The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-12-30

duced for the first twenty-five days on an
average of 5000 barrels day. There is no
reason why wells of that capacity will not
here and larger and stronger than the Ohio
gas area. The gas area of this State is four
times as great as in the Ohio field. Gushers
and they will be found in time to come close
TO the heaviest part of the gas field.
NEW POOLS OPENED.
Although the year just closing shows
decrease in wells finished it does not signify
that it has not been the most sensational
one in the history of the Indiana field.
During the year oil pools of great Importance
have been opened up, and more test wells
have been completed with good results than
IN any former year. The Peru field has been
the most sensational one, as over two hun
ured Well6 have been completed in less than
TOUR months, and at one time the daily pro-
auction OF the active pool was close to 1000
Darrels, While now 1t Is not much greater
tnan thousand barrels, owing to the large
amount of water that has made its appear
ance in the guShers. This signifies short life
The Alexandria pool has been another one
OF great Importance. but nothing like the
Peru field. but it's future Is far better. In
the alexandria pool some large producers
nave been completed during the year, and a
great number of failures but the daily out
put or the pool at the present time is close
70 6oO barrels, to say nothing of the field
opened up near the hamlet of SumnitviIle
about eight miles northeast from Alexan-
dria. This pool is likely to develop into one
OF the important ones of the entire field
me com ng season will be an interesting one
as new territory will be opened An impor-
tant well is under way at the hamlet of
Walton in Upton township, Cass county.
ana several miles southeast from Logans-
port, that will test scope of land
Inc Broad Ripple field will, without a
doubt, spring into prominence ere long, as
It cannot always stay in the background.
Tor there is certainly a field of no mean
magnitude in Marion county. Delaware
county Is another one Of prominence in the
future as Is Randolph county and several
otner counties along the great gas belt The
territory around Francisville and Royal Cen
ter mas not been tested to the satisfaction of
the trade and the summer months will show
some work there, as well as in northwestern
Indiana, close to the Kankakee valley 1t
is evident by the developments already made
In the field that the heaviest part of the oil
territory VIII be found to the southwest from
montpelier, along the north side of the gas
peit, while the same can be said of the south
slde where wells of smaller capacity will be
round. ThereN is great future in store for
the people of this State for years to come in
the oil and gas business, and the most i'm
portant point at the present time is an adj
vance IN the price of the product That alone
VIII cause great activity.
PRICE OF OHIO AND INDIANA OIL,
AT the close of business in 1894 the price
paid for oil in the Ohio and Indiana fields
was So cents a barrel for North Lima and
80 cents a barrel for South Lima Ind In
diana products. Now the price IS 46 and Al
cents, respectively.
Tine following tables give the number of
wells completed in each county for each
month during the year now closing. in the
lndlana held and are the only figures of
the kind that are compiled for the benefit