The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-06-28
REPORT ON PETROLEUM
GOVERNMENT GEOLOGICAL SURVEY
GIVES OUT A STATEMENT.
Attention Given to the Conspicuous
Features OF Production and
Sale OF Oil.

NiHe lVHoWlhg bulletin has heen issued
by tue United States geological survey. II
should he borne In mind that Il Is FOR rho
year 1901 and Is not inclusive of the rcnl
development Of the Texas and Loulsllua
hcldsO
III his report on petroleum in "Ailncrnl
resources Of the United states. 1901 = no,.
VI press, published Ivy The United stnt,..
geological survey. Mir. +. II, oiphnnf N
vites attention TO the following c,nsni,uo,s
fcatures In the production and sale of ne
uoleum In the United States during m,
year 1901. He notes that the prn,hctto,,
oi crude petroleum was greater thnn rh.,t
OF any previous year, anl that there wan II
very remarkable increase IN the produr.b,,
IN the states OF Texas ana California
decrease In the production of the Anna
iachian or Eastern PETROLEUM fields nnd
slight gain In the output OF the I,imn.lo.
diana region or the total production n,
the United States SO per tent came from
the older Appalachian and Lima Indiana
heldS' leaving 10 per cent to he rinJe A.,
from al the other aelds; this amount Is
tt.2 pel veht greater than the proportion
furnished in 1900 by the other fields Thar,
was slight decrease In the nun,bor ~
wells completed In most OF the important
hcuk, and stocks held I'm the Appalnchian
Do
slightly decreased, There was an aver go
decline OF about ~ cents pcl hsrrcl for
cfude petroleum at the wells In 1901 as com
pared with 1900 The exports of petroleum
ana us products increased and were 10 gor
than ever before recorded, although there
WaH q slight decrease In their total value
inc year WIS conspicuous for tie new
pools found and for the new production In
the Southern and Western States, which
was followed by the Organization nf an Inn.
nchse humher 81 petroleum stock com.
panics representing many IN III rs Of cap
Tao total production Of crude petroleum IN
the United states IN lp0t was 10 $50 inl
barrels being larger than that or any Pre-.
ViouS year, II was larger b. 1,T6S G6l bRr-
rgIS' or y per cent, than the = oductlou ~
tho I'ar 1900 The increase Ia tho pro.lnc.
ton of 1000 over 1899 was q. 20l, S54 barrels,
or II PEI cent ard tde increase IN lSNN
over 1903 wax 3 per cent, or nm average
gain of ~ per cent for the last three
Year,,
As compared with tho value Of the total
promotion q ihD d3,82n.H90 barrels. valued
AZ SIi!SM3i3. the total production Of 1901
6i 3S9, lHi barrels, valued nj Sd6 Al Z ..36
shows decline of 1851 9S7, IN the order
OF production OHIO comes trst with over
2lODo,O00 Of barrels; West Virginia scconi,
with over 100000 ~ barrels; PtnnSyl.
y;nla third, with over l2ooo,Ooo of barrels; ;
California fourth. with over 100000 "
barre e; Indiana nth, with over 5.O00.U)b
of barrels; Texas sixth, with over 4,0OO,0n
ct barrels, loss In production, ~ com
and Pennsylvania. and gain OF nearly
1900 Uu0 " barrels for California. of n tttlc
over 3,5oumO Of barrels for Texas. and Of
nearly WO 900 Of barrels for indiana This
production for 1901, 10y fields. was In ruuu /
numbers for the Appalachian field $1,000.
600 barrels; the Lima Indiana Held 2lnOD
600 b1rrols, tho southern California nrld
5000 GEO barrels. and for the rcXas Held
4 10000 hHrrcls.
