The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1915-01-06
OI[IND CAS-

MOL SINCE early last tpr4nk 4nhs
anything occurred in the east that
SO frightened the prospects Tor the
eastern producer and operator as the
five cents added 10 the quotation for
credit balances last Monday morning.
For the past two Gays lie market
and its future has been more dis |
cussed than any other thing con-
nected with the industry. Pitts
|burgh operators interested in the
Oklahoma fields have received word |
that the great Cushing pool SLOWS |
q sharp decline and despite the fact
that gushers are drilled In from
time to time their production Is not
sufficient to- meet the general de-l
cline in the field It may seem
selfish and mercenary on the part OF
the eastern operator that the decline
in the mid-continent may continues
but It and the increasing demand for
high grade crude will prove Of vast
benefit to the owners OF Light wells
and operators with nothing better
than light territory to develop IN
the eastern fields.
Discoveries In the West Virginia
fields are Of q more encouraging ma
Iture than at any one time In many
months. Three counties have deyel-
lopments that lcow more promising
than at any time In the past. In
Burning Springs district, Writ conn
lty, the Keener sand development
Hooks better and the chances for an
extension are good. Clay district
Richie county. has development
that is furnishing some creditablel
producers and 1T Is the first this
county has had for more than a year.
The salt sand development in Brax-1
ton county, located at Rosedale, IS
more promising: The last two COM
Ipletions are the best producers
found in the Rosedale development.
In the way of a strictly new dis
covery, far removed from produc-
Jtions, Kanawha county has the most
important. It IS located on Cabin
Greek in Cabin Creek district and
about 20 miles from the old Blue
Greek field in Elk district. The
oil was developed in the Berea Crit.
Neither tankage or transportation
was available at the time the well
WAS drilled in and its status as q
producer has not as yet been deter
mined. That It Is a good producer
\ is the opinion : OF those who have
|been able to secure any information
and it is expected >shat 1t Is the
lforerurner Of a new = Berea Grit
pool, of a dimension to be deter
mined.
During the last week the compile
tions in the old districts have had
better average than has prevailed
flor some months. Near the mouth
OF Long Run. Central district, Dodd-
fridge county, the Hope Natural Gas
| Company has now completed its
test on the Z. M. Jackson farm and
has a natural producer. good for.
25 barrels day in the Big Injun
sand. On the waters of Poca river,
ISmithfield district, Roane county,
IWayland Oil and Gas Company has
4 drilled No. 8 on the Kelly heirs
farm, through the Big Iniun sand
and have given 1t a shot and has
ia light pumper.
1 on Big Elk creek, Sardis district,
Harrison county, the South Penn
4 OIL Company has completed No. 3,
on the Alice G. Bean farm and has
a 15-barrel pumper In the Gordon
sand. ON the same stream, and IN
\ the same district, the same COMPANY
has drilled a test on tne
farm and has a 10>barrel pumper'
THE South Penn Company's No. 3, on
the Eugene j. Robinson farm has
'.lbeen drilled through the GoGrdon
sand and is a very light pumper.
On Big Run. Grant district,
Richie county, the Victor Oil and
lGas Company (Clarksburg parties)
! has drilled test on the James
James Shields farm through the
salt sand and has a 10-barrel pump
Ter. In McKim district. peasants
county. Rinehart, Gore and Com
pany. have drilled a second test on
!, the stella v. and G. B. Ownes farm,
Through the Keener sand and have
show for 10-barrel pumper. The
location is $50 feet east OF theil
n first test.
on Porter Fork. Duyal district
) Lincoln county, the Carter OIL Com
! pany has started to- drill a test or
1.-The Joseph Moore farm. On the
: same stream, the Wayland Oil a1ie
/ Gas Company has the rig completed
: for test on the Jennie A. Jone'
!. farm, located 1000 feet north q
. the Carter Oil Company's test on the
/. Reese Mcclure heirs farm.
a In Clay district, Richie county
-lIthe Imperial Oil and Gas Company'i
test on the Marie Keith farm II
Y producing 1O5 barrels day. OF
: IGillespie Run, Grant district, the
Hope Natural Gas Company has
I completed a test on the j. d. Siam
. ley farm and has a light gasser g
! the stray sand. v
The OIL Market
Pennsylvania $500; s1.5!
4 Mercer, black l.s.
New Castle 1888 5000. ~,
= Corning '..s..;.. "
. Cabell .......s.F.s. ...,.i. Ill
: North Lima -. 3;
: South Lima ......i.i.s. .. y