The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1914-04-29
and CAS-

UlLhNU. UhO
i, Both tile eastern and Mid. Contin,
inent crude OIL markell We're sub
jected to another reduction yester4
day and additional cuts are expect
cd In the eastern fields crude OF
the PENNSYLVANIA grade was reduced
from s2.25 to $40. Mereerablack
and New Castle were reduced from
s1.70 to SLIGO. Corning escaped
with ten-cent cut. whereas the
three previous cuts were Of Is cents
each. The quotation for that grade
Ills now SIPS. cabell was reduced
from SLIT to s1.67 ana Somerset
was cut from SLIPS to s1.20. =
Kansas and Oklahoma were re-
duced another FIVE cents, making the
Quotation for that grade eight cts.
Since the decline began this is a net
loss of twenty-five cents a barrel on
Kansas and Oklahoma and loss OF
forty cents a barrel on the eastern
product of the Pennsylvania grade,
The eastern fields have had to suffer
the heaviest reduction and will be
the most keenly felt. With nothing
but light territory to develop It will
not be possible to continue operations
except in the shallow sand districts.
Operators in light territory in, the
Arid-Continent fields will not be able
to continue development work. In
the guster districts there will be
no let up in operations. Eastern
operators and producers are moping
that the market for high grade crude
will not be below the two dollsr
mark, but to say the least they are
not at all sanguine that 1t will stop
at that point,
Field Developments.
On Rock Lick Branch, Elk district.
Kanawha county, the South Penn,
Oil conpany's.. No. 3S on. the Blue.
Creek tract produced 235 barrels the,
first "a hours after 1t was drilled in
TO the Weir sand pay. On Falling
Rock creek, Big Sandy district, tile
Falling Rock Canal Coal company
has drilled No. So on its own prop
erty through the same formation
and has a buster. On the same
stream and'in the same district, the
o'connell Oil Company has complet-
ed No. Al on the Goshorn tract and
will not have betterythan 5-barrel
pumper.. On Four Mile creek, sheri-
dan district, Lincoln county, the Co.
Iumbia Gas & Electric company. is
drilling No! "a On the Thomas Wat
son farm On the same stream and
in the same district the Four Mile
company Is drilling No. II on the
Guyandotte Land Association tract.
Light Wells in Harrison.
at Wallace on Ten Mile Creek,
sardis district Harrison county, the
Cove; Oil & Gas company has c6mplet.,
ed No. g on the Celia E. Thomas
farm and has q 5-barrel pumper in
the Gordon sand. William Whan
& Co.., have completed their we'll ON
the omert E. Hall farm. and have a
very light pumper in the same forma.
tion.
On West Fork river, Clay district,
Harrison county, the Hope Natural
Gas company has completed two tests
on the A. G. Golden farm The first
is a fair gasser in the fifth sand and
the second a light gasser in the Big
Injun sand. On Sims run, Clay dis
trict. the same company has complet-
ed a test on the ]. E. Coon farm and
has a gasser In the Big Injun.
4 On Barnes run, Clay district, the
Fifty-Foot OIL company has drilled a.
test on the Tabitlia3 Hill farm
through the Fitty-foot sand and has
a light gasser In that formation.
Harrison County Gauges,
In Sardts distrist, the South Penn
Oil Company's No. q on the S. r.
I.anhan farm is holding up at 10
barrels a day In the same district.
Grove & Parrish,s No. / ontthe R. "
Moore farm is producing Is o barrels
In Battelle district Mon6hgaiial
county. the South Penn. company:sl
No. . on the ]. A. q A. Fox farm Isl
holding up at 1s0tbarrels.
On Gillespie run, Grant district
Richie county, @. L. Brown &, Co.
nave completed and shot test on the
Ruehtrford heirs farm and have q
25sbarrel producer In the Keenerl
sand. On the same stream. II, d
Gillespie has drilled his old No.
IN the w. I. Heck farm from the
Seener to che Big 1njun sand ana itl
100 barrels The iifst al
hoFrs.
On Nutter's Fork; Grant district.
Riteltie county. d. u. Leaton 4 Co.
nave completed test ON the Laura |
Meta farm and have q light gasser /