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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 24, 1983

Page

14

Virginia Sets Oil Production Records in 1982

The Virginia Oil and Gas Section report shows 1982 crude oil production rose to 49,425 barrels from 13,244 in 1981, a 273 percent increase, with 20 wells active, while natural gas deposits saw a 23 percent drop. Oil price for mountain crude ranged at 27 to 28 dollars per barrel, and drilling surged despite overall state weakness in gas.

Richmond Virginia Virginia Department of Labor and Industries Department Oil and Gas Section B.T. Fulmer Virginia Oil and Gas Inspector Abingdon Fulmer Virginia Mountain New York KaisrAlco Stock Exchange AMR Cp Alco Ltd Merck Acyan Ty AmMot Armco Armwin Aurich Citiero Bae M Comsat PanAm Cmsat Penney Papl Pennzol PhilaEl duPont RCA EsKod StRegis Scottp Sears GenEls Gensco Getty Texaco Gillette Textron Gulf Oil US Steel Unocal IBM IntHarv Xerox Zenithr Wheat First Securities Inc Eastern G&f Lear Petr Quak Sto Acton Eaton LTV Revion Allied Corp Amer Brands el Paso Co Levitz Ayaids Inds Amerada Emrs el Litton Robins AH Amer el Pwr la Pacific Robershaw Amer Family Figgie Lowes Rockwell AMF Firestone SCOA Manor Care SEDCO Arasves MAPCO Ashland Oil Flour Corp Mary Kay Sony Avon McDonalds Sthrn Co Atlas Corp Foster Wh McGraw Ed Sou Royl Bakr Intl Frort MeMr Media Gn Spectra Phy Baltg&e Mesa Petri Strer Comn BankAmer Galaxy Oil Mesa Royl Bysi Bank of Va Grhart Owen Michi Enrgy Syntex Beard Oil Ga Pacific Mohasco Bs Taft Gould Murphy GC Texas Belco Ptrl Tiger Grace Tesco Blue Bell Grumman Trasamrica Gif & Wst Newmat Mag Trico Ind Boise Cas Hanna Min Nik & Sthn Hecks No Am Coal Tri-So Invst Burroughs Ed Tucson el Cabot Corp Occidental UNC Rses Caro Pwr Occindtib NT Union Pac US Air Hughes Tool United Tech Humana Univ Leaf Col Gas Ingersoll Parsons CombEng Warner Com Inexcoll Warner Lamb Crane WN CO NA Jim Walter Pennwalt Disney Pepsico Wstra UN Dome Ptrl J&j Pittston Westnghie Domin Reste Kaneb Svcs Plantronics Whittaker Duke Power Lear Siegler Potomac el Wilms Elec AMEX

We Have It Made in Virginia promoted statewide campaign

Governor Robb and Commerce Secretary Diener credit over 1 000 Tidewater retailers and 200 manufacturers for a five month test of the We Have It Made in Virginia effort. The program will roll out with bumper stickers banners and literature in stores starting Jan 1 and kick off in Richmond Sept 22 at the State Fair.

Norfolk Virginia Robb Diener Richmond

Judge rules state prison conditions reasonable yet demanding plan

Circuit Judge Arthur Recht ruled West Virginia Penitentiary conditions unconstitutional but deemed the ruling reasonable. Warden Donald Bordenkircher said the public is not anxious to act, noting the aging 117 year old facility needs funds. Recht gave corrections officials 180 days to present a plan to upgrade conditions amid financial constraints.

Moundsville W.va Arthur Recht Donald Bordenkircher Bordenkircher Recht Department of Corrections

Columbia Gas Seeks Court Ruling on Rate Moratorium

Columbia Gas of West Virginia asks Kanawha County Circuit Court to strike down a 1983 law that allowed PSC to suspend natural gas rate increases for a year and to resume collecting 8.5 million in approved increases. A 2 p.m. Tuesday hearing is set. In Charleston, a federal judge drops a conspiracy charge against Samuel B. McClung tied to a coal fraud case, leaving tax charges and possible new indictment.

Charleston W.va Columbia Gas West Virginia Kanawha County PSC Columbia Kanawha Circuit Robert Harvey U.S John Copenhaver Jr Samuel B. McClung Ben Bailey

Stocks Decline After Record Run On Mixed Economic Signals

In New York, the market eased after a record run as traders weighed conflicting reports. The Dow fell to 1241.79 down 3.90, the NYSE composite slipped to 98.84, and NASDAQ tumbled to 327.33 as major indices retreated from historic highs amid deficit concerns and Fed policy uncertainty.

NEW York Commerce Department Federal Reserve Board New York Stock Exchange NYSE American Stock Exchange

Market pauses after big gains as traders take profits

The market digested recent gains with profit taking slowing advances while new money kept flowing in. Leslie Pollack of Shearson said the rise triggered selling to cash in profits, and Dana Stewart of Bear Stearns noted steady churning near record levels as futures trade on NYMEX continued.

Leslie Pollack Shearson Management Inc Dana Stewart Bear, Stearns & Co

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