Sistersville oil review. [volume] (Sistersville, W. Va.) 1896-1901, 1898-07-20


PENNSYLVANIA and decrease in the
stocks of Lima oil are again the
prominent features in the monthly
statements of the various pipe lines.
The runs of Pennsylvania oil show
a decline of nearly thousand bar
rels day in June while those OF
the Trenton rock regions were in
creased over eleven hundred bar
rels day. TIE shipments OF both
regions were largely Increased DUR
ing June, that of Pennsylvania be-
ing nearly 1000 barrels a day IN
excess of the previous month.
Pennsylvania stocks have been
gaining for the past FIVE months.
The June increase was over 1885,
900 barrels, while that of May ex-
ceeded ESQ 900 barrels. The stocks
of Lima oil were reduced ooe,4o4
barrels in May and 5So,7o6 barrels
in June, so that the total decrease
in the available stocks was over
;21, 900 barrels in May and 444,oo7
barrels in June. The consumption
of Lima Ill was over $4,000 bar
rels day in May and June, over
$4,000 barrels in April and more
than II 900 barrels day in March.
The total production OF Penn
sylvania oil for the first half of the
present year, as shown by the
pipe line runs, has been $1,000 bar
rrels a day. The total pipe line
runs for the year 1897 were a.
724, 6S4 barrels or daily average
of 95,136 barrels. The present year
is likely to tall very much short OF
these figures, as the daily average
thus far is 1875 barrels below that
of the preceding. Unless some new
territory is opened up before long
the pipe line runs for 1898 will not
exceed 80, 1000, 900 barrels.
The average daily pipe line runs
for June were $3.50 barrels, or
o2o barrels below those OF May.
The May runs of Pennsylvania oil
averaged Sc, 48S barrels which was
decline of 1880 barrels a day
from the average for April. The
runs of Pennsylvania oil for April
averaged SS,41S barrels a day,
which was 2,3s7 barrels day be-
low the average for March. The
runs for June year ago were o.
oo5 barrels, so that the decrease as
compared with twelvemonth back
is II 436 barrels. The March runs
averaged oo,775, the February 81
23o. and the January 88,5 barrels
a day.
The shipments of Pennsylvania
oil for June were I,I6o barrels a
day, which is an increase of 1912
barrels over the May average. The
shipments for May were 771SS
barrels a day and for April So,713
barrels. The March shipments
averaged "a 6SI barrels a day, or
$3.50 barrels in excess of the Feb
ruary average. The average daily
shipments for February were 49,
14S barrels or 1898 barrels below
the January and 1860 behind the
December average. The average
for January was 90 67I barrels, as
com pared with IS So7 barrels In
December. The November ship
ments- averaged 1Io,42o barrels
day, while the shipments for Octo-
Der were 117,o5o barrels day.
The net stocks at the close of
the old year were Io,799,652 bar
rels. During January there was
decrease of I53,334 barrels, fol-
lowed by an increase in February
of 81 400 barrels, of 1914, 500 bar
rels in March, of 23a,o72 barrels in
April, of 299, 2S4 barrels in May
and of 135,o4o barrels in June,
making the net stocks for June 80,
11,7S,S77 barrels. This added to
the net stocks of the Buckeye and
other pipe lines, handling Lima
oil, makes total of 3o,S24 o97 bar
rels, which, at the present rate of
decrease, would last about six years,
The net stocks of Lima oil held
by the Buckeye and other lines in
the OHIO and Indiana fields have
been steadily decreasing since last
November For June, the decline
was 5So,7o7 barrels. During May
there was falling off of 6o9,4o4
barrels. For April this decline
amounted to 67o,354 barrels, for
March 726,o55 barrels and for Feb