Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1903-07-18
.,OIL DEVELO pMENTS
the OIL MARKET.

6ummefseS >!
Lacy &
Fleeger, Dewalt, c. F. Mercer
and lanes McCoach drilled In No.
/ we'll on the Nancy Hays at
Friendly last evening and have a
fine gasser.
Peasants County.
A Keener sand gusher right near
the city Is glorious. news! Monday
evening the Capitol OH Develop
ment company drilled Its test on
the DR.. Gale lot into the top OF the
Keener sand, and 1t at once began
to flow. No provisions tor saving
the oil having been made the pre-
cious fluid run down the bank Into
the river. 1t made several big
flows before 1t could be taken care
of. AS quickly as possible taukage
was provided, and the waste was
stopped. Since that time the well
has settled down to about 100 bar
rels a day.
With deeper drilling 1t Is ex-
pc tied to increase to Its former
figure.
The oil that flowed out into the
river was considerable, fumes from
1t permeated the atmosphere of the
city In floating past.
The report spread rapidly and
the early train next morning
brought many operators from near
by cities who were seeking for q
lease adjacent to the strike.
Land that was considered value
less far oil purposes In the vicinity
Is commanding enormous prices. A
man by the name of Knight has re-
fused a bonus of SIS an acre for a
mall tract he owns near the well. Sol
Bills Is another much sought after
m IN these days.
The talk Ct drilling on town lots
have been revived, and excitement
Is undated. The we'll Is located
on the river bottom just above the
Middle Island creek bridge and lit
tie more than one half mile from
the upper extreme end of the city.
Many more wells will be started In
the vicinity at once.
Edmonds & Schauwecker drilled
their No. 3, Gallaher estate into the
Maxon sand Wednesday. 1t was
given a shot In the afternoon, and
1t Is estimated at 10 barrels a day.
This we'll is>located Just east of the
city limits.
A party OF inspectors, represent
Ing a French Syndicate which Is
negotiating for the purchase of ex-
tensive oil production In this and
adjoining states, have been here the
past week, looking over Zahniser
& Co.'s possessions. The party Is
composed of Mr.and Mrs. Verbeke,
Paris; L. J. Craig, Portland, Ind;
and II. G. Curzon, OF New York
City.
The United States Oil & Coal
Co. has completed Its MOI on what
Is known as the Higgins farm on
Willow Island run, McKim district,
and has a Cow Run sand producer,
good for 80 to so barrels a day.
This we'll opeus up considerable
new territory aud will occasion con.
siderable drilling In that locality.
This same company drilled In
another good we'll on the Pethtle
farm this week.
Out at Union Mills, McKim dis
trlct A. w. Powell has completed a
good producer on his own farm, In
the shallow sand. 1t Is estimated
as being good for IS barrels.
The Vespertine Oil company, Is
starting Its No. p on the Bach man
estate on Long Run.
Zanhiser. Amber & Lawrence
have completed their test on the
Cunningham farm to McKlm, and
have the banner shallow sand we'll
of the week. 1t will do at least 100
barrels a day. They are arranging
for three more wells to be drilled
at once.
The Rae's Run pool continues a
leading attraction, and nothing has
developed yet tending to give it a
black eye While the wells are not
large they are proven stayers, and
profitable investments.
The Raes Run OIL Co., Is due In
the sand today at Its No I Chap.
man, and the result of this we'll Is
..s-tose1~ o-o{fad rs fhie rva1l