Sketches in Crude-oil: Some accidents and incidents of the petroleum development in all parts of the globeMcLaurin, John J. (John James)
History
Sketches in Crude-oil: Some accidents and incidents of the petroleum development in all parts of the globe
McLaurin, John J. (John James)
Petroleum -- History; Petroleum industry and trade -- North America -- History
The opening months of 1860 were decidedly lively on the Cochran Farm, in
Cranberry township, opposite the Hoover. The first well, the Keystone,
on the flats above where the station now stands, was a second-sander of
the hundred-barrel class. The first oil sold for fourteen dollars a
barrel, at which rate land-owners and operators were not in danger of
bankruptcy or the poor-house. Fourteen-hundred dollars a day from a
three-inch hole would have seemed too preposterous for Munchausen before
the Pennsylvania oil-regions demonstrated that “truth is stranger than
fiction.” The Monitor, Raymond, Williams, McCutcheon and other wells
kept the production at a satisfactory figure. Dale & Morrow, Horton &
Son, Hoover & Co., George R. Hobby, Cornelius Fulkerson and George S.
McCartney were early operators. B. E. Swan located on the farm in May of
1865 and drilled numerous fair wells. He has operated there for
thirty-two years, sticking to the second-sand territory with a tenacity
equal to the “perseverance of the saints.” When thousands of producers,
imitating the dog that let go the bone to grasp the shadow in the water,
quit their enduring small wells to take their chance of larger ones in
costlier fields, he did not lose his head and add another to the
financial wrecks that strewed the greasian shore. Appreciating his moral
stamina, his steadfastness and ability, Mr. Swan’s friends insist that
he shall serve the public in some important office. Walter Pennell—his
father made the first car-wheels—and W. P. Smith drilled several snug
wells on the uplands, Sweet & Shaffer following with six or eight.
Eighteen wells are producing on the tract, which contains
one-hundred-and-forty acres and has had only two dry-holes in its
thirty-six years of active developments.
[Illustration: ALEXANDER COCHRAN.]
Public-domain text, read in full here on John Shaqi.
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