The Democrat-sentinel. [volume] (Logan, Ohio) 1906-1935, 1909-06-10
OIL. AND
GAS TALK

i
farm this week.
| The Pleasant Bend Oil company
of Pleasant Bend was Incorporate
ed on Friday, with capital stock
of $4,000.
The Flagdale Co. drilled in a
good we'll on the Gratis farm this
week. 1t is good for about 20C
barrels per day.
The oil well on the Bending
farm ia making fast headway to
the big sand, the sand which con.
tains the very shell oil, maybe, a,
least we hope 80.
The Joint well, on the Bending
farm is down about 2i00 feet and
doing nicely. This well will be
drilled into the Clinton and much
showing of oil is in evidence.
The Flagdale Co. have struck
another gusher on the Crafts farm
and it is now said that they will
pay dividend on stock to their
share holders who will no doubt
accept it with thanks.
The Hooking Oil and Gas Co.
have drilled into the Berea sand
about 40 feet at the Phillips well,
and have considerable showing of
good quality of oil. They will
continue drilling through the Clin-
ton rock.
The Crown company organized
by electing the following officers:
James Pergrim, president, Colum-
bus; j. H. Crothers, vice presi.
dent, Columbus; r. f. Westfall,
secretary and l.. E. Ruff, field
manager.
A string of tools is on the grounds
by the Hooking Co. to drill a well
about 425 feet from the old oil
we'll near the Water Works Pump
ing station of this city. 1t is the
purpose of this company to put
down three Berea wells soon.
Bremen begins to resemble High
street, Columbus or Broadway N,
Y. from the magnificance of her
buildings and the traffic on her
streets. There is certainly great
amount of building going on in
this busy little oil city.
The Logan Gas and Fuel com
pany drilled in gas we'll on the
Joseph Landis lot in Basil Monday
that ls good for six or eight mil
lion feet daily. The we'll is under
complete control by the drillers
and the tubing was put in Tues
day.
The German American Oil and
Gas company of Lancaster was in
corporated Thursday by w. F.
O'Gara, j. f. Sprankle and MISS
Nellie Rankin of Lancaster, May.
or r. B. Hoover, of Springfield
and H. C. Howell of cambridge.
The capital stock is 100000 The
incorporators are also the direc.
tors of the company.
The Rnshville Gas and Oil com
pany the pioneer oil company OF
the county, celebrated it's third
birthday anniversary with big
banquet for the stockholders and
their wives in the town hall in
Rushville, Monday night. They
assembled in Kerr's hall where the
business was transacted before
marching to the banquet hall. The
auditing committee comprising
H. w. Geiger, j. G. Elder and DR..
A. V. Lerch, made its report and
Secretary d. H. Fahrer gave fl
nancial statement of the company's
affairs. 1t shows. that the balance
on hand June l, 1908, was $3, ,67S.'
26, the sum received from the sale
of oil during the year was $lll,-
1873. 9S, and from other sources
$22, 25S. IA, making a total of $l37,-
1926 3S. The total expenditures
including the payment of divi-
dends, were 1922 447 90, leaving a
balance of $l4, 977. 46. The com
pany has nine producing wells,
with a daily production of $50
barrels, and is enjoying prosperi-
ty. The management of the com
pany the past year has been 80
satisfactory to the stockholders
that on motion of p. r. Murphy
the old board of directors was re-
elected by acclamation. The di-
rectors are r. w. Kerr, w. M.
Phillips, ID. IL. Fahrer, Silas Nee
ly, Grant Shaw, James Morrow,
Abner Stoltz. F A. Miller, James
Irick and Owen Smith. Kerr is
president; Phillips vice president (;
Fahrer Secretary, and Nicely, treas
urer.
When the business meeting was
over, President Kerr invited the
stock holders, their wives and II
few guests to the banquet hall,
where refreshments in abundance