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

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

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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:: 1831623528

URN:: urn:nbn:de:zbw-retromon-239829

Document type:: Volume

Title:: Petroleum and natural gas : in two parts, part two

Volume count:: Vol. 1, nr. 11

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1924

Scope:: [ca. 38] Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Union Natural Gas Corporation

Collection:: Economics Books

Your company now has a total of 252 oil wells in Ohio, 1179 gas wells in Ohio and Pennsylvania, and, through its owner- ship of stock in the Reserve Gas Company, a one-half interest in 703 gas wells and 15 oil wells in West Virginia. There were laid in main and field lines 64.48 miles; in extensions in cities and towns 10.91 miles; a total of 75.34 miles of pipe. Officers and directors are as follows: President and Gen- eral Manager, E. P. Whitcomb; Vice-President, S. Y. Ram- age; Secretary, David E. Mitchell; Treasurer, Hartman Steh- ley; Assistant Treasurer and Assistant Secretary, C. D. Dorn- ing; Comptroller, A. J. Newman; Assistant General Manager and Purchasing Agent, A. A. Armstrong. Directors, E. P. Whitcomb, P. W. Lupher, A. A. Armstrong, Jos. Seep, S. Y. Ramage, H. McSweeney, W. W. Splane, T. W. Phillips, Jr., David E. Mitchell. THE PURE OIL CO. Prodigious growth has marked the progress of the Pure Dil Company from its very beginning. Within one decade the company has developed from an obscure public utility until it is today one of the outstanding leaders in the independent oil industry. The tiny rivulet of 850 barrels of crude oil, which represented the company’s daily production in 1914, has steadily increased in volume until it now averages £5.000 barrels a day. At the time of its entrance into the oil industry, in 1914, the company was engaged in the distribution of natural gas to the cities of Columbus, Springfield and Dayton, Ohio. These gas properties were sold in February, 1924, so that the company is now devoted exclusively to the production, re- ning, transporting and marketing of oil. Some conception of the development that has taken place within ten years may be gained by drawing a few compari- sons. In 1914 the assets of the company were less than $14,000,000. At the end of the fiscal year, March 81, 1924, they amounted to $211,000,000. When the company began its oil operations in 1914 it had 3,200 stockholders. Today

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