Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-01-04
| TIE WEEK N OIL CIRCLES.
1t Was Very Quiet in the State Out
side of the SiSterSviIle- Field.
The Main Cause OF it all is the Con-
tinued Low Price of the Fluid.
Several Good Wells Were Drilled
in the Berwood District - The
Spragg Oil Co., Have Opened
Some Fine Territory - General
Oh News Of the State

The past week in the oil circles OF this
State have been very quiet outside OF
the Sistersville field. In fact, there has
been nothing out of the ordinary re-
ported, and all of the fields have been
very slack. The cause OF great deal
of this is the low price at which OIL
is selling at the present time. with the
price OF the oleaginous fluid at less
than 81, the producers are 10th TO 90
any more on their leases than they are
compelled TO, and great deal OF the
work contemplated during the 1all
and early winter has been curtailed on
this account. 1t is estimated that III
the Sistersville field alone there are 10
cations for at least 100 wells which
have heen abandoned and will not be
drilled unless the price of oil goes UP
considerably, and that, too, in very
short time.
One of the features of the week in
the southwest was the big wells drilled
in by the Liberty Oil Co. on the forty
acre lease Of the Mcfarland farm in the
Benwood district During the early
part Of the week this company drilled
in a we'll on the Mcfarland farm which
started off at the rate of better tnan
900 barrels a day, and at the present
time is making in the neighborhood OF
700. This was their No. 8. The Fisher
Oil Co were also very lucky during the
week and got q couple Of good wells.
One of these was On the Dan Price
farm and is making about 400 barrels
q day now. and the other one was on
the Thomas Howell farm and is making
about 800 barrels a day. These three
wells will increase the production OF
that pool greatly and it is estimated
that the production of that territory
will average daily in the neighborhood
of 5000 barrels. This is a great deal
more than any of the other pools IN
the southwest are doing, including the
field at Waverly and at other points
below Sistersville.
1t was reported in the city last even
ing that Crawford & Treat had drilled
in another big well out on their lease
in the Hebron field, but no particulars
! were heard from it, and it is not known
what its production is or on what farm
| il is. This company mas been drilling
| in some very fine wells out in this terri
! tory Of late and it is known that they
had a well about due out there now
The old Indian Creek territory is not
doing a great deal at present and the
territory which at one time commanded
the entire attention of the oil world has
dwindled down until at the present
time there is not over two wells drill
ing out there and nothing new is con-
templated. The production of this pool
has fallen off until it does not amount
| to a great deal now.
There is no doubt now>in the minds
of the oil men oHthis section but that
| the Spragg Oil Co. has opened up a
bonanza at their wells on the Mayfield
| farm out in the back part of Tyler
county near Conoway. Both of the
wells that have been drilled in by this
company have exhausted their salt
water to a great extent and are now
having fine production. The last well
drilled in by this company was dan
| dy' when the salt water had been eX-
| hausted and is now making about 200
| barrels a day. This company have
made locations for several more wells
out there and in a very short time will
commence drilling on them.