The Sunday telegram. [volume] (Clarksburg, W. Va.) 1914-1927, 1915-08-22

kratfhcation to eastern oil men during
the LAST week was the second ten-cent
advance In the credit balance market.
xnaking the quotation for crude o. the gs
ennsylyan:a grade $1.55 TINS e
Inst twenty cents higher than It was
Tor the corresponding period one year
ago. The second rise came ip Ing
early part of the week and between
ffsat time and the close of the week
die market In the Mld-Continent ana
Middle West was advanced, giving rise
to the belief that the eastern market
Is In line for another advance IN the
near future.
There is no doubt of conditions hav-
ing improved materially within the
fast two months The production OF
the Oklahoma fields Is not so menac-
ing and the demand for crude has been
afeadsly increasing. Over production
has been the principal cause OF the
dapression and once 1t has been re-
noxed-and no new prolific PRODUCING
territory In sightr-producers ana
operators In all sections will exper-
fence new era OF prosperity 1t Is
the army of produoets. having small
wells and no new territory to develop
VINO will be most benefited by the
recent advances in the market.
Operations Not Increasing.
In the. eastern fields there is no In
iication OF an increase in development
work. ocoasioned by the rise in the
miarkat. August IS usually a busy
month for operators. but the advance
came too late and has not gone. far
enough to encourage operators 10 re-
sume OPERATIONS Light territory is
an that is available for an immediate
resumption and the prices of crude
has not yet reached that point to
make 1t attractive.
IN the Big Injun sand territory. a
new development. on Fishing creek
district. Wetzel county. w. Va, the
New iMartinsyi1le oil Company has
completed No. S, on the S. B. Morgan
farm and has q forty barrel producer.
No 4 on the same farm was completed
few days ago and is good for thirty
barrels day. The completion OF
these two wells improves the pros
poets for the development of Big
In5un pool. Owing to previous de-
ve1opment work In that locality IL IS
not expected to be large
In the Weir development on Blue
creek. Elk district Kanawha coun-
ty, the South Penn Oil Company
drilled Its No. 1 on the Anna @.
skinner farm through the sand and
has q. show for a forty-barrel pro-
Queer. In Spencer district, Roane
Company has drilled its test on the
Cor heirs farm through the Big
Intt,n sand and found nothing but a
light gas pressure. 1t will be aban-
doned.
@ on yellow creek, Center district.
Calhoun county. the Spear Oil Com
pany has drilled No. II on. the James
Metz farm through the Berea grit
and has a buster. On Tanners
9ie{~ OF conn kV
the Crude Oil Company has complet-
cd It's test on the F. j. Waggoner
farm and has light pumper in the
CAN'T sand On Sugar creek. Clay
district, Wetze1 county. the Carne-
Rfe Natural Gas Company has now
drilled its test on the =. B. Petit
Farm through the fourth sand and
has buster. In the same dlstrics.
The Hope Natural Gas Company has
started TO drill test on the J.. s..
Foothman farm.
Harrison County.
on Limestone run, Clark district,
Harrison county, the Philadelphia
Company has drilled its test on the
Mary r. Shinn farm through the fifth
sand and has gasser. On Lost
Greek, Grant district, Ernest Ran
dolph is due in the sand at test on
the w. G. Goodman farm. On West
OH Company has the rig completed
for a second test on the s. l.. Perine
farm. In the same district, and on
ther same stream, the Grassellt
chemical Company is due in the Cor
don sand at test on the j. L. Davis
farm.
on Dunkard creek. Battelle district
Monongalie county. the P1ttsburg
and west Virginia Gas Company has
started to drill test on the George
Renner farm. On Coal Form, Sheri-
dan district, Calhoun county, the
Hope Natural Gas Company is down
p ZOE feet at test on the Mary A.
johnson farm and fishing. On Lit
tie; creek, Spencer district, Roane
county, L. 8. Parker has started to
drill test Ion the Shedrick Truman
farm. In Harper district, the Ago
ma OIL Company is down 500 feet at
e test on the CIV Gandee farm and
-.s,7 southeastern Ohio.
The southeastern Ohio fields are
completing nothing better than light
bumpers. In the Reas Run district,
Grandytew township, Washington
county, e. f. Casper & Co. have
completed No. z on the McMahan
heirs farm and have a duster in the
Keener sand. In the same locality,
sBYkeSss .berTy 6 :Sl1. nave conplelSa,
NO on the Knowlton farm and
had gasser in the salt sand. Thorn
ffy q Hester have the rig completed
for No. II on the Eckert heirs farm,
IN the Payne district. Lawrence
township, Shay. McMunen & Co. are
drilling second test on the B. A.
Hume farm In Independence town
ship. @. L. Brown has the rig COM
Dleted for test on the William Mof-
TAFT farm. In the same township,
wright q Reckard have the rig COM
uJetad fot test on the C. L. Brown
farm.