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


kssaceassepcsescsr surs1seoaczcescsa-eaa::
At this time the advance N the
crude market is OF more Importance
( 10 oil producers than field develop
x4emfs. When the situation Is dis
cussed the talk generally turns TO
the market and the prospects for
the continued advance. It is the con
geaus of opinion that 1t win go.
hi&her. and the reason for thinking
70 IS the demand for high grade
x crude. Refners are insisting on
having crude OF the Pennsylvania
Grade and the amount in storage is
very small. Within a few more
months winter will have arrived ana
At that season there is always fall
ing on In Development work. Wild
caters are not inclined to do much
work during the winter months IL
requires time for operators to start
up new work and it will require
sharp advance to have q nottceaoie
erect before the favorable season
closes. Should market conditions
continue to improve there Will NOT
likely be a general resumption OF
operations before next spring.
Wetzel county, w. Va. the Domano
CONSOLIDATED Oil Company has
! drilled q second test on the w. \. /
Price farm through the Gordon SAND
and has show for a twenty-five
barrel producer. In the same dls-
trtct. Snyder and Penz have the Ils
completed for second test on tne
p. Payne farm and the Hope
Natural Gas Company is starting
rest 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 caro-
OH Company has drilled a test on
the J. Border farm through the Big
Injun sand and has a duster. In
Williams distSSct. Wood county, tne
Johnson Oil Company is drilling a
test on the John James farm.
on Cabin Creek. Cabin Greek dls-
trict, Kanawha county, the South
Penn OIL Company has a duster at
its test on the Oh1ey Coal Companys
tract. OH was expected in the Berea
grit at this location, but I9hen
proved failure in that formation 1t /!
was decided to drill deeper than any
other well in that locality. subse. |
Smently IL was drilled to depth OIL
ZOO feet and found neither oil nor
gas in any of the formations drilled
through. During the Blue Creek ex.
citement the w. S. Edwards on
Company drilled wildcat wen 10
Gated on Butchers run considera DE Of,
y deeper Inan eAS 9o"
Company's test.
on Porter's Fork. Duval district,
Lincoln county, the Carter OIL Com
pany has completed and shot it's NO.
8 on the Joseph Moore farm and has
q ten-barrel pumper in the Berea
the same. district, the Eagler OH
Company has started to drill NO.
ON the G.. B. Moore farm. The same
company is due in the sand at test
on the Walter Hall farm.
On the Ohio side, in 5he Payne
district. Lawrence TOWNSHIP, WASH,
ington county. Shay, McMullen ana
Company have drilled test on the
r. Al. Hume farm into the Berea grit
and have very good gasser.
short time ago the same parties COM
pIeted No. on the Sophia L. Hume
farm and got a tive-barrel pumper.
In Hanover township, Beaver
county. Pa, located two miles south
Of the Kendall pool. the Crown Eel
troleum Company has drilled No. II
on the Swearingen farm into the
sand and has a show for light
pulnper. II
Company is now good in search OF
gas in a form alton lower than gas
has previously been found in tina:
county The test is located on the
Hafnes farm and has been dr1lled 60
4 depth of $500 feet, but fouEd
nothing. 1t is still drilling and will
be put down to a depth of 4,OoOl
feet. The Peoples Gas Company has
Is the last year done good deal OF
prospecting in West Moreland ana
adjoining counties.
SThe South Penn GA Company has
declared dividend of SO share,
PAYABLE September so to stockhold-
$50, rsP 1.aonrd Semi amher
The OIL Market.
Pennsylvania $155. Mercer black
Sill New Castle. $1.17, Corning
sos, Caben Silt. North Lima SO.
south Lima So. Princeton 50, Woos-I
ter $1.O5, Indiana IS, Somerset ST.
Ragland SIS, Illinois 80. Kansas and
Oklahoma so, Corsicana light IS.
Corsicana heavy 40, Electra TO, Hen
rietta IS. Healdton sc. Gaddo 3S de-I
Rrees so, Caddo 5 degrees so. Cad
do go degrees AS. caddo crude 50.
Producers and Refners Company
quote $1.55 for crude OF the Penn
sylvania grade.