The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-25
WEEKLY.OlL REVIEW.

4 a campaign ot.completed work in the
lower southwest field during the past
week and the results obtained there
from were the least satisfactory. from
. financial Standpoint, of any week for
mary moons, says ID. S. Win his
sweekly:review OF oil. The. investors are
Z not taking much comfort out OF their
experience, but the dlsinterested opera
tors are notSlosing any sleep over
multiplicity of dry holes and small wells.
with still greater decline In produce
ton and no new pools in sight a better
market may be expected, and just at
present things seem TO moving towards
that end. The month Will show a de-
cline in new production and operations
and an Increasesin dry holes. &
y The Meredith development, near Cen
&terville. Tyler county, Is the only local
sity about which there is any uncer-
tainty at this time. The southwest ex-
tension OF the Elk. Fork pool furnished
some nice producers during the week
but the wells completed in advance OF
Z Developments that were expected to
show continuance of the rich produce
Ting streak proved d!sappolntmcnts In
size and gave warning Of the approach.
2us, cru. lUul VILE
prolific producing streak has sustained
zthe production of the pool, but the
amount OF new oil 1t will contribute this
month Will not equal that OF December
5 by at least half.
,ls,SThe deep sand territory in Tyler
SWetzel. Doddridge and Marion counties
s IS behind the record so far In the month.
Gushars have been few and busters too
NUMEROUS for the comfort OF bank ac-
count and a sixty-fve cent market
However. there is a vast area of devel-
foped deep sand territory and 1t will no
i doubt furnish large amount Of rev
production. z a..
courty shows more activity
than any OF the lower southwest coun-
ties; operations are spread over great
1er acreage. The Hepdershot pool has
the greatest number of 3wells drilling
Z and the results are the most uniform
Z or the last four wells completed in that
development all were producers with
Z an average daily production OF seventy
4 barrels. The Ogden extension shows
the game number OF wells completed.
i but the average daily production was
: higher
Richie county will show an increase
.$tn operations The new development
near Richie Mines has given an impetus
Ito new operations.
e The Cow Run sand territory, In Tyler
{ county Is showing some life; there are
y five rigs up and three wells drilling.
New explorations on Wilson run,
Washington county, are awaited with
some littic,interest. The last two wells
Il completed were large producers.
Greene county furnished another
3 duster during the past week. The well
CON the StagBers farm, a mile northeast
%ot the good producer on the Wood farm,
I was drilled through the sand and failed
: to find the pay. The well was located
\ on a line between the Brlstoria and the
r GraysvIlic developments with q vIewto
Z finding connecting belt 49,
go Tho only thing to attract the .atteH-
+ ton OF local operators during the week
was the fourth sand strike on the Asher
I farm, east OF Wildwood. From the
showing made when first drilled Into the
3 sand It was thought It would make a
$twenty or twenty-five barrel producer.
I: Late information places Its production.
< at nyc barrels. 5Sll 81 ~
st5 The past seven dayB have shown quite
4 n decline in the production Of the larger
4 wells In the Elk Fork pool. There are
n but twenty-five in the list producing 100
or more barrels, as against twenty-nine
& n week ago. The production OF the
wells is given at 3,e45 bar
rels, q decline OF almost ] 600 barrels
y from the record OF the previous week.
,t'rhe average 'dally production OF tho en-
Z tire pool for, the. FIRST twenty days OF the
x present month was about 500 barrels
n below the December average. Tho total.
y production OF the pool for the month OF
2 December was 2h,s91 barrels. While
yhthere Is quitea noticeable decline in, the
4 production Of the larger wells forEthe
Z past week, the; old wells are not falling
X below a good daily average and are re-
j sponaible for maintaining the aggregata
y output OF the pool, But i've OF. the wellB
!. tnEt The HIST are producing 200 or more
barrels n day. Tho Agnes Carroll No.
n % owned by the Fearless OIL Company,
\ heads the list With go barrels a day,