The Democrat-sentinel. [volume] (Logan, Ohio) 1906-1935, 1909-02-11
WHAT COMPANy
ARE YOU IN?

amount of oil talk there is poure,
out here every day. Everybody /
buying or selling oil stock. Th
salute upon the street now, instead
of "Have you any9", it is "Wha
company are you inp'' There ar'
dozens of persons upon the streets
of Logan every day selling OF
stock. On Saturday of last week
the town looked something like 0
circus day, or the Saturday before
election, and there we're hundreds
of the coin of the realm that was
dug ont of the hay and planted in
the oil hopper, with much conf
dence that it will return an hun
dred fold. That Logan is going
to be the oil center of this terri
tory there is no doubt. This town
is surrounded with the leases that
AOoN tho p05U, uHl Whcu Vic Vceu
wells are put down, there is little
doubt that oil will he secured lE
this community in vastly paying
quantities.
We want to keep our readers
posted on the oil news and the
prices Of stocks and the new COM
panies that organize and the en-
couragement and good luck of the
old.
The Carter Gas and Oil Co. is
getting along fairly we'll in their
drilling on the Harvey Howdy-
shell farm north of Logan. They
are down about 500 feet.
The Laurel Greek Co. have 10.
Gated we'll on the Will Goodlive
farm near Maxville and are put
ting up their derrick.
This Ebenzer Gas and Oil Co.
let the contract for the drilling
of we'll on the S. S. Mohler farm
Wednesday and the drilling will
begin in the near future.
Mr.. Ed Shorr, one of Logan
hustling young business men came
in our office Wednesday to see us
and he is talking oil and is doing
some good in oil stocks. He
represents the Monarch Oil and
Gas Co. of Perry county, of which
Judge Pyle is President. Their
company is capitalized at $50, 900,
but they are only selling $4,000
worth of stock which will be capi-
tai sufficient to drill them in two
or three test wells. They have one
lease, large enough for ten wells,
lying about 600 feet north of the
good Kochensparger we'll, and a
we'll is being drilled about 500 feet
west of this tract, and another
we'll is being drilled about 300 feet
east of it, making this tract al
most surrounded by wells.
1t is said that the Crockett Run
Oil and Gas Co. have about sold
all present issue of stock, at least on
Saturday, Mr.. Bebout, who is one
of the heavy promoters, informed
us that the books would close on
Tuesday of this week. A we'll
of this company will be drilled in
in few days. 1t is located on
the Bebout farm IN Marion town
ship in this county.
Some new Oil and Gas Com
paniss were organized in Lancas-
ter during the past few days.
Among these mentioned are: The
Union Oil and Gas Co. incorporat-
ed largely by Marietta people;
The Henderson and Moore OH and
Gas Co. by Columbus people; The
Black Lick Oil and Gas Co. by
Reynoldsbnrg people,
The Hamley Run Oil and Gas
Co. was incorporated Saturday
with II capitalization of $50, 900 90.
This company is composed of
ChillicOlhe and Lancaster people
and have 1900 acres of land leased
along the Hooking Valley Railroad
south of Helsonyille Their terri
tory joins leases that the Stand
ard Oil Co. is developing.
At noon on Saturday the Gibi-
sonville Oil and Gas Co, which is
organized by Athens men awarded
the contract for the drilling of the
first well ON their holdings to Fred
Gunther. The we'll is located in
Perry township in this county and
Mr.. Gunther will begin the work
as soon as he can get the m aterials
on the ground.