Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1903-11-06
October Field
Operations.

A heavy drop In the new p:oduc'
tlon Is the most startling result OF
operations In the Pennsylvania oil
fields during October. In the midst
of an amount of field work, almost
unparalleled In the history of the re-
gion and with about the same mum
Der of wells completed as In Sep
TENDER, there Is a decline of over
2, 200 barrels In the output OF oil.
At the same time there has been no
let up In the amount of new work,
and rigs aud drilling wells both
show a decided gain.
The Buckeye regions likewise
show decline In new production,
while the Hoosier fields reveal a
gain of over 700 barrels. Indiana
also recorded large increase In
the number of wells completed.
Both sections show small decline
In new operations. Ohio showed a
decreased number of rigs and Indi-
ana a decreased number of wells
drilling. In Indiana the rigs were
increased. while the wells drilling
made small gain In Northwestern
Ohio.
During October, the price of
Pennsylvania oil was advanced IS
and that of Lima oil 10 cents a
barrel. Under ordinary circum =
stances a market like the present
would have been accompanied BY
an increase In production, but the
greatest efforts of producers every
where appear to have been insufici
emit to bring about any change In
the relative conditions of supply
and demand of the higher grades
of crude petroleum. A scarcity CT
new territory, In the face OF over
200 rigs and drilling wells under
way In the Eastern oil fields, ap-
pears somewhat incongruous, but
It must be remembered that the
greater amount of new operations
IS In sections long since passed over
by the drill and incapable of fur
nishing anything but the smallest
kind OF wells.
October completed one more we'll
than September In the sections pro-
ducing Pennsylvania oil, while
September was behind August
which thus far holds the record for
wells completed during any month
of the current year. July complet-
ed fewer wells than June and there
was considerable drop In the
amount of the new production. Ov.
er 2,1oo rigs and drilling wells TN
der way In the New York. Penn.
West Virginia, Ohio and Indiana
fields at the close CT September and
October, and new wells throughout
the past month we're completed at
the rate of so every "a hours, OF
one nearly every 20 minutes.
Wells completed In the Peunsyl-
vania oil regions were one more In
October than In September, but
there was falling off of 2,222 bar
rels In the new production. In the
Trenton rock fields there was a
gain of 80 In wells completed and
an increase of 231 barrels in the
new production. This tact was
due entirely to the Hoosier oil dis
tricts, where there was gain OF
TIA barrels. The Buckeye sections
registered a decline of 543 barrels.
This brought about total increase
of Al wells completed In the East
ern and Western oil fields, accom- |
panied by decline of 991 barrels
In the new production.
In October, the sections produc
Ing Pennsylvania, or oil of the
highest grade, completed SIS wells,
including I65 busters and So gas
sers, or 223 that were unproductive
of oil. There was gain of IS rigs
and 13 In drilling wells, makine.:a
ret increase OF 26 Compared with
October year ago, there was a
gain of 1o2 wells completed and a
loss of 1868 barrels In the new
production. In September, S14
wells were completed included 155
busters and 43 gassers. The rigs
made a gain of 81, while wells
drilling declined 81, making net
gain of 20 In new work. In August
SAC new wells were completed, and
of this number So were gassers and
1853 were unproductive of either
gas or oil.
In the Trenton rock fields of
NIla os5 Y.5;noo fhoYo uaYa %