The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1912-02-01
0I AID GAS

aARI BsToN, W. Va, Jan. 81
Atother well said to be as large as
any yetsdrlilods iaaiRtne. new ollster-
rItory near this city, has been drilled
q on the G. q. Myers farm on Blue
creek. iFhe we'll Is on an eight acre
3 tract and istEst1matedSat 1000 barrels
PITTsBURG. Jah. 81 = The seep
Plirchaslng Agency, formerly the buy
ihg section Of the Standard OIL COM
paay, to-day announced an advance OF
ace cents a, barrel in Pennsylvania
cfnde. lifting the price to l.5O. 1t is
theifgurth advance since the day after
Christmas. when the price was $l.3o.
OTHER advances were made to the fol-
lowing Corning, 50 cents; New Cas-
lie, s1.O2; Mercer, $1.O5; Cabell, SLIP,
ana Somerset So cents. Producers are
predicting 81 oil before midsummer.
There Is nothing slow in the up
ward movement OF the oil market. Yes
tefday morning the quotation for.oil
OF the Pennsylvania grade was au-
yanced to $3.50, making the fourth
fiyeieent advance in little more than
month. An other grades in, the east.
4 eH1a fields Shared in THE advance price,
Thespresent quotation for credit bal
atlces Of Pennsylvania crude is the
highest since Nov, 6, 1908.
The Blue creek pool, ip Elk dis
triet fsanawha county, continues TO be
the stellar attraction in the eastern
delds For more aiar6 q week every,
wen drilled inliasiBeen a gusher and
two more have lust been, drilled in,
making twelve ,pSodueersY in the cen
y trail part Of the development. Tie last
Two are the Ohio Fuel Oil company's
( No. 8 5ph The BaTth:schwaEtz farm and
its test On the &C. 4 w. e. Myers
farm. The Rarth-sehwagtg No. 3 is
located on the west side OF develop
lments and produced 1875 barrels the
first twenty.four hours, The Myers
farm test is located inside OF. develop
ments and the first five hours produc-
ed 100 barrels.
Nearly alitof the wells in the pool
are shut in on account of the tanks
in the field being full. BY the end of
the week the new three-inch line will
be completed and the congregation
Will be relieved The fact that the
tankage capacity and the present pipe
llne facilities are inadequate to take
care OF the production does not deter
leaseholders from starting new work
New rigs are building, both inside and
III advance of the present producing
4 area.
hight Wells in Richie.
On DHtohman run, Murphy district,
Richie county, the South Penn Oil
company has dpilled No. ) on the Sa-
raf u Eeaoh farm into the Salt sand
and has a showSfor d 6.barrel pumper.
on the north work of Hughes river,
Clay district, the Imperial OIL, Gas
and Products company has completed
tests on the B. f. Moore and Mccoy
heirs farms and has brace of gas
sers in the Big Iniun sand.
On Indian run, Murphy district, the
Carter Oil company has drilled its No.
Z on the ]. A. Hoover farm through
the Keener sand and has show for
25,barrel producer. The same COM
pany has the rig completed for No. 8
on the s; E. Rexroad farm.
on the north fork of Hughes river,
in, Clay district the Imperial Oil, Gas
and Products company is rigging up
at test on the Stricken heirs farm.
on Ilushers run, the Hope Natural
: Gas company is rigging up test on
the o. w Lambert farm. On Five
Mile creek, Sheridan district, Calhoun
sounty, Cochran & Funk are rigging
IN 10 drill a test on the Garrett Elliott
farm.
In the Eureka district. Peasants
county; the Virginia OIL company has
drilled No. 1 on the f. X. Bills farm
n .s@s--.- s.s--- --'.l. - 1870