Sistersville oil review. [volume] (Sistersville, W. Va.) 1896-1901, 1898-12-07
OIL NOTES.
THE OIL MARKET.
From Saturdays Daily

]. w. Henderson & Co.'S No. I
Reishman at Wilson Creek has
been drilled in. but no definite in
formation as to the result is obtain
able. It is safe to assume that the
hopes for a big thing were not we'll
founded, and that the producing
ability of the we'll falls far short of
what was confidently expected by
the company. Mr.. Henderson was
in the city yesterday morning, but
was non-committal, and the infer
ence is that this secrecy would not
follow if the we'll had met the an
ticipations. It is certainly to be
regretted that the rich strike ex
pected was not made.
The report current Thursday that
Boyers & Co.'S No. I-24 Fluharry
had been drilled deeper and was
producing at the rate of 500 barrels
a day was only partly true. The
work of cleaning this we'll had
started and the agitation which en-
sued had the effect OF increasing
the production about one-third.
This we'll was only lightly tapped
in the Big Injun at first and has
since been making nearly $50 bar
rels day regularly without any
further drilling. There is no doubt
but that the we'll will prove a per-
manently valuable one. 1t will be
thoroughly cleaned and shot in
few days.
The imbroglio in the affairs of
Boyer & Co., owners of the Fluhar-
ty lease in the northeast extension,
as given in a local paper last even
ing, was as much news to the gen.
tleman of the company as to any
one else. A prominent member of
the company stated to Review re
porter last evening that the report
was fabrication, pure and simple.
There are no local suits pending,
set forth in the article in question,
aud, so far as the knowledge of our
informant extends, no 1tangle-
ment whatever. The only dispute
in the business of this company re-
suited, as chronicled by the Review
at the time of It's occurrence, in
putting fifty acres of the lease into
the hands of a receiver.
Joshua Russell, who is one of a
company which has purchased a
block OF leases at Harmer Hill, a
short distance back from Marietta,
left for the property yesterday, and
will start the rig for we'll at once.
The Wolff Penn Oil company's
No. I on the John Wetzel, in the
northeast extension, is now down
1000 feet. The rig for No. will
be building Monday.
E. Roach, prominent contractor
with the Kanawha Oil company,
was in Marietta yesterday, and was
making inquiries as to the devel-
opments in that territory surround
ing that city. The information he
received favors the opinion that an
unusual amount of "wildcatting"
will be done there the coming win
ter, and that the prospect for strik,
ing some new pools is very bright.
There is not so much at stake over
there in drilling a test we'll, as the
cost of operation in shallow terri
tory is comparatively nominal.
Mr.. Roach is also convinced that
many tests wells will be sunk about
the St. Marys development.
No. IS, ]. T. A. Hawkins, in the
northeast extension, the property
of L. A. Brenneman, receiver, is in
and showing up for production of
IS barrels day.
Barnsdall's & Co.'s No. 1, wild
cat on the John Hendrickson farm,
or what Is better known as the
Crum farm, came In yesterday af'