Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-07-14
OIL. NEW
Special to the Register,

Special to the Register
SISTERSvILLE. W. Va, July 3D.
The principal occurrence in oil circles
since the last report published in these
columns has been the advance in the
price of credit balances. There has
been an advance of four cents in the
market since and of course the oper-
ators are correspondingly happy and
are making preparations for consider
able work. The price of the oleaglnous
fluid will have to go up a great deal
more, though, before the operators VIII
feel safe in making very extensive
preparation TO drill their wildcat mold
ings. The price of pipe of all kinds
used in the oil field has advanced so
rapidly and so high during the past few
months that the operators are Wiling
to buy anything they can get hold Oh
in the way of pipe, and they Will not
lay out money for new pipe at its pres
ent price unless the price of Oil goes up
to such a point that they can feel safe
in doing so.
The field, or pool rather, that has
been attracting the most attention DUR
ing the past week has been over in the
vicinity of Wilson Run and Elk Run.
There has been some good wells drill
ed in over there, and the indications
are that in the Elk Run territory they
are only now getting into the pool, all
the wells that have been drilled here
tofore having been on the outer edge.
The two or three big wells that nave
been drilled in over there recently have
had the effect of stimulating work
there to great degree and nearly all
the operators and producers who nave
territory over there are making prepar-
atoms to drill their holdings as rapidly
as possible, and it is likely there Will
be a large amount of work started IN
short time. The fact that the market
is going up coupled with that OF the
big wells which have been drilled IN
over there, will stimulate the opera
tors to renewed activity, and they Will
make things hum for while at least.
Wells are being located daily, and new
rigs are going up like mushrooms.
Garner & Affords we'll on the Men
dinhall farm, which was drilled to the
TOP of the sand few days ago and
started off at the rate of 20 barrels an
hour, is holding up at that rate and 1t
is believed that when it has been drill
ed in it will be good for more than
that amount. 1t is located north OF
the big well recently drilled in by
Shay & McMullen, on the Taught
farm.
The Henderson Oil Company has a
fishing lob at their No. on the Miller
farm in the same section, and there is
no telling when the well will be drilled
in.
Gordon & Yost have drilled their
well on the earns farm near the yell
low house in the same territory
through the Big lnjun sand and IL IS
drv in that formation. 1t will be drill
ed to the Berea Grit, and it IS likely
a well will be gotten there.
One of the surprises of the last cou-
ple of days was the drilling in OF
dry hole on the English farm, over
near Rinard's mills, by Boggs q 20.
The we'll was located but short dis
lance from this company's NO. on
the same farm, which was drilled IN
couple of weeks ago and started OH at
the rate of 80 barrels an hour.
Shay & McMullen's No. on the
Taught farm, which was drilled IN
little over a week ago and later was
shot, starting off at about ~ parrels
an hour, is reported now to be making
800 barrels day and holding up al
that figure in good shape.
On the Hoyt farm Boyd Bros. q 20.
have drilled in their No. and VIII
have a producer good for LOO TO zoo
barrels a day. Their NO. on TINS
farm is delayed by a bad fishing Jop'
and it may be the rig will have to DC
moved. as it looks like a plugged hole.
The Fisher Oil Company is due IN
the sand at their.No. on the Snod-
grass farm, over in the Wilson run de-
yelopment, but up TO this afternoon
nothing had been heard from it.
Special to the Register.
PARKERSBURG, w. Va, July 10
Near CORVALLIS, on the WaterDerry
farm, the Fisher Oil Company have just
completed rs barrel we'll, it being
their fifth venture.
Barnsdall & Meade have completed
a 20 barrel we'll on their S. P. Alleman
lease at Stilwell.
Charles Robinson, an oil we'll driller
of this city, left to-day for Peru, South
America, where he has gone to drill
oil wells. He will work at his trade
at Telara Bay, Peru, for an English
syndicate that has eighty producing oil
wells and three drilling at that place.
When Robinson arrives there will be
eight American drillers at that place
two of them have their wives with
them. They are much delighted with
the country and the climate, the Their
mometer having a daily average of 50
degrees and the nights being invariably
cool. Although it rains but once in