Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1919-06-05

dernOOn, June y, Ely
day. The company is rigging ct
No. Is on the same tract.
In Louisville. the organization
of the Big Sinking Petroleum Go.
was effected and Incorporation
papers have been applied for in
Delaware. This company is cap
'italized at 81 600, 600, andshas just
purchased at;a good figure the Is
acre Pendergrass tract on Big
Sinking creek in Lee county from
Young and Stevenson and w. P.
Williams Oil Corporation. The
tract in question has IL wells in
and 8 drilling and a production
|cstimated at 1000 barrels a day..
The Petroleum Exploration Co.
has purchased the J. T. Day tract
|of 200 acres on Little Frozen
creek in Breathitt county, and
|Nill shortly begin the develop
|nent Of this property.
President George Mcleod, Of
| he Capital Oil Company, which is
operating the Beatty heirs lease
il Lee county, stated Tuesday
that the big well recently brought
|in on this lease by his company
Fis still maintaining its production
around 400 barrels a day and is
4ae of the best wells in the east
E4rn field He states that the COM
fp4ny is drilling two more wells on
die same lease, which are expect
Id 10 about, June 18th.
! The Danville Oil & Gas Com
IIhny brought in No. 2, on the 6.
III. Floyd lease in Lincoln county.
II is a good one. Oil was struck
lat 4 depth of $50 feet, where the
Sand was u feet deep. They only
drilled IA feet in the land. This
]welI is only a short distance
lsouthwest of well No. /. The
driH has been moved to a point
northeast of No. l for well No. 3,
which many believe will be a
lgusher.
The Island City Oil Company
has decided to begin drilling or
Tits large acreage in Owsley coun-
lty. The company has 1000 acres
Fleased and drills will be put to
'Ewdrk within the next sixty days
lThE company's leases are wen Sc
llected, 500 on Island Creek and
lon the Right Fork of Islant
'tCreek. Acreage adjoining is. be-
ling drilled. About 100 acres are
tonsI sIudian Greek, and 6W near the
property Of the Pyramid Oh Co
land the Owsley Oil and Gas Co
This is in the neighborhood oi
/ Travellers Rest and Endee. 1t i:
Iestimated that more than forty
ltest wells will be drilled in Ows'
Hey county this year and it is tn,
ibelief of experienced oil men ans
ifgeologists that the county viii
,lprove an oil producer.
Recently there have been Sigh
! decreases in the amount of OF
run out Of Kentucky through tn,
Cumberland Pipe Line Company
, lines. This was explained yes
: terday by news that the com
lpany's lines in the past severa
-weeks have been hampered b,
.lseveral accidents to the Eurek
Pipe Line Company's lines il
West Virginia. The Eureka Com
.,Ipany enlarged its lines to NEE
the increased Kentucky produc
tion and at the same time tn
Cumberland system was enlarg
led. Shortly after completing tn
sInew lines the Eureka's dam wa
( ;'|badly injured by high water i
2 West Virginia, and later conder
q Isers were put out of order. Nov
however, the trouble is over an
runs through the Cumberlan
: Hines will not be held up.
81 Business men from variot
s points in Kentucky are intereste
lin the Gem Oil Company, just ol
'etganized in Winchester and inco,
: Iporated in Delaware for $4,000
s1J. A. Judy, of Mt. Sterling,
: -sipresident, and c. "A. Craveris, I