Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1902-10-08
THE OIL MARKET.

4 SumMACLSOt ~
| LAcv. &c. -
| Anot her advance In the credit
balance market yesterday makir &
rue price OF Pennsylvania and eli
the higher grades of crude 81 IT.
was very xTatifying to lbs
producers In all the eastern field.
The new price posed by the See,
purchasing agency, added to tb..
three cents added last Saturday
gives the producer Eve cents bar
rel more TOR his product than b,
had been getting In the past tire,
months. Ap additional advance
must follow 10 induce operators TO
90 ouysi6e of the shallow saul ter
Iitory In West Virginia and south
eastern Ohio to look for new pools
They have been hard to find and
are growing scarcer each succeed
ing month.
In the past six months but one
pool OF any consequence has been
discovered, and it Is no longer cap
able OF increasing Its daily output
The Big Knot run district In
Richie county, has produced more
oil for the number of months 1t has
been producing, than any other In
the southwest. 1t has now daily
,utput of oco barrels and will re
quire new producers very soon to
Keep 1t az that point.
Two wells, Arnett No. and Dy e
No S are producing $50 and 500
barrels dav. respectively.
On Sand Fork, branch OF Fink
creek. Goe Bros. have completed a
lest we'll for the Doddridge OH
company On the Joseph Krenn farm
in DoddIidge county, that will
make very small pumper In the
Gan,z sand.
In the Folsom district, Wetzel
county, The South Penn OH com
pany's No 9 on the Robinson tract
has increased to IT'S barrels a da,
and ranks as one of the best pro-
ducers drilled In this development.
A good deal OF test work Is start
ing In the vicinity of J. c. Trees &
Co s test on the r. Francis farm
on Falling Timber run. The way
this we'll has been holding up has
aroused great confidence In the ter
ritory. In addition to the two wells
starting on this farm and the one on
the Postlewait farm, the Southern
OH company Is building the rig for
test on the Furbse farm, located
one mile and half northeast Of the
producer on the Francis farm. TIE
company holds leases on 1000
acres to the northeast and east OF
the Francis farm producer
In the Pine Grove district the
South Penn company has drilled its
No 3 on the Isaac Blake farm
through the Gordon and the we'll
produced IS barrels the first twenty
tour hours
an the Bristoria district, Greene
county, the same company has
drilled in No. 2 on the McVey
farm and has a 80 barrel producer.
On McKim Greek. Meade dts
trict, Tyler county, the Carter Oh
company Is drilling a test we'll on
the A Smith farm and Is due to get
the sand this week.
On Ben's ron, Peasants county,
the Liberty Oil company Is drilling
second test we'll on the Vim.
Smith farm
On Sugar creek Lafayette dis
trict, the Simpson Oil company has
completed Its No. 3 on the M. Cor
rell farm and has a buster in the
Cow Run sard
On Rock Run. Richie county,
the Rock Run OH company Is do IN
In the sand at a test we'll on the
John Butcher farm On Big Knot
Run, the Three Joes Oh COMPANY
Is due in the sand this week at No:
s and on the Wagner farm.
North of Marietta A. A Gamer
on's No. on the Oliver BTeckit :
ridge farm has increased Its produc
ton to 900 barrels day.
Near Monroeville, Monroe coun
ty, the Unity Oh company's No. I
on the F F. Cooper farm Is holding
up at IT'S barrels day.
A war Is likely to begin In the
window glass business. The two
assocl tons of manufacturers and
the independent operators have not
been able TO agree as to terms,
prices aud other matters, and there
Is talk OF go as YOU please season
uh}ch NAV he 10 the advautspe IF