Full text: Petroleum and natural gas : in two parts, part two (Vol. 1, nr. 11)

The Story of Pittsburgh 
Petroleum and Natural Gas 
PART TWO 
_— 
—— 
JE first part of this story of Pittsburgh, devoted to 
Petroleum and Natural Gas, dealt with the early 
history of the discovery of these important products, 
and gave statistics of their production and manufacture, 
together with details of many of the companies interested 
in the business. 
This issue, continuing the subject, adds to the informa- 
jon given in the first part, and gives particulars of addi- 
tional firms and corporations engaged in the oil and gas 
husiness. 
At a recent meeting of the Pennsylvania Grade Crude 
Dil Associations, held in Pittsburgh, an important address 
was delivered by John P. Herrick, of Olean, N. Y., who is 
chairman of the board of directors of the New York State 
Oil Producers Association, who gave some striking informa- 
‘ion on the petroleum business. 
“Of the 120,000 oil wells in the Appalachian field, which 
smbraces Pennsylvania, New York, West Virginia and 
Eastern Ohio,” said Mr. Herrick, “75,000 are located 
in Pennsylvania, and the large majority are owned by 
individual companies. The South Penn Oil Company, of 
Pittsburgh, the largest in the field. owns but 8%, of the wells 
yf the field. 
“The quality of Pennsylvania grade crude oils is recog- 
nized everywhere but in its immediate vicinity, but this is 
aot unusual. Notwithstanding the fact that the entire pro- 
duction of the Appalachian field could be consumed in the 
Pittsburgh area. the largest market is in California, 2500
	        
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