The quality Of The petroleum. produced
from tllcsC new sections Is generally much
tsff flvF.t 81.
bur the greater part 4 II Is valuable 81, a
fuel m lbs natural STATE or after somo
Of The moro volatile products have b ca
removed ana is pnrticul ally accoptOole as
fuel IN The ahsenCp Of available coal de-
posts IN the Southwest ana West. In
1901. the Appalachian fold produced 4S Is
per cent Of the toinl output, The llnu Ia
diana hcld 81 81 per cent, ana all other
/ fields 10,0f per cen. Ms compared rcspec-
| tiycly with " 3 per cent, ~ per cont and
SCI per cent IN 1900. Tho new fields Of
! California. Colorado, Kan Ne, Wyoming am
/ Texas II Is observed. produced practically
~ per cent Of tho total production Of 1901.
/ u cal9 Of n ~ percentage over 1000,
| with The probability that The Southwest
( total output In 1902
/ The average price paid Tor all the petro-
J eum marketed Ia the United states during
/ 1901 was %. cents per barrel, ms compared
/ with S ,ei In 1900 showing II decrease IF
I u cents per barrel 20 per cont, the
/ lowest price since 1905 The gross decrense
+
! was nearly l3 per cent. Notwithstanding
/ that the uuantity increased for the same
1 period little over Q per Q nj. The aver
4 age price paid for Pennsylvania petroleum,
which represents As , per cen Of the total
/ production. was 81 81 per barrel IN 1901,
10 compared With - per cent produced IN
I 1900 and marketed az an average pl'ee OF
/ 81 1856 per barrel n decline q ii8 centS
per barrel rr II per cent There was a
! decline Of 81 Z cents per harrcl In the aver.
4 age price paid for California petroleum,
4 a - for
! 'icNns product in 1901, as compared win
/ 1900 decline accounted for ny tho m
/ creased production NJ the new hel Is devcl'
/ oped in both these states
i Tho fetal number Of wells completed ~
/ 1901 In the United States ~ the search for
{ petroleum apprDSinmtfs 14,2h, OF WDich
8220 are estimated to be- dry. rho cost
~ these 1880 wells is estimated NJ S4l,'
$4,000 approximately onc.thri Of the ie-
] ceipts for The entire crude product A..
In 1901, FOR the FIRST time In the his~y
Of tltu tr8de the total Hunher ~ gallons
Of petr lepm aud rs derivatives eNpofte, !
xceeded 1000. 0O0o00. tho number of ga
Ions lring los1, 75o,306 grin OF per
cent over the Exports n 1909 Tho valIe
/ If these exports w 1901 was SIl,4fD.l2i
| rs compared with value NJ SI32I6,2S2 IN
1a0o Tile total exports - lnanulactu,e
petroleum from Russia IN 1901 was 3tpti2o'-
Dos ghllelis. about 80. : prr cent OF the OK
po,is ~ IN thu United states,
Tile average price received for al the
various grades of petroleum eSp2rtzyaa ron
-
ucr gallon, as compared with I.52 cen !
Der gHllon ceyod IN 1900 and with y -
cents per gallon In 1899. The oeyelnpmr.lts
~ the oil pools at ami near beaumont,
Texas, and In the section surrounding Bas-
ersfeld. CAL. and the deyclolments at
BOULDER Colo. have been the chief causes
Of lie Organization ~ IBIS oil took e,eln,,
| NAMES with capitalization. acknowledged
and estimated, Of 5000, os3000 In 1901
New York continued 20 he TIE leading noFt
during 1901 or the total amount shipped
abroad, about So SO per cent was sent , trSnl
Mia f5 nrr cent from Delaware ports.
SIS nom Baltimore aud less than one
tenth of per cent from Boston. II y ~
timatca that s5 per cent OF the entire
n, nanct ~ the crude petroleum produced
In The United States finds market abroad,
Notwithstanding the high duties fhat nfe
imnosed by almos, all countries. except
! Great Britain, upon all imports OF our
| pefroleum This fact seems 20 indicate uat
no other artifcisl source OF light can Re.
place petroleum In the markets OF the
wtrld.