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
Thomas Johnson, of Oil City, held one-eighth of the Curtin interest and
Patrick Johnson had a bevy of patrician wells at the summit of the
tallest hill in the valley. The curtain has been rung down, the lights
are out, the players have dispersed and none can hint of “Too Much
Johnson.” The farm of sixty acres adjacent to the Curtin and the
Criswell nook Hamilton McClintock traded to Daniel Smith in 1858 for a
yoke of oxen. Smith sold it in 1860 for five-hundred dollars and sank
the cash in a dry-hole on Oil Creek. P. P. Cornen and Henry I. Beers
bought the farm in 1863 for twenty-five-hundred dollars, clearing
two-millions from the investment. Cornen served as State-Senator in
Connecticut and died in 1893. His sons operate in Warren county and down
the Allegheny. Mr. Beers, who settled at McClintockville, for thirty
years has been prominent in business and politics. He was a California
argonaut, spent three years in San Francisco, built the first house in
that city after the first great fire and revisited the East to marry
“the girl he left behind him” in 1849. The Yankee well, erratic as
George Francis Train, was the first glory of the Smith tract. The Reed
caused a rush for one-acre leases at four-thousand-dollars bonus and
half the oil. Picking up gold-dollars at every step would have been less
lucrative. The wells were stayers and Daniel Smith was not “a Daniel
come to judgment” in his estimate of the farm he implored J. W. Sherman
to buy for two-hundred-and-fifty dollars.
Cornen & Beers first leased a half-dozen plots six rods square at
one-half royalty. Two New-Englanders and Cyrus A. Cornen, son of Peter
P. Cornen and nephew of Mr. Beers, drilled the first well, the queer
Yankee. Some gas and no oil looked promising for a dry-hole, but the
owners put in small tubing and pumped a plump day. They decided to draw
the tubing, seed-bag higher and try it once more for luck. The tubing
had been raised only a foot when the well flowed “like Mount Vesuvius
spilling lava.” The flow lasted five minutes, stopped twenty, flowed
five more, stopped twenty and kept up this program regularly twenty-one
months. Sixty barrels a day was the average yield month after month,
until one day the Yankee concluded to retire from active duty. Much of
its product sold at ten to thirteen dollars a barrel, enriching all
concerned. The Yankee boomed the crush for leases and was altogether a
tempting plum. The Auburn, the second well on the Smith farm, was a good
second to the Yankee, the Gromiger and Cattaraugus traveled in the
one-hundred-and-fifty-barrel class, while the Watkins toed the
two-hundred mark, with the Aazin and Fry chasing it closely.
Public-domain text, read in full here on John Shaqi.
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