The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1919-08-19

initial we'll, which is reported to be
Is barrels.
Pennsylvania parties, drilling near
Olympia, Bath county, have struck
oil and their initial we'll is credited
with five barrels. other wells will be
sunk Immediately in this section.
Announcement is made that the
Cooperative Oil & Development
Company, of Paris, has made a con-
tract with Winchester parties to
drill on the w. r. Sparks tract of 54
acres in the Ashby section of Powell
county. This property adjoins the
Ashby, Miller, Prewitt, Golf and
Baker tracts, all of which have pro-
duced considerable oil.
The Mt. Sterling Oil Exchange,
which has been closed down during
the summer months, will reopen for
business September l, and will be
under it's former management. VIM.
French, operator, and Russell Cox,
local manager.
The Paris exchanges will resume
business at the same time.
The Little Banjo Oil Company, of
Paris, which bought the Rice Oil
Company's holdings in Elliott coun-
ty, is rigging up pump, pulling the
tubing, and setting a tank near we'll
No. l, on the Vess Peters lease.
The Company's initial well on the
Fannin lease in Morgan county, at
the head of Elk Fork, is now down
430 feet.
A 250-barrel we'll in Lee county
and two 100-barrel wells in the AL
len county pool were the features OF
the developments in the Kentucky
oil fields, as reported Saturday. The
big Lee county "gusher' was brought
in by the Thraman Oil Company on
the Anna Fisher tract in the Bic
Sinking territory and is the first well
drilled in by this company on the
Fisher lease.
The Little Banjo Company has
purchased the Peters holdings in
Elliott county on which ten-barrel
we'll was drilled in several months
ago. The company has set up
pump, tanks, pipes, etc., and will
clean out the we'll and thoroughly
pump it to demonstrate what it will
do. The we'll was drilled in the
Berea sand and it is said has been
flowing at intervals when shut in.
1t is understood the Bourbon Oil
& Gas Company will clean out and
| re-shoot the No. 1 we'll on the L. C.
Pritchard lease near the Peters well
in Elliott county. Operators have
been assured that in the event one
or two more good wells are drilled
! in in that section pipe line will be
run from the Lawrence county fields
to Elliott county. A number OF
| rigs are reported working that ter
ritory now.
The Bourbon Oil & Development
Co., of Paris, has brought in a TWEEN
| ty-five barrel we'll on the Lewis lease
in Elliott county. This is their in
itial we'll. which was "shot" on thai
lease recently. 1t was necessar!
to pump off salt water before a thor
ough test could be given. The com
pany will clean out and shoot" 1T:
initial we'll on the L. c. Prichare
lease. which came in several week:
ago.
The McCombs Producing and Re
flning Company is drilling its initia
well on the Incas lease two mile:
east of Airedale, in Lee county. Thi:
company has considerable acreage
i'm this vicinity for which it is sale
from Sc to 81 an acre was paid. No
10 of the Columbia Oil & Gas Com
pany.- on the E. S. Moore farm in Lee
] is in. and is credited with 20 bar
rels. This company has large mum
Der of stockholders in Paris ant
Bourbon county.
Mr.. S. " Brents, who recently re-
signed as secretary and treasurer Of
the Mutual Oil & Refining Company
and who was for a long time con
nected with the Bourbon Oil & De
velopment Co., and the Cooperative
Land & Development Company, OF
Paris, is forming a new oil company
in connection with number of Ken
lucky business men. The new com
pany will have valuable leases and
options on considerable acreage in
various counties.