The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1915-08-19

OIL AND GAS

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At this time the advance IN the
crude market is of more Importance
Y TO oil producers than field develop
lments When the situation is dis
ctssed the talk generally turns to
the continued advance 1t is the con-
y eeeuS Of opfnion that 1t VIII go
higher, and the reason for thinking
SO Is the demand for high grade
crude. Rehners are insisting on
having crude OF the Pennsylvania
grade and the amount In storage is
very small. Within q few more
i months winter will have arrived and
at that season there Is always a fall
ing OF in Development work. Wild
caters are not inclined to do much I
work during the winter months.
requires time for operators to start
mp new work and it will require
effect before the favorable season |
closes. Should market conditions
continue to improve there will not
likely be a general resumption OF
Operations before next spring.
On Prices Fork. Grant district: |
Consolidated Oil Company has
drilled a second test on the w. III
Price farm through the Gordon sand
and has a show for tWenty-nYel
barrel producer. In the same dis
trict, Snyder and Penz have the rig
completed for q second test on m tael
f. Payne farm and the Hope
Z Natural Gas Company is starting
test on tho E. B. Evans farm.
On the south fork Of Huges river.
Murphy district, Richie county. To- !
Gated four miles down the river
from the Eureka Pipe Line Com
pany's pumping station, the Cairo !
& Oil Company has drilled q test on I
the j. Border farm through the Big
1njun sand and has a duster. In
Williams dis-.Se1. Wood county, the
johnson Oil Company is drilling
test on the John james farm.
On Cabin Creek. Cabin Creek dis
frfct. Kanawha county, the South /
Penn Oil Company has a buster at /
tract Oil was expected In the Berea
grit at this location. but Chen It
proved a failure in that formation It /
was decided to drill deeper than any
other well in that locality. subse-
quently 1t was drilled to depth OF
gas in any of the formations drilled
Through During the Blue Creek ex-
citcment the w. s. Edwards OIL Il
Company drilled wildcat we'll 10
Gated on Butchers run, considerable
deeper than the South Penn OIL
1iCOmpauyiS test. III
ON Porter's Fork. Duval district,
Ldncoln county, the Carter Oil Com
pany has completed and shot its No.
g on the Joseph Moore farm and has
ten-barrel pumper in the Berea'
grit. On the same stream and IN
the same district, the Eagler on
Company has started to drill No.
on the, q. B. Moore farm The same
company is due in the sand at a, test
ON the Walter Hall farm
On the Ohio side, in 1he Payne
district, Lawrence Township, WASH
ington county, Shay, MeMullen ana
Company have drilled a test on the
and have a very good gasser.
short time ago the same parties com
pleted No 6 on the Sophia I. Hume
farm and got a fve-barre1 pumper.
In Hanover township. Beaver
county, Pa, located two miles south
OF the Kendall pool. the Crown Pc
troleum Company has drilled No. A.
ON the Swearingen farm into the
sand and has a show for light
Near Grapeville, westmoreland
county, the Peoples Natural Gas
Company is now good in search OIL
gas In formation lower than gas
county The test is located on the
Haines farm and has been drilled tot
depth Of 5000 feet, but found
nothing. 1t is still drilling and will
be put down to a depth of 4,O0Ol
feet. The Peoples Gas Company has
In the last year done good deal Of
prospecting in West Moreland and
ad joining counties.
The South Penn Oh Company has
declared a dividend of s. share,i
payable September 80 to stockhold-I
ers of record September IA
The OIL Market.
Pennsylvania $1.55, Mercer black
ss1.17, New Castle. SLY. Corning
S1.eS, Cahell SLIT, North Lima $751;
south Lima s3. Princeton 50. Woos-
ter s1.05, Indiana Is. Somerset Sill
Ragland IS. Illinois 80 Kansas and
Oklahoma so. Corsicana light SIS,
Corsicana heavy 40, Electra 10. Hen
rtetta S.. Healdton sc. Gaddo 3s de
grees SO, Caddo IS degrees so, Cad.
do 90 degrees As. Caddo crude 50,
Canada $d.35.
Producers and Refiners Company
quote $1.55 for crude OF the Penn
sylvania grade