The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1915-03-22
0iland Gas
CUT is ANNOUNCED
IN EASTERN CRUDE

4 .. h d
The weekend brought no comfort to
the eastern operator and producer
Yesterday morning the seep produc
ing agency of the South Penn Oil Com.
pany posted another cut in the price It
would pay for credit balances Of east,
ern crude. The one posted yesterday
was the second Of the week and
brought crude Of the Pennsylvania
grade down to $1.40. The new quota.
ton Is the lowest since January S,
1912, for crude Of the Pennsylvania
grade. Corning and Cabell grades
were reduced five cents, making the
present quotations 80 cents and 81, re,
spectively. Mercer black and New
Castle were reduced two cents and
Somerset the same amount. OF all the
eastern grades, Ragland alone was not
disturbed and remains 65 cents.
The weakness Of the market will
have a depressing effect. Operators
have very little territory in the east.
ern fields that can be developed when
the market is low. It has now declin;
ed to a point where even the operators
In the shallow sand districts will hest.
tate at starting any great amount OF
new work. 5yi.'5
Field Developments.
The week Of development work In
the eastern fields was rounded out
without the completion of any wells
better than light producers. In Clay
district, Richie county, West Virginia;
the Cairo Oil Company has drilled a
test on the W. Mccullough farm
through the Maxon sand and has a
show for a 2o.barrel producer. The
location is 500 feet west Of the Hope
Natural Gas Company's No. 2 on the
Isaih Griffin farm.
On Long run, Central district, bod.
bridge county, the Carnegie Natural
Gas Company has drilled its test on
the J. Mccullough farm through the
Big 1njun sand, and has a fair gasser.
On Ragan's run, McClelland district,
]. w. Agnew and others have drilled
a second test on the J. r. Roberts
farm through the Big Injun sand, and
found 1t barren. It Is now drilling to
the lower sands.
In the old Smithfleld district, Wetzel
county, the Philadelphia Company has
drilled No. II on the Robinson.H age
farm through the Gordon sand, and
has a show for fve.barrel pumper.
This location Is In defined territory.
The rig for No. 10 on the same farm
has been completed. In the same dis.
trict, N. S. Snyder 6 Co. are drilling
No. Is on the Smith.Edgell farm.
Light Pumper In Lincoln.
On Straight Fork. Duval district,
Lincoln county, the Big Creek Devel.
opment Company has drilled No. 8 on
the Ellen A. Workman farm through
the Berea grit, and has an amber oil
producer good for eight barrels day.
In the Weir sand development on Blue
creek, Elk district, Kanawha county,
the South Penn Oil Company has com.
pleted and shot its wildcat on the C..
l.. Myers farm, and will not have bet.
ter than five.barrel well. 1t has not
as yet been put to pumping.
In the Keener sand development on
Rock run, Burning Springs district,
Writ county, the Walnut Creek Oil
Company's No. 15 on the Harvey G..
Sayer farm is producing Is barrels a
day, No. 8 on the same farm, shot a
few days ago, is still holding up at
125 barrels day. On Fishing creek,
Grant district, Wetzel county, the Do.
man Consolidated Oil and Gas Com.
pany has given Its second test on the
N. A. Ensminger farm shot in the
Gordon sand, and has a show for a
15.barrel pumper,
The OIL Market.
Pennsylvania ..................S1.4o
Indiana Observation-Disclosures. rs
Illinois COMMUNICATIONS. "a
Kansas and Oklahoma 40