The Democrat-sentinel. [volume] (Logan, Ohio) 1906-1935, 1909-04-15
OIL AND
GAS TALK

} community Is on the malafln Oruef
, the fever comes up everyothel
day. When some company strikes
"a gusher, and the oil lows ovel
two or three townships, the ex
changes are busy and every body
wants to buy block of stock
and then after the fever is gotten
under control the whole sm eal
hibernates until the next spasm
This week is the alternating per.
iod, and during this spell is when
the companies are too busy laying
plans to make noise. Many of
them are locating wells and get
ting ready for drilling. They are
making contracts for drilling
and are anXiously watching the
contractor dragging his string of
tools onto the ground, Ssmoking
ready to punch hole into the soil,
that almost invariably brings out a
squirt of oil in this territory. 1t is
now getting to be that it is not a
matter of figuring on a dry hole,
but a calculation of how many
barrel well they will get. The dry
hole proposition is almost thing
of memory now. About every
hole that is put down now is d pro-
ducer, but the lucky fellow tina t
strikes a hundred barrel well, is
the one that makes them all sit up
and notice things. The territory
is all good, and the state geologist
says that the under lay of the earth
the entire distance from Logan to
Mt. Vernon is oil producing, and
it is matter of the companies
being fortunate enough, as was
Bremen, to strike rich pocket or
a basin of the much sought and
valuable fluid.
In Logan the Exchanges have
been quiet again, but while they
are quiet, there is always close
working and deep thought. There
is some stock sold and the business
is moving along steadily.
The Gore Oil and Gas Co. has
located it's first we'll on the Henry
Lemon farm southeast of the Car
ter we'll on the H lwdywell farm.
The company has most of the rig.
ging hauled on the ground and
will start the erection of the plant
this week. They are vely hope,
full of the success of their terri,
tory, and their holdings look good,
The Lancaster Daily Eagle
says;
'Ihe Hooking county people
are concluding that the oil is
following the trend of the Sugar
Grove gas field and with this be.
lief think the future of the leases
of the Hooking Gas and Oil stock
looks good"
Since the Carter OIL Co. we'll on
the Howdys hell farm is showing
up so good, and the big gas vel!
obtained in the Berea sand on the
Goodhue farm by the Laurel Greek
Co., makes the territory of the
B.ennerhasset company and those
other companies lying 10 the south
and east of the Carter and Laurel
Creek wells look gilt-edge for both
Clinton and Berea oil. The COM
panies in that vicinity are getting
busy and in few months the rail
road running from Logan to
Straitsyille will be more than busy
hauling casing, machinery and oil
well supplies for the different com
panles in that neck of the woods.
The Blenny" company has al
ready shifped in the casing for
their No. / we'll on the II, j. Starr
farm, most of the directors in this
company are old time experienced |
operators and it is their intention
to push the development of their
property as fast as possible. They
are also figuring on several other
tracts which they expect to add to
their already valuable holdings.
Our Maxyille Correspondent
says "on last Wednesday, April
the 7th was decision day for the
Oil location and instead,of it being
an extension of the Bremen Oil