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Show The National Enterprise , September 22, 1976 Page four Pittman & Co. Welcomes Unique Trading Team Michael put it, "have made it big in the past. And well do it again. gests they could prove right. The Kravitzes joined Pittman & Co. in Denver just three weeks ago. Thus for them this is the period of what used to be called Great But both, as Expectations. DENVER Denvers most successful stock trading team. Thats what Karin and Michael Kravitz are confident they will be within, perhaps, two years. And their record as brokerage house traders sug For brokerage house traders the Kravitzes evi- n dently are a And they promptly team. agree that predictions on their futures at Pittman could be a But swiftly bit premature. and quietly they execute orders for the firm while expressing their confidence in quiet-spoke- IN SALT LAKE CITY the new venture. They tell of the vigorous restructuring of the trading department which they now run and are remolding in their image. They are aided by top management, headed by Ralph Pittman, who works out of the Colorado Springs office; Allen R. Aden, executive vice president, who is based in Denver, and a son of the top executive officer, Mike Pittman, now a wire house order clerk in the trading department., New Blood in the Office We brought the Kravitzes in from L.A., said Aden, adding that the decision was a key facet of the reconstrucmove at Pittman. Aden himself is a newcomer. Previously he was a top account executive, specializing in institutional business at Hanifen, Imhoff & Samford in Denver. I always wanted to be in management tion-revitalization Full sized to compacts "at a price See and Pittman offered that opportunity, he said. The Kravitzes reached their decision to become a stock trading team just a couple of months ago. Locale 93 you-lluikers?- Us--wheh'oiire-mb;- MerMriesJ-FoMsIGfielels- f . . - (801)521-259- 0 . ys v;- - t - - . - W ,,'v - V 4 " " . .f . , j'.. ,v $. 'Xvtf 4 'vx s ; ' V V' ' - ' 4 . , sX HealthGarde S30 WEST FIFTH SOUTH SALT LAKE CITY 14101 (SOI) ill-771- for the decision was a restaurant in New Yorks Greenwich Village, where they had been living for some months after closing out The Pottery Gallery, which they had operated Continued on page eleven MEDICAL COMPUTER SYSTEMS AND RURAL HEALTH SERVICES 1 The computer has a greater potential in patient care than any other invention, including the stethoscope and the X-r- ay machine." Hanson American Medical News Mr. Ken HEALTHGARDE CORPORATION Medical Computers for the Modern Hospital OUR NASDAQ SYMBOL IS HGRD Tejas Gas, Lone Star Sign Supply Contract purchase not less than 75 percent of the maximum gas 8.75) has reached tentative available from the new agreement with Lone Star Gas system. Sparkman said that the company expects initially Co. to enter into a natural gas supply contract to deliver a minimum of 15 that, according to company million cubic feet of natural president, Wallace Sparkman, gas a day to Lone Star. The w'ould be the largest in Tejas Tejas system will have a capacity of 40 million cubic history. The agreement would re- feet of natural gas a day. The company estimates quire Tejas to construct 35 main pipeline, construction of the gathering miles of h with lateral gathering lines, at and transmission system will an approximate cost of S3.6 require 150 days. It would be million. The system would the only intrastate natural gas run through Rusk and Panola pipeline in the area, Sparkman said. Counties, in east Texas. Sparkman said the project Contract Terms is expected to generate annual revenues in excess of $9 Funds for the systems million. "It would be the largest project in which our construction will be provided company has evern been in- by bank financing, Sparkman said. volved," Sparkman said. The contract with Lone The contract does not committ Tejas to supply a Star would be for 20 years, but specified amount of natural Lone Star would have the right gas to Lone Star, but does to purchase the system and require the company to sell Tejas gas purchase contracts Lone Star the natural gas within the area after the Tejas produced by area producers system had supplied Lone Star with 50 billion cubic feet of under contract with Tejas. Lone Star will be obligated to natural gas. CORPUS CHRIST1, Texas Tejas Gas Corp. (OTC 8.25, 20-ye- ar 10-inc- Oil & Gas News DRILL RIG WORK INCREASES Oil and gas drill rig employment in the Rocky Mountain states hit a high for the year this month. According to Hughes Tool Company, the working rotary count rose to 245, the highest level of activity in the region since December 1975, but six below the tally of a year ago. Utahs active rig count stands at 20 compared to 11 working a month ago. Carlton Stowe, minerals specialist, Utah Geological and Mineral Survey, notes the regional trend has been moving upward since April when the count fell to 155, a 35 month lowr for the mountain states. k counts in the Rockies Week-to-wee- during the first half of the year averaged 184. The domestic rotary count, up four from August, he said, reached 1,724 during the first week in September, the highest since January. Utahs active rig count dropped to a low of 10 in early August, and climbed to 16 during the last week of the month, Stowe said. However, overall completion of wells in Utah has decreased considerably over this same period a year ago, he added. Operators have drilled 89 wells compared to 120 for last years period of time. Of these, only 28 wells have been exploratory drilling. Request Denied In other news, Stowe reports that Resource Marketing Services, Denver, was turned down by the U.S. Air Force on a proposal to conduct a three-yea- r program of geophysical work on about a million acres of the Wendover Air Force Range in Utah. In denying the request, a spokesman noted that the Air Force use of the land was heavy and was expected to increase and geophysical work would interfere with, or cause curtailment, of military operations. Resource Marketing Services has a similar request pending for the Armys Dugway Proving Grounds. New wells scheduled for drilling in Utah include a projected 10,000 foot fest well in southeast Pineview field by American Quasar Petroleum. Another, a 1,300 foot wildcat, is to be drilled two miles south of Cisco in Grant County by Eugene Hunt of Grant Junction. |