THE AMERICAN OIL WELLS.

Southland Times, Issue 682, 12 June 1867, Page 3

THE AMERICAN OIL WELLS.

r ;S%a JNko York Tribune has the fol£«^sig\wi£h regard to the produce of the Jisseriean oil wells : — Iks f£he oil business shows some encou'S%ns o£ a revival, and, as there -3BS&. snany who have valuable, interests, vgf&aSk, real estate, or something to be r^^sd:©d by the relative productions, Sfeasa, and prospects of the trade, we lis^esompiled from as trustworthy sources ;i&s j»ssible a few statistics. The % locaHty r^i! estimated product of the producing is as follows:— The Tenangd Pensylvania, lying north and •^sasEi ; cf the Alleghany, from 150 to 200 x-tg^wt from Pittsburgh. The producing jf&egSs within this district are Pithole, about.four or five farms situatf&& *m Pithole Creek, two miles from the and 154 above Pittsburgh; -^M <sreek, extending from Shaffer farm BenneoffEun, a Oil Creek, Tidioute territory, above Pithole. The present yields egg -^ese sections, by farms and separate : &&Mb 3 as believed to be nearly as follows : l-^thdle.— Holmden arm, 12 wells, 795 per day. Eooker, 5 wells, 70 J^sasels per day. Hiner, 6 wells, 450 per ■sissr. Morey, 7 wells, 340 daily. 8 wells, 300 daily. Oil Creek — I£-'Elbenny Farms, 31 wells, 538 daily. :BtfiPT» 23 wells, 705 daily. Eynd, 6 -rreßs, 97 'daily. M'Clintock, 41 wells, SSs%% daily. * Egbert, 18 wells, 525 "&»Iv. Warner, 15 wells, 1,200 daily. I'i-ifoute.— Dennis run, 25 wells, 1,360

daily. Alleghany, &c, 46 wells, 2,184 . daily. "Whole products of Venange, 278 wells, 12,614 barrels daily. The Kanawha district, West Virginia. There are three separate producing fields— Burning Springs, on the Little Kanawha ; "White Oak, north-east of Parnersburgh, and Standing Stone. The daily production in each district, according to the best" information we can get, is about as follows : — Burning' Springs.— Burning Springe, -20 wells, 800 barrels daily. White Oak.— Ludlam, Ac, 13 wells, 975 daily. G-ales Porks, 6 wells, 225 daily. Luck Pork, 5 wells, 1,050 daily. Standing Stone.— Oil Bock, 13 wells, 680 daily. Parish Pork, 7 wells, 125 barrels daily. Whole product of West Virginia, 66 wells, 3,855 barrels daily. Ennisbillen district, Canada West, lying along the great Western Railroad from 60 to 100 miles east of Detroit. The producing centres are Both well, 68 miles east of Detroit ; Wyoming, the same distance further eajst; and Petrolia. Our reports r from either district are very meagre, and 6ur only basis for figures is the actual production three months ago, less the present natural loss, owing, to the low-price of oil, rthe abandonment of pumping wells, and Fenian scares. Petrolia is undoubtedly the best producing field at; present . : With the statement that the.enumeration of districts, farms, and wells in the above review does not embrace all that are actually producing, out with the .understanding that the product of those not enumerated will about tally with the daily loss and variation of those that are, we are prepared to push our investigations further, and discuss the comparative oil product and value of November, 1865, and November, 1866. The present daily product of oil in all producing regions is, according to the estimate we have given, 16,869 barrels. The .average price at the wells is $3 per barrel. : The present daily production is worth 50,000 dollars. Prom trustworthy statistics at hand we find that on the Ist of November, last year, the wholer daily yield of oil icL aU producing districts was.- 15,145 barrels ; average price per barrel s "dollars; total value, 75,725 dollars.- It appears, then, that while the present production, of ; oil is greater than that of last year;," and is, from the greater activity and experience in putting down wells, likely to be very soon measurably exceeded, the value of the product is only two- thirds as great as last year.