came in today and
Is spraying some oil, but cannot tell
yet what 1T will do
Nos. and s. belonging to the Devon
ian Oil Company, are now on top of the
sand and will be drilled in tonight or
tomorrow.
Shay & McMullen also have we'll
on the Dan Weekley farm which is ex-
pected in at any time.
The Carter Oil Company's we'll on the
Booher farm, out on Sancho, has made
about 20 feet since last reported. Their
Freeland we'll will make 25 barrel
pumper
Kyle No. 8 is expected in today or
tonight. This well proved a big gas
ser but the flow has decreased and they
will drill it in at once. 1t belongs to
the Devonian Oil Company.
Another good producer is the result
of the drilling of the Johnston, Dorsey
& Armstrong well, in the Rogerson
field, Sunday night. With one bit in
the sand the we'll commenced flowing,
and work had to be stopped until the
necessary tankage can be erected, when
the drill will be sent still deeper. Dur
ing all day yesterday the we'll contin-
ued to flow on an average once an
hour, and is thought by all experienced
oil men to be far better than the first
well drilled in. The we'll is located
about 400 feet northeast of No. l, on
the Otto farm, which in1icates that
that the pool lies in a northeast and
southwest direction. During yester-
day the we'll was visited by a large
number of people, including great
many experienced oil men, who were
attracted to the scene of operations by
the first report sent out. There is not
the least doubt now but that the field
will be developed into good territory.
AS soon as the necessary tankage can
be erected the drill will be sent still
deeper into the rock. There is strong
flow of gas in this well, which was not
so noticeab BILE in the first well. SO much
so as TO cause it to flow at intervals
Nearly all the territory in the neigh
borhood has already been leased.
The operators on the exchanges, or
those who manipulate the quotations,
were apparently of the opinion that the
advance in refined made last week
would be speedily followed by another,
but as second advance did not ma
terialize they marked down the specu-
lative figures, and on Tuesday drop
of SIC, was recorded. Since then the
variations have been slight, though 1c.
was added the following day. The
only features of interest are to be found
in the producing fields, but even
these have presented nothing of a
startling character.
The number of new wells being COM
pleted is still very large, and quite
number are we'll above the average
but no phenomenal producers
have been found, and the large runs
are due to the ever increasing number
of producing wells. The runs have
kept up remarkably large, while the
deliveries have been smaller, and the
difference has consequently expended
Taking the daily pipe line reports as
fairly indicating basis for estimate.
the increase in stocks during the past
month greatly exceeded that during
the month of March, and the monthly
pipe line report is expected to make a
very bearish exhibit. 1t is probably
needless to state that trading on the
exchanges has shown no improvement
and is reduced to an occasional sale
only.
Following is given the opening and
closing figures for each day:
Open Clos
ing. ing.
Monday. ....... .12l% 1851
..123H 1884
.l241s l241a