Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1903-08-03
THE OIL MARKET.

White House .................. 20
Barboursville ~
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c. D. Bole Is drilling between
500 and 900 feet at his No. 2 just
north of Friendly. Mr.. Bole got a
show for small we'll In the Cow
Run Sand In his venture but con-
cluded to drill down to the Big In
Jun. Some local capitalists are
going to drill a we'll on the William
SON farm just east of Friendly.
The contract has been left to Cain
and Sbaffer.
P. H. Gaffney, Schillsott and
others will drill a we'll on the Cop
ely lot northeast of Matamoras
station.
Harry Ihrig drilled In nice well
In the salt sand at Friendly last
night.
The Keener development In this
vicinity Is widening out and gives
promise of being quite an extensive
pool.
The Quinto Oil company, will
begin drilling at their No. 10 R. G..
Hanshaw In day or two. Cain
and Shafer, contractors Of Mata'
moras, are drilling we'll for Capt.
Grace and others on Collins Run
about three fourths of a mile south
west of Matamoras.
Developments of an interesting
nature have no part In the reports
from the surrounding fields during
the past week. The wells COM
pleted or drilled In are no better
than the average for some months
and few of them important as to To-
cation. Operators on the Ohio
side are having no better success
In locating new pools than the
WestVirginians and are more active
with that kind of work. In Mon
roe county there Is more expert.
mental work doing than in any
other county.
North of Conway and northeast
of the old Elk Fork district In Tyler
county, the South Penn Oil COM
pany's wildcat on the S. L. Morgan
farm Is something of a freak. When
drilled into the Big Ipjun sand a
flow of salt water with a
co.oring of oil was encount-
cred. The we'll was put to pumping
through 2 inch tubing, but failed
to exhaust the briny fluid. On
Wednesday 1t broke loose of Its own
accord and Is now flowing salt wat
er at the rate of about 1000 barrels
a day and has increased Its oil pro-
duction to about 20 barrels day.
Prospects are bright for the oil
operators of this vicinity. At no
time In the past has the outlook for
rich returns been so encouraging as
the present. During the past year
Kentucky, Kansas, Indian Territory
Texas and other localities have en-
ticed operators to spend large sums
of money In drilling In hopes to
open new pools of oil, but so far
the great majority have met with
poor success and disappointment.
In few producing wells obtained
they have been found lacking In
staying qualities, being fashy, and
exhaust themselves In few days,
and the quality of the oil is infe-
rior. Operators came back to West
Virginia convinced that this Is the
best and surest oil producing State
1t the Union, and from recent de-
velopements 1t looks as If radius
around St Marys, taking In Tyler,
Richie, Peasants and Wood coun-
ties, w. Va. and Washington and
Monroe counties, Ohio, Is the Sec
ton that Is to prove the Mecca for
oil producers, and business In the
way of drilling was nev:r before so
active In the counties named as
now. We do rot know of a single
idle drilling machine In this coun.
ty. In support of the statement
of the prospects of the section
oomed me will illustrate nv men.