Archive for the ‘ENERGY – Market Sector’ Category

KiOR retains investment bank to explore sale or restructuring

COLUMBUS — Struggling biofuel maker KiOR, deeply in debt to the state of Mississippi and others, says it has hired an investment bank to try to sell or restructure the company. KiOR, based in Pasadena, Texas, announced it had hired Guggenheim Partners in a yesterday stock filing. KiOR’s cash level is unclear, but the company […] [...]

KiOR hires investment bank to explore sale

by Published: July 10,2014

Tags: Business, energy, Khosla, KIOR, Mississippi

JACKSON, Mississippi — Struggling biofuel maker KiOR, deeply in debt to the state of Mississippi and others, says it has hired an investment bank to try to sell or restructure the company. KiOR, based in Pasadena, Texas, announced it had hired Guggenheim Partners in a Wednesday stock filing. KiOR’s cash level is unclear, but the company […] [...]

MDA grants KiOR forbearance after biofuels maker defaults on payment

by Published: July 10,2014

Tags: Business, energy, Khosla, KIOR, Mississippi

In a sign that biofuel maker KiOR Inc.’s money troubles aren’t letting up, the start-up company will make a $250,000 forbearance payment to the Mississippi Development Authority in exchange for 120 days to get current on its nearly $70 million debt to the MDA. KiOR defaulted on a $1.87 million payment that was scheduled for […] [...]

PSC wants to hear from utilities about proposed EPA regulations

JACKSON — The Mississippi Public Service Commission is seeking input from others, including utilities, in its efforts to fight proposed federal rules that would cut carbon dioxide emissions from Mississippi’s power plants. The U.S. Environmental Protection Agency, as part of a nationwide effort, proposed in June that Mississippi’s carbon dioxide emissions from power plants be […] [...]

Atmos Energy – Best Places to Work 2014

 LARGE CATEGORY At Atmos Energy, the heart of the company culture is AtmoSpirit, a belief system or “culture plan” that emphasizes five core values: be at your best; bring out the best in others; inspire trust; focus on the future and make a difference. Atmos Energy encourages all of its 360 Mississippi employees to live […] [...]

Presley alerts farmers to new sales tax break on energy bills

JACKSON — Public Service Commissioner Brandon Presley is notifying agricultural businesses in Mississippi of a change in tax law that may lower their utility bills. The change, which went into effect July 1, exempts certain agricultural business from being charged state sales tax on their energy bills, particularly bills for electric and natural gas service. […] [...]

Ergon plans significant expansion of Appalachian operations

JACKSON — Ergon Inc. plans to enhance its subsidiaries’ facilities in the Appalachian Basin. The Appalachian Basin comprises the Marcellus Shale and Utica Shale Plays. Several Ergon subsidiaries, including Ergon-West Virginia Inc., its refinery, acquired from Quaker State in 1997, Ergon Oil Purchasing Inc., Ergon Terminaling Inc., Ergon Trucking Inc. and Magnolia Marine Transport Company, […] [...]

Horizon to implement Intellipumper in Texas oil field

GULFPORT — Horizon Energy Corporation’s Intellipumper will be placed in operation at its East Texas site on the Holmes Oil Unit Number 1 in Cherokee County, Texas. The Intellipumper is a rod pump control solution designed to optimize the reliability and energy efficiency of pump wells. “The Intellipumper will improve the performance of each individual […] [...]

Horizon ‘optimistic’ after testing in Texas shows oil, gas

GULFPORT — Horizon Energy Corporation is “optimistic” after fracture stimulation testing at the Holmes Oil Unit Number 1 in Cherokee County, Texas. Swabbing procedures have confirmed the presence of oil and gas in sufficient quantities to warrant scheduling production. A workover rig will arrive onsite within the next two weeks to put pump equipment back […] [...]

Judge rules against MDA’s regulations on offshore leases

GULF OF MEXICO — A Hinds County judge says the state must write a better economic impact statement on proposed offshore natural gas and oil exploration in parts of the Mississippi Sound before it can enact rules to lease areas that could be drilled. “A cursory reading of the EIS finds that it is severely […] [...]

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