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
For himself, George B. Delamater and L. L. Lamb, in the summer of 1860
Orange Noble leased seven acres of the Tarr farm, at the bend in Oil
Creek. Dry holes the partners “kicked down” on the Stackpole and Jones
farms dampening their ardor, they let the Tarr lease lie dormant some
months. Contracting with a Townville neighbor—N. S. Woodford—to juggle
the “spring-pole,” he cracked the first sand in June, 1861. The Crescent
well—so called because the faith of the owners was increasing—tipped the
beam at five-hundred barrels. The first well on the Tarr farm, it flowed
an average of three-hundred barrels a day for thirteen months, quitting
without notice. Cleaning it out, drilling it deeper and pumping it for
weeks were of no avail. Not a drop of oil could be extracted and the
Crescent was abandoned. Crude was so low during most of its
existence—ten to twenty-five cents—that the well, although it produced
one-hundred-and-twenty-thousand barrels, did not pay the owners a dollar
of profit! Drilling, royalty and tankage absorbed every nickel. Like the
victories of Pyrrhus, the more such strikes a fellow achieved the sooner
he would be undone!
On the evening of August first, 1861, as James Tarr sat eating his
supper of fried pork and johnny-cake, Heman Janes, of Erie, entered the
room. “Tarr,” he said, “I’ll give you sixty-thousand dollars in spot
cash for your farm!” Tarr almost fell off his chair. A year before
one-thousand dollars would have been big money for the whole plantation.
“I mean it,” continued the visitor; “if you take me up I’ll close the
deal right here!” Tarr “took him up” and the deal, which included a
transfer of several leases, was closed quickly. Janes planked down the
sixty-thousand and Tarr, within an hour, had stepped from poverty to
affluence. This was the first large _cash_ transaction in oil-lands on
the creek and people promptly pronounced Janes a fool of the
thirty-third degree. An Irishman, on trial for stealing a sheep, asked
by the judge whether he was guilty or not guilty, replied: “How can I
tell till I hear the ividence?” Don’t endorse the Janes verdict “till
you hear the ividence.”
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