DRILLING WELL ACCOUNT.

The low price of oil and large accumulation of stock in the producing regions have had the effect to lessen operations in this department during the month of June.

The total number of drilling wells in all the districts, at the close of the month, was 266, which was 110 less than in the preceding month. Rigs erected and being erected 243, against 309 last month. The number of drilling wells completed during the month was 269, being 151 less than in May. Aggregate production of the new wells was 3,788 barrels, against 6,851 barrels in May. The total number of dry holes developed in the month was 22, against 42 in May.

The operators in the great northern field (Bradford district) have curtailed operations to an extent which will compare favorably with the operators in the other portions of the producing regions, as will be seen by the following statement, namely:

Number of wells drilling at the close of the month, 187, against 284 at the close of the previous month. Number of drilling wells completed in June, 193, against 346 in May. Number of rigs erected and being erected, 196, against 234 in May.

PRODUCTION.

The daily average production for the month was 40,575 barrels, being a decrease of 227 barrels. The new wells completed in June failed to make good the falling off of the old ones, by decreasing the daily average 227 barrels. Bradford district shows a daily average production of 16,000 barrels, being an increase of 1,280 barrels over last month.

The aggregate production in June of all the other districts combined, with the aid of 76 new wells, decreased the daily average 1,507 barrels.

SHIPMENTS.

The shipments in June, out of the producing regions, were 174,225 barrels larger than in the preceding month. The total shipments of crude, and refined reduced to crude equivalent, by railroad, river and pipes to the following points, were 1,135,119 barrels:

Included in the above shipments there were 140,299 barrels of refined from Titusville and Oil City, which is equal to 187,065 barrels of crude.—Stowell's Petroleum Reporter.