The Canon City record with which is consolidated the Canon City cannon., 1917-01-25
UNITED OIL
co. BOUGHT
THE CUMAER
INTERESTS

conSummated IN Denver NnereDy tne
United OIL company assumes control
of the oil interests of the Gumaer
Estates company. which includes the
Florence Oil company's refining plant
and equipment east of the city. tank
age. producing wells. $500 acres of oil
bearing lands south of the city and
the oil rights to 500 acres lying north
OF Florence. The deal also includes
the leased lands held by the Gumaer
interests known as the Frazer. Lo-
bach and Fremont leases, as well >as
the handsome and commodious Gu
maer residence and grounds on East
Main street. which IL is planned by
the company to furnish and use as a
club house.
The deal aggregates large sum
of money and its consummation
means much TO the future of Flor
ence and the development OF its oil
control of the property the first of
the week and while the Florence re-
anery plant viii not be dismantled at
this time. the product OF the wells will
be treated at the United plant. The
present production of the Gumaer
wells is estimated at from forty to
! Atty barrels per day. but II is possible
to very materially increase this
amount by a weii-defned development
work that is at present being consid-
cred.
Since the death OF Mr. Gumaer a
few months ago the beneficiaries of
the estate have been anxious to dis
pose OF the oil interests and a number
of propositions have ocen presented
the United company 20 purchase the
property. Satisfactory agreement was
reached between the offieeds OF the
Gumaer Estates company and the
United officials in Denver on wednes-
day. For many years both the local
companies have been disposing OF the
output OF their refining plants TO the
Continental OIL company and this ar
rangement will be continued by the
new purchasers.
The force OF men employed BY the
Florence company will be given an
opportunity TO continue In the employ
OF the United and superintendent
James zoeter will prove n valuable
acquisition to the United forces. As
siEtant Superintendent r. 8. Shannon
will continue in his present capacity
and the duties OF General Superintend-
ent DIT. r. Z. Knoch will be increased
by the new purchase.
President Walton states that the
land acquired by the purchase will
be systematically develo, led and the
fact that much OF IL has not been drill
ed or prospected will greatly increase
the chances for a larger production
from the Florence oil aeld. Il is
planned to prosecute the develop.
ment work on a more extensive scale
than has been the case for many years
with the opening of spring. for. as
President Walton says. with the in.
creased facilities as a consequence of
the extensive improvements now be-
ing carried on at the refinery, the
company will be in a position to han
die all the oil that the Florence field
will produce.
The new purchase will also aecessi-
tate further Improvement work and
details are now being worked out
for repairing the three $4,000 barrel
tanks OF the old Florence company,
one OF which is located near the San
tn Fe depot and the other two near
the refinery. These tanks will be put
into use as soon as the necessary re-
pairs have been made. II is not def.
nitely known how much work will be
required to put them in shape. but in
all probability II will extend the work
of the Graver tank crew for several
weeks. The Graver people expected
to complete their contract here next
June.
The Gunner residence on East Main
street. which Il is planned TO convert
into clrb room. will not be taken
over until Mrs. Gumaer has removed
the expensive furniture now occupy
ing the residence. tits thot that the
work OF fixing Il up will be delayed a
month on this account. The lawn will
be replanted and the trees given at.
tention and no expense will be spared
TO make II one of the beauty spots OF
Florence.
: With the bright future for the oil
industry In the United States, the nc.
tivity OF the United Oil company in
Florence at this time means big things