The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1911-12-29

vance OF the credit balance market
from $1.20 to .s1.35, posted yesterday
morning. 1t had been moro than a
year and one.half since the market had
been advanced. The last change was
on June II, 1910. when 1t was reduced
from S1.S5 to $1.30y This without doubt
was the longest period that. the mar.
ket had remained stationary. The ad.
vance in the market Is Of great i'm.
portance at this time coming as 1t
does when operators are not finding
anything better than light producers
and at a time when the industry is in
more Or less of a choatic condition.
Those who have followed develop,
ment work through the year are
aware that no large areas of new pro.
ducing territory have been discovered
and but a very few operators have
been able TO maintain their production.
Field Developments.
On Fishing creek, Grant district,
Wetzel county, w. Va, the .Kanawha
Oil company has completed and shot
Its No. 16 or the Jacob Morgan heirs
arm and will not have better than a
5,barrel pumper in the Big Injun sand.
On Buffalo run, in the same district,
The same company has drilled It's No.
1874 on the John Mills tract ten feet
INTO the Gordon sand and the hole has
filled up 1000 feet with fluid. 1t is
still drilling In the sand.
On Loverberry run. Court House
district. Lewis county, E. G. Davidson
& Co., have drilled a, second test on
! he Catherine Kraft heirs farm
through the Gordon sand and have a
gasser with a capacity of 3,000,0OO Gu,
bic feet a day. On Murphy creek. in
the same district, the Southern OH
company has drilled a test on the A.
S. Fisher farm through the salt sand
and has a l5.barrel pumber. This 10.
cation Is south OF Weston.
On Duck creek Grant district, Har.
rison county, the West Virginia Cen.
trail Gas company has drilled a test on
the C. C. Smith farm through the fifth
sand aud has a very light gasser. ur
Lost creek. Grant district, the Los
Greek OIL company is due In the sand
at q second test oh the C. S. Gribble
farm.
On Dutchman run, Murphy district
Richie county, Cox & Laird have drill
ed q test OIL the A. D. Dulaney farm
through the salt sand and have a light
pumper. In Union district, Wood
county, the Pennawva- Oil, compan,
has now drilled No. I on the Adam
Feiek farm through the second Cow
: run sand and has a 15.barrellpumper
On" Straight Fork, Dual district
Lincoln county. the Big Creek Devel
,opment company has drilled No. 3 or
the Serepta Workman farm through
the Berea grit and has a 15.barre,
pumper. On the same stream, the
same company is drilling No. Q on the
A. G. Grass farm. On Sans Branch
the Big Creek Development company
has now completed and shot No. 4'or
the NJ. Spurlock farm and has a 90
barrel producer.
New Work In Kanawha County.
On Blue creek, Elk district, Kama
wha county, the Ohio. Fuel OIL com
pany has started to drill a second tesj
on the Grace L. Myers farm. The
same company has started, to drill q
test on the c. C. and "; E. Myers
farm. The No. / on: the Grace L
Myers farm is holding up at lis barrels
and the, ESTABLISHMENTS No. / at S.
barrels a day, (,
On the riyer.front. in Union district,
Wood county, the Leidecker Tool com,
pany has drilled a test ioni the Charles
Uhl farm through the salt sand; and
has alight gasser, On Bull run, Grant
district. Jackson county, Hutton Bros,
have drilled n test on the Marshall
Howell farm through all sands and
have a buster, The Berea griteforma.
ton was not found at this location. On
Browns creek. Jefferson district, Ka.
nawha county. Holley & Stephenson
have drilled their test on the George
McCaHy form through the Big Lime
and have q gasser in that formation.
In Smlthfeld district, Roane county,
9he South Penn Oil company has drill.
cd n second test on the Mary NJ, Smltl,