The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-08-09
WEEKLY OIL REVIEW.

oil men are In much better frame OF
mind than for many long months. says
"D. S. w." in his weekly oil review.
The advance in the market stopped a
little short of where they hoped Il
would land when It started up two
points at jump. but despite that fact
they are much encouraged and say So
cents beats 65 cents by good wide
margin,
Local operators are beginning 10 rea-
lie that the market Is nearing the
mark that will warrant their commence
Ing operations In light territory. Work
Of this character has been and is now
starting In Allegheny and Washington
counties A three or five barrel produce
err located where It can be operated In
connection with other producing wells
Is not bad investment. even with no
better price than the ruling figure for
Pennsylvania crude.
Reports from Ohio and Indiana all
bring the intelligence that most mo-
tIceable revival in field work has start
ed In old territory dHd the wildcatter
Is punching holes in territory not pre-
Viously regarded as within the proba-
billy OF the oil producing district. In
diana seems to have more allurements
for the festive wildcatter than the
Buckeye state and the remainder OF the
year will see the development OF a
large amount Of territory and the dis
covery OF some new pools.
In the eastern states, West Virginia
Will be In the lead with new pools. 1t is
not expected that the new discoveries
will be large in area, but each will exert
some Influence In holding up the pro-
ductlon. In a recent interview with a
no less authority than Colonel ]. j. Car
ter, he stated that It was his opinion
that no more big pools would be dlscov-
cred IN the Mountain State. He thought
there would he many fiashy pools Of the
Elk Fork and Whisky Run kind found,
but In the end few would make and the
many lose on the money invested. IA
an illustration, he cited the Whisky Run
pool as one that gave small returns.
Less than two hundred acres proved
producing territory and 1t had been
surrounded with small wells or dry
holes. The Centreville development, he
said, was a failure and Wilson Run on
the Ohio side was TOO spotted for COM
fort. AT Jackson Ridge In Monroe
county, there ID some new work start
Ing, but 1t IS Keener sand territory and
has not been held in high favor, There
will be, the colonel stated. good deal
of inside drilling, but the old pools have
been very fully defined. He said he was
not posted on the deep sand territory,
but so far as Tyler county was con-
cernea It was not likely TO be extended
beyond It's present defined limits. The
outlook, he thought, was very encour-
aging and II was his belief that the
"boys" stood q good chance to make
some money.
The frst two Of crop OF new wells
located near Brlstoria, Greene county,
we're drilled in during the past week
and neither got Into the gusher list.
The South Penn Oil CompanV's No. 2,
william Perry, Is put down as good for
only twenty-five barrels day, while
the Emma Woods No, Is good for 100
barrels day. Both wells fall below
what was expected OF them. Greene
county has thrown the talent down
hard on more than one occasion. There
will be more Brlstorla test wells heard
from in short time, and the new Free
port development will come to the front
with one or two new attractions during
the week.
In the local fields the flfth sand de-
velopment in Allegheny county and on
the line OF Butler county is attracting
the most attention,
The Mullet well on Little Deer Creek,
has dropped from sixty to forty barrels
a day, and the McGinnis well on the
edge OF ButlGr county IL down to TWEEN
ty barrels day. Mr.. Phillips drilled a
test well on the Jacoby farm on Little
Deer Creek. Into the one hundred foot
sand last Saturday. that Is reported
showing for n good producer from that
formation. This was nm unexpected
discovery since the we'll was started
with Il view to extending the dtth sand
development more than mile 90 the
north. Two dry holes were completed
in the Diiks district during the week.