The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1913-02-06
OIL AND GAS

The credit balance market for crude
oil Of the Pennsylvania grade was ad.
vanced again yesterday. making the
quotation $3.50, The last advance was
cents less than the preceding I'D.
vances. which amounted 60 cents
each. Other eastern grades did not
shars In the last advance. remaining
At the prices quoted the previous day.
Since the first Of the year there have
been eight advances I'm the credit bal
ance market. amounting in all for
pennsylvania crude to as cents n
barrel
The Producers & Refiners Company
and the High Grade Oil Company now
quote the same prices for Pennsyi-
wanna Crude as the Seep purchasing
agency. Owing to the present high
quotation for high grade II Is the
opinion OF a good many that the ina a
ket will be advanced by easy stages
and possibly remain stationary at the
even $3.50 mark
Field Developments.
With the market less spectacular.
operators can turn their attention to
field Developments, The weather con.
ditons are against active work, but
operators are closely investigating the
prospects for new producing territory
and later will get busy and start tests
where there Is the least possible en-.
couragement.
On blackberry run. Pis Sandy dis
uic'. kanawhe county, the South
Penn Oil Company has drillsd It's test
on the ID. II. Carnes farm deeper and
Increased its production from 200 TO
N - - a.
was completed more than a month
ago and had an initial production OF
more than 500 barrels.
In the southwest extension of the
Blue creek neld. ON Indian creek, Elk
district, the South Penn OIL company
mas drilled its test on the Slack-Wertx
farm through the Suuaw sand and has
2 natural producer good for 20 barrels
= day; On Scaffold run. Spencer dis
OIL company has cleared ont It's No. 1
on the w. J. Davidson farm and In
creased f;s production to 600 barrels
. day.
On Jordan's creek. Big Sandy dis.
tr1ct, the Elk River Development CON-
pany Is drilling test on the Louis
Woods farm. On the same stream tho
Brast OIL company is starting a sec
ond test on the Charles E. Hays farm.
On Failing Rock creek, the Peerless
CafDon company has the rig complet-
ed for second test on the ]. D.
White farm.
Good Producer In Old Territory,
Some OF the old districts are fur
nishing very creditable producers. On
Fallen Timber run. Grant district, Wet
Eel county, y. s. Snyder & Co. have
drilled their No. on the Smith Edgell
farm through the Big Injun sand and
have show for a 7O-barrel producer.
There Is a good deal of undeveioped
territory In that district and opera.
TONS are increasing
On Coburn's creek, Ten Mile DIS
trict, Harrison county, located one
mile west OF Deweytown. Jarvis & Co.
have completed and shot a test on
the Losh heirs farm and have a 3
barrel pumper. North OF Sh!nnston
on West Fork river. Clay district. the
Philadelphia company's Nos. 8. . and
10 on the Lucas Bros tract are pro-
duc'ng 375 barrels a day The same
company's Nos 70 and l3 on the same
tract are producing 1870 barrels n day.
Southeastern OIL.
The shallow sand districts TN south.
eastern Ohio are fgrniSiing noti !ng he. .
ter than light wells Ia the PAYNE dlS.
trict. Liberty township. Washington
county. Charles Efcker-on has compile
ted a test on the Fick@rsOn heirs farm
and has LIGHT pumper IN the secon,.
Cow Run sand In the same district
Shay & McMullen are drilling ON 4 81.
the sophia Hum. farm.
IN the Marietta district. Marietta