The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1903-01-22

absence
..In the adjoining counties OF chn-
ton and Cumberland several wells
have come in recently, sad the pres
cnec Of the Standard OH Company
representatives in this section y .'g-
nilicant. when IL is known that they
have purchased in the past tair's
asvs the leases held ON 5000 sores
in these two COMMITTEES. This ise'
shows that the Standard has faith 10
the ultimate future Of this section
.sIn Knox county there are over
one hundred wells. and pipe lines are
being rapidly constructed to anese
wells. which when connected VIII en-
able them daily TO deliver 5,oVO oar-
rels.
"The presence Of such people IS :
]. Ho5litzell. Of Myersdale, Pa IN
this field the purchases be has MACS
within the past three months ana "
success in drilling more produefg
wells than any other man, m By
mind. serves IS a lesson TO n-
tuekians who had the same opp tu-
nifty. but lacked the courage tdact-
an Morgan county some NV wells
have been re~snt N during the
/ thiry days just passed, and show
pure producing qualities and an ex-
cellent grade OF oil.
"When extended the field in this
direction Just east OF the celebrated
Raglani field. with its 100 wells now
prepared to I'll its second 5000
barrel tank that has Just been erected
70 care for the oil in that belt. Ii i
also well to note that in the last week
two fine wells have been brought II
in Whitley county, located between
Wayne and Knox. and it is pre-
aicted by many who are in position e
know that the Whitley belt vii
equal that Of Knox.
Work on pipe line is progress
ing as rapidly as possible aud me
and money can push it. At ever
point where railroads reach the loca
! tion Of this line many car loads
b pipe are being shipped and distrit
, uted by wagons.
The line begins in Fentriss ooui
G tv, Tenn. on the south, and CONF
20 north passing through Wayne an
Pulaski counties TO Somerset. fro
there on through Laurel count
crossing the Knoxville division Of a
Louisville and Nashville railroa
south 90 London. thence into Clay
Manchester and from there TO tap q
line already constructed from Whit
'5 house. Ky. on Beaver Creek
FLOYD county. Branches from t
In main line are now being built IN
the Knox field. also the Raglan
'n Clinton and Cumberland sections.
B, The STANDARD oil Company D
Q, iuss leased large Office space ia q
a- Of the largest buildings ia LeNir
BE ton. and tits an assured fact a
=. fifty of their active field men will
b., located At this point within the M
u' thirty days.
on The cause OF the present sotiv
al, IN ,hc OIL business is based upon
he actual shortage 10 the output. I
o- records OF the present ycsr 20 d
m- show the actual monthly shorts
Es for the year Co have been from ol
I'D 600 20 COO. OOO barrels. with the
ers ception Of July. the only month
%. which the output was equivalent
.e. the shipments The steady advs
.he IN the price Of OH during the last
.hy weeks amounts TO over sevcut
m- cents a barrel. and from stateme
t,r made hy those In authority, iudic'
,as that 81 90 a barrel will be the p
b, February l. which now sells
ave $l42
any 1T is also stated that crude
90, will advance Co 81 10 another y
sht Ia fact. the condition of the oil q
,A. is la a much worse condition 1
q ~ the coal shortage in the East, an
that