West Virginia daily oil review. [volume] (Sistersville, W. Va.) 1894-1902, 1902-01-28
TIL OIL MARKET.
KENTUCKY OIL NOTES.

KENTUCKY OIL NOTES.
Mr.. o. III. Wadd1e, President of
the Somerset OH company, Is given
as authority for the statement to an
Er quirer reporter that the income
of Mr.. w. G. Strubbs. from his oil
we'll interest at Sunnybrook was
over $4,000 spot cash last month.
Mrs. S. w. VanCleve, an oil ex-
pert of Lima, Ohio, thinks the sur.
face indications around Mckinney.
on the c. S. road. favorable for oil
and will probably drill two or three
wells on lands belonging to the
Smith and Williams Developing
company, says the Danville Advo-
cate.
The oil we'll at Eubanks, a few
miles north of Somerset, Is down
about 300 feet and In a beautiful
sand. Expectation Is upon tiptoe
and rumors of paying strike rife.
Should this test turn out oil 1t
would be worth millions to Pulaski
and the suspense Is almost unbear-
able.
Mr.. A. R. Humble, one of the
most successful business men
In Somerset, has organized
an oil company for the devel-
opment of the large estate adver.
tised In the Journal. He has also
made deals by which active devel-
opment will go forward In several
portions of his Russell county ter
ritory.
The Courier-Journaps wander
ing evangelist, known In the south
western field by some as the "oil
oracle" and to others as "the proph-
ct OF Ill omen," has climbed the tall
peaks of Pike and Floyd counties
ard from lofty air sends
forth the gratifying record of the
discovery of branch of the Stand
ard OH Company that operates un-
der the golden rule" land flow-
ing oil in limited quantities, but as
certain as the revenues of a bank
Here the Standard owns and con.
controls all development. and there
fore peace reiens supreme.
The Kentucky Consolidated OH
Corporation Is meeting ready sale
of their consolidated stock, having
issued the most inviting PROPOSE
ton yet given out In the Wayne
field, and the company's operations
are TO begin at once A well or
the Kennedy farm which was drilled
In 1896. showing three producing
sands and for lack of transportation
facilities was plugged at 73S feet,
will be opened first aud tested.
Work will also be commenced on
two other wells located on the com
pany's estate of o.II7 acres. This
company's prospectus Is ready for
distribution. o. H. Waddle, of
Somerset, is President.
Activities In Clinton county are
noted. Drilling has commenced
on the Andy Russell farm, In the
eastern part of this county. The
well at Cartwright, on the Nc
Whorter farm, Is down 24o feet.
Robt. M. Shearer, of Cincinnati, is
having a derrick built on the Bras
well farm at Savage, and drilling
will begin when 1t Is GO npleted.
The Cartwright we'll Is equipped
with extra heavy machinery and
everything favortng the purpose of
the owners not to stop under 3 900
feet if necessary to prove the terri
tory.
The Kentucky oil field is en-
lareins daily, If Geographic reports
to the daily p,p rs are trustworthy
Reports have come from many
sections In which are represented
indications of oil that would seem
to justify test wills Near Hop.
kinsville in ,ou, ern part of
the State wou1v1ful external signs
are reported. At Beech Grove, In
the region of Greensboro, a 125 foot
we'll Is yielding four barrels of oil
an hour, creating great excitement
and rapid leasing of lands. At
Wickliffe, In the region of Pakucah.
we'll Is being" bored"(tney always
write 1t "bored" In newly discov-
cred territory and "a fine quality
Of amber oil Is being brought up In
the sand buckles" A result of
this phenomeon Is the upward
tendency in the stock of the COM
pauy that Is doing the wildcat act.
KNOX COUNTY, KY.
The work of the news jobbers"
1 lea Kmov rooc h~ovo1x, ~ 1rha~a