The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-09-18

The excitement In the vicinity OF the
Mayfcld well. out near Conoway. In
Tyler county, which Is owned by
spragg 6: Co., OF Wheeling. is becom-
Ing greater every day and the price OF
territory Is still going up. The we'll
has been drilled deeper and Is con-
Btantly Increasing In production. Yes
terday morning the well was reported
to be making more than three hun
dred and ffty barrels and the report
stated that 1t was still increasing.
There has been q little salt water in
this well, but so far It Is not OF SUM-
Client volume to hurt anything. The
farmers In the vicinity have caught the
fever and are holding their farms at
sky-h!gh prices. Yesterday Joseph
Adams, whose farm adjolns the May
field well leased his plnce for bonus
OF $500 and large rental, while Fred.
Ashenhart, who owns u large farm
near BY, refused $4,000 for half OF the
royalty OF his farm. The excitement
Is intense and the companies and In
dlvilual5 who hold stuff, are making
preparations ms rapidly as possible 10
drill their holdings In order that they
may get in on the ground floor.
1t looks very much now as though
old Tyler had not yet given up all the
wealth In her bosom and that one OF
the largest pools In the country will be
opened up In the near future. There
| are already quito number OF rigs up
| and wells started, but none OF them
will reach the sand for a couple OF
weeks yet. by which time the full val
| ue OF the pool Will be demonstrated.
The effect Of this well on Sistersvllie
Is being felt and business Is getting
better now than II has been for some
| time.
Moses & Co. have made three loca-
t!ons on the Hughes heirs farm In the
back part OF Tyler county and will
| commence drilling just as soon as the
rigs can be completed. This company,
already has couple OF wells on this
| farm.
The Bowser well, on Point Pleasant
creek, on the county line between Wet
eel and Tyler, will be drilled In to-day,
or at least the owners went out to tha
we'll with that intention. This well.
when drilled in, developed a very
strong gas pressure-in fact was about
the same as the Mayaeld well and Is on
a direct line with the latter. Lately
| the Bowser has been spraying a little
| oil and It Is believed that when CON-
| pleted II will make a good producer.
There IS 4 big lot OF territory In that
section that has never been tested and
| 81 the Bowser we'll comes in good It
will open up thousands of acres OF
| good stuff. The land Is nearly all un-'
| der lease and what IS not yet leased Is
held at very high prices.
The well drilled In by Ramey & Co.
B all F1,-t Ah 10 Ctt
| showing up nkceiy and will probably
mako more than one hundred barrels a
| day. This we'll Is also in what might
be called wildcat territory and is very
| important There Is quite a nice little
| Big Injun pool being developed at
| Hebron. None OF the wells completed
20 far has been OF the gusher variety.
but they are all doing between fifty
and one hundred barrels a day and are
worth going after.
Moses & Co. have made a location
on the James Ash farm, In the Sancho
territory. and will commence drilling
as soon as the rig has been completed.
| Some nice wells have been gotten in
this territory lately, the Carter OIL
| Company having recently drilled in a
we'll On the Il. c. Freeland farm, that Is
making better than one hundred bar
rels a day.
The Carter Oil Company Is also doing
q good bit of work in the Sancho terri
tory and yesterday made new loca-
| ton on the Thomas Freeland farm.
The company has many thousands OF
acres there.
Nothing has been heard from the
Fisher Oil Company's we'll on the Price
| farm, In Monroe county, Ohio, except
| that It Is increasing In production and
| will now be one OF the best wells drill
ed on the Ohio side for long time.
Among the many wells going down
| In the vicinity of the Mayficld, Is one
| on the Robert Mayneld farm. which Is
| held by the same company that owns
| the gusher. The rig for the new we'll
| has been completed and spudding Will
be commenced In couple Of days
\ company composed of Ststersv!lle
| people has made a location and Will
commence drilling in few days on the
| ]. B. Pipes farm. which Is located
about two miles from the Mayfeld
| well. Tho MayfNd well Is almost d.
| rectly back Of the famous Polccat well,
the first one ever drilled IN the old
| SIsterSville field, and the Pipes farm
| Is on q direct line between the two
| wells.
| There has been no change In the
| price of credit balances for several
days, Notwithstanding the fact that
all the indications point to a rise, The
| operators are still confident that the
price will go higher, US tho statements
OF the pipe lines for the past month
show a very hullish tendency and tho
exchange oil market Is going up very
steadily. Oh was not MS steady and
| strong on exchange for many years, as
| 1t Is at present and this Is one OF the
| reasons why the outside people feel
certain that the price will advance to
much better figure before great