Mississippi Business Journal » drilling

Aldermen weigh whether to allow fracking in city limits

Associated Press — Thu, 17 Jan 2013 15:06:09 +0000

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 [...]

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Supervisors want second judge as oil industry grows

Associated Press — Tue, 30 Oct 2012 17:02:31 +0000

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 [...]

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

Associated Press — Fri, 22 Jun 2012 22:07:59 +0000

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, [...]

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Ergon expanding facilities, operations within Appalachian Basin

MBJ Staff — Wed, 28 Mar 2012 19:34:50 +0000

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 [...]

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‘Fracking’ leads county officials to call for highway widening

Associated Press — Sun, 04 Mar 2012 18:57:05 +0000

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 [...]

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Supreme Court to hear arguments in breach of contract dispute

Associated Press — Tue, 03 Jan 2012 17:48:53 +0000

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 [...]

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Callon Petroleum sees big jump in net income

MBJ Staff — Tue, 09 Aug 2011 18:17:46 +0000

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 [...]

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Joy Global completes acquisition of LeTourneau

Associated Press — Tue, 05 Jul 2011 14:02:03 +0000

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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Gulf moratorium is over but drilling has to wait

Associated Press — Thu, 14 Oct 2010 11:55:03 +0000

NEW ORLEANS – A day after the end of the federal moratorium on deepwater drilling, the Gulf oil industry was a mix of furious activity and tortured waiting around. Companies that are helping the industry meet new regulations are scrambling to keep up with increased business while oil-rig workers must remain idle until the new [...]

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Drilling ban lifted; uncertainties still face Gulf

Associated Press — Wed, 13 Oct 2010 11:48:20 +0000

WASHINGTON, D.C. – Deep water oil drills quieted by a six-month moratorium will again hum off the Gulf Coast, helping an industry that, despite its dangers, puts needed money in the pockets of thousands along the Gulf Coast. What’s less certain is just how soon the jobs on hold because of the six-month ban will [...]

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