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:: Petroleum and Natural Gas

Collection:: Economics Books

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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