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Show EBTSOtMl FLOW UK New Fields Sought to Supply Sup-ply Deficiency of Former Productive Territory. Recent advance of 10 to '2o cents in eastern grades of crude oil is one of the most significant developments in the oil industry since tho end of tho war. Prevailing; Pre-vailing; price of Pennsylvania Rrado crude oil of $4. "3 a barrel is the highest ever reported, which reflects t lie ji row in? scarcity of t his tirade, says the Post on "News Bureau. Pennsylvania ol is especially espe-cially valuable for lubricating oil. and it was partly due to this mat the price wns recently advanced. "While litiht oil produced in tho mideontincnt and Kocky mountain fields is comparatively rich in gasoline content, the Appalachian fields produce oil which excels ull other as a lubricant. Peon nsyl van ia oil fields reached their highest production in when tho out put was 33,000,000 barrels. Prom I Sot to 190y yearly production fell of approximately approxi-mately L'S.OOO.OuO barrels, but from J HOP to the prose ni year the decline lias amounted to only 3,000.000 barrels yearly. The following table shows Pennsylvania's Pennsyl-vania's oil production during t lie last ten years (figures in barrels'!: litis 7,40T.S12 1013 S.S''.,V1!3 P!7 7,733, J0 TIM 2 S.71-.07li S.4M3.4N1 1911 '.t, 200,0.3 1S!5 8,7l!M3 P'b 0.S4S,.",n..i 1914 9,100,309 1909 10.434.300 In view of the scarcity of Pennsylvania and other eastern grades of crude oil, the importance of recent light oil discoveries in north Texas, and development of the Rocky mountain fields, are obvious. It is significant that many oil companies that depend to a great extent on Appalachian Appalach-ian fields for crude oil are active in developing de-veloping production in the light oil fields of the mideontincnt and Wyoming. The lowest price paid for Pennsylvania crude since 1015 was $1.35. The following table shows the present price per barrel at the well, the hich.and low prices of i:il and 1S17, and 1915 low prices, of the eastern, grades of crude oil: Present 1918 1017 1!H3 Unci's, high. low. Ml'Ii. low. low. Pnn-TlvHnia ... 4.'V 4.0 S.7" 3.7."". 2. Or. 1.3" Cabell, W. V... 2.87 2.77 2.72 2.72 2.10 Somerset, Kv 2.70 2.t!' 2..V 2.,.S 2.l .SO Woosler. 0 2.97. 2.;S 2.KS 2.SS 1 .sr. 1.1U Corning. 0 2.95 2. ST. 2.. Si) 2.80 2.30 .S3 North Lima, 0.. 2. -is 2.3s 2.CS 2 .OS l.C.3 .93 SoOth Lima, O... 2.4S 2.38 2. US 2. OS 1 .153 Plymouth, O 2.33 2.2H 2.3 -J. 03 .U Indiana 2.38 2. OS 1.9S 1.98 1.43 . ,b Pennsvlvania has produced oil In the last sixtv vears at the annual rate of more tiia'n 13,000, XM barrels.' In 191S us production of 7.400.U00 barrels was about one-half this figure. |