Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1902-07-04

the figures furnished by Bradstreets
concerning the production and sale of
petroleum in the calendar year 1901.
The fact is brought out that the pro-
duction of crude petroleum in 1901 was
larger than in any previous year, this
being due mainly to the enormous in
crease in the production of Texas and
Californian fields. because the eastern or
Appalachian fields showed a decrease.
and the Lima, Indiana, field only i
small increase. The eastern and Lima
fields are, of course still the largest
producing sections, four ifths of all the
output coming thence. The exports
were also the heaviest as to quality
ever recorded. despite the fact that the
decline in the average price of "a cents
per barrel for crude as compared with
1900 caused a falling off in the value of
the exports from the preceding year.
The total production of crude petro-
leum in the United States in 1901 was
60. 3S9, 1874 barrels. being larger than that
OF any previous year. 1t was larger by
5. 1884, 65 barrels, or per cent. than the
production of the year 1900. The in
crease in the production of 1900 over
1899 was 6.291.S5 barrels, or II per cent.
and the increase in 1899 over 1898 was
3 per cent, or an average gain of -
per cent for the last three years. AS
compared with the value of the total
production of 1890, 63,620,529 barrels.
valued at s75.sS9,31 the total produc
ton of 1901, 50, 1856. 1874 barrels, valued al
sec, All. 1876, shows a decline of s9,5I1,9S7.
In the order of production Ohio comes
first, with over 21.OOO,000 barrels; West
Virginia second, with over $4,000, 900
barrels: Pennsylvania third, with over
L., zoo, 900 barrels: California fourth.
with over 100000 barrels; Indiana
fifth, with over 5.O00,000 barrels; Texas
sixth, with over 1000, 900 of barrels, 4
loss in production as compared with
1900 for Ohio. West Virginia and Penn
sylvania and gain Of nearly four and
half millions of barrels for California;
of a little over three and half millions
of barrels for Texas, and of nearly nine
This production for 1901, by fields, was
in round numbers for the Appalachian
field, $4,000. 900 barrels; the Lima, In
diana, field, 81 10000 barrels; the south
ern California field, SS0O,O00 barrels.
and for the Texas field, 100000 barrels.
Among other statistics of value it Is
to be noted that the Appalachian field
produced 4s.5 per cent of the total out
put; the Lima, Indiana, field. 31.61 per
cent, and the new fields of Texas, Cali
fornia and Colorado 20 per cent. and it
is expected that the southwestern field
will produce 80 per cent of the output
in the current year. The average price
per barrel paid in 1901 was 95.7 cents,
as against s1.19 in 1900, and was the
lowest price paid since 1898. 1t is also
to be noted that 14,250 wells, Of which
1920 proved dry, were completed in
1901 at a cost of s21,375 900, or approx
of the entire product. In all 1.5IS oil
stock companies, with an estimated
capital of 1868, 0S3, 900. were organized in
1901 For the first time in the country's
history the exports Of petroleum and its
by-products exceeded 1000, 000,0 900 gal
Ions, and their value was s11,419, 124.
Russia in 1901 exported only about one
third of the exports from this country.
The average export price in 1901 was
673 cents per gallon. Forty-five per
cent of the product of the country
sought a market abroad, and Of per
cent of this went through the port of
New York, and little or none through
the ports nearest the new fields of the
southwest.