Posts Tagged ‘drilling’

After drilling issues, Goodrich pumping oil in Tuscaloosa Marine Shale

WILKINSON COUNTY — Goodrich Petroleum Corporation of Houston, Texas, has completed its CMR-Foster Creek 20-7H-1 well in the Tuscaloosa Marine Shale in Wilkinson County. According to the company, the well was successfully drilled with a 6,200 foot lateral and fracture stimulated with 23 stages but encountered completion issues while drilling out the frac plugs with […] [...]

Denbury paying one of largest fines ever to MDEQ for blowout

YAZOO COUNTY — Denbury Resources promises to bring new life to old oil fields by pumping in carbon dioxide to force additional oil to the surface. But the company’s oil fields have seen a series of uncontrolled carbon dioxide blowouts that may bring up oil and drilling fluids with them. Now, one of the biggest […] [...]

Aldermen weigh whether to allow fracking in city limits

CALEDONIA — With the decision of the Caledonia Board of Alderman to allow fracking within the town’s city limits, what has been a national issue is now a local one. The questions emerge: Is it safe? If so, what would fracking mean to the small town? There is no consensus on either question. Hydraulic fracturing […] [...]

Supervisors want second judge as oil industry grows

MCCOMB — Pike County supervisors say the area needs a second chancery judge to deal with expected rise in cases involving the growing oil industry. The Enterprise-Journal reports supervisors voted to ask lawmakers to add a judge to the 4th Chancery Court District. The district includes Pike, Amite, Walthall and Franklin counties. Supervisor Gary Honea […] [...]

In-state oil/gas leases to go up for sale in September

AROUND MISSISSIPPI — The Bureau of Land Management-Eastern States will hold an oil and gas lease sale for tracts in Louisiana and Mississippi Sept. 13 at its offices in Springfield, Va. Federal mineral lands in Mississippi and Louisiana totaling 34,630 acres will be offered. Mississippi parcels are in Smith, Scott and Franklin counties. In Louisiana, […] [...]

Ergon expanding facilities, operations within Appalachian Basin

JACKSON — Ergon Inc. is expanding its subsidiary facilities and operations within the Appalachian Basin. The expansion will enable Ergon companies to handle increased liquid production as drilling increases throughout the Marcellus and Utica Shale areas. Ergon’s refinery in Newell, W.V., and its terminal facilities in Magnolia and Marietta, Ohio, will add additional storage tanks […] [...]

‘Fracking’ leads county officials to call for highway widening

AMITE COUNTY — An increase in oilfield activity in Amite County is bringing a call for the state to four-lane Highway 24 in southwest Mississippi between McComb and Liberty. The Enterprise-Journal reports the issue came up during a discussion of oil drilling among members of the Pike County Economic Development District board. Amite County has […] [...]

Supreme Court to hear arguments in breach of contract dispute

LINCOLN COUNTY — The Mississippi Supreme Court has scheduled oral arguments of Jan. 18 in a commercial breach of contract case from Lincoln County. According to court records, Precision Welding sued Denbury Resources for allegedly breaching a contract between the two. Denbury denied the allegation. A Lincoln County jury in 2010 awarded $1.5 million to […] [...]

Callon Petroleum sees big jump in net income

by Published: August 9,2011

Tags: drilling, energy, oil and gas, publicly-traded companies

NATCHEZ — Callon Petroleum Company reported net income of $19.9 million, or $0.50 per fully diluted share, for the second quarter, and $24.0 million, or $0.65 per fully diluted share, for the six-month period ended June 30, 2011. This compares with net income of $2.1 million, or $0.07 per fully diluted share, during the second […] [...]

Joy Global completes acquisition of LeTourneau

by Published: July 5,2011

Tags: drilling, energy, manufacturing, oil and gas, oil rigs

VICKSBURG — Joy Global’s acquisition of LeTourneau Technologies is completed and officials say plans are being developed for the Vicksburg operation. Joy Global spokesman Mark Sanders tells the Vicksburg Post that the company expects to grow business in Vicksburg. Sanders says it is less certain whether the yard will continue to build rigs. He says […] [...]

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