The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-03
lEBRUARY8oIL REVIEW.

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The most startling feature In The
monthly Held repor, Tor February 10 The,
heavy decline In new proanetion, says
the; OH City Derrle,es review OF opera.
lions In the eil zelda for Ecerrary. Elk
Fork SCENE 70 have retired permanently,
ito the rear, and gusher strikes in the
deep sand territory OF the southwest
have been few and far between. Not
slnce February three yeafs ago has the
volume Of new psoapetlon shfunk to
such small proportions 1nlnew opera.
lions the figures Tor the pact two month";
are very nearly a ssandoff. the riss hay.
Ing Increased 10 a sufficient amount to
nearly offset the decrease In the number
Of wells drilling. The advancing market
has had mo apprccia bic effect as vel, In
stimulating die field activity, but higher.
priced oil Will Undoubtedly bring about
general revival IN drilling operations,
The biggest drop In new productian Is
recorded an the districts or the Gouth-
west. which,, for several months past,
have supplied the bulk OF the output OF
fresh oil and played the most important
part In holding up the pipe line runs.
These districts during January CON.
pleted 164 wells, with O. new production
OF S,ls5 barrels; during December, l66
wells. with s, $50 barrels and during No
yenIber. lS9 wells, with S,Sii barrels pro-
ductlon. This remarkable uniformity
in production was broken the past month
when the wells completed numbered but
lsl and tho new production fell on 20
1914 barrels. r
In the northern oil fields tho usual
quletude prevails, and nothing out OF the
ordinary has occurred. The promising
new. pool, at jacksonville, In the Middle
field, seems TO contain no mole wells Of
The gusher stripe, and Allegheny, Butler
and Armstrong sections are entirely des-
stltute OF interesting features. In the
various districts OF Southeastern Ohio
February and ten Of the number were
nine barrels, and the list OF new opera
tons included but fifteen rigs and drill
Ing wells.
new production OF the Pennsylvania oil
fields was above 10000 barrels a day. The
new yield for the first month OF; 1898 was
a little over 5000 barrels, and within a
few hundred barrels OF the figures for
last May. and about the same amount
above the total for January. 1897. March
showed the smallest report OF the past
year, when the output OF new oil was but
6,0o4 barrels. February'sl new produc-
tlon was n little over the 5000 barrel
mark, which Is the lowest point touched
since February. 1895.
Altogether. the sum total OF the wells
completed In the Pennsylvania and
Trenton Rock oil fields during February
was 500, Including 81 that were destitute
OF oil In paying quantities; the aggre-
gate output OF the productive wells was
but 1907 barrels. This is u decline of 100
wells, 1929 barrels production and forty
1--WE dry holes from the December re-
cord. The total number OF wells COM
pleted in the Pennsylvania and Lima oil
fields during January was 1876 barrels,
and the dry holes numbered 142. Com
pared with the December record. there
was a decline OF eighty-three completed
wells. LIS barrels production and tilir-.
teen dry holes. In December. $40 wells
were completed In the eastern and west