The story of Pittsburgh: Petroleum and natural gas : in two parts

Petroleum and natural gas : in two parts (Vol. 1, nr. 10)

Bibliographic data

Multivolume work

Identifikator:: 1831622599

Document type:: Multivolume work

Title:: The story of Pittsburgh

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1919-1930

Collection:: Economics Books

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Volume

Identifikator:: 1831623455

URN:: urn:nbn:de:zbw-retromon-239811

Document type:: Volume

Title:: Petroleum and natural gas : in two parts

Volume count:: Vol. 1, nr. 10

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1923

Scope:: [ca. 24] Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Philadelphia Company

Collection:: Economics Books

dividends on common and preferred stocks of Philadelphia Company, to December 31, 1922, aggregated $66,233,761. The Philadelphia Company controls the following gas companies: Equitable Gas Company; Monongahela Natural Gas Company; Pittsburgh and West Virginia Gas Company. These companies own or control 1749 natural gas wells, with 3788 miles of pipe lines. In the year 1892 they sold in the Pittsburgh district, 32 billion cubic feet of gas, to 156,000 domestic customers and over 165 industrial companies. Through owned and controlled lines they supply the major part of the fuel gas consumed in the City of Pittsburgh and manufacturing towns along the Monongahela and Allegheny rivers. The company and its subsidiaries control by lease more than 342,000 acres of gas and oil lands in West Virginia, Ohio and Western Pennsylvania. Operations at present are being conducted on 160,432 acres of these lands, the remainder Heing reserved acreage. In the transportation of gas from the fields of southwestern Pennsylvania and northwestern West Virginia, 17 pumping stations are operated, having an aggregate of 36,250 horse- power. In addition to its natural gas production, the com- pany owns a manufacturing gas plant, with a capacity of 24,000,000 cubic feet per day. The entire capital stock of the Philadelphia Oil Company, amounting to $2,001,000, is owned by the Philadelphia Company. It was organized for the purpose of acquiring, carrying and disposing of oil and gas leases; for the purpose of mining, boring and digging for, or otherwise obtaining from the earth, petroleum, rock or carbon oils, and natural gas; and manufacturing, refining, buying, selling and trans- porting the same, in the crude and in the refined states, and generally for the purpose of carrying on such business as pertains thereto. All of the oil produced is Pennsylvania grade, which commands the highest market price. Its opera- tions are in the states of Pennsylvania, West Virginia, Ohio and Kentucky. During the year 1922 it produced 162,193 barrels of oil from 171 wells, and its gross earnings amounted to $912,391. The annual report of the Philadelphia Company for the year 1922 said: “During the year more than 1500 new patrons

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