Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1903-01-03
Petroleum Review For 1902.

all departments of field operations.
What promised to become notaole
month for the completion of new
work proved directly the contrary,
and fewer wells were finished than
at any time since last April There
was big drop. to, In new product
ion, which was confined to no
particular section, but was common
alike Ia the Ohio and Indiana as
well as In the Pennsylvania fields
Nothing was developed during the
month that promise to add anything
very important to the present arera
of productive territory. An In
creased list of dry holes shows the
wildcatter's failures In their efforts
to open up new pools. In the Penn
sylvania fields 1I2 fewer wells were
completed than In November, and
the decline In new production was
3S2o barrels At the close of the
month the field operations were
composed of e25 rigs and drilling
wells, as against I,o11 at the end OF
the previous month.
IL the Lima oil fields OF North
western Ohio and Indiana, the
hoosier districts completed only
tour fewer wells than the Buckeye,
but the combined districts show
decline OF 15S wells completed and
: 1907 barrels new production and a
decrease OF Fl In new operations.
During November there was gain
of IS wells completed, accompanied
by a drop of SIT barrels In the new
cduction and 50 rigs and drilling
The year 1892 on the whole was
rather prosAic and uneventtul.
There was apparently no lack OF
new pools, and many additions to
old territory, but while they sup
piled some wells out of the ordi
nary they proved limited as to area,
and speedily dropped out of the
public notice. A large amount OF
development work has been done
ip the frontier counties of West
Virginia and in Eastern and South
ern Kentucky, but little success has
been attained In the Mountain
State, and, Kentucky remains In a
waiting attitude. A large produc-
ton Is claimed for the latter State,
and 1t appears likely to become
very prominent as factor In the
production of petroleum during the
coming year.
West Virginia continued Its lead
In the out put of high grade petro-
leum, while Ohio remained at the
top In the general yield of crude
petroleum A number of profitable
little pools were discovered in
Southeastern Ohio during the year,
but with every one there was con-
stantly increasing buster list. In
the older sections of the field there
were few surprises. but In general
operations were confined to small
territory ard had but little effect In
Inc easing the new production.
There were eleven more wells
completed in the Pennsylvania oil
fields in 1902 than In 1901, but In
spite of this fact the production
declined over 100000 barrels.
Operations were very active In all
the producing sections. In North
western Ohio 3 no wells were com
pleted in 1901 and 3 529 In 1902.
Indinia showed gain of 1880 hav
ing completed o32 wells in 1902,
as against 1902 In 1901. The
market maintained high level and
at no time dropped below the $I.15
mark for the product of Penusyl
vania wells. The average price tor
the year for Pennsylvania credit
balances was $I.2334, which was
three cents a barrel better than
1901.
Field Operations.
In the sections producing Penn
sylvauia oil, which included por-
tions of New York, Pennsylvania,
West Virginia, and Southeastern
Ohio, about the same number of
wells were completed In 1902 as In
1901. The comparison shows
difference of only eleven. There
we're 7,722 wells completed In 1902,
Ign In 1901 and 8,S45 In 1900.
The dry holes numbered 2,13I,
In 1902, 2,1l6 In 1907 and 2,17o In
1900. Of the total number COM
pleted In 1901 the dry holes en-
braced nearly 20 per cent. For 1900
the proportion was less than rs per
cent and for 1902, Fl per cent. AT
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