The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1916-03-04
OIL AND GAS
DEVELOPMENT
OF TRI-5TATE
Latest Reports of Operations In
West Virginia, PennsN-
va1ia and Ohio.

tue ehSlRFn neIQB are changing uanuS.
Those who have production are not
disposed to part with their holdings
for the reason that they do not know
where to look for new. The largest
sale OF recent date has just been coI-
summated in the BeSsemer field III
Lawrence county, Pa. and the price
paid is IL good illustration OF the
high figure settled production Is
held. The property sold was the
holdings OF the Lawrence County OIL
Company composed of Franklin,
Pa. parties. and comprises leases on
1000 acres in the Bessemer field, on
which there are 220 producing anu
two drilling wells. The net daily
production of the 22O wells is 125
barrels and the price paid for the
property Is reported to have been
100000 and the purchaser Is the
Crew-Levick Company, of Philadel-
phla.
1t is shallow sand territory AMI
part of the property sold lies In Ma
hontng county, o., Just across the
Pennsylvania line. On a basis OF
100000 for the 1876 barrels produc-
ton places the selling price at $4,000
a barrel, the highest figure any pro-
ducing property in that section has
brought up to this time. The average
size OF the wells Is little above one
half barrel. The Lawrence County
Oil Cocmpany has been developing
it's holding in the Bessemer field for
a period OF more than three years. ex-
cept during the depression. when it
discontinued operations.
Field Development.
Large producers have no place in
the late competitions IN West Yir-
ginia fields. On Beech Lick run,
Greenbrler district. Doddridge coun-
ty, the Hope Natural Gas Company
gave Its No. 3 on the j. Dennlson
farm second shot and II responded
by placing lis barrels to Its credit
the ensuing twenty-four hours. The
well was completed six weeks ago
and had IN initial production OF 20U
barrels.
On Indian creek. NIcElroy district,
Tyler county, the Mcintyre Brothers
have now drilled their test on the q.
Il. Mcintyre farm through the Cor
don sand and developed a fair gasser.
In the Burning Springs district, Writ
county, the South Penn OH Company
has completed No. on the N. j.
Wilson farm and 1t Is good for five
Barrels day from the Salt sand and
has q gas pressure in the gas sand.
estimated to be god for 1000, 900 Gu
bic feet day.
Roanc County Competitions.
On Green creek, Walton district.
Roane county. the Louis L. Payne
Oil Company has completed and shot
its No. IL on the I. S. Summers farm
and 1t shows for ten-barrel pnmper
in the Big Injun sand. In Spencer
district. the South Penn Oil Company
completed no. 3 on the o. V. Nc
Cowan farm and got five-barrel
pumper.
On Spring creek at the mouth OF
Little creek, Spencer district. the
Spring Creek OIL and Gas Company
has the rig completed for test on
the G.. NJ. Sergent farm. In Elk dis
ItrIct, kanawha county. the South
Penn OIL Company shot No. 2 ON the
iJ. A. Boggs farm in the Weir sand
and increased Its production from
two to eight barrels day. On Wal
nut creek. In the same district, the
same company shot No. 8 on the
/ Gardner farm and increased its pro-
duction from almost nothing to three
barrels day.
The on Market.
The prices paid for oil of various
grades by the purchasing agencies
ara.