Sistersville oil review. [volume] (Sistersville, W. Va.) 1896-1901, 1898-09-07
NEW PRODUCTION
And New Work in Pennsyl-
vania and West Virginia
Fields-Incrcase I'm BOth-Some Facts
and Figures Relating 10
the OIL Industry.
Oil News.

A notable increase in all depart
ments of field work is recorded in
the monthly report of oil operations
for August. The increased activity
that has been apparent ever since
the advance started in the oil mar
ket is manifested in the net result
of the past months operations.
Previous to the month just closed
the increased drilling had no effect
in bringing about an increase in
new production. The output OF
the new wells in June declined
about 800 barrels from May while
July's yield from new wells was
nearly a standof with that of June.
August shows a net gain OF more
than two thousand and seven hum
dred barrels over July. Field activi-
ties in the Pennsylvania oil regions
have increased to 52S rigs and
drilling wells at the close OF April
to 733 at the close of August. The
new production for the past month
was greater than for any month OF
the present year since January and
the work under way has not been
exceeded since August 1897 when
it summed up 735 rigs and drilling
wells.
New pools are not looming up in
a very alarming fashion and on
every hand are heard complaints OF
lack of desirable territory. Still
the story of the drill reveals the
fact that the producer is finding
sufficient that is drillable to occupy
his attention. Of course the greater
portion of this is in what is consid-
cred defined limits and which under
a lower market would be passed by
as improbable to operate.
The new production of the Penn.
sylvania oil fields during the last
seven months Of 1867 was 10000
barrels day. The new yield for
the first month of 1898 was a little
over 10000 barrels. February's
new production was a little over
the 5000 barrel mark, which was
the lowest point touched since
February, 1895. For March the
new production was 5000 barrels
and nearly 1000 barrels in excess
of the new production for March a
year ago. During April the new
production again declined and was
only little above $500 barrels.
Mays new production was over
Zoo barrels and about 1900 less
than that of May last year. The
new production for June was $3.50
barrels, or 1866 barrels below the
record for June, 1897. For July
the new production was 5,oS5 bar
rels, or 1851 barrels below that OF
July one year ago. During August
the new production was increased
to S,49o barrels,Sas compared with
16,87S barrels for August, 1897.
There were AT wells completed
in the various districts producing
Pennsylvania oil during August;
1o2 were dry and the balance were
estimated as yielding $500 barrels
on the last day of the month. As
com pared with July, this was gain
OF o6 wells and 2,7o5 barrels pro
duction and a loss of II dry holes.
On August 81 the count Of the
Pennsylvania oil district revealed
255 rigs and Ats wells drilling,
which was loss of eight rigs and a
gain of II drilling wells as compar-
ed with the July record. At the
close of July there were 263 rigs
and 4o7 wells drilling under way in
the Pennsylvania oil fields, a gain
of 81 rigs and three drilling wells
over the record at the close OF June.
There were 226 rigs and 4o4 wells
drilling in progress in the Prem.
sylvania oil fields on June 80, while
the new work at the close Of May
was composed of 2I4 rigs and 3S6
drilling wells.-Journal.