The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-10-14
IN THE OLD FIELDS.
4 Fall In Credit balances that Came I'm.
r,peeiedIy-New Wells Being Brought
Iu-South,vext OIL Notes. ft

4 Fall In Credit balances that Came I'm.
r,peeiciIy-New Wells Being Brought
III --soutiwest OIL Notes.
For some time past the oil market
has been very steady and strong at
81 l6 for credit balances and 1t has been
the general opinion that the price of
the greasy fluid was up this time to
stay. The operators and producers
thought the price would reTnain up be-
cause there has been very bullish re-
port from the fields for thet past month
and 1t was thought to be a certainty
that the price would stay up, but 1t
seems they were mistaken Yesterday
tho. price declined two cents and the in
dicatlons are that the market is weak
or now than 1t has been tor,some time,
and there Is no indication how low 1t
will go. The price paid FIR credit bal
ances at the pipe line offices. yesterday
was sll4 for the Pennsylvania and
West Virginia product.
y very important well due within
the next couple OF days Is that OF the
Fisher OIL Company on the6Cehrs farm
at Benwood, in Monroe COUNTY. This
well has been due for several days. but
has been held back by att':aGcident and
will not reach the sand before some
time to-day. II Is expected to be good
producer. as 1t is close to theSgood wells
drilled In short time ago by the Hen
ry and Fisher companies In this sec
ton, all OF which are doing better than
one hundred barrels dayS;ss
The good we'll drilled III Saturday by.
Hosford & Holden In the2saallow sand
on the Shinn farm, out on Middle Is
land, Is still holding up nicely and It Is
now reported to be making about one
hundred and enty-fve;barre every
twcnty-four hours. This IS very i'm
portant we'll, as 1t Is the second good
one drilled in the shallow-sand and 1t
therd. , ,+shf
Southwest on Maids
The best strike reported Monday was
the DevonIan Oil CompanytsSSo. / on the
Smith lot at Wick, Tyler:Sounty 1t is
located the farthest to the -sast from de-
velopments and when drl!ird into the
pay started to flow at the Eaq3::ot 10 BAG
rels an hour. The locatiomtS. somewha
important, hu.i 1t is mol llka,SfSha twill
development The fact cha /, A'well came
ina suslierG doesn't insurs::3 hat II will
BE- better than small puntpertat the end
0f thirty days. With the :o6fnpletion OF
this.well operations hays- Come to an
end. - >o - =
The SpraSg & Co well an; the May
field farm, near Conway, Is down to 30
barrels day. The same company Is
drilling No. and has the RIG Up fer No.
on the same farm.
IN the Cow run sand Development at
Hebron, Crawford & Trear. have wells
drilling near the Top OF the sand.
. TIE South Penn and Victor OIL s. Gas
companies have plugged their No. 3 Dir
fcnblugh and are having the rig moved
TO stare new hole, The first was dry
IN the Cow run sand and was plugged
while drilling to the Big lnjun.
The Fisher OIL CDmpany's No. l Price,
at RenwOod, Monroe couB-S, has drop
ped to 80 barrels n day.
The Henry oil Compauy;s No. .
knlsckla. Is making ] Is barnlsa day.
No. 3Price, and No. ! NfJoI, of the
Fisher Oil Company, have not been put
10 pumping yet. Several important wells
in the Benwood territory Will BE- due this
week
Galley Bros. collapsed tae casing at
their No. CalebauSh, In the Delstpool.
and will move the rig and new
hole.
III the wet2cl county Gordon sand
territory the Kanawha Oil Company Is
building The rig for Nos, sand G on the
Mills tract: No. on the same property,
Is drilling at / 400 feet, and M. 3, which
was completed a few weeksaEo. and was
Thought at the time good fot l0J barrels
day. has been Put to pumntAS and Is
not better chan 70 barrel plpdncer. G
----s----------s-z-----D G's..larH.i.5
Plenty Of Gas. in"i
The Views last evening published a