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

The past week IN oil circles In TINS
mart OF the southwest has beenaa very
lively one. Tho first thing on.the pro-
yrammc was tho reported drilling In OF
the wells on tho, MnyAcld farm.rout ut
Conway, This well which l$ga most
important one. had been drilled Il little
deeper but II was not doing anything
like It was reported 20 be making, The
welt was drilled n little deeper Mon
DAY, and was reported ycstcrdHS after
noon to be good FOR fifteen barrels Il
day. AZ the time that report WAS re-
celved the. work OF drilling the well In
had not been started. The; MayAcld
we'll Is situated In territory that Is
rank wildcat and Y 1t should Come in
good, as confidently expected now, It
will make things pretty lively In the
back part OF Tyler county. as all the
territory out there under lenEcits held
By 4 multitude OF people aud -all will
want TO get wells down just as,soon as
possible. The well Is located between
dian creek stun and Is only about four
miles from the Indian creek wells.
Another important event Tn the
southwest fields during the week was
the Increase In the production of the
Fisher Oil Company's WELDON the
Price farm near Bcnwood In, Monroe
county. Ohio. When this well was
frs; drilled in It was showing for
about fifty or sixty barrels day and
was not considered OF great Import
ance by the talent. The, Well had q
great How OF salt water and when Il
was put 20 pumping the water started
10 decrease and the flow 10 oil increase
until now the well Is making IN the
ncIehoorhood OF two hundred barrels q
day and the salt water Is getting very
weak. This we'll. like the ono above. Is
rank wildcat, but II anything is In
territory that was less tested than that
mentioned above. The Fisher OIL
Company has made quite number OF
locations on It's stun over there, and
they hold about 10000 acres. The other
people In that section who are get
ting ready to drill are the Henry OIL
Company. which drilled adten-barrcl
well IN the Holtsclaw farm some time
ago, and Shay 4 McMullen.t
Another thing during the week that
has caused great deal OF interest In
the oil fields was the fact that the
price Of credit balances had gone UP
several points. Early In the week the
price went up two cents from 81 06. and
couple Of days later had gone on up
10 81 10, ut which figures IL still re-
mains There Is every reason to be-
li4ye that the price will go still higher
In a short time and all OF the oil men
are holding On to their balances in the
hope chat n better price WIN rule in
the near future.
The we'll being drilled On! the Pier
pont farm by the Oxford OIL Company.
was drilling In the top OF the sand and
should have been In the sand. This Is
one Of the most important wildcat
wells drilling in this section at present
and It Is being watched very closely by
thc talent 700
The Devonian Oh Company's we'll on
the Kyle farm out In the Indian creek
;arr!tory.Tyler cOunty.wh!ch, was drill
cd In Monday. Is showing up FOR fine
we'll and 1t Is estimated that 1t will be
E5od for more than two hundred bar
reis day. The same company's No.
on III. Groves heirs farm, out in the
saline section, has also been drilled in
and Is showing up for a good we'll.
These two wells are In tha~6ld devel-
opment and were expected TO! come In
good.
There Is great deal OF work being
started In the fields In the back part OF
Tyler county and the coming month
promises 10 show a greater activity In
the business than any OF the preceding
months for some time. Out In the San
cho creek territory the Carter OIL
Company and several others holding
territory, made about twenty locations
ihe latter part OF the week and num-
Der OF locations have been made IN the
vicinity OF the big MayAeld Gnsser.