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
Frederic Prentice, one of the pluckiest operators ever known in
petroleum-annals, was the first white child born on the site of Toledo,
when Indians were the neighbors of the pioneers of Northern Ohio. His
father left a fine estate, which the son increased greatly by extensive
lumbering, in which he employed three-thousand men. Losses in the panic
of 1857 retired him from the business. He retrieved his fortune and paid
his creditors their claims in full, with ten per cent. interest, an act
indicative of his sterling character. Reading in a newspaper about the
Drake well, he decided to see for himself whether the story was fast
colors. Journeying to Venango county by way of Pittsburg, he met and
engaged William Reed to accompany him. Reed had worked at the Tarentum
salt-wells and knew a thing or two about artesian-boring. The two
arrived at Franklin on the afternoon of the day Evans’s well turned the
settlement topsy-turvy. Next morning Prentice offered Evans
forty-thousand dollars for a controlling interest in the well,
one-fourth down and the balance in thirty, sixty and ninety days. Evans
declining to sell, the Toledo visitor bought from Martin & Epley an acre
of ground on the north bank of French Creek, at the base of the hill,
and contracted with Reed to “kick down” a well, the third in the
district. Prentice and Reed tramped over the country for days, locating
oil-deposits by means of the witch-hazel, which the Tarentumite handled
skillfully. This was a forked stick, which it was claimed turned in the
hands of the holder at spots where oil existed. Various causes delayed
the completion of the well, which at last proved disappointingly small.
Meanwhile Mr. Prentice leased the Neeley farm, two miles up the
Allegheny, in Cranberry township, and bored several paying wells. A
railroad station on the tract is named after him and R. G. Lamberton has
converted the property into a first-class stock-farm. Favorable reports
from Little Kanawha River took him to West Virginia, where he leased and
purchased immense blocks of land. Among them was the Oil-Springs tract,
on the Hughes River, from which oil had been skimmed for generations.
Two of his wells on the Kanawha yielded six-hundred barrels a day, which
had to be stored in ponds or lakes for want of tankage. Confederate
raiders burned the wells, oil and machinery and drove off the workmen,
putting an extinguisher on operations until the Grant-Lee episode
beneath the apple-tree at Appomattox.
Public-domain text, read in full here on John Shaqi.
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