The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-01-06
INDIANA OIL FIELD NEWS.
IN Price May Touch 80 Cents-Re-
cent New Wells Completed.

Special 10 the indianapolis Journal.
MONTPELIER, Ind, Jan. 5.-The year of
1897 promises a general improvement in the
oil and gas fields of this State. The price
Of the product has been going downward
for some time, with prospects of hitting
the 5O-cent mark before the opening of
spring. The decrease in the price of the
product is uncalled for, although looked for.
as it is evident that the Standard is after
somebody, and they intend TO squeeze him
hard. The decline has stopped a great num-
Der of wells, which have thrown out hun
dreds Of men. The Cudahys, of Chicago,
have their pipe line completed to Kankakee,
but so far it has done nothing for the In
diana producers. The owners must create
a market for the product before they can
expect to do any great amount of business,
The line is completed. but the facilities for
handling the crude is very bad. as the line
is only a four-inch one TO start with, and
the owners are already experiencing any
amount of trouble in the breaking of the
inc in various places, flooding the country
with oil from the breaks. When the line
was first contemplated the outlook was
that it would have sufficient facilities to be
a thorn in the back OF the Buckeye Pipe
Line Company. but instead, IL is a help to
the big concern. and instead OF the price
of the porduct advancing IL has declined to
% cents per barrel.
nv @NO AAN ~ AAA0AoAitl III >OAhRoh - =
No. 2. on the Henry Schott farm. i'm Sec
ton %, Nottingham township, Wells coun-
ty, is good for ninety barrels. Same COM
pany's No. IA. Brookhart farm. Section 81.
same township. seventy barrels. while No.
10 on Settle farm. Section 80. and No. 4. on
the George Updegraft farm. in Section p,
same township, are good for ten barrels.
Thomas. Flynn & Co. finished No. 2. on
Alderman farm. Section 10, same town
ship. for sixty barrels. S. w. TAFT & Co.'S
No. Is, Williamson farm. Section 4, Ches-
ter township. and their No. Il, same farm.
are good for thirty barrels each; Garrett
township. seventy barrels; A. Urban's No.
g., Shade farm. Section Is. same township,
twenty-five barrels: Luton G. Brandt's No.
Z. Shade farm, Section Z. same township.
Jellison farm, Section II. same township,
twenty barrels; same company's No. J.,
HALEY farm, Section 8. same township, ff-
teen barrels. while the second well on the
fifteen barrels. Boyd. Merring & Co.'S No.
4. McConkey farm. Section II, Washington
township. Blackboard county, is good for
twenty barrels: Ohio Oil Company's No. 1,
Huntington county. 100 barrels: Kerline
Bros. No. 1. Pontius farm, Section So. Hart
ford township. Adams county. thirty bar
rels: Judy & Burford's No. 4, Butcher farm,
sixty barrels: Ohio Oil Company's No. Is.
Creviston farm, Section IL. Van Buren,
township. Grant county. ninety barrels;
same company's No. =, CrevistOn farm. Sec
ton II, Same township. ninety barrels:
farm, Section IL, same township. five bar
rels: George W. Bold's No. 2, Engle farm,
Section /, Jackson township, jay county,
forty-five barrels: It. r.. Dougherty's No. 3.
Halterman farm. Section 2. same township,
fifteen barrels: Northern Indiana Oil Com
pany's No. /. Hardy farm, Section Is, same
township. fifteen barrels.