The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-03
MONTHLY OIL REVIEW,

The oil City Derrick, in Its review of
oil developments for the month Just
closed says:
July surpassed June's record, so far as
wells completed and new production IS
concerned. but showed a considerable
falling off in new operations. A declln-
ing market is making itself felt In gem
eral letting up OF the drill everywhere
except in the most prolific territory,
Gushers OF goodly size were frequent
occurrence in July, to which the south
west contributed its usual quota. The
Middle field also makes good showing
consequent upon several good sized
strikes at Jacksonville, but Bradford,
Butler, Yenango and Southeastern Ohio
all show falling off in production. The
biggest decline In new work was witness
ed In the Allegany and Venango and
Clarion divisions,
There were 93S wells completed In the
Pennsylvania and Lima oil fields in July
with 200 OF them devoid OF oil in paying
quantities. while the new production was
2l40G barrels. This is a gain of 20 wells,
5000 bhTItls pIuuuGtluu anu ~ hiS A'iSoi
Us compared with the figures for June,
In the Pennsylvania, New York, West
Virginia, Ohio and Indiana oil fields
there were SOS wells completed In June,
with 1888 Of them OF no account as oil
producers, and the new production was
1850 barrels. This Is a gain Of A wells,
3,62S barrels production and Il dry holes
over the month preceding. During May
S24 wells were completed: 1863 were desti-
tute of oil In paying quantities and the
new production was 1898 barrels, which
was an increase over April Of 20 wells
2,0OI barrels new production and five dry
holes. For April there were completed
in all fields 7is new wells, including 1854
dry holes, and the new production was
1913 barrels. During March the sum
mary of operations In the Pennsylvania,
Ohio and Indiana fields showed G66 wells
completed. 1854 barrels production and
1853 dry holes,
Al the close OF July. the new work In
the eastern and western fields was COM
posed OF 3s3 rigs and 742 wells drilling.
which Is decline Of 40 rigs and 30 drill
ing wells from the month preceding. The
new work for all fields at the close OF
June consists OF 42S rigs and sol drilling
wells, a decline OF % rigs, with an In
crease of 90 wells drilling, or n net In
crease OF a over the figures for the close
Of May. The new work for all fields at
the close Of May was composed of 46O
rigs and 705 drilling wells, total of 1,l55,
The new operations in the fields produc-
ing Pennsylvania, and Lima oils sum-
med up 4S5 rigs and 69i drilling wells AT
the close OF April. and on the last day of
March there were i67 rigs and 695 dCllllng
wells total of LICE in new operations
under way.
The oil fields OF Pennsylvania, New
York. West Virginia and southeastern
Ohio completed $50 wells In July, with
1872 OF them dry. and the new production
was 1886 barrels. Compared with June
there was an all round Increase OF "a In
wells completed, 72l barrels In new pro-
duction and 20 In dry holes, In the same
regions there were sos wells completed in
June, including 142 that were non-pro-
ductive OF oil, and the new production
was 1925 barrels. The gain over the
preceding month was &c wells, 3,G7S bar
rels new production and nine dry holes.
In May $40 wells were completed. lnclud-
ing 1873 dry holes and the new production
was 0,441 barrels. In April 4S6 wells
were completed In March, with 6,O0i bar
rels production and 116 dry holes.
on the last day of Jniy. there were $50
rigs and 5is drilling wells under way In
the Pennsylvania oil fields, which was %
rigs and 20 drilling wells, or net decline
of IS in new work from the figures OF
June 30. At the close Of June there wert
81 Rigs and GA wells drilling, as cont
pared with the figures Of the month
previous. The count ut the close of May
showed 322 rigs and 52i drilling wells In
the Pennsylvania fields on April 80 the
report showed 36i rigs and i7i driiiina
wells under way. and there were $3.50 rigs
and iG3 wells drilling on March 81,