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
went to drill out the plugs and usher in the market-crusher. “We have a
jack-pot to open at our pleasure” remarked one of them, voicing the
sentiment of all. None looked for anything smaller than fifteen-hundred
barrels. The four drillers were discharged and two trusted lieutenants
turned the temper-screw and dressed the bits. Ten plugs and a mass of
dirt must be cleaned out. From a distance the scouts timed every motion
of the walking-beam, gluing their eyes to field-glasses that not a
symptom of a flow might slip their eager gaze, “like stout Cortez when
he stared at the Pacific upon a peak in Darien.” Swift horses were
fastened to convenient trees, saddled and bridled for a race to the
telegraph-office. A slice of bread and a can of beans served for food.
For days the drilling continued. On September fourteenth the last
splinter of the plugs was extracted, the sand was cut deeper and—the
well didn’t respond worth a cent! The faithful scouts, who had stood
manfully between the trade and the manipulators, rushed the report. It
was a bracer to the market. Bears who pinned their hopes to the Shannon
well, the pivot upon which petroleum hinged, scrambled to cover their
shorts at heavy loss. Balltown duplicated some of the Cooper
experiences, mystery-wells on Porcupine Run agitating the trade in the
spring of 1883. The Cherry-Grove, Cooper-Hill and Balltown pools yielded
eight or nine-million barrels. Operations extended to Sheffield and the
cream was soon skimmed off. The middle field had enjoyed a very lively
inning.
Public-domain text, read in full here on John Shaqi.
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