Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1903-07-14
June Pipe Line Report.

during June IS showing ltselI III
the increased pipe line receipts
The runs for June, both In the
Pennsylvania and Buckeye fields,
were greatly increased, and thus
far are the largest of the current
year. Production and consump-
tion were on more even terms and
the net reduction In pipe line stocks
was only about 5000 barrels a day.
In Pennsylvania stocks, there was
small increase, the supply having
been slightly In excess of the de-
mand. Wells were completed at the
rate of IS a day In June In the
Pennsylvania and Trenton rock oil
fields and the pipe line runs were
increased nearly 10000 barrels a
day. At the same time the increas In
the shipments was too great to per-
NIT any gain In the net stocks,
which continue on the down grade
A, continuance of the present field
activity ought to bring about
large increase In the new produc'
ton, but the territory that Is now
being drilled over lessons the
probability of any remarkable In
crease in the output of high grade
petroleum. The new pools and
extensions that are opened up from
time to time In the lower Southwest
are speedily drilled over and their
effect In overcoming the waning
production of the older sections OF
the field Is merely temporary.
May likewise recorded heavy
volume of field activity, but 1t
failed to bring about any, increase
In the production. The Buckeye
sections were ahead of April by
nearly a Thousand barrels a day,
while the Pennsylvania regions re-
vealed a decline of nearly four
thousand barrels in the average
daily runs. This made a net de-
crease of over 2,7oo barrels day
In the parafine petroleum, from
which Is obtained the greater
amount of illuminating oils, ben
zines, and other products unknown
to oils having an asphalt base. At
the same time the consumption
showed heavy increase, and the
result was another substantial re.
duction In the net stocks. While
stocks declined a little over 3, 900
barrels a day In June. the May de.
crease was at the rate of about
s, 900 barrels day.
June registered an aggregate de-
cline of o2,329 barrels In the petro-
leum stocks held by the Eastern
pipe line companies. This was at
the rate of 3,o7S barrels per diem,
For May the decrease amounted to
253,464 barrels, or about 8,176 bar.
rels a day. During April the net
decline In the stocks of the Penn
sylvansa and Buckeye oil amount
ed to 1o6,o43 barrels, which was an
average decrease of 1855 barrels a
day. In March the aggregate de-
cliue amounted to 189,e25 barrels,
or 6 126 barrels a day. The total
decrease during February was I56
153 barrels, while the January loss
was 72o,411 barrels.
At the close of 1902 the stocks Of
Pennsylvania oil were $500, 127
barrels and the Buckeye stocks
were I7,3o6,426, or total of 49,
oo5,553 barrels. The Pennsylvania
stocks were reduced 3,721 ,2o4 bar
rels and the Buckeye 453,88o bar
rels during the year, which was an
aggregate reduction of 4175,174
barrels, and the heaviest loss since
the termination of the shutdown
movement In 1887. Since the frs,
of the year there has been a DROP
In the net stocks of 1,518,3o3 bar
rels, and the figures since the close
of June are the smallest since the
shut. down movement of 1878
In June the pipe line runs o.
Pennsylvania oil averaged 8o 28e
barrels a day, which was 5,452 bar
rels above the May average. The
May pipe line runs averaged 83,Ss7
barrels above the May average.
The May pipe line runs averaged
83,S37 barrels per day, which was 9
decline of $40 barrels from the
April figures. During April the
Pennsylvania runs were 97,547
barrels a day. or 800 barrels above
that of March. The runs for June