Sistersville oil review. [volume] (Sistersville, W. Va.) 1896-1901, 1898-10-05
OIL NOTES.
THE OIL MARKET.
From Saturdays Daily.

ne OUTLOOK III LuS uOlluSdSlClu
extension of the Elk Fork field is
perhaps the best of any of the fields
in West Virginia at the present
time. During the week there has
been very little of interest taken
place in that territory with perhaps
the exception of large number OF
new wells being started. There is
at the present time about twelve OF
fifteen new wells being started in
that part OF the Elk Fork territory
and during the next thirty days
there will be some interesting de-
velopments tfrom out there. All
the wells that have been drilled in
in that section up to date have been
good producers and there is every
indication and every reason to be-
lieve that good, big pool, possibly
one as large as the original Elk
Fork pool will be opened up there.
At this time the indications for such
an occurrence are very favorable
and it would be very small sur
prise to no one if such would be the
case. All the wells which have
been drilled in out there up to the
present time are holding up in
their production in first class shape
and this fact alone denotes that
there is something more than a
pocket in that end of the field.
Of the new work being started
in that field the firm of Treat &
Crawford have two wells drilling
on the Wetzel farm. Their No.
on the Wetzel farm is drilling at
about 900 feet, and their No. 2 is
drilling at about 400 to 500 feet.
These wells are in close proximity
to the we'll drilled in on the Glen
denning a short time ago. which
started off at the rate OF better than
two hundred barrels day, and
there is very little doubt but that
they will be good producers when
drilled.
There were several wells due in
the sand out there during the week
but none of them have been heard
from.
The Henry Oil company had a
well due on the Gorrell farm on
Friday, but up to this afternoon it
had not been heard from.
Childers & Co.'s No. I on the
Henthorn farm, the we'll on which
they drilled for so long, should
have been in the latter part of the
week, but it, too, has been delayed,
and has not yet been heard from.
Another we'll which was due in
the sand yesterday was the South
Penn Oil company's No. S on the
Cunningham lease.
Every person who has a piece of
territory within miles of the north
east extension is making prepare
tons to drill and the work will be
done at once.
The fact that the market was on
the advance during a portion of
the week put a great deal of ginger
in the operators doing work in that
section and they have all braced up
quite a little and are making prep
arations to test their holdings. It
is expected that during the coming
week there will be quite a number
of wells started there possibly as
many as during the last week, which
was about dozen.
During the next week there will
be several wells due in the north
east extension of the Elk Fork
pool. The South Penn Oil COM
pany is drilling we'll on the Gun
ningham farm which should reach
the sand about the middle of the
week. Then again there is the
well being drilled by Bruner & Co.
on the Lowery farm. The casing
will be put in that well the first
of the week and it should be in not
later than Thursday. The Eastern