The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-10-31
WrnK1Y 81 RRvIRw.


The feature Of general interest to oil
men during the past week was an adj
vance Of three cents in the credit ball
ance market. only a small proportion
Of the great army Of producers have
any part IN new Developments, hence
the majority take only passing inter-
est in new discoveries. When the mar
ket changes. the result is different,
for It effects all the producers Of high
grade oil, whether It IS an appreciation
or decline. scio producers got the
wrong end OF the change during the
week, for their product was put on the
same basis as that Of Pennsylvania
crude. 81 s..
In field developments, there were but
two or three attractions worth men-
tloniHg. The new well northeast OF
Cadlz, Harrison county. Ohio. has re-
ceiVed more attention than any other
and It's performance has been such as 10
make tt, and the territory IN that ylcln-
ity, a strong fayorite with those VINO
operate in the sclo field. The Brlcker
wen averaged more than 100 barrels q
day for the FIRST two weeks after II was
drilled in, a showing not equalled by
any Of the hundreds Of wells drilled
previously In Harrison county. The
Bsrea formation in Harrison county
has shown wonderful staying qualities
and when this was taken IN connection
with the comparatively shallow depth
at which the oil Is found, from 1900 70
l,400 feet, Il Is not matter of much
surprise that operators showed q will
lingness to put up big bonuses to secure
leases. One hundred dollars an acre
and the usual one-eighth royalty on the
strength Of one well shows that opera
tors were not backward about invest
ing.
The work starting Is another evidence
OF the anxiety to develop the territory.
The Indications now point TO develop
ment that will rival the busy scenes In
the palmlest days of Sclo should the
Cadlz territory show that It has a SUI
flcient area to warrant starting the
work. There IS no gntnsayfng the fact
that the well on the Bricker farm has
made a better record than the best
wells in the Solo field. Theorists have
been busy showing how the Cadt2 terri
tory will connect up with Jewett and
Colerain. The same thing was tried Mt
ScIo, but in the end 1t was found to be
q
nected with any other. This will prob
ably be the case at Cadiz. Nature
seems to have located these Berea pools
without any regard for the twenty-five
and one-hale or 45-degree northeast and
southwest lines.
The Camden well, in Lewis county,
West Virginia, Is still an unknown
quantity. so far as the public informa-
ton goes. It, according to the owners
statement, has not been drilled any
weeks. In the opinion Of some, 1t will
since 1t was first struck more than two
regain Its prestige when 1t has been
drilled deeper. The owners say they
Will give 1t a thorough test this week
and determine It's status. Holders Of
| territory in that locality are not show
ing any great energy In starting new
work. Ordinarily, score Of wells
should be starting, but instead a half
dozen are all that have been commence
ed. The uncertainty Of what the
Camd VI well could do has been largely
to blame for the seeming lethargy.
The territory, for miles in every d.
Tecti0n from the well, has been leased.
but the holders are seemingly waiting
for pointers. The well is located east
of what had previously been regarded
as the limits OF the producing territory,
and, this no doubt has caused some tc
be n little skeptical and look upon the
Camden well as freak.
In the shallow sand territory In
Peasants and Tyler counties, theEe is
still much activity and the size of some
Of the wells is such as to mako 1t the
most profitable territory under develo3 j.
ment. Peasants county claimed new
strike at the mouth Of Sugar creek dur
Ing the week that will likely open UP
some new shallow sand territory.
The deep sand territory in Wetzei,
Monongalia and Tyler counties COM
pleted the usual number of wells, but
none Of them got into the gusher list.
Ordinary producers was the rule with
an occasional addition of buster to
the aggregation,
At Wettsvifte. Ohio. the excitement is
on the wane The late wells. with one
or two exceptions, have been small or
dry and the tests that were expected to
show an extension have been disap-
polntment.