Sistersville oil review. [volume] (Sistersville, W. Va.) 1896-1901, 1898-07-13

kersburg, but we do not want to
mention this particularly, only to
show by its own figures what gigan.
tic, malicious liars these Parkers-
burg people are. 1t says in the
Sistersville field 10 wells were com
pleted last month, and all know we
pay no attention to drilling in
the old field as we know there
are no active developments go
| ing on in the old field. still there
were nineteen wells drilled last
month. Now in Wood county,
which Forging ahead, 81 wells
were completed in June, exactly
two more than were drilled in the
old Sistersville field. Now, isn't
this Forging" with a vensea Ice?
You see the Parkersburg man don't
know anything about an oil field.
He thinks little pool of oil is an
oil field. But it does not require
any stretch of the imagination to
show how ridiculous this report is.
If we are not lin it," as the Senti-
mel says, with 10 wells, we are sure
Wood county with only two more
wells to its credit, is not Forging"
to any great extent.
Every reader of oil knows the
Standard Oil company's reporter
has been booming Wood county
as an oil field. Twenty.one wells
were completed in that famous pool
in June. The production was 500
barrels. These are all Berea grit
wells. Just set down and figure out
how many years it will take to pay
out for such wells. A field where
FL wells are completed in a month
is not a pushing oil field to go
crazy over. Aud especially is it
not much of a boom when the
Standard Oil company does The
drilling. Such place is marked
down in oil circles as a cemetery.
D. S. w. should cease these re-
diculous reports.
The Producers and Refners Oil
company, Limited, are again lead
ing the Standard purchasing agen-
cies in paying two cents more for
credit balances in their line, or 96
cents per barrel. Joseph Seep, the
purchasing agent of the Standard,
has not published any more self
explanatory" letters of late giving
reasons why he can not afford" to
pay more for the oil owned by the
producers. With the summer well
advanced and declining oil pro.
duction, no new fields in sight,
prices still too low to justify start.
ing the drill in small territory,
producers are certainly justified in
holding their credit balances until
such time as the Standard repre-
sentative can afford to pay them
prices which will compensate them
for their investment as we'll as
prices which are justified in
the markets of the world"
! The independent pipe lines
have always shown disposition to
treat their patrons fairly, but they
bave been compelled through lack
of capital and means to submit to
the arbitrary and unjust lnanipula,
ton of the Standard the same as
have the producers. The independ,
ent pipe lines have been the means
Of showing the oil trade the ipjus,
tice of Standard manipulation in
many instances.
The arrogance of the distin-
guished (?) officials of the Standard
Trust, in travelling over the oil
country and commenting on the
agricultural prosperity" of the pro.
ducers whom their methods of ilch-
ing has reduced TO poverty is just
at present in exceeding bad taste.
There has never been a time
when so many hard working, hon
- II o.o.ooL:o ,-oJ,,oayc bor-e