The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-31

1t is the only new pool recently opened
up and the only one of any consequence
which shows up for something IN the
future. When this pool was first open
cd up the knowing ones turned up their
noses at 1t and said II would he libo
whole lot OF pools that had been opened
up In this state, |, e., It would only last
a short time and then It would be nee
essary to open up something else The
pool Itself to-day Is a REPUTATION Of this,
as II has now been In existence for
period OF almost six months ana the In
dlcatlons now are that almost all OF the
wells drilled in so far have been on the
outer edge OF the pool proper and that
the further south and west the devel-
opmerts are carried on the larger the
wells will be-
There has been one very serious draw
back to the Elk Fork territory all
along and that Is the law suits which
have been entered on It's account. There
Is hardly a piece of territory In the
field that has not at some time been
covered by lease previous to the one
under which 1t is being operated, and
the former owners. now that good pro-
duclnE territory has been opened up,
are making an effort to get hold of the
territory again and the chances of sue
cess in a great many cases are said TO
be tirst-class. This has had the effect
Of making the people who are operat-
Ing the leases so little slow and the
future developments may be llttle
slow, although great deal OF th" stun
has been tied up in one way or another,
The people who have leases on farms
which did not have former lease on
them are pushing the work Of develop
mept along very rapidly and there are
host OF new wella being started out
there. There is one tract in the Elk
Fork field Of perhaps four hundred
acres which Is tied up and the company
which has the last lease on II Is only
drilling enough wells on 1t TO protect
their lines, II Is the same way with a
number OF other farms in tina t section
and the chances are 1t will continue that
way for some time, as there IS no iHime-
dlnte prospects OF the cases being set
tied.
The principal matter OF interest "a the
territory out at Elk Fork this week was
the drilling in OF the two wells on the
Snider farms, Each OF the wells Is
owned by n different company and came
In on different days, but they both came
In gushers and extended the develop
ments for some distance. Nearly all OF
the wells being started out there now,
are to the south and west of the old
wells drilled and the indications are
that the pool runs in that direction, al
though some Of the operators think dif-
ferent and are putting down wells and
p1ulgtnfr lnFpt innu In IiFaGf Eppnuttt1t, In
all OF the set rules usual governing u
thing OF this kind.
There Is practically little else in the
oil fields Of West Virginia 10 review
outside Of the Elk Fork territory. OIL
course there is quite lot OF work going
on In the other fields Of the state, but
the greater part OF II is In defined lin
Its and Is not Of great deal OF import
anee aside from the amount Of produo
ton and the pleasure and satisfaction
they give to their owners. Down IN
Wood county in the Wayeriy and Hen
dershot developments there is consid-
cradle work being done and Il is re-
ported that MS many rs twenty strings
OF tools are running but all OF the work
being done Is In territory That has al
ready been tested and no new stuff is
being opened up, II is the same state
OF circumstances In Richie and DOdd-
ridge counties and also in the Manning
ton field, although n little furore was
caused when It became known that the
South Penn people had shot n couple
OF their wells In the deep sand and had
Increased their production several hun
drcis of barrels day.
one Of the interesting items of the
week In oil circleswaa the buying out OF
the Eastern OH Company. one OF the
operators In this Held, by the Carter Oh
Company. the local operating branch Of
the standard. The Eastern people had
about fifty producing wells IN the field.
but the production was not very large;
they also had n large amount OF unde-
volOpCd territory, and all OF this was In
cludGd IN the deal which aggregated be-
tween 100000 ana $4,000. II II thus that
the great trust Is gradually acquiring
all OF the available territory IN this field
and II viii not be u great while until II
will have secured all Of It. II II much
cheaper for the Standard 60 get the
producing territory after II has bccp
developed than II IA for them TO de-
vclop wildcat territory Themselves nnd
they have a long time ago recognized
this fact and ns n consequence allow the
independent operators to 80 ahead and
test the territory aud lose their money,
aud finally IN the end, the former will
step In and squeeze them out
During thcppgt four years the Stand.
ard on C0mpaHr has p1I1 IN the neigh
borhood Of $iOOO.OOO for improved nnd
developed territory In This section and
I...N
original operators In the field and there
have about mndc arrangements To sell
out their holdings
opmcnts In tho ELK Fork field In Tyler
county, and also In the other sections
whloh are being developed down ticrc
at this times
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