West Virginia daily oil review. [volume] (Sistersville, W. Va.) 1894-1902, 1898-07-15

the amo' %. required q. tae new
law.
The monthly report for The
month oil June is one OF the most
bullish that has been issued for the
past II months. The + cures fully
confirm the predictions made in the
Leaders weekly reviews, end
makes the field coudt, IN favorable
for higher prices ~ rude. The
most conspicuous fcatnIe Of the re-
port is the large decline In new pro-
duction as compared with the pre-
vious month, while at the same
time a greater number Of wells
were completed, shov ing that the
wells were uniformly small and the
absence of prolific territory. Whiie
it is a source of qualification to the
struggling producer to know that
the production is not being main
tanned, the report indicates more
activity than was shown month
ago. There were pver IS wells
more completed in June than in the
month Of May, yet the new produc
ton was nearly a DO barrels less.
Nor was there any pools or even
prospective terri'p developed,
Notwithstanding tSe fact that the
festive wildcatte has diligently
searched in every quarter for some
thing new. 1t is frankly admitted
that Whisky run as seen its hal
| o,I ,,N,i,iro he
pected form that quarter in the fu-
ture of importance. However, on
the outskirts thee is an occasional
fair we'll found, Tut this is regard
ed more in the light of scratch
than anything csc.
1t is thought by some that the
Stringtown distict, in Tyler coun-
ty, will soon boone an important
factor in bringing forth a big new
production, buA the writer fails to
see u, ION WHAT tenable grounds
these foundations are based. Surely
the past recorl of this section will
in nowise bea out such a conclu
sion, and if tie future of the dis
trict is TO b. Judged by its past
history lit is doubtful whether the
new productin will keep pace with
!, the decline af.ihe old producers.
In the L.a ids OF PENNSYLVANIA,
whtci inriH4e the Allegheny.
sradfaCd middle field, Venan =
Z go Claribl and Armstrong and
Butler dislict the wells completed
were of sG4a calibre, averaging
about siS l,atrels 10 the we'll.
A carsf,l analysis Of the figures
shows that during June nearly 40
per cent. cf the completed work
| goes to the record Of the great
southv1ts. district and which sup
mi,h BE- e1asI per cent. OF the
Win tne ne{yss,s ta>st,tl dc, c5 -,are5l
section IN May, theee is falling
OFT OF 10 per cent. Since the frs
OF the year the southwest has beer
on the decline and as each month
rolled around the new production
tell off. For the month Just ended
nearly $50 wells were completed
E In the southwest, making q
production of over 1900 barrels
About half a hundred of these are
credited to the ManniugtCn district
E with production Of over 2, 400 bar.
rels, making an average production
to the we'll of a little oveh 56 bar.
rels, and which is the best rAcord OF
the entire southwest. About 5oc
wells were completed in the fields
producing Pennsylvania and Lima
F oil In June. Over 90 OF Lhese were
non producers, while the remainder
make new production of over TO-.
drrels.
On the whole this is an increase
OF more than 100 completed wells
but the new production suffered a
loss OF nearly 900 barrels. In he
New York, Pennsylvania, West Viz.
gln1a, Ohio and Indiana oil nd
4So Z Is were completed in MAJ.
whitrIucluded over 100 dry holes
and the new production was over
II 200 barrels In the Pennsyl-
vania field alone there were corr
pleted in June about 500 wells, 81
or which were busters, and the new
production was nearly 5000 bar
RES. This, as compared with May,
u an increase of "a wells and de
crease in new production of about
1000 ~rels.
Our baby has been continually
troubled with collie and cholera ir
fantum since his birth, and all that