The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-11-11
OIL OPERATIONS.
The Benwood Pool is the Mos,
Promising Territory.
EVEN TIE STANDARD PEOPLE
Arc rorrcd TO Admit hi. Fact Fisher
Company. Wei. On tho wood Farm
Drilled I" AMI Ma.s'!a t;aod showing.
Development. or iie south Penn COM
iany- nrocknnIer Il Go. iiaN. Located "a
Well NJ tho Mouth Of Indian Greek.
North Zen" Not"-A sudden n" In
Prices.

Price.
There Is not the least doubt now but
that the territory In the vicinity OF Hen.
wood Is the most promising In the south
west even the Standards papers arc
forced TO admit this, M much az they
hate to give any territory credit for be-
Ing GOOD, Ever since this field was
ooened up there has been constant
sirlng OF good wells drilled IN and NO far
there has not been more than one dry
hole and the indications are that 1t.
with proper handling will make good
producer large enough to pay out and
probably more than that.
The latest news from that section to-
day is that the Fisher OIL Company have
drilled In their No. l, on the s. p. Wood
farm, which Is located considerably to
the enst OF developments. When the
well reached the top of the sand last
evening It was showing up nicely for a
good producer and later when 1t was
drilled It commenced to flow. The Calc
of the well az said to be fully az large
MS that OF any u the other wells drilled
In over there and 1t Is believed that II
VIII start of at the rate OF twenty-five
to thirty barrels an hour when II has
been completed. The we'll was connect
ed yesterday and Will BE- completed
at once. After It had been drilled to the
top OF tbs sand yesterday 1t made sew
ceral nice flows.
This territory has been forging TO the
front OF late very rapidly and the indi-
cations ARE that during the next couple
OF weeks a great deal more will be
known about II MS there are quite
number OF wells nearing the sand, all OF
which Will have a great deal to do with
defining the pool. One OF the most I'M
r5rtant wells due this week IL that OF
lianey & Company. on the Staldcr farm.
| This well has been delayed an account
OF cnc0untcrlnS quite Il dose OF water
the later part OF laSt week, which COM
PEELED the owners TO put In a string Of
~ inch easing. 1t Is expected that this
well Will reach the sand the latter part
OF this week. 1t Is located about a mile
tnthe east OF any OF the wells yet drilled
over there. and Is important for the rea-
son that 1t will extend the pool that far
II Il should come In good producer,
which Is altogether likely.
The Fisher Oil Company will have
several wells due on their holdings In
tats territory this week. tho OF which
are due at the present time and may be
In at any hour. The two wells that are
die are No. l. on the Sayre farm, and
we'll on the ". +. Wood farm. While
both OF these wells are within the de-
hned link Of the pool. yet the operators
are looking forward 10 the completion
very earnestly.
The South Penn OIL Company arc maxi
Ing preparations 10 do great deal Of
work In the back part OF Monroe county
very shortly. During the past few days
there has been great deal OF material
sent out from SislerSvll!e. Yesterday
three crews OF rig builders went out.
This company has many hundreds OF
acres In this part Of the southwest fields
and they are going to develop their hold
inSs as rapidly as possible. il Is conf
IDENTIFY believed that they have been
holding back with their work until after
the election on account OF the unsettled
condition OF money matters and now
that all has been settled they viii 20
ahead with their work very rapidly.
The South Penn OIL Company has
made a location for n well on the Il. Cor
bly, farm about n mile southeast OF Cen
trevIle in the back part Of this county
and as soon, az possible It will be rlESel
up and drilling commenced.
The Carter OIL Company have drilled
in their well on the A. !. Corbly farm. In
the same nelghborhood, and It Is be-
li1ved that they will have n good pro-
Queer when 1t has been completed. When
drilled to the top Of the sand the we'll
showpd up nicely and made one or two
small flows. Il will ne quite an import
ant we'll II a producer when finished. rs
II will open up considerable new terri
tory.
The latest well from the recent strike
Of the Carter Oil Company. on the Hard
man-LIvingston tract. out a. Hebron.
Is that II IL holding up very nicely and
that il the best we'll drilled In out In
that section up to date. There Is great
deal IT work going on In this field At
present and II Is dividing the interest or
the oil men In the southwest with the
| DenwGOd pool.
BroclIunIcr &c Company have loca-
tlbll lNll Il NflI va NHN N'Fl'1 l"Al''' ~ NV
mouth OF Indian creek, and az soon AZ
the rig has been completed 1t will be put
to drilling.
The North Penn OIL Company Is stlll
| pushing the development Of their field
| In NarshIll county. Yesterday two new
wells were rlEced for operation on the
l.ogersOn tract.
The most Interesting happening In
| oil circles yesterday was the advance in
| the price OF credit balances. Fur some
| time past the market has been advancing
very slowly, but yesterday Il took oneof
| the old fashioned jumps and went up
| three cents. This IS something very
unusual at this time IN the month and
or course the operators and producers
are not Il little surprised. A prominent
| operator when asked his opinion OF the
matter yesterday afternoon said that he
| could not give m explanation OF the
matter unless that II was because the
election was over He said: There fs
| about the same amount OF oil In stock
| as there was q year ago. and rs Is well
| known the producers have always con-
tended that the price should be higher
than II is and that the markets OF the
world warranted higher price, yet We
never got It, but now II looks as though
the powers that he.--tha Stnndnrd--has
come 10 the same conclusion, and that
may be the rcagor tho price for credit
balances has advanced"
Moses G Company have made the
location for their NJ. on the Hughes
heirs farm In the back part Of Tyler
county in what IL N;own ms the SOncho
| territory. and will have the drill b0unc.
Ing In couple OF days. This compauy's
| No, on this farm Il rcTortta ~ b.
making hhOut twenty-five or thirty