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Show pees ae By Robert W.1. Bernick 7 a “she 2 ‘Tribune Business Editor “The Mountain Fuel. Supply Co. Wednesday | reported “three Annual ss : milestones in sales’ during 1963. report signed by W. T. Nightingale, «eM. M. chairman, and ; Fidlar, president, said the) utility had added 13,810 new customers | | last year, “largest one-year gain since é operations began in 1929.” _ And for the first time, custome passed the 200, 000 mark, 206,271. ; Sales hit a eto 102, 949, 3 cubic feet of natural gas. Also, the final audit boreoie viously. released preliminary es “on earnings. .. eres The earnings “climbed to ana Mr ° ‘time high of $5, 343, 093, or $2.44 a share, an increase of $778,3 figur : of s ge “reported. a alee officers | “Most of this increase came from the company’s "non-utility ie | _F ield Oil Decreasing, Gas Increasing S «Qi i= =—2 ~ operations, principally the oil production ea Birch ve are Sony ners wyoming. mth ~~ $4, 564,706, or $2. 09 production from this field reached its peak early in 1963 find has since declined, which means that there will be a cor- |! “resp onding decline in earnings from this source ‘in subsequent "years, ’ shareholders were informed. - “On the other hand, gas sales have contined: 4p trobease | in proportion to. the growth of customers, and under normal cir- cumstances earnings. from this source “should acess “vit ‘was noted. | melas ae continue | to in- UNTAIN FUEL DURING 1963 séambieted a roost ambitious one-year construction program. it has ever undertaken : _ since natural gas first was piped into the Utah market area . See _ shareholders learned. ar MFS signed contracts with Walco este nivioh r natural gas | from ofl and” — fields in the Wonsits Large Increase’ in Inc ustrial eles. | we S hico MFS signed contract with Garfield Gas. Catuertigs, fans (formerly Western Colorado Gathering, Inc.), Denver, which ntrols gas in western Colorado. This gas. ‘will be ar Island Creek station on the utility’s Uintah line. for permit ~ Garfield Gathering has yet to file its aol _ ith, Federal Power Commission. The annual report of Mountain Fuel Supply. Co. noted ‘that 1963 retail sales were 44,400,000,000 cubic feet, compared with| 2,300,000,000 in 1962. “A. large increase” in industrial sales was recorded: nee ae - 00, 000 year earlier, cubic feet last es syienesd a0; -| AMONG THE CONTRIBUTING INDUSTRIAL sales ee “were high level of basic business activity, larger delivery potential as a result of capital plant additions by the utility: and fa Hee raee of large tonnage air-conditioning i in major ne ~ plexes,” shareholders were told. While no significant discoveries of gas were ‘made in the i lity’s. 1963 drilling program, MFS reported that at the end acne Gas Turbine Use Likely to Grow _ 2" On. site power generation utilizing gas turbines or. gas enPere is being considered for other large oor a and com- of er year ‘it owned or controlled 2,039 billion cubie feet ae |
