The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-05-12
OIL AND GAS

Those who were hopeful that the
credit balance market was anchored
at 500 have another guess coming
When the purchasing agencies opened
ior business yesterday morning re-
uuced quotations for eastern crude.
except Somerset and Ragland. were
reduced ten cents. The cut lust post
ed Is the sixth ten-cent cut in three
weeks. starting from $25O for crude
% tne Pennsylvania grade. The quo
tations Tor the various grades are as
follows; Pennsylvania, 81 80: Mercer.
black. and New Castle. $40: CORNING.
Sl.O1' Cabell. Sl.47, and Somerset
Sl.u1. The last named was cut but
I'VE cents. and Ragland was not dis
turbed' remaining at % cents.
row that the market has dropped
below two dollars the prevailing opin-
ion is that it will be subjected to adj.
ullonal reductions. Operators in the
eastern fields will feel the effect with
greater force than the west. Opera-
Tors IN the east had started to reduce
development work, and now that the
market promises TO go down lower.
IL VIII cause a still greater falling of
IN the development work
Late Field Developments.
IN the Wallace district. Sardis dis
Ilct. Harrison county. ". Va J. T
Miller Go. have drilled their No 3
on inc }. T. Lanhan farm through the
Iourth sand. and have a very light
punlpei- IL was the first well on this
ldrnl that attracted attention TO that
section. The well had an initial pro.
uuction OF more than 800 barrels
~ wallace. in the same district
ASH BROS, nave completed a well on
me ). =. Flaharity lot and have a very
ilght show OF oil in the Gordon. This
location is inside the corporate Limits
A Fs.Hr q 81 Il
are still holding up crediiabIy. The
South rem Oil cOmpanys No. { on
me ). X. Lanhan farm is producing
40 barrels. Treat q Rowland's No. :
on the ID. G. Lauchery farm is pro
ducing lG5 barrels and Grove a. Far.
rIsh 40 ] X Y. More. 175 barrels.
On Thomas run. Clay district Mon.
ongalia county. the Philadelphia com.
pany has drilled No g on the phiIip
Shuman farm into the ffty.foct farm
and has q very good gasscr. on Rush
run OF Henry's Fork. Smithheld dis.
trlCt. ROane county. the Carter OIL
company has the riE CONNECTED for "A
test on the Ncttie Butcher farm. 10.
Gated $40 feet east Of No . ON the
y. ". Butcher farm. On Laurel RIM
on Henry Fork the South Penn OH
company has the RIG completed for
NO. : on the J. g.. GroathOusc farm
On the waters Of Rush creek. Smith.
field district the South Penn OH com.
pany has drilled No ~ on the W B..
FcTrell farm through tho Big IniuL
sand and has a very light pumpcf
Good Producer IN Marion.
ON Mods run. Warrington district
Marion county. Fleming a CO. have
drilled second test on the Roocc
farm through the Gordon sand and DO
produced goo barrels the first "A hours
Near the state line boz NOuoulalI4
county. tho Marion OIL company has
oomplotof No 3 on the postalwaItc
iarm and has very liLht pumpcr in
ON Falling Rock Creek. Bic Sandy
district kauawha county The O.Con-
nclI OIL tOmu0ny has drilled No So
through The Wen sauG and has q gu.
barrel producer ON Tonnpr's crcrk.
Troy district. Gilmor county. tho Hone
Test on the 8 ~ Bush farm through
tho Horea grit and found 10 barren
u vas shot in The Biz luiun sand and
Dbl fair lIesor.
Southeastern Ohio.
ln the deep sand territory iu south.
eastern Ohio. in the CrCoksviIle pool
Harrison township. Perry county tho
chicago on Company. Fuller a. Howe
have completed and shot fhpir second
lost on the George ID Allen farm and
the hole filled uu 1000 feet with fluid
Do viii make o. lU.barraI rumrar fr
Hopcwcn township IIckr~ county
che Co'umbu Ga. * Frai Comrany 2
80 . on the y s. Lo1rhman farm b.
holding uu 90 100 barrels 20 daN
Shallow Competitions
Too The Corning district f.rrc.
township. Perry county. 30 Vs. Wrir
nas com lctcd 30. B ou tho Ponrof
Iafm and has very usht show ot
on JOB The HerrH grit Iu tho same
Joe ATTY. tho FufnUs OH CDmuauv h4.
dfillcd No. ON flo Narelrsf Dorr4IIy
farm through tho same formation 4r!
has The same Mind uf producer WU.
lam Hermey a Co. are drilling test