The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-04-28
OIL AND GAS

Both the eastern and Mld-Continent
crude oil markets were subjected 10
anotner reduction yesterday and addt-
tional cuts are expected. IN the. eastern
fields crude or the Psnnsyivania grade
was reduced from S2.@5 TO S2.tO. Mercer
black and New Castle were reduced
with a ten-cent cut. whereas the three
hfcNioua cuts were OF 70 cents each.
ne quotation for that grade Is now
slts. tabell was reduced from si.T4
20 fl.s1 and Somerset was cut from
si.25 90 $50.
Kansas aud Oklahoma we're reduced
ahothsr hFc cents. making the quota
ton FOR ;hat grade eight cents. since
thc decline began this D. "A net loss OF
tNsnty -hye cents a barrel on Kansa,
ana Oklahoma and loss Of forty cents
"a barrel ON the eastern product or the
lennsy lvania grade. The eastern helds
ton and will be the most kecnlv feit.
Win nothing but light territory TO de-
Nelop n Will not be possible to continue
districts. Operations in light territory
~ the Mld-Continent neidS will not be
able 10 continue development work In
inc gusher districts there will be no let
up IN operations. Eastern operators and
producers are hoping that the market
Tor nigh grade crude will not be below
least. they are not al an sanguine that
II VIII stop AT that pOint.
Field Developments
On Rock Lick branch. ELK district
Kanawha county. the south Penn oil
comuany's 40 Is co., thc Riuc 49,
tract produced ss5 barrels the ih'f nrst t's q
hours AFTER ~ was drilled into the Weir
sitnu pay on Failing Rock creek Big
sandy district. the Failing Rock Canal
,oal company has drilled No. 90 on its
own property through the same form
alton and has buster. on the same
stream and In the same district. the
- 'onneli on company has completed
No. a on the Goshorn tract and viii
not have better than "a 5-barreI bumper.
~ F3ur Mile creek. sheridan district.
11;;iineoln county the Columbia Gas n
Electric company les drilling 40 - on
the Thomas Watson farm. ON the same
| stream and iu the same district the
four Mile company rs drilling No. IL ON
'he Guy andotte Land Association tract.
Light Wells In Harrison
NJ Wallace. ON Ten Mile creek Sar-
aS elsiiict Harrison county. the Cove
J on q Gas company has completed No.
on the Celia T.. Thomas farm and has
"a n-h"Ilcl pumpcr ga the Gordon sand.
", MNliiiam Nhan q Co. have completed
7 their well ON the Omcr r.. Han larm
same formation.
ON West Fork diver. Clay district.
Harrison county. the Hope Natural Gas
company Aa- completed two tests ON
sn' " g. Golden farm. The first Is a
iais EusScI BOO tEe HIth sand and lie
second light passei In the Big iniiio
sand ON Sims ran. Clay district the
same company has competed a test on
I the j. y. Coon farm ana has a gasscr ia
On Barnes run. Clay district. the
Flity-iogt tIl company has drilled "A
test on the TgbIthu nm farm through
the Fitty-foot sand ana has "A light Ras-
Tscr In that formation.
Harrison County Gauges
In Sardis district. the South Penn OIL
tompauy's No. on the s. r. Ianhnn
iamr Is holding NJ at 1sO barrels "a daN.
lu the same district. Grove * parrfsh'J
No. I on the T.. v. Moore farm Is ur,-
, duciuE $50 barrels. In Battclle district.
B Monougalia county. the South Penn Co.'S
No. ON the J. \. 4 \. Fox farm is
Z holding uD at lJO barrels.
ON Gillespie run. Grant distric;
iitchlc county. G. l.. Brown q Co hove,
completed and shot n test on the Ruth
crtord heirs farm and have a IS barrel