McClintock Farm and Oil City Oil Co.
Pittsburgh Commercial, December 7, 1864
We direct the attention of those who are desirous of making a sure and profitable investment in oil stock to the prospectus of the above named company. Their territory, from its well tested position, embraced as it is within the richest yielding locations of Oil Creek and the Allegheny River, should at once command the entire subscription of its capital stock of $180,000 of shares of $1.00 each. The company’s land consists of 50 acres in fee simple, situated on Little Oil Creek, a branch of the far famed Oil Creek. Equal in all its oil indications to the celebrated Cherry Run, which is also a feeder of Oil Creek proper, having its source in a northeastern direction. Already numerous derricks have been erected and are rapidly approaching completion, and one well, now producing 25 barrels per day. Before the expiration of six months, it is confidentially believed that this 50 acre tract alone will have the value of the entire capital stock of the company. Persons will do well not to ignore new lands, especially in fee simple, and where eligibility situated for sure production when bored.
This company has four wells, three of which are situated on the Widow McClintock Farm, Oil Creek. They are numbered one, two and three. Number one is a ten barrel well, and is said to have every indication of increasing to 30 barrels per day. Numbers two and three are comparatively new wells, not having been completed, but work on them is now progressing. Although a fine show of oil appears in both, a blower is now being applied to one of them, which we are assured will increase the production immensely. This is a chance of realizing at any moment a sudden rise in stock over the subscribing price, as the new wells are so near to the oil bearing stratum, on Oil Creek. The land on which these wells are situated and that belonging to this company, consists of two and one-fourth acres, upon which there is still room for from three to six more wells. Taken with the fact that the company have set aside a large working capital, this will make it one of the very best oil investments now offered to the public.
Surrounding these wells the beholder is struck with astonishment at the richness of the wells producing. Standing in the center of this company’s leases and looking in every direction are fine flowing and pumping wells. Among which may be enumerated the “Hammond well,” which is now producing 300 barrels per day. The “Sterrett well,” pumping 100 barrels per day, within one hundred feet of the Painter well, which is pumping some 30 barrels per day. “Painter No. 2,” pumping forty barrels. “Lone star wells,” one of which is pumping 75 barrels, and the other 15 barrels. These wells are situated within short distances on every side of this company’s ground. There seems to be a positive certainty of a great yield of oil.
In addition to the above property this company has purchased the well known “Good Intent oil well,” that has been producing oil for some time and making good dividends to its owners. Also, 45 rods of riverfront immediately below the borough line of Oil City. Three of the wells of this company are complete in their outfit, having engines, tubing, tools, etc., in perfect order. This is a rare chance seldom offered. If you wish to secure the chance, the subscription book will be found on Thursday morning, at 10 A.M., at the office of Messrs. [“Coal Oil Johnny“] Steel [Steele] & Baily, Wilkins Hall.