The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1915-08-12
s IA u ROWD SEES
NOR GANTO RAGING
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0IL AND GAs

h OIL and CHS f
se2e<e1esasa:s
The Observation-Disclosures crude oil
market was again advanced yester-
day. making the third upward move
fment within the last ten days. me.
quotation for Oklahoma, Kansas and
fields isInow sixty cents. The three
advances gives an appreciation Of MY
per cent within the time stated.
Eastern operators are more INFER
fested in the prospective advance Of
the market than in field deve1op-
ments. Since the advance of fifteen
cents in the market price of crude N
the mid-continent fields there has
been 9 very general feeling that the
price of high-grade crude would De
advanced. In the past nearly every
advance in the market for crude Of
the Pennsylvania grade has preceded
that of other grades. The new quota
tons forswestarn oil is a reversal of
previous movements
Eastern operators as whole are
not making any effort to push deve1-
opment work, but say IL the market
advances they will do considerable de-
!Velopment Work. a smaA AppTecla-
ton VIII not stimulate work, ana IN
order to cause revival IT VIII nave
20 pc OF substantial nature. Inere
Is a difference of opinion as to now
high the market should go to have a
noticeable effect en- operations: It IS
pretty generally conceded, however,
that 1t must not stop much short or
Sc to restore field work. 1t is very
generally understood that the ma1or-
1ty OF eastern OPERATOR nave az TINS
time noth1ng but fgnt territory 70
develop.
A 50 market would inspire the
IND new pools. For NUMBER OF
months the wfldcatter has made very
little effort to find new producing ter
ritory and the locations that nave
been tested failed to bring the De
sired result. West Virginia mas more
territory that has not been fully test
ed than any other sect1on IN the East.
West Vfrg mia.
On Nutters Fork OF Goose Sreeh,,
Grant district, Richie county. George
Rtnehark and Others have drilled
test on the j. Carpenter farm through
the Big lnjun sand and nave q duse-
er. Development work in Rttchie
county has led all other shallow sana
county is smaller at thes time tn ian
at any time since the nrst OF tue
year For number OF years t .l.s
er. Development work IN hltchie
districts
In Murphy district a. + bonneH
and Company have the rig complesetsue
for teston the j. Mclaughlin Farm.
In the same district Rogers ana Com
pany are due in the sand at test
on the M. Tenant farm. In Murphy
district the Equality OIL Company -
due in the sand at No. 4 on the u
Lyons farm. In Burning Springs dis
trict. Writ county, g. A. Gart1an IS
due. in the sand at test on the Sar-
all Lewis farm and has started 20
drill No. 4 on the Rutherford tract
In Union district. Peasants coun-
ty. there is quite a little test work
under way. Eddy and Company are
due in the sand at second test on
the Joseph Adams farm. The hrst
test completed on this farm was one
Of the best producers found In Pleas
ants county since the first OF the year.
The same parties are drilling q test
on the Perry Tfce farm and Ed
munds. Miller and COMPANY are
starting a test on the Johns Beagle
farm. Q. p. Morris is due In the sand
Southeastern Ohio.
In the shallow sand territory in
Southeastern Ohio, In the Reas Run
district. Grandview township, Wash
ington county. Sykes and Berry's
test on the Knowlton farm Is show
ing little oil and they will give 1t a
When first drilled through the sand
the well showed no oil and was re-
ported buster.
No now conn ,,e ,rera ranorted