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

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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 informajon
 given in the first part, and gives particulars of additional
 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 recognized
 everywhere but in its immediate vicinity, but this is
aot unusual. Notwithstanding the fact that the entire production
 of the Appalachian field could be consumed in the
Pittsburgh area. the largest market is in California, 2500
            
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