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Show AFTER OIL IN THIS COUNTY Big New York company com-pany will bore On the J. White land in this county. Alexander Hlllstrom, oiganbcr of the New York & Utah Oil company, which last vear sank two holes In Clark's Valley, Emery county, and which Is now operating in the Florence, Flor-ence, Colorado, field, was in Ogdcn Thursday on his way to New York, wheiphe is going to make ariange-mentsfor ariange-mentsfor the Immediate (hilling of seveial wells hi Cache Valley, a short distance south fiom Logan. Mr. Hlllstiom, It Is understood, has Just taken a bond on the 48,800 acres tract of grazing land In Cache valley belonging be-longing to J. II. White and others, besides having secured leases on 5,000 acres of other land in the same valley. This great tiact of land Is to be made the basis of a powerful company that w 111 develop the oil and gas prospects, which are understood to be llrst-class, with as little delay as possible. The examinations of the Held made by Mr. Hllstrom convinces him that no portion or the state presents better bet-ter piospects of developing a magnificent magnifi-cent oil and gas Held than does Cache valley. He declared yesterday that had he gone north Instead of south when he decided to drill In Emery county, he would have some fine wells In opeiatlon by this time. Everywhere, almost, that wells have been put down for artesian water terrific ter-rific gas presumes have been encoun-teied encoun-teied and the seepages of oil at diller-ent diller-ent points in tho valley leave no reason rea-son to doubt that the field is a winner. win-ner. He hopes to have rigs on the road and operations commenced within with-in the next Tew weeks. Utah State Journal. |