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:: Manufacturers Light and Heat Company

Collection:: Economics Books

authorized capital stock is $25,000,000, of which $23,000,000 is outstanding. The company holds under lease 339,787 acres of oil and gas territory in Pennsylvania, Ohio, West Virginia, Kentucky, Michigan, Arkansas, Texas and Louisiana, of which 145,524 acres are now operated, and the rest held in reserve for future operations. The company has 1361 gas wells and 470 oil wells, and a total of 3051 miles of pipes of all sizes, in the entire system. The company has on its books, a total of 126,461 meters, of which 125,437 supply domestic consumers. There was an increase in the last fiscal year, of 8419 in this class of consumers. The company’s oil production in the year 1922 was 136,719 barrels, or an average of 874.57 per day. The production of gasoline amounted to 2,520,753 gallons, or a daily average of 6906 gallons. Gross earnings for the year were $11,322,422.89, and net earnings from operations were $2,421,855.32. Dividends paid amounted to $2,300,000. The officers of the company are: T. B. Gregory, president; L. A. Meyran, vice president; J. I. Buchanan, vice president; H. E. Seibert, secretary and assis- tant treasurer; G. W. Ratcliffe, Treasurer; C. H. Geilfuss, Assistant Secretary and Assistant Treasurer; F. G. Leslie, comptroller. A. D. MILLER SONS COMPANY In 1859 the first oil well was drilled. Three years later, in 1862, A. D. Miller founded this Company and built the original Miller Refinery, this being the first pioneer refinery of crude petroleum. Since that time there has come the wonderful age of progress, which oil, as a lubricant, has made possible. Since the early days of this Company the modern factories and mills of today have been created. The river steamboat and the modern turbine-driven ocean liner have come, the steam and electric railways and finally the auto-

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