Mississippi Business Journal » oil exploration

Fervor grows for Tuscaloosa Marine Shale

Ted Carter — Fri, 17 May 2013 21:04:46 +0000

Mississippi’s leaders expect a parade of oil drillers to converge on the southwest corner of the state and are happy to cover the cost of striking up the marching music. When a potential to fill seven billion barrels awaits, let’s get cracking, they say. So far, state officials are getting the answer they wanted when [...]

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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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Oil spill panel: BP missed systemic hazards, lax on overall safety

Associated Press — Tue, 24 Jul 2012 14:59:19 +0000

WASHINGTON — BP focused too much on the little details of personal worker safety instead of the big systemic hazards that led to the 2010 Gulf of Mexico oil spill and wasn’t as strict on overall safety when drilling rigs involved other companies that they hired, a government safety panel concludes. Eleven workers were killed [...]

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Supervisors want regional approach to area oil exploration

Associated Press — Fri, 06 Jul 2012 15:53:27 +0000

SOUTHWEST MISSISSIPPI — Pike County supervisors are suggesting southwest Mississippi take a regional approach to address the growing oil exploration in the area. Officials believe if the Tuscaloosa Marine Shale formation proves to be a honey hole for oil and gas companies, then southwest Mississippi could see a boost in business and an influx of [...]

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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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First post-spill offshore oil and gas lease auction brings $1.7B

Associated Press — Thu, 21 Jun 2012 15:01:07 +0000

GULF OF MEXICO — The federal government’s first auction of offshore petroleum leases in the same area where the Deepwater Horizon exploded in 2010 brought in $1.7 billion in winning bids yesterday, prompting Interior Department Secretary Ken Salazar to declare great strides are being made to get drilling back on track in the Gulf of [...]

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