The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1920-05-14
KENTUCKY OIL Is
NOW $4 PER BBL.
THE EXPECTED ADVANCE WAS
MADE BY THE STANDARD
LAST MONDAY.


1t is true this time The Somerset
oil price went TO 81 last Monday. The
independent purchasers set the price
nearly two weeks ago, but the Joseph
Seep company was little slow in
meeting the advance.
This Is the hest price ever paid for
grades not accepted as Pennsylvania.
It helps to meet the advancing costs Of
development and stimulating that
branch OF industry.
The Ohio Fuel on company has So
producing wells In the field near Lou
isa and has 10 rigs drilling. Next
comes the Big Blaine with about 80
wells, and the West Virginia oil Gas
a. Distributing company with 10. Then
the New Domain.
The Union on upper Blaine has 2S
producing wells and "A number of rigs
drilling. These are the companies
with the largest production TO date In
Isawrence-co., but there are several
ether companies with smaller numbers
OF wells and large acreage on which
development VIII move as rapidly this
summer as the limited supply OF pipe
and supplies VIII permit.
The Union has contracted for nine
strings OF tools 10 be shipped from
Lee CO.. into the upper Blaine field.
A car load OF casing ordered last
August has just been shipped TO the
Union company This shows what OPP
orators are up against in the way OF
getting supplies.
Mr.. Ayers. OF the Union, has bought
four teams OF mules In central Ken
tuciy for which he paid s3S7b. They
viii be used In the development work
on the company's leases,
The Cumberland Pipe Line company
has purchased six acres OF land ad-
Joining II. ]. Pack. near Blaine. on
which a big pumping station will be
erected TO handle the production oil
that territory
New Territory.
A well was drilled in on the 'RIfte
sarm AZ Glenwood, on the north side OF
this county last week. which is re-
ported by the company 70 be good
well. The oil Is said TO have been
found IN the Berea grit u a depth OF
something over 1900 feet. The Good
Losers oil company Of Ashland owns
the lease and large surrounding acre
age. we have no definite Information
as the kind OF test II any, that has
been put on the we'll but hope TO have
by next week.
In Elliott County.
! wen reported TO be good for ID
barrels has been completed in Elliott
county. seven miles west OF the Union
Gas company's operations in Lawrence
county. a man named Yost drilled the
well.
In johnson and Maaoffin.
Browning g. Son brought in a good
wen on Pigeon creek in Johnsoh-co-
last week This is close TO gas pro
duction and helps very greatly TO de-
fine the lay OF the field.
There. Is much activity throughout
the Johnson Magoffin field. pipe
line is being laid into the territory and
when completed the real rush OF WORK
will start. There seems TO be no doubt
about this being an extensive deposit
of oil and gas.
Other Reports.
The Courier Journal says: Lee-co
had twelve strikes and three dry holes
for the week. most OF the prouucsrt
averaging around 20 barrels. Opera
aors are drilling the proved districts
closely. hut there have been a number
OF advance strikes this summer, with
a consequent widening of the product
i've area.
Wolfe-col. adjoining Lee, has num-
her of moderate strikes and two dry
holes to it's credit. The Estill-Powel
district was inactive.
Nenifee-co. has turned out number
Of nremiSing strikes lately, among th'
better wells being the Elk OIL X Gas
company's No. .. Ratcliffe 90 barrels
and the Big Pete oil company's No. 10
Brown lease. % barrels. Menifee-co
Is now producing around 1900 barrels
weekly. a pipe line having been ex'
tended TO the field only a few week:
ago.
Lawrence County.
In Lawrence after several years
activity. during which strikes seldom
exceeded 5 barrels some more pro
ductive territory has been opened, .
number OF late compilations showing ~
high as 20 barrels Lsawrence-co. pro
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