Marietta daily leader. (Marietta, Ohio) 1895-1906, 1899-02-04
Oil Notes..
YESTERDAYS MARKET.

/
Newcastle, $50. .......... ...... 90
North Lima ...... 80
South Lima..... =. .... ... 75
Bartmess & Co have reached the
sand in their well on Schilling and 1t
is looking good. It will not be drilled
in before Monday.
A pumping outfit has been taken to
the Pottmeyer farm on Horse Run, but
for what well we were unable to learn.
The oil business for January Is pret-
ty well covered in the following from
the Oil City Derrick:
There was a general falling off in
new operations during the first month
of the new year, while wells completed
and production both showed decided
gains. The tremendous activity in
| field work seems to have reached its
climax in December. In Ohio and In
diana, November proved the banner
month in this particular. The gain
in new production is largely from the
districts of West Virginia and South
eastern Ohio. In the older sections of
the region there Is noticeable dispo-
sition to check the work of the drill;
this is particularly apparent in the
Bradford and Middle fields. The AL
legheny field, in New York State, COM
pleted more wells in January than in
December, and shows a slight increase
in active operations.
The new Berea grit development
near Scio, in Harrison county, Ohio,
proved the center of attraction during
The past month. A large area of prof
table territory has been brought to
light and producers are moving ahead
with confidence and energy that has
been seldom witnessed since tie be-
ginning of the Bradford and Allegheny
fifty producing wells. with a daily
yield of close upon 1000 barrels. At the
close of the month there were over a
hundred rigs and drilling wells under
way in this district alone.
A number of good-sized deep sand
wells were struck during the month
and there is a large amount of this
sort of territory still remaining with
in the interior of West Virginia. 1t is
costly to operate and its development
is necessarily slow. A pool like Scio
can be drilled over and the greater
amount of its production exhausted
within a few months, while the eX-
haustion of the deep-sand areas OF
West Virginia will prove the work of
years.
In psita of the prominence recently
gained by the fields of Southeastern
Ohio, the districts of the Southwest
continue TO supply the greater bulk of
the new production and new opera
tions. More new wells were complet-
ed in the Southwest in January than
in December, and there was a consid
cradle increase in the new production,
but field operations show a decline.
For the month of January. 6,511 bar
rels of the total new production came
from 1872 wells in the Southwest, leav-
ing but 3,141 barrels to be supplied by
254 wells scattered throughout the
country from Allegany, in New York,
to Corning, in Southeastern Ohio.
Fifty-four productive wells in the Scio
and adjacent sections are credited with
2,196 barrels production, so that 200
new wells drilled last month averaged
less than four and a half barrels apiece
During December, IT'S producing
wells of the Southwest supplied 6,O39
barrels of the new production leaving
but 2,760 barrels to come from the re-
naming 24S paying wells completed
during the montn. Thus, while the
Southwest wells averaged nearly 35
barrels each, all the other new wells in
the region averaged a little over IL
barrels each. Mannington's new wells
averaged So barrels each for December
while those of Southeastern Ohio av-
eraged about 38 barrels each. For
November the figures show that the
Southwest was credited with 6,733 bar
rels of production from 1876 producing
wells, while all other portions of the
Eastern oil fields completed 256 pro-
ductiye wells. whose total output was
but 21SO barrels. In October the
Southwest, with 159 producing wells,
had 5.765 barrels new production,
while the remaining 254 wells COM
pleted in the other sections of the pro-
duclng regions were making less than
1000 barrels a day at the close of the
month.
The net results of the drill for the
past month in the Eastern and West
ern oil fields, are 925 wells completed
16,452 barrels of new production and
1872 dry holes. A falling off of 16
completed wells is attended with gain
of 1,433 barrels production. There was
a loss Aof 10 dry holes from the report
of the preceding month. There were
941 wells completed wells in December
in the fields producing ePennsylvania
and Lima oil, and while 1872 We're de-
void of oil in paying quantitl' S, the
output of the remainder summed III
1903 barrels. Compared with No
vember there was an increase OF two
wells completed and decline of 1856
barrels in production. In November
943 wells were completed in the East
ern and Western oil fields, Including