The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-02-28
oil men LOOK F)R
GREAT ACTIVITY
Yesterday Advance "a the
I Price Was Topic for Gen-
eral Discussion.

-. u
chasing Agency opened for business
brought the quotation for high grade
mother step nearer the Sc mark.
~ the places where Pittsburgh on
men congregate the markets Ssd.
rance was generally discussed. /, The
market has been advanced four times
1.-The past month, aggregating 80
CENTS 9 barrel. From September 81
d last year the market has been ad.
vnnced nine times, total OF $1.55.
III February, five years ago the mar
Ret stood at $1.50. Save for q few
recessions there has been a steady
aftvance up to the present, giving al
new high record OF $3.50.
II ~ the consensus OF opinion
omonE on men that the demand. for
high grade crude is the cause for the
recent advances in the market. For
2 great many years new producing
territory has been growing scarcer
and even the largest operating com.
p1nies have not been able to main
Tain production at "a point commensu.
rate with the amount OF development
The winter months have been most
unfavorable for field work, but the
coming spring will witness revival
such as has not been seen in many
years. Operators will no longer hest
tate to drill in any kind OF territory
that can furnish a little new produc-
kinn. There Is stilla good lealS OF this
kindtof territory in the old fields. In
Eodme sections, long since condemned.
leasing has been q feature during the
winter months. t.st -
In Clay district, Monongss:a coun-
w. Va. the ]. Fl. McDermott Oil
company has drilled a test on the. 8.
81 Ghalfant farm into the gas sand.
Agood pressure was developed in that
FORMATION and the we'll viii not be
drilled deeper now. Thas same. COM
pany Is duo in the Gordon sand at a
test on the r. Pyles farm. w. 1. SUIT
ton has started to drill No. s on the
Thomas Sutton farm. / 80 :, d
In Fairview district, Marion county,
The Owens Bottling Machine company
has rigs completed for tests on. the
Carl Hill and J.SB. Mercer farms. The
SINE company has started TO drill a
test ON the j. w. Toothman farm. In
Warrington district, Marion county,
The Carnegie Natural Gas company
has q duster IN the fifth sand. at a
test on the J.sD 'Fsurbee afarm. The
Red River OIL and Gas company jsi
dEilling q test on the. g. A. Snodgrass
farm, and the Eastern Petroleum
company's tests on the Elias Wilson
and Sina Wells farms are due in the
sand.
In Clay district, Monongalia Scoun-
Carnahan & Co. have put No. 4
IN the r. w. Sine farm to pumping
IN the Big Injun sand. It Is producing
10 barrels day In Battelle district,
the Hope Natural Gas company Is due
IA the Big Injun sand at a test on the
CfafN Remnant farm. In Big Flint dis
trtct Doddrtdge county, the Carter On
company has a five-barrel pumper in
the Gofdon sand at No.-4 on the F. On.
defwood farm. The location for No. s.
on the same farm has been made. The
Carter OIL company Is due In the Big
Injun sand at test on the w. w.
Spenucer farm. &,
In Grant district, Richie county,
Snyder & Deems have completed No.
q on the Amanda Simmons farm. 1t
IS good for four or five barrels day
Ia the Big 1njun sand. lin Murphy
district, the Cairo OIL company's No.
4 pp&the JohnSFury farm Is light
bumper In the salt sand: In Union
district Wood county, the Kentucky
on company Isl making the grade at
= location on the II. Bunting farm.
m Walker district, the Cambria OIL
company's test on the w. J. Perry
farm is showing for, very light
pumper IN the Cow Run sand. In
Harris district, Brown & Stout have
the rig up for test on Sthe william
Sellers farm. In Williams district
the Henderson on company is due
II the sand at No. 8 on the L. Athey
fsrmA The same companyss No. 6
on the q. M. Uhl farm is a three-bars
rel bumper IN theT Cow Run sand. On
the Volcanic tract in Walker district
the Hope Natural Gas Company has
the rig completed Cor a record deep
& :..s.:--....----s------ -
- /.