The Ohio naturalist, Vol. 1, No. 4, February 1901Ohio State University. Biological Club
History
The Ohio naturalist, Vol. 1, No. 4, February 1901
Ohio State University. Biological Club
Natural history -- Ohio -- Periodicals; Natural history -- Periodicals; Science -- Periodicals
Dear Sir—Your favor of October 18th to
Superintendent N. Moore, asking for the total
production by years of the Corning Field, has been
referred to me. Below please find the figures of oil
received by The Buckeye Pipe Line Company from the
Corning Field from August, 1893, to September, 1900:
Part of Year 1893 128,918.03 Bbls.
Year 1894 322,313.71 “
Year 1895 428,385.03 “
Year 1896 469,258.78 “
Year 1897 328,188.11 “
Year 1898 196,417.75 “
Year 1899 211,060.22 “
January 1st to July 31st, 1900 143,314.96 “
August, 1900 26,929.66 “
September, 1900 22,517.67 “
——————
Total 2,277,303.90 Bbls.
July 31st, 1900, completes the first seven years
production and thinking you might prefer to use the
even years, I have given you the figures for the year
1900 to July 31st in one lump and the oil taken from
that field for the months of August and September
separately.
Trusting this will answer your purposes, I remain
Yours truly,
J. R. CAMPBELL, Treasurer.
LEASES.—At first the operators paid no bonuses, but gave a royalty
of one-eighth of the oil to the land owners—a rate of compensation
that has been usually maintained. To this there is one exception
worthy of note. When the round-house well showed the existence of
oil, and operators began leasing the surrounding territory, Fredrick
Weaver, a thrifty German farmer residing a short distance east from
the round-house, quietly visited the oil fields of Washington,
Pennsylvania, and investigated the methods of leasing oil territory in
that field. When he returned home he demanded a royalty of one-fourth
the oil and a bonus of $200 for each of the eight wells which it was
proposed should be drilled on his farm of eighty acres, and since his
territory was regarded as very promising, these rather severe terms
were granted. However, after drilling six wells, and the territory
not meeting expectations, the contractors complained and Mr. Weaver
generously reduced the bonus. More recently a royalty of one-sixth the
oil has been received by holders of lands that were deemed especially
promising, and bonuses also have been received. The leases usually
required that a well be drilled in from thirty to sixty days, but
sometimes, especially in the least promising territory, six months were
allowed.
That the field was a monopoly for no one is shown by the following
list, which includes the chief operators of the district:
Public-domain text, read in full here on John Shaqi.
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