Hide Article Text (OCR)
From the Oil Dorado ”Plomeb, Pexs’a, A [h il 8, 1805. Amidst the taking of cities, the huzzaing of a grateful people, the shouts of victory, joy at the prospect that this dreadful carnival of the devil tnay soon have ao end, and—what is the supplement of all these bnttle? wkelber lost or won—:tbe mourn'ng for thedear bravo ones fallen in the strife bv brothers’ hands. How can one sit quietly down ond write of materia! matters like petroleum, or much less expect that for some time to come, any one will read what 4s written 1 With little expectation of getting a hearing11 and with little worthy to communicate, your special will endeavor to give some account of the present “ situation in Petroliana. This may he briefly told. All is “quiet” not only on the Alleghany, bnt on Oil Creek, Pit Pole and Cherry run. The military situation has a wonderful and direct influence upon the Oil situation. As gold goes up, 60 goes Petroleum and consequently Petroleum lands and in toreals gouerally. In fact just now things are emphatically dqll througlrtbese Eegions. Oil has been selling at $4 per barrel where it brought $10 last winter. Now it is bringing $5, I understand. Owners would hold it had they tankage room, as it is considered sure to rise soon. Tho various Refineries are buying up large quantities to hold. No better investment in my opinion can be made than in tho purchase of crude Oil at the' present prices, provided the purchaser have plenty tankage room.Tho latest news is that the United States Company have found oil in a new well on the Copeland farm above half a mile above theirlt; big well on the Holmden farm on Pit Hole. Oil is said to spun to near the top of the derrick, and the prosp'ect is good for another flowing well. This will revive the drooping spirits of the holders of Pit Hole property.— The United States Co., had their tools stuckthree wells, which fact always gives rise to unpleasant suspicions regarding the prospect of oil in such wells. This last strike however, will tend in a great measure to remove their suspicions. .Thinking it may be of interest to bo me who know little of the modus operandi of obtaining I give below the “ record”—which is always kept at every well—of two or three wells as they went down,ase No. 30, MeElheny Farm, on Oil Creek.At depth of Hi feet struck Water Course, at depth of 180 feet hard rock.“ 209 first sand rock,“ « 224 “ through first sand“ 11 353 struck socond sftndrock,“ “ 359 small oil and gasvein,“ “ 362 small crevice, “ 880 “ through second sandrock.1 11 430 “ struck gas vein andcrevice, “ 474 “ crevice-of6 inches,“ 11 493 !’ small mud vein. '• 495 “ Third sand rock,“ “ 500 some oil and gaB,“ “ 510 11 through third sandrock,“ “ 525 “ depth of wallFound Oil.On tho Wash McClintoek farm.1st sand rock at thedepth of 170 feet—48 ft. thick.2.1. Sand rock at the depth of 33G ft.—14 ft. thick.3d. Sand rock at the depth of 445 ft.—26 ft, thick.At Plumer, tho first sand rock corresponding to the first on Oil Creek, is really a second rock, as has been found by an experiment by the Warren Bros. here.They found—1st, Sand rock—as found in Oil Creek—375 feet—37 ft. thick.2d, Sand rock—as found in Oil Creok—515 feet—30 ft. thick.3d, Sand rock—as found in Oil Creek—C37 feet—85 ft. thick.This well was sunk to the depth of 903 ft as an experiment. It was intended to go much deeper, but the property was suddenly sold toother parties. Oil’was found in limited quantities only here.-,Oil is usually found in the third sand reck in crevices. Sometimes, however, it is obtain ed at the entrance and sometimes just through the rock. The depth at which the rock is found, and the thickness of tho rocks vary greatly in different localities.Several new good wells aie reported recent, ly struck on the Watson Flats, just below Ti tusville. Theories of the oily wise are thus knocked concave every day or so.Plumer, heretofore destitute of means o rapid communication with tho outside world is now bountifully supplied. Daring the past week both the United States and the Western Union Telegraph companies have established offices here/ and are operating. The increasing development of territory hereabouts, and the great interests centered here, made these institutions an absolute necessity. We have also now a Nationl Bank, with former Syracn. seans the principal officers. B. W. Baum, Esq , is President, and J. J. Wadsworth, Esq , Cashier. They are already doing an exten. sive business. Any institution must of no-cessity thrive with such thoroughgoing and successful business men at its head.The mud, which cannot be exaggerated description, has pretty well ‘ dried up,” and no better time for “prospecting” will there bo probably than in a conplo of weeks.A largo amount of property has, within the past few days,gone back into “first hands”, the purchasers preferring to forfeit whatever amount they have already paid, to taking the property.To those who have visited Plumer, and intend to repeat that visit, it will be of interest to know that on Monday of this week the Plumer House passed into new hands, and bids fair to be kept on far different principlesthan heretofore. The new landlord is from Elmira. N. Y., and Pennsylvania cooking will probably bo below par with him.Some parties from Rochester hare erected a tent on the Refinery grounds in the village, and are doing a good business, I understand, with tboir canvass. They have bunks to accommodate about fifty guests, and dining room accordingly. Visitors at Titusville last winter, will be able to understand the present situation when I tell them that there are acta, ally empty beds now and then of a night at Pendleton’s Hotel. Bnt with dry roads and pleasant weather, all hope for another rush of fortune aeekers, loaded with greenbacks.OiaAowow,
Newspaper Details
Syracuse Daily Courier and Union
Syracuse, New York, US
Sat, Apr 22, 1865
Page 2
Full Page
Clipped by
Anonymous
USA 08 Jan 2025
Other Publications Near Syracuse, New York
Syracuse Journal
Syracuse Evening Herald
Syracuse Herald Journal
Syracuse Daily Courier and Union
Syracuse Daily Courier
