Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1902-12-19


most endeavors on the part of oil
operators to increase their daily
yield, the production of Pennsyl-
vania oil, as determined by the pipe
line runs made a drop of over 5000
barrels a day during November.
The shipments at the same. time
were decreased over 1000 barrels
a day but they still exceeded the
runs by over $4,000 barrels day,
and the stocks were drawn upon to
the extent of nearly 100000 barrels
to make up the deficiency. The
difference between the runs and
shipments of the Buckeye pipe
lines was nearly a. 900 barrels but
the net decline In the Buckeye
stocks was about 5000 barrels a
day. Both production and con-
sumption show falling off as com
pared with October, but at the
present rate of decrease the surplus
stock would be wiped out In a little
over three years.
These facts admit of but one con
clusion. In spite OF the tremend'
Gus activity of the drill, the older
sections of the producing regions
are no longer able to maintain the
demand for crude petroleum and
the growing want OF the industry IS
new developments and new fields
It Is little wonder then that all eyes
are turned toward Kentucky as
coming source of supply. But
whether or not this great southern
State, with Its immense areas OF
virgin territory, will ever be able
to offset the declining fields OF
West Virginia. Pennsylvania and
Ohio Is still an open question tor
the future to solve.
While the daily average runs for
October fell short of those of the
previous month by less than 900
barrels a day, the increased demand
for Pennsylvania oil brought about
a heavy increase In the shipments
and the net reduction In the pipe
line stocks amounted to over H.
500 barrels a day. At the same
time the demand for Lima oil, as
shown by the difference between
pipe line runs and shipments, ex
ceeded the supply By over 5000
barrels and the net reduction In
the stocks for the month was over
1o2 900 barrels. The reduction In
the stocks of both Pennsylvania
and Lima oil was at the rate of
over 10000 barrels a day for the
month. This average was slightly
exceeded In November. The Sep
TENDER runs of Pennsylvania oil
we're the heaviest of the year and
only few thousand barrels below
the shipments, so that the decline
In stocks was not large.
The net decline In the stocks of
the Pennsylvania and Lima oil
fields during November was $780,
2oS barrels and during October
5e1,6o3 barrels and the total stocks
at the close of November were the
smallest since February, 1900.
During September the net decline
was 2o7,S5o barrels. The August
decrease was 422,377 barrels. Be-
tween December 81, 1900, and De-
cember 81, 1901, the Pennsylvania
stocks decreased 3,754,296 barrels,
while the stocks of Lima oil made
gain of 2,3771,7S barrels. July
was the only month of the current
year to record an increase.
The average daily runs of Penn
sylvania oil were $4,000 barrels In
November, a drop of $3.50 barrels
from October. The October runs
were eo,o5o barrels a day, or 866
barrels less than the average for
September. The September runs
of Pennsylvania oil averaged eo,916
barrels a day which was gain over
August of q 1896 barrels day. The
Pennsylvania runs for September
were the heaviest of the current
year and greater than any month
since August, 1901. The runs for
November year ago averaged 49,.
eo7 barrels day.
The shipments of Pennsylvania
OH for November averaged o6.623
barrels day, or 1906 barrels be.
low the figures for October. There
was a heavy gain In the shipments
of Pennsylvania oil during October,
but the average was over 1900
barrels a day short of the April