West Virginia daily oil review. [volume] (Sistersville, W. Va.) 1894-1902, 1902-05-29
SALEM. w. VA.


OH news In this section has been
very scarce curing the past couple
of weeks, and all on account OF the
fact that the South Penn OH COM
yany, which Is the largest producer
in this section, has shut down
large amount of Its work, but for
what reason no one can account.
There Is plenty of oil In this Sec
ton yet, very little Of the territory
having been drilled. Aud there is
oil here too, as witness the fact that
some of the best wells yet drilled In
the territory adjacent to Salem have
been those which were completed
during the past few months.
One of the possible reasons why
the South Penn has shut down so
many wells ard stopped work on so
many of the locations which had
been made Is that new president
of the company was elected short
time ago In the person OF James
Young, formerly of the Forest on
company. Young's history while
he had charge of the property of
any company was that he had al
ways curtailed operations. He Is
not like his predecessor. Noah F.
Clark, "the grand old man" of the
South Penn.
1t is not likely that the present
stagnation will last great while,
for the simple reason that the
grade of oil known as Pennsylvania
such as produced In this section. Is
very scarce at this time and the de-
mand Is much greater than the
supply. The report made by the
pipe line companies-those con-
nected or affiliated with the Stand
ard-show that the shipments are
great deal heavier than the runs
and while there is little oil In
stock, possibly few hundred thou
sand barrels,yet there Is not a sufi
cient supply to allow the Standard
to fill its contracts In foreign coun-
tries, to say nothing of supplying
home markets.
It Is true a great deal of the Indi-
ana and Lima oils are being mixed
with the Pennsylvania fluid and re-
4 fined, and 1t means very inferior
grade of Illuminating oil. and In
many places 1t cannot be sold at
any price. The most of this Is
shipped to foreign markets, bat
quite quantity of 1t Is sold In the
United States In sections where the
purchaser can get nothing else.
The concensus of opinion among
the of men In this section is that
there will be a general revival o.
business in a very short time aHd
that there will be more work done
in this county thar has ever beer
known before In Its history.
There Is little work being done
here at the present time, but 1t |.
not one-half what was done In the
winter months. Many of the con
tractors have been compelled Il
pile up most of their tools ane
where they had been running sew
eral strings some are now running
one, and many of them none at all
!: In territory contiguous to thi
field the Carter OH company |
. making preparations to do a larg
amount Of work. They have beer
receiving supplies In car loads. AM
it has been reported on good au
thority that they have made abou
so locations In Harrison, Dodd
ridge, Tyler and Richie durin
the past month. A few days ag
% this company drilled In wildca
we'll at Central Station, few mile
west of here, to the Big Injun Sane
: In which they got producer goo
for about 800 barrels day. Thi
welt has caused considerable ex
element, and there will be quite
number of others drilled In thu
vicinity at once. salem Leader: