The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-10-09
A NEW WELL BROUGHT IN
OVER 300 BARRELS OF OIL A DAY
EXPECTED FROM THIS STRIKE.


The new oil well on the Claypool farm.
adjoining Crows Nest to the north, was
shot yesterday at noon by the Mcknight
& Murphy syndicate and there was cloud
Of oil seventy feet high a few minutes lat
err This well the contractors proclaim to
be by far the best we'll of the field. eclips-
ing that shot on the Virgins farm short
time ago. 1t is expected that 1t will flow
from 300 to 400 barrels a day. Before it was
shot the oil came out in a good stream.
After the Ego devil'' had done its work the
hole was plugged at once until the pump
ing machinery is completed. G. L. Ritten-
house, Of the wholesale firm of ]. c. Parry
& Co.. is a member of the syndicate and
he was on the ground yesterday afternoon
beaming over the great strike. A hundred
feet to the east is a new well being drilled
by the Standard Oil Company on it's lease
of forty-two acres, and this well will be in
within a few days.
This is one Of the fields where the Stand
ard Oil Company failed to get in on the
ground floor, and it's only lease in the ter
rtory already defined is the one of forty
two acres, which is obtained from Thomas
Hessing. It is said the company gave him
a 81 900 bonus for the lease, besides paying
a quarter royalty on the product. This is
being an eighth or a sixth royalty. The COM
pany also agreed to bore six wells on the
tract. The Murphy & Mcknight syndicate
has thousands of acres leased, all in
solid block running the entire length of the
field. However, they practically have to
sell to the Standard Company at 43 cents
barrel, the company piping the oil to Broad
Ripple. The Standard Company is soon to
construct two immense tanks at Broad Rip
pie. with a capacity of $500 barrels each,
and will also build a telegraph line into tho
field from Broad Ripple. so as to keep ac-
curate tab on the product and order sup
plies promptly.
The high ground north Of the river in the
neighborhood of Illinois street resembles
Pennsylvania oil field. In every direction
huge derricks loom up. In the shadow or
the old bridge that crosses the river, on
the old picnic grounds. well Is being
drilled By Tuesday the Mcknight e Muir
phy people will have two more wells under
way and five more by Thursday. one Is
within the corporation limits OF Broad Rip
pie In the hollow known as Crows Nest,
on the Hanlon farm, the contractors be-
lieve they will bring in gusher. The line
of the syndicate'S leases runs two miles and
a half The Hessong well is 700 feet to the
north of the one shot yesterday and is
flowing 100 to ITO barrels daily, while that
on the Virgins farm has settled down to a
comfortable $50 to 200 barrel gait. The syn
dictate has already sold 1900 barrels. The
Brooks Oil Companys expert, upon testing
Samples of the oil, says it comes up to the
best test of any Indiana or Ohio oil, the
fire flash test being 1T5 and specific gravity
rs there being no sulphur The crude prod
uct &C be used directly on machinery. For
ilun. ation purposes it Is excellent, and
the syndicate expects to prepare in the near
future TO pipe it to Indianapolis for use
under boilers in the factories.
The average distribution of wells in a
territory is one in every five or ten acres
To iIlO~ tie what "strikin' lie on the old
farm mean to the farmer, 1t is cited
that wells equal 10 those now flowing
are ne farm, the daily outflow would
be a ,.c J. 500 barrels, producing an income
of sed5 q day, and of this the farmer would
get one-sixth or about $l07 a day a sum
Sufficient to permit him to buy a few new
dresses ''for mother every day. Tho big
wells in Lima O., flow from 1900 to 5000
barrels a day The largest one in Indiana
was drilled at Terre Haute some years ago.
It flowed 1900 barrels day. but soon pet
arad ont