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Show nIOEOUT IS CHOSEN IDHjOMPHf Union Oil & Gas Organization Organiza-tion Reports Progress in Development. At thr annual MockholdeiH' meeting of Uie. Union Oil & Oaa company, held yesterday yes-terday morning at the company's offices, 159 South Main street, the following board of seven directors was elected for the ensuing year: Senator D. O. Rideout, George E. Wilcox, N. P. Hansen, Guy R. LaCoate, Mrs. Mary C. Johnson, E. M. West and Sherman D. Rideout. At a meeting of the directors held in tin afternoon, Senator Rideout was elected elect-ed president and general manager; N". F-Hansen, F-Hansen, vice president; George E. Wilcox, Wil-cox, Held manager, and Sherman TJ. Rideout, Ride-out, secretary and treasurer. Tiie financial report showed the company com-pany to be entirely free from debt and ' with a working cash surplus. Further funda were provided at the meeting of the directors in the afternoon and it was announced thai work will continue without with-out interruption at the big derrU-k now completed near Farmlngton. The machinery is in place and bodies tii" gas should be encountered in t Me very near future. It is believed that the company com-pany will be able to light an enormous gaa volume tlie latter part of June, if not before. The company has already arranged with the firm of Dern & Thomas ami the Utah bureau of mines a ud oil. Guy R. LaCoBte, for the marketing mar-keting m' Its gasoline product. As soon a s gas is developed the large gasoline refinery re-finery will he erected. The big standard rig of the company is but 200 feet from the famous Gufl'ey-Galey Gufl'ey-Galey well, which in the old days produced pro-duced from 10,000,000 to 20,000,000 cubic foot, pressure of gas every t won ty-f our 1 1 ours. I he pressure being so enormous That when first encountered at, 1500 feet, tt blow out. totally destroying tiie derrick. der-rick. Under modern methods of drilling, drill-ing, a. pressure blowout is now practice practi-ce ily impossible. Gas is now bubbling from the ground In hundreds of places in the vicinity of this derrick. The union rig Is equipped with tho latest of drilling machinery. |