The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-09-15
AN uRLOoKED FOR DROP
IL the Prico OF OIL was Feature Of the
Wcsk--'iI,o Elk Fork Gauge.

IL the Prico OF Oil was Feature Of the
wrsk-ihe Elk Fork Gauge.
The most unlocked for event In oil
circles during the past week was a cut
OF two cents in the credit balance mar
ket for Pennsylvania oil, says "D. S.
W." In his weekly review Of the south
west oil fields. The market had re-
mained so long at seyenty-one cents.
and under field conditions that were de-
cldedly threatening that It was hoped
that an advance would be realized rath-
er than reduction. 4 more genral view
OF the situation not including present
or prospective field developments, shows
there was little to encourage an ad-
vance, but some justification for n re-
duction. comparison OF the last pipe
line statement shows an enormous pro-
ductlon Notwithstanding there is but
one prolific pool of recent date. In the
desire for gushers and the prominence
the more prolific territory attalns, the
smaller POOLS and the many other
sources for increasing the production
are overlooked. 1t matters very little
from what source the Increase in pro-
auction Is derived, It excites the same
depressing Influence during a period of
every production. The discovery of
some new pool is contingency that
may arise at any time and Is one most
dreaded until Its limits have been de-
fined.
The latestgauge Of the Elk Fork wells
shows falling of In the number pro-
Iaeiha one hundred or more barrels a
DAY and slight decline In the produc-
lion OF the larger wells remaining in the
Ist. Appended Is the number and pro-
ductlon Of each:
Snyder Nos. 1. and 3, $50. 400 and $50
barrels snyder heirs Nos. and 2.
oMsnlIdefs. thck & Company owncrs)
1w ana l2O barrels; Snyder heirs Nos
una Henderson, Smith g. Company,
II"ners) $50 and $50 barrels; Pipes Nos
y, o. ana 10, 800, $780, 2lO 800 100
% "on az. ~ barrels; Bunhll Nos I, and 2,
%gy o-v' ana 800 barrels; William Farrell
tlfeat Crawford Nos and 4 t5O
% nm S SoO barrels; William Farrell CHcnry
w., ontnpnny) Nos. and 0, 1876 and 200
"aLIGIs; - y. Hawkins Nos, 2, 4. Q, @, g
fels; s. A. Kellar Nos. / and a. TX and
700 barrels; II, /. Asher Nos q 7 nnds
l25, $50 and 200 barrels; William prIrl,
eu No. /, $50 barrels, ana j. n A ttaw.
49, ~ ANN hllu lNU nnfThIHt
respectively Total production of ihn
mlrly'slx wells, G,S55 barrcls dny
The Hcnw0od pool In Monroe co,intv
mas changed liz dry hole record be- in.
Producing n good producer. II docs moi
open w any new territory, btt in mono
ihe less appreciated by lis ownnrs fo,
,,he reason that they have not boon bey.
ing very good 9ucccss In that loraitty
.Ihe Wen In question In Mclroddon
nIwltchell \ Gompany'a No. d on ibo
Witohey farm, II was drilled Inio tho
sand Sunday morning and when Elk
tnnt IN began 10 flow and w1R sbnwlbg
ior Two hundred and nifty bnrroa A dnv
When drilled deeper II may provo oven
better than the above estimate. THO
owners have shown the pluck M dead
Eame sports In operating tho Wltcbcy
lnrn Tho frBt two wells were duairrg
The thifd was a gooh prnhnrur ana hp
fourth dry hole ordinarily they would
have been ready Ia quit hut decided IN
,fy II again, despite the bud record Tho
last HtTlke viii alive them one or two
moro locations on the Same property
aud pay profit on the lnvuBtmont.