The Oil Wealth Of Pennsylvania

Froin the Oil City Derrick. As a basis of work for those who love to revel in amazing fimires we may state that statistics show that 53,000 we'ls have beendrilled inPennsylvania and New York since the discovery of petroleum at a cost of 200.000,000. These wells have produced 310,000,000 barrels of oil, wliioh was soldat the wells for $500,000,000. This represented a profit to the producer of $300,000,000. The amotmt of oil exported is placed at 8,231,102,923 gallons. In the pool in Washington County alone $3,200.000 have been expended in machinery and drilling. This does not include the niany nnllions that ai'e represented the re in the natural gas industry. Independent of the oil business there are about $50.000,000 invested in natural (as plants in Pennsylvania. These are majestic figtfrea aivl serve to show the magnitude of the oil and gas business.