Posts Tagged ‘Oil’

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 […] [...]

A Q&A with Gov. Phil Bryant — Energy, oil and other things

Gov. Phil Bryant earlier this month delivered a keynote address to oil company executives and others gathered in Houston for the Tuscaloosa Marine Shale Summit. Upon his return, the governor’s office agreed to answer a series of questions on the subject of the Tuscaloosa Marine Shale. Here is the Q&A: Q — Does the governor […] [...]

Big investment in Halcón drilling reflects confidence in a lucrative TMS

by Published: June 26,2014

Tags: Business, energy, Mississippi, Oil, Politics

A private equity firm’s pledge to invest up to $400 million in Halcón Resources’ deep drilling in Mississippi and Louisiana could lead to a doubling of Halcón’s 2015 operations in the region. The investment from Apollo Globe Management allows Halcón to accelerate its drilling for oil and gas on the 314,000 acres the Houston-based company […] [...]

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 […] [...]

Horizon Energy rolls out Intellipumper for digital oil fields

GULFPORT — Horizon Energy Corporation (OTCQB:HORI) has introduced the Intellipumper, a new rod pump control solution to optimize the reliability and energy efficiency of pump wells. The Intellipumper was designed for digital oilfields and comes ready for use, featuring cable-free installation, integrated supervisory control and data acquisition (SCADA) communications, wireless control and low maintenance. “Our […] [...]

Trustee wants to hire Maryland firm to sell frac sand facility, mine

PICAYUNE — Richard W. Cryar, as Chapter 11 trustee for Alliance Consulting Group, LLC, has filed a motion with the U.S. Bankruptcy Court for the Southern District of Mississippi to hire Heritage Equity Partners (HEP) of Easton, Md., to seek a buyer for a recently built frac sand dry processing plant in conjunction with a […] [...]

Oil exploration company gets $400M from private equity firm

WILKINSON COUNTY — A private equity firm will invest up to $400 million to support efforts by Houston-based Halcón Resources Corp to drill for oil on the 314,000 acres that Halcón has leased in the Tuscaloosa Marine Shale of southwest Mississippi and southeast Louisiana. Halcón said yesterday that it would sell $150 million in preferred […] [...]

Chevron completes $1.4B base oil facility

PASCAGOULA — Chevron Corp.’s Pascagoula Refinery says construction on a new $1.4 billion base oil facility is complete. The Sun Herald reports the company expects to reach full production capability by midsummer. The oils are used to make lubricants, motor oils, hand cleaners, agricultural sprays and greases. “At that time, we’ll be considered the largest […] [...]

Judge: Owners of Macondo well cannot avoid oil spill fines

NEW ORLEANS — The owners of the blown-out Macondo well cannot avoid federal fines for the 2010 oil spill by blaming another company’s failed equipment, a federal appeals court ruled yesterday. The oil came from a well owned by BP and Anadarko Petroleum Corp., so they are liable, the 5th U.S. Circuit Court of Appeals […] [...]

Court rules for Exxon in property dispute involving alligators

WILKINSON COUNTY — A divided Mississippi Supreme Court has ruled that Exxon Mobil Corp. can’t be held liable for the presence of alligators at a waste site it owns in Wilkinson County. The oil giant had been sued by a couple — Tom and Consandra Christmas — who had planned to build a house on […] [...]

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