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Show HOPES RUNNING HIGH IN BEAVER COUNTY OIL WELL i Stockholders and residents of Beaver county, are elated over the recent showing that is being made by the Beaver Bea-ver Valley Oil Company at their well 20 miles northeast of Milford. The rig is now down 2288 feet, and Tuesday struck a gas pocket which blew the water from the hole over the top of the derrick. There is also considerable con-siderable oil on the water coming from the well. They have been drilling in a shale formation, but have struck a hard substance, believed to be the cap-rock. Those familiar with geological formations forma-tions are confident that oil will be struck when this rock is pierced. Beaver Bea-ver City Press. |