Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1898-01-09
THE WEEK IN OIL CIRCLES.
Territory in the Vicinity Of Centre
Vile Attracts Attention.
The Victor's Well Drilled in This
Week Makes That Territory Look
First Class-Late News from All
the Field of the State.


the fields of the State during the week
was that in the vicinity of Centreville, in
Tyler county where the Victor Oil and
Gas Company completed their well on the
Smith lease a couple Of days ago. When
the South Penn Oil Co. drilled in its first
we'll on the Meredith lease some months
ago, it was generally thought it was
scratch and that the territory would not
amount TO a great deal, but when their
second well was drilled in about week
ago, opinion changed, and now that the
Victor people have gotten such good
we'll on their lease there is not the least
doubt but that there is a pool Of some
proportions out there. The Carter Oil
Co drilled in one well out there to the
northwest of the wells mentioned above,
and got dry hole, or at least it was re-
ported dry, but this does not cut any fig
ure with the stuff which has been devel-
oped.
The fact that the Victor people got
well in this part of the field which is max
ing not less than so barrels an hour shows
that there is certainly something there
and the operators are all turning their
eyes in that direction. A great many of
them are pretty cautious. and probably
perience with the Wick and Indian creek
pools which lost them quite a lot of mon
ey, but at that, when a lease is on the
market, they will try to tie it up in some
manner in order that they may be in on
the ground floor if there should be any
thing worth while there.
The wells mentioned above have opened
up large amount of new territory in
NIL rs.as,, rf 1nC
wells there is a block of territory of sew
eral square miles which has never been
tested to any great extent and it is prob
able there may be a repetition of the Elk
Fork field. That territory was drilled all
around for several years. and in most in
stances dry holes were the result, or the
wells We're so small it was not worth
while trifling with them. Finally COM
pany with a little more nerve went in.
and the first shot made ten strike and
opened up a field, the like of which has
not been found since the opening up of
the original Sistersville field. 1t is pos
sible the same thing may result in the
territory out at Cenreville. There have
been wells drilled out in that section be-
fore, and in such locations that the oper-
ators were of the opinion there was moth
and gets some good stuff.
There was very little of Importance in
the Elk Fork field during the week. For
some time there has been very little news
from that development for the reason that
nearly all the important wells are not far
enough advanced to say anything about.
There were several wells drilled in during
the week in the defined limits, but they
- rx-hat
The Hill Oil Company has moved the
rig at their No. on the j. K. Hill 1G0-acre
lease and the new hole has been started.
The dry hole drilled on the w. ]. Hill
lease by the Elk Fork Oil and Gas co.
few days ago, has apparently shut off
the possibility of an extension to the
northeast in the southwest extension.
There has been a line Of dry holes and
small wells drilled across the eastern
edge of that development.
The Hill Oil Co.'S No. II. on the J. K.
Hill lease will be due in the sand Tues
day This we'll is located opposite the
Fisher Oil Co.'S No. l on the Henthorn
lease which was a big well when drilled
in, and is still making better than 300
barrels a day.
In the vicinity of the Jug the South
on the Reppart lease, and have a small
showing of oil The well will be drilled
deeper and it is expected a good producer
will be the result.
Cobb & Glenn have shot their No. l. on
the Myers lease which was a very small
well but the result has not vet been
learned 1t will probably be fair pro-
Queer, as it is reported to have filled up
with oil after the shot.
Special to the Register
Parkersburg, w. Va, January s.
The No. well of the Independence
Oil Company, on the Ed, Wells So
acre lease, at CORVALLIS, was COM
pleted last night and is showing up
for at least a 75-barrel well. Loca-
lions for 4 and 5 on the same lease
have been made and the company are
in a great glee over their good streak
of luck.
Oil City, Pa, January S.-Credit
balances Csc; certificates closed offered
at 641Ac, and 651a for cash oil. Sales
cash oil at 651ac, 5000 barrels. Ship
| ments, 102 ,239 barrels; runs, 1861
| barrels.
New York, January S.-Petroleum,
| dull.