The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1915-01-06
O|l AVDGA

Not since early last spring has
thing occurred IN the east that
$50 rightened the prospects for the
|eastern5 producer and operator as the
FIVE cents added to the quota tion for
credit balances last Monday morning.
For the past two Jays he market
and is future has been more dis
cussed than amy otner thing con-
lnected with the industry. Pitts
fburgh operators Interested In the
Oklahoma fields. have received word
that the great Cushing pool SHOWS
4 a sharp decline and despite the fact
that gushers are drilled In y from
time to time their production Is not
sufficient to meet the general de-
chne In the field. 1t may seem
selfish and mercenary on the part Of
1.-THE eastern operator that the decline
In the mid ntinent may continue
4 but 1t and the increasing demand for
Thigh grade crude will prove Of vast
benefit to the owners Of light wells
land operators with nothing better
than light territory to develop in
the eastern fields.
Discoveries In the West Virginia
fields are of more encouraging ma
lture than at any one time in many
months. Three counties have devel,
opments That slcow more promising
than at any time in the past. In
Burning Springs district. Writ couti-
Tty, the Keener sand development
looks better and, the chances for an
5'extension are good. Clay district.
Ritchic county. has a development
that lis furnishing some creditable
4 producers and 1t is the first this
county has had for more than a year.
THE salt sand development in Brax-
4 ton county. located at Rosedale, is
more promising. The last two COM
lpletions are the best producers
found in the Rosedale development.
In the way Of a strictly new dis
coyery,. far removed from produc-
I,tions, Kanawha county has the most
important. tt is located on Cabin
Greek in Cabin Creek district and
about 90. miles from the old Blue
Creek field in Elk district. The
oil was developed in the Berea Grit.
Neither tankage or transportation
was available at the time the well
Twas drilled in and It's status as a
lproducer has not as yet been deter
mined. That It Is good producer
Its the opinion Of those who have
land It is expected that 1t Is the
lforerunner of a new Berea Grit
pool, OF a dimension to be deter
mined. u 4
During the last week the compile
.ttions In the old districts have had 9
better average than has prevailed
lfor some months. Near the mouth
LOT Long Run, Central district, Dodd-
!lridge county, the Hope Natural Gas
Company has now completed its.
test on the e. NJ. Jackson farm and
has natural producer. good for
I25 barrels a day in the Big Injun
Island. on the waters of Poca river,
ESmithfield district, Roane county,
lyNayland OH and Gas Company has.
thrilled No. 3 on the Kelly heirs
farm, through the Big Tnjun sand.
land have given 1t a shot and has
La light pumper. n
On Big Elk creek Sardis district.
Harrison county, the South Penn
Eoil Company has completed. No. .
Ion the Alice G. Bean farm and has
la 15-barrel pumper in the Gordon.
sand. On the same stream. and in.
1.-The same district !. the same company
has drilled test on the
farm and has 10-barrel pumper.
THE South Penn Company's No. 8. on
the Eugene j. Robinson farm has.
been drilled through the GoGrdonl
sand and is very light pumper.
On Big Run, Grant district,
,I,Ritchfe county. the Victor Oil and
EGas Company (Clarksburg parties)
has drilled a test on the James
James Shields farm through the
salt sand and has 10-barrel pump
Ter. In McKim district. Peasants
county. Rinehart, Gore and COM
lpany, have drilled second test on
1.-THE Stella ". and 9. B. ownes farm.
Through the Keener sand and have a
ishow for a 10-barre1 pumper. The
location is $50 feet east Of their
first test. 81 Il
on Porter Fork. Duval district.
Lincoln county, the Carter Oil Com.
'Epany has started to drill test on
1.-THE Joseph Moore farm. On the
lsame stream, the Wayland Oil and
itGas Company has the rig completed
flor test on the Jennie A. Jones
farm, located 1000 feet north OF
1.-THE Carter Oil Company's test on the
Reese Clure heirs farm
4 In Clay district, Richie county
1.-THE Imperial OH and Gas Company's
.Etest on the Marie Keith farm Is
4 producing 105 barrels a day. On
,tGiiIespie Run, Grant district, the
\ Hope Natural Gas Company has
icompleted a test on the j. ID. Stam-
Hey farm and has a tight gasser In
1.-THE stray sand.
The OIL Market y
Pennsylvania ~. q. \. 81 so,
i Mercer, black 6. u. &. I. 1877
New Castle +. ( i. II. LOT
II Corning 9b
\ Cabell 3. y :. Z. !. II. 10
North Lima ..... ~. y. !. 49,. 81
South Lima $500. ~. 49,. So
Princeton 80. .s.l.s. Y. 4 !. -. $50 81
4 Wooster !. ! =. IFS
4 Indiana u. -. So. So,
4 Somerset .i...l.s. y. J. J. Z. -. : ~
lRagland s:5. !. J. j. y. $685. 10
Illinois 49,. 49,. Y. ...1.. ~
kansas and Oklahoma s55i
4 Corsicans, light ....l. 55l