The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-09
IN THE OIL FIELDS.

The Elk Fork oil territory in the in
terror OF Tyler county is attracting the
attention OF the oil men more now than
anything in the state. The recent de-
velopments have shown that pool OF
considerable magnitude has been open
ed up and during the next couple Of
weeks the territory Will be pushed to
the front by the drilling in of quite q
number OF wells. Some Of the wells
which are about due now are consld-
cradle distance in advance of develop
ments and are very important as tests
OF the territory. Up to the present time
there have been about forty wells COM
pleted in this section and OF the entire
number only three or four have been
dry holes. This is a magnificent show
ing for a new pool and there has not
been a pool in the state that has done
as well.
The production of the Elk Fork field
Is holding UP nicely and amounts to
about $500 barrels DAY. Following Is
the guase OF the wells which are pro-
duclng more than one hundred barrels
day: Woods No. /. 10; Woods No. 2,
10; B. f. Hawkins. No. 2, 2T5; No. 3.
10; No. 4, $50; No. 8, 40; Roberts No.
/. 100; Joy No. 2, 100; S. A. Kellar No. /.
325; Foster OIL Company's d. f. Haw-
klns No. 3, 125; No. 4, $50; William
Pickett No. j, 200: II. ]. Asher No. 2,
$50; No. 3, 100; j. Il, A. Hawkins No i.
$50. No. 2, 200: No. ., 100; j. Williams
No. !. 40; W. Farrell No. /, 100.
Besides the wells mentioned as max
ing more than one hundred barrels
day, there are several that ore making
from ten to ninety barrels n day. and
this all taken together shows big pro-
ductlon for this little pool The con-
sensient opinion among the talent here
is that the Elk Fork pool will make one
Of the most productive in the state as
soon as Il has been developed little
more, and that It will be second in pro-
duction only to the original Slstersville
pool. There are about twenty strings
OF tools running there at the present
time and every day new wells are be-
ing started. The operators holding
stun In that territory are pushing their
work along ms rapidly as possible, as
they all want TO get In on the ground
floor and get a good share Of the oil
before the pool commences to decline.
There viii be ten or twelve wells due in
the sand during the next week or ten
days, some OF which are very Import
ant.
There has been no change in the price
OF credit balances during the past few
days, and eighty cents Is still being
paid for Pennsylvania oil. During the
past ten days the price has suffered
three declines and this has dishearten-
ed the operators 10 great extent.
Most Of the producers IRE holding their
oil and will not sell for q short time In
the hope that the price may advance.
The Fisher oil Company has complet-
ed It's well on the futile farm, In the
Elk Fork territory, and will have a
very small producer. This well Is quite
disappointment as Il Is located only q
short distance from No. i, on the $. a.
Kellar farm, which Is making better
than three hundred barrels day
Two OF the important wells which will
be due In this territory during the next
few days will be Nos and on the s.
A. Keller farm These wells are both
in close proximity to the first wen drill
ed on this farm and there Is every reu'
son to believe they will be big pro-
ducers. They will be due in the sand
this evening or Tomorrow.
The Fisher oil Company drilled No.
2 on the futile farm to the top OF the
sand, and II n showing up for big
we'll. This well Is only one location from
No. l. on this farm, which came IN last
evening IA very small producer,