New York Paper - The Illinois Oil Fields

. Page History.................................533 Location .........:.....................536 Geology...............................539 Description of the Eastern Field ... :..................543 Description of the Western Field .........,...........546 Quality of the Oil ................ ,........549 The Oil Sands .,.............................549 Drilling Features'........................., . 551 Well Density...........,.'...............:. 552 Plant Equipment.......................:.'., .554 Market Features..........................555 Production Prices.........,...................557 Royalties and Rentals.........................558 Cost of Oil Leases............................'.558 Operating Expenses..........................559 Operating 'Profits...........................559 Gas Developments ........................560 Gas-Gasoline production ... :....................561 Statistics.......562 History Illinois has SO recently attained the third place in the oil production of the United States that few realize its great importance, or are aware of its highly profitable character. Since 1907 Illinois has furnished about 15 per cent. of the United States output and about 10 per cent, of the world's production. The value of the output in 1913 is estimated at $307000,000, of which about $20,000,000 is profit. The present prosperity dates from 1905, but efforts have been made since 1865 to develop production and geologists have been very sanguine as to its future for over 25 years. Had the oil operators been as confident as the geologists, the field would have been opened at least 30 years earlier. For the rich Eastern Illinois oil field is located along the La Salle anticline, that was mapped 46 years ago by Professor Worthen in the