Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-07-26
to the Register.

~
Spscial to the Register.
Sistersville, w. Va, July 25.TThe
oil fields in this section of the south
west were very quiet last week, very
little of an important nature transpir-
ing. 1t was expected the early part
of the week that a number of wells
which are about ..aAs would reach the
pay, but most Of then failed to con-
meet, and as a result these was only
two or thee wells drilled in, none OF
very 9eat importance. Especially can
thiss5e said Of those drilled in on the
West Virginia side in the Elk Fork
territory The one we'll of Importance
on the Ohio side is that drilled in by
Gordon & Co., on the Beaver tract, on
Wilson run. 1t is in practically new
territory, and one Of the most import
ant finds in this section for some time,
and promises to be the opening wedge
of new pool. This we'll is located
about seven miles directly east Of Sis
tersville on the Ohio side, and Is but a
mile or so from big gas well drilled
in about a year ago by the Ohio Oll
Company on Wilson run. When drill
ed in, it showed for production or
about sixty barrels day for the first
few days, but now has settled down TO
steady flowing production OF little
better than forty barrels a day.
There is every reason TO believe that
a good pool his been tapped in that
section, and as an evidence OF this fact
take similar cases where there have
been large gas wells in this section OF
the southwest. 1t has alweys been the
case that there has been good pool OF
oil found in close proximity to all the
big gas wells drilled in this section OF
the country and the consensus OF opin-
ion among the oil men here is that this
will be no exception. About three
years ago a we'll was drilled on the
Beaver farm by this same company,
but it only started off at about five bar
rels a day, but since that time it has
been producing, and it has now in
creased to about twice that amount. 1t
is believed that this we'll was not drill
ed deep enough, and it is the intention
Of the company to rig it up and drill
deeper. Nearly all of the people hold
ing leases over in that section have
been awakened by the strike made by
Gordon & Co., and they have made
preparations to develop their territory.
Gordon has made two locations on the
Beaver tract. The Fisher Oil Com
pany also has lot of stuff and intend
to put a well down on their lease.
Several other parties are making ar
rangements to drill, and the indications
are that in the next ten days there will
be four or five strings Of tools running.
In last Sundays paper there was a
story about some wells drilled by the
Carter Oil Company on the Allen farm,
near Shiloh, in which the assertion
was made that the wells were good,
and that the company was trying to
make mysteries of them. During the
week some of the writer's Of the Stand
ard Oil Company's papers have taken
exception to the report of operations
in that section by this paper and have
had the temerity to say that there was
positively nothing in the story as
printed. The cause of this all is that
the Carter Oil Company people, who
are the local operating branch of the
Standard. have evidently made pro-
test about too much publicity being
given this strike. Since the article
was published last Sunday it has been
learned on good authority that both OF
the wells already in will make good
producers as soon as they are connect
ed up. One of the wells at the present
time is plugged and the walking beam
bolted to the derrick floor, but all that
does not prevent the oil from spraying
at the rate of about twenty barrels
day.
Some Of the people holding leases
cut there have admitted that the wells
are good. A firm noted for conserva-
tive action made an offer last week Tor
a piece Of territory in close proximity
to the Allen farm of $1,000, but the OF
fer was refused, as the people holding
the territory intend drilling it them
selves.
The demand for territory in this Sec
ton of the country is greater now than
it has ever been at any time in the his
tory of the field Almost daily there
are people coming here from other sec
tions o. the country and especially
from the oil fields Of Pennsylvania, New
York and Ohio, and they are looking
for property in which to invest. The
local brokers in oil property stated to-
day that they have had more calls for
property than at any time since they
have been in business and that all Of
the transactions are being made for
cash.
The prices offered for oil property
are not the fancy figures usually in
vogue when a lot of tenderfeet get in,
but it seems that all of the people who
are after property understand their
business and know just what they want
and what the property is worth. There
are several large deals on the tapis now.
Ore of the most important wells TO
be drilled in next week is that of the
Henry Oil Company. on the Simeon
Pines farm. to the southwest Of produc-
ton. This well is a considerable dis
lance ahead of production and will ex-
tend the field fully a mile. Another
we'll of Importance due last week and
which will likely reach the sand to-
morroN n. that ofNBovd Bros & Co.
on II er farm. This well is also
abe; lopments and great deal