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
On the afternoon of May twenty-seventh, 1863, everything was ready.
“Start her slowly,” Noble shouted from the derrick to Fertig, who stood
beside the engine and turned on the steam. The rods moved up and down
with steady stroke, bringing a stream of fresh water, which it was hoped
a day’s pumping might exhaust. Then it would be known whether two of the
owners—Noble and Delamater—had acted wisely on May fifteenth in
rejecting one-hundred-thousand dollars for one-half of the well. Noble
went to an eating-house near by for a lunch. He was munching a sandwich
when a boy at the door bawled: “Golly! Ain’t that well spittin’ oil?”
Turning around, he saw a column of oil and water rising a hundred feet,
enveloping the trees and the derrick in dense spray! The gas roared, the
ground fairly shook and the workmen hastened to extinguish the fire
beneath the boiler. The “Noble well,” destined to be the most profitable
ever known, had begun its dazzling career at the dizzy figure of
three-thousand barrels a day!
Crude was four dollars a barrel, rose to six, to ten, to
thirteen! Compute the receipts from the Noble well at these
quotations—twelve-thousand, eighteen-thousand, thirty-thousand,
thirty-nine-thousand dollars a day! Sinbad’s fabled Valley of Diamonds
was a ten-cent side-show in comparison with the actual realities of the
valley of Oil Creek.
Soon the foaming volume filled the hollow close to the well and ran into
the creek. What was to be done? In the forcible jargon of a driller:
“The divil wuz to pay an’ no pitch hot!” For two-hundred dollars three
men crawled through the blinding shower and contrived to attach a
stop-cock device to the pipe. By sunset a seven-hundred-barrel tank was
overflowing. Boatmen down the creek, notified to come at once for all
they wanted at two dollars a barrel, by midnight took the oil directly
from the well. Next morning the stream was turned into a
three-thousand-barrel tank, filling it in twenty-one hours!
Sixty-two-thousand barrels were shipped and fifteen-thousand tanked,
exclusive of leakage and waste, in thirty days. Week after week the flow
continued, declining to six-hundred barrels a day in eighteen months.
The superintendent of the Noble & Delamater Oil Company—organized in
1864 with a million capital—in February of 1865 recommended pulling out
the tubing and cleaning the well. Learning of this intention, Noble and
Delamater unloaded their stock at or above par. The tubing was drawn,
the well pumped fifteen barrels in two days, came to a full stop and was
abandoned as a dry-hole!
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account