Oil Intelligence
Rochester Evening Express, November 13, 1865.
New Well on Sugar Creek
A new well has recently been struck on Sugar Creek, Lake Branch, on the Brown farm, 2 1/2 miles above Carpenter’s. It is known as the “Booth well” and belongs to parties in Chicago. It produces in the neighborhood of 25 barrels of lubricating oil per day. Gravity 31 degrees.
New Well Invention
The Pithole Record says: The latest thing in the oil regions is a new double tubing process. One tube, as now, holding the sucker rods.
The other allowing processes for testing the well, permitting the flow of gas, and relieving any sudden extra flow of gas or water. This process, we understand, has been introduced in the Humboldt Valley, in California, where oil matters are progressing favorably.
Lubricating Oil at Pithole
The Recorder also has the following: We learn that the proprietors of No. 3, Paxton farm, West Pithole, about one mile from this city, claim to have struck a good quality of lubricating oil in their well. If this turns out to be a fact, the days in the future are bright for West Pithole.
A new well has been struck on West Hickory, on the Hugh Miles Farm, which is producing 25 barrels per day.
Pithole Production
The Pithole correspondent of the Erie Dispatch says: Pithole has now 30 producing wells. Sixteen that has produced, but are now out of order. The daily yield is 8,603 barrels, or nearly six hundred barrels per minute. At $6 per barrel, the present price of oil, it amounts to $51,618. The sum of $12,000 pays all expenses, being a profit of $40,618 every twenty four hours. The amount of oil on hand up to this date is 38,860 barrels, valued at $6 per barrel, amounting to $230,160. At the tank belonging to the Pipe Company, there are three two-inch pipes, each of which are pouring forth a large stream of oil, pumped from the tanks of the principal wells.
Cost of a Well at Pithole
The following is the price, outside of the bonus, which ranges from $100 to $1,000 per half acre:
| Engine | $1,500 |
| Engine house and drilling rig | $600 |
| Driving pipes, $4 per foot, 40 feet | $160 |
| Drilling tools | $300 |
| Drilling cable | $150 |
| Sand pump cable | $30 |
| Two sand pumps | $10 |
| Bellows and anvil | $40 |
| Coal and wood | $700 |
| Labor – 4 men 45 days each, $4.50 per day | $810 |
| Sundries | $300 |
| Total | $4,500 |
We have just visited the last new well, No. 140, Holmden farm. A large quantity of oil is wasted in consequence of not having tankage. A large number of new tanks are being put up, one of which will be finished this afternoon. The well is still increasing. When the rods are out it is expected it will be a six hundred barrel well.
No. 3, Morey farm, is still increasing. The rods are still in.
After the well is complete and a per cent taken from the cost of the engine, tools, cable and drilling rig, for the wear, tear, and breakage, they are worth to the owner $1,600, making the well cost $2,960. Tubing, sucker rods, and fixtures for tubing will cost $700, and $15 per day for pumping.