Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1903-07-24
OIL DEVELOPMENT
THE OIL MARKET.

o.
The advance in the price OF oil
Of three cents yesterday caused nc
comments here among oil produc-
ers. The oil men realize now as
they have never done before, that
the Standard Oil company controls
the oil market absolutely and that
so long as 1t Is to that company's
interest to do so oil will advance,
but they are surprised no longer at
anything the Standard does. If
the producers do open a good pool
the Standard beats down the mar.
ket to starvation prices and then
buys up the production. The oil
producers have been fooled entirely
too often to get enthusiastic over
anything the Standard does.
Griffith. Monroe Co.. Ohio.
We noticed some time ago that
one oil company had authorized
the Editor to state that they would
give $500 towards making good
road from Griffith to Woodsfeld but
we have not seen what other com.
panies will give. When all the oil
companies state what they will
give then we would like to hear the
commissioners say they will give
dollar for dollar. Anything for good
roads. We are tired of bad mud
all winter and dangerous mud holes
all summer.
The Keener Oil & Gas company
have drilled In their D. S. Devore
No. 5. 1t Is said to be better
well than No. 4. We are glad to
mention the prospect IS good for
several more good wells before his
farm Is fully developed, as they
have entirely surrounded the so.
called dry hole which was drilled a
few years ago and abandoned.
We believe if 1t had been handeled
as other wells 1t would have been
as good or perhaps better than any
well on the farm.
The Consolidated OIL company
are arranging the machinery to
utilize air for getting the oil out of
the wells. It Is claimed that If
this proves a success 1t will do
away with considerable labor In
the way Ct getting the production.
A rig has been built on the Isa-
bel Hawkins farm and drilling will
likely commence this week. This
lease belongs to the Southern OIL
company.
The Pure Oil company are pre-
pairing to drill another we'll on the
William Howell farm. This dr..
rick has been built for some time.
The Carter Oil company have
drilled In their we'll on the Leander
Truck farm but at this time we
have not learned Its caliber.
The Carter OIL company have
rig completed on the William How
ell farm and 1t will likely be drilled
soon.
The rig on the Jot Jackson farm
being pushed and will be completed
In day or two.
The Pure OH company have the
material on the ground for Mary
E. Hamilton No. S.
LewisviiIe. Monroe County, o.
". G. Decker has made a loca.
ton on the Seebach heirs farm and
the rig Is being hauled In.
w. G. Decker Is drilling at his J.
o. Devore No. I after laying a
water line to the creek.
Roy Bros. have made location
No. 4 on the Fred Spi1y farm.
The Carter OH company's heirs
No. will be In Thursday.
Peasants Co., ". Va,
The Central Oil company's No.
AZ J, B. Reynolds on French creek
Is In and good for IS barrels.
The Vespertine OIL company's
Injun sand we'll on the F. K. Bills
farm broke loose one day last week
and howei all over the hillside.
This we'll Is being worked with the
mystery racket ard no one on the
outside knows what 1t Is doing.
New derricks are springing up
everywhere along the river between
St. Marys and Slstersville with
mushroom rap'di;r, The same