Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-07-07
also expressed himself as being favor
able to the candidacy Of CapeIl Z.
Weems.-Belmont Chronicle.
OIL NEWS.
Special to the Register.

Special to the Register.
SISTERSvILLE, w. Va. July 6.-One of
the most important happenings of the past
week has been the change in the price of
credit balances, which occurred yesterday.
1t came apparently in the way of a cele-
bration of the Fourth, and the operators
would like very much to have a few more
such celebrations.T TIL market for Pennsyl-
vania crude advanced four cents on
Wednesday. and of course the operators
are correspondingly happy. The price of
the other grades of oil all advance from
two to four cents on each grade and it was
a general makeup all around. The cause
of it is not apparent any more than the
cause for the decline of some time ago.
1t is true the report of the field condition
at the first of the month was rather bear
ish, but little things like that very seldom
have a tendency to affect the market either
way. The amount of oil being produced is
growing beautifully less each day and it
is to be hoped that it will not be a very
long interval until the Standard will be
compelled to put the quotations even
higher than they are at this time.
1t looks very much now as though there
would be no pool in the vicinity of Mid
dlebourne. The wells that have been drill
ed in around that town during the past
three or four years have all been very bad
ones, and those of a couple of days ago
in the town were no exception.
One of the sensations of the past few
days has been the we'll recently drilled in
on the English farm over in the Wilson
Run district by Boggs 81 Co. This is their
eighth venture on this farm, all of which
haxyn I1or rood --1I,41,- L,,+ t1;. Ia-+
one is the cracker-jack of them ali. In
fact, it is the largest well that has been
drilled in in any of the oil fields of the
country for some months. When the well
was drilled in it started off at the rate of
about rs barrels az hour and kept that gait
for several days. Since then it has settled
down to about 50 barrels an hour and has
been making hat amount of oil for more
than a week. The well is located in ter
ritory that has been drilled over for the
past couple of years, and while it opens
up some territory, it is not believed that
the pool is a very large one TIL well is
probably located over a pocket and will
do something like the famous old Dye
Brooks well out on Middle Island did. All
the territory over there that can be gotten
hold of is being taken up and it is likely
there will be a great deal of new work
started in a short time.
Shay & McMullen's No. 2 on the Taught
farm, which was shot a few days ago, is
reported to be making about 400 barrels a
day. This well is located in the southern
part of the Berea grit territory of the Elk
Run pool, and was quite a surprise as
there were no wells close to it that were
doing better than 100 barrels a day.
Boyd Bros. & Co. nave the rig up and
are ready to start spudding at their No. 8
on the Hoyt farm, located a little to the
south of the well mentioned above. They
will be started the last of the week.
l 200 feet at their No. 6 on the Smith farm,
the farm on which the well which opened
the field is located.
The Carter Oil Co. is drilling at 1000 feet
at their No. s on the Musser farm.
Cummings & Co. have made the location
and are building the rig for their No. Z
on the Mary Smith farm. They will start
spudding the early part of next week.
The Granite Oil Co. is due in the sand
it their No. 2 on the Miller farm. The
well should have been in to-day, but up to
the time of writing this nothing has been
heard from it.
Cummings & Co. started ~spudding to-day
at their No. ! on the Knutty farm.
Shay & McMullen started to-day at their
No. 3 on the Taught.