Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1903-09-12
August Pipe Line Report.

Z
Another decline In the pipe line
runs of Pennsylvania oil was re-
corded In August, Notwithstanding
the fact that oil operations are be-
Ing conducted upon an enormous
scale, and now work Is being con-
Quoted on an enormous scale, and
new wells are being completed at
the rate of 500 month. The runs
for August, with single exception
were the smallest of the year, ard
below the average of the last nine
months of 1902. The pipe line
shipments were slightly In excess
of those In July, and over 1900
barrels a day ahead OF the rams,
which resulted In a decline In the
net stocks of nearly $4,000 bar.
rels. The Buckeye runs were
about 900 barrels day below the
July average, while the shipments
were In excess of those OF the pre-
vious month by over 2 900 barrels
a day. The decline In the Buck
eve stocks for the month was
over 100000 barrels. These hg-
ures are all the more remarkable
because of the fact that the pro-
Queer has been rushing the drill at
an unheard of rate In all the fields,
and that the search for new terri
tory Is being continued with great
vigor everywhere there Is any pro
mise of an oil field.
During July small decreased less
than 500 barrels a day was record
ed In the Pennsylvania stocks,
while the Buckeye increased little
over 1920 barrels a day. About
fifty wells every "a hours were
completed in the Pennsylvania and
Trenton rock oil fields during July,
but the results were small and less
satisfactory than for the month pre-.
ceding. The runs for June, both
in the Eastern and Western fields,
were LARGELY increased, and thus far
hold the record for the year
Production and consumption were
on nearly even terms, and the net
reduction In pipe line stocks was
about 5000 barrels day. In Penn.
sylvania stocks. there was a small
increase, the supply having been
slightly In excess of the demand.
Wells were completed at the rate
of S. day In June In the Penn
sylvania and Trenton rock oil fields
and the pipe line runs where In
creased 10, 900 barrels a day. AT
the same time the increase In the
shipments was too great to permit
any gain In the net stocks, which
continued on the down grade.
The. decrease In TIE Pennsylvania
and Buckeye oil stocks during
August amounted to 249,262 bar
rels which was at the rate of over
5000 barrels a day. There was
an aggregated increase In the
stocks of the Pennsylvania
and Buckeye oil companies
during July of 1910 barrels, which
was an average of $50 barrels a day.
June registered an aggregate de-
cline of o. 1929 barrels In the stocks
held by the pipe line companies.
For May the decrease amounted to
253 464 barrels, or about S,176 bar.
rels a day.
At the close of 1902, the stocks
o. Pennsylvania oil were $500, 127
barrels and the Buckeye stocks
were 1896, 426 or total of 49,
oo5,553 barrels. The Pennsylvania
stocks were reduced 3,72I,294
barrels and the Buckeye 453,SSo
barrels during 1902, which was an
aggregate reduction of 4,175,174
barrels, and the heaviest loss since
the termination of the shut down
movement In 1887. Since the first
of the year there has been an aggre-
gate drop in the net stocks Of
1,743416 barrels. July was the
first month of the present year to
record a gain in the net stocks of
the two fields